This issue patched in the version 1.19.2 of the Memberships plugin, but it’s not retroactive.
Changing the endpoint to something other than profile will remove the conflict. You can do that by following these steps:
Go to WooCommerce > Settings > Advanced and scroll down to the My Profile field, under the Account Endpoints section
Change ‘profile’ to ‘my-profile’ or ‘wcm-profile’, then save changes