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Alcoa Tenn Credit Union

Based on 1 review
Alcoa Tenn Credit Union
Overview / Commentary
P.O. Box 9001
Alcoa, TN 37701

Alcoa Tenn Credit Union is headquartered in Alcoa and is the 22nd largest credit union in the state of Tennessee. It is also the 985th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 52 employees and 20,311 members. Alcoa Tenn Credit Union has a A health rating.

Reviews (1)

No Longer Customer Friendly. Dishonest.

II have banked with ATFCU for over 25 years but finally followed through on my vows to switch to another bank. The people no longer provide a "personal" banking experience.  They are dishonest.  They process transactions in an order that ensures NSF fees that would not be applicable if transactions were processed in chronological order.  They have a policy of holding out-of-state checks for a week.  I think that is reasonable.  However, I recently had a cashiers check from out-of-state and they held it for a week.  Never mind the fact that I had banked with them for years.  Not to mention that a cashiers check is basically cash! They wanted to make money on my cash.  It was at that time that I decided to go through the pain of switching automatic payments to another bank.  It was a hassle well worth it. At my new bank, I am treated like a person, not an opportunity to make a buck. 

 

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Alcoa Tenn Credit Union had $1.52 million in non-current loans and owned real-estate with $19.59 million in equity and loan loss allowances on hand to cover it. This gives Alcoa Tenn Credit Union a Texas Ratio of 7.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Alcoa Tenn Credit Union decreased slightly from 10.88% as of December 31, 2012 to 7.74% as of December 31, 2013, resulting in a positive change of 28.85%.This indicates that the balance sheet and financial strength for Alcoa Tenn Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Alcoa Tenn Credit Union has increased its total deposits by $1.56 million, resulting in 0.98% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alcoa Tenn Credit Union has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alcoa Tenn Credit Union has $180.56 million in assets with $19.59 million in equity, resulting in a capitalization level of 10.85%, which is above average.

Institution Statistics

Overall
NCUA #1509
Year Chartered1936
Employees52
Primary Regulator
Assets and Liabilities
Assets$180.56 million
Loans$113.03 million
Deposits$160.34 million
Equity Capital$19.25 million
Loan Loss Allowance$338,000
Unbacked Noncurrent Loans$766,000
Real Estate Owned$750,000
Historic Data - December 2012
Assets$178.77 million
Equity Capital$19.13 million
Loan Loss Allowance$426,000
Unbacked Noncurrent Loans$766,000
Real Estate Owned$1.50 million
Profit Margin - Quarterly
Net Interest Margin3.67%
Return on Assets0.25%
Return on Equity2.37%
Interest Income$4.90 million
Rates

Sorry, we do not have rate data for Alcoa Tenn Credit Union

Locations


Alcoa Tenn Credit Union Locations
Branch Office425 Foothills Mall DrMaryville, TN 37801-2324
Branch Office124 N Hall RdAlcoa, TN 37701-2648
Branch Office160 Deer XingVonore, TN 37885-2133
Branch Office2511 US Highway 411 SMaryville, TN 37801-8636