Appalachian Community Credit Union is headquartered in Gray and is the 23rd largest credit union in the state of Tennessee. It is also the 1,046th largest credit union in the nation. It was established in 1993 and as of March of 2014, it had grown to 72 employees and 14,418 members. Appalachian Community Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.
If you live, work, worship, or attend school in one of the following areas you are eligible to become a member: Carter County, TN; Hawkins County, TN; Sullivan County, TN; Unicoi County, TN; Washington County, TN; Scott County, VA; Washington County, VA; Wise County, VA; Clinton County, KY; Jackson County, KY; Wayne County, KY; and McCeary County, KY - See Details
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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 Appalachian Community Credit Union had $2.38 million in non-current loans and owned real-estate with $14.78 million in equity and loan loss allowances on hand to cover it. This gives Appalachian Community Credit Union a Texas Ratio of 16.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Appalachian Community Credit Union decreased slightly from 21.47% as of March 31, 2013 to 16.08% as of March 31, 2014, resulting in a positive change of 25.10%.This indicates that the balance sheet and financial strength for Appalachian Community Credit Union has improved slightly in recent periods.
In the past year, Appalachian Community Credit Union has increased its total deposits by $2.19 million, resulting in 1.41% 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 Appalachian Community Credit Union has shown is above average.
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. Appalachian Community Credit Union has $171.7 million in assets with $14.78 million in equity, resulting in a capitalization level of 8.61%, which is average.
|Assets and Liabilities|
|Equity Capital||$13.71 million|
|Loan Loss Allowance||$1.07 million|
|Unbacked Noncurrent Loans||$1.31 million|
|Real Estate Owned||$1.07 million|
|Historic Data - March 2013|
|Equity Capital||$13.96 million|
|Loan Loss Allowance||$1.98 million|
|Unbacked Noncurrent Loans||$1.31 million|
|Real Estate Owned||$988,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.08%|
|Return on Assets||-0.09%|
|Return on Equity||-1.17%|
|Interest Income||$1.98 million|
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|0.35%||-||-||Roth IRA Share|
|0.50%||$100k||-||Super Saver Money Market|
|1.16%||$5k||-||72 Month Super Saver Term Share Certificate|
|0.80%||$1k||-||60 Month Term Share Certificate|
|0.75%||$1k||-||48 Month Term Share Certificate|
|0.55%||$1k||-||36 Month Term Share Certificate|
|0.30%||$1k||-||24 Month Term Share Certificate|
|0.20%||$1k||-||12 Month Term Share Certificate|
|0.10%||$1k||-||6 Month Term Share Certificate|
|1.16%||$5k||-||72 Month Super Saver IRA Certificate|
|0.80%||$1k||-||60 Month IRA Certificate|
|0.75%||$1k||-||48 Month IRA Certificate|
|0.55%||$1k||-||36 Month IRA Certificate|
|0.30%||$1k||-||24 Month IRA Certificate|
|0.20%||$1k||-||12 Month IRA Certificate|
|0.10%||$1k||-||6 Month IRA Certificate|
|Appalachian Community Credit Union Locations|
|Branch Office||1206 W Main St||Rogersville, TN 37857|
|Branch Office||1500 E Stone Dr||Kingsport, TN 37660|
|Branch Office||1000 W Market St||Johnson City, TN 37604|
|Branch Office||1448 Park Ave NW||Norton, VA 24273|
|Branch Office||5034 Bobby Hicks Hwy Ste 2||Gray, TN 37615|
|Branch Office||104 Pasco St P.O. Box 504||Berea, KY 40403|
|Branch Office||417 Main St N||Mc Kee, KY 40447|
|Branch Office||460 West Center Street||Kingsport, TN 37660|