Member Eligibility
Joining the Methodist Healthcare family is not just about banking; it's about becoming part of a supportive community that values you and your financial well-being. If you're looking to become a member, you'll be pleased to know that eligibility is quite accessible! At Methodist Healthcare, we welcome individuals who are employed by or affiliated with the healthcare field. This includes staff at various hospitals and clinics as well as their immediate family members. It's our way of ensuring that those who serve our communities have a trusted financial partner by their side. Opening an account with us is simple and straightforward! You can start your membership journey by visiting us at 1265 Union Ave, Memphis, TN 38104, or by giving us a call at 901-453-3500. For detailed eligibility criteria and to see if you qualify. We're excited to help you take this step toward better financial health!
Financial Strength
At Methodist Healthcare, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that trust is built on solid foundations, and we are proud to showcase the strength of our financial position. With a net worth of $7,990,310, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 17.05% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $1,129,673 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $7,990,310 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports members' financial goals across various sectors with $10,514,951 in total loans and leases and 1,051 used auto loans currently provided. Our operational efficiency is reflected in our net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 11 full-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Total Share Accounts stand strong at 10,750, showing a growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Methodist Healthcare is your trusted partner. Visit us at 1265 Union Ave Memphis Tn 38104 or call 901-453-3500 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
