Credit union · NCUA insured
HealthNet Federal Credit Union
A $55.2M credit union headquartered in Cordova, TN, with 4,461 members and 3 branches in 2 states. Best rates: CDs 3.50% and savings 0.40% APY.
HealthNet Federal Credit Union Carrot Score
65
Carrot Score
Higher than 14% of U.S. banks and credit unions
#22 of 36 in Memphis, TN-MS-AR metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About HealthNet Federal Credit Union
Founded in 1955 as Baptist Memorial Federal Credit Union, HealthNet Federal Credit Union was originally established to serve employees of Baptist Memorial Hospital in Memphis, Tennessee.
Based in Cordova, Tennessee, the member-owned cooperative serves the financial needs of the healthcare community.
- Headquarters
- 1591 Chickering Ln, Cordova, TN 38016-8698
- NCUA charter
- 9994
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Baptist Memorial Healthcare are eligible for membership.
- Employees, independent contractors, or self-employed persons who work regularly in the healthcare industry in specified counties in Tennessee (Shelby, Lauderdale, Henderson), Mississippi (Desoto, Lafayette, Union, Prentiss, St. Francis), or Arkansas (Fulton) are eligible for membership.
Branches
3 branches in 2 states
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Tennessee
2 branches
- Chickering LaneMain office1591 Chickering Ln, Cordova, TN 38016Directions
- Walnut Grove6029 Walnut Grove Rd, Suite 103, Memphis, TN 38120Directions
Mississippi
1 branch
- Southaven84 Airways Pl, Southaven, MS 38671Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.24% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.27% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.25% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $31 | $59 | — |
- CapitalNet worth ratio13.24%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.27%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.25%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$31Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of HealthNet Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.