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Overview / Commentary
124 N Hall Rd
Alcoa, TN 37701-2648

Alcoa Tenn Credit Union is headquartered in Alcoa and is the 22nd largest credit union in the state of Tennessee. It is also the 989th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 52 employees and 20,510 members. Alcoa Tenn Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, or worship in Blount, Loudon, or Monroe Counties. - See Details

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 Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alcoa Tenn Credit Union had $1.33 million in non-current loans and owned real-estate with $19.76 million in equity and loan loss allowances on hand to cover it. This gives Alcoa Tenn Credit Union a Texas Ratio of 6.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Alcoa Tenn Credit Union decreased dramatically from 10.47% as of March 31, 2013 to 6.72% as of March 31, 2014, resulting in a positive change of 35.84%.This indicates that the balance sheet and financial strength for Alcoa Tenn Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Alcoa Tenn Credit Union has increased its total deposits by $796,000, resulting in 0.48% 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 $185.6 million in assets with $19.76 million in equity, resulting in a capitalization level of 10.65%, which is above average.

Institution Statistics

Overall
NCUA #1509
Year Chartered1936
Employees52
Primary Regulator
Assets and Liabilities
Assets$185.60 million
Loans$111.08 million
Deposits$165.05 million
Equity Capital$19.47 million
Loan Loss Allowance$290,000
Unbacked Noncurrent Loans$578,000
Real Estate Owned$750,000
Historic Data - March 2013
Assets$184.54 million
Equity Capital$19.14 million
Loan Loss Allowance$482,000
Unbacked Noncurrent Loans$578,000
Real Estate Owned$1.63 million
Profit Margin - Quarterly
Net Interest Margin0.96%
Return on Assets0.47%
Return on Equity4.44%
Interest Income$1.22 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Alcoa Tenn Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Alcoa Tenn Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share/Savings
0.05%--Club Accounts
0.05%--Business Share/Savings

Alcoa Tenn Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Money Market Investment

Alcoa Tenn Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Draft/Checking
0.05%--10+ Checking
0.05%--Business Share Draft/Checking

Alcoa Tenn Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%--36 Month Share Certificate
0.50%--30 Month Share Certificate
0.45%--24 Month Share Certificate
0.35%--18 Month Share Certificate
0.30%--12 Month Share Certificate
0.20%--6 Month Share Certificate
0.15%--3 Month Share Certificate

Alcoa Tenn Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%--36 Month IRA Share Certificate
0.50%--30 Month IRA Share Certificate
0.45%--24 Month IRA Share Certificate
0.35%--18 Month IRA Share Certificate
0.30%--12 Month IRA Share Certificate
0.20%--6 Month IRA Share Certificate
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