2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Eastman Credit Union

Eastman Credit Union Locations
2021 MeadowView Lane
Kingsport, TN 37660
423-229-8200
ecu.org

NCUA

Eastman Credit Union is headquartered in Kingsport and is the largest credit union in the state of Tennessee. It is also the 45th largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 502 employees and 141,403 members. Eastman Credit Union has a 5-star health rating.

Related Posts

Top CD Rates Continue at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only - 7/14/2010

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 1.75% APY 12-month CD and a 2.50% APY 3-year CD. The 6-month CD is also very competitive ...

Competitive CD Rates at Eastman Credit Union in Parts of TN, VA, TX, SC & AR - Local Only - 2/2/2010

Eastman Credit Union continues to offer competitive certificate rates. The two most competitive ones include a 2.00% APY 12-month CD and a 2.30% APY 2-year CD. Minimum deposit is $1,000. An extra 10 ...

2.50% 12-Month CD & 3.10% 3-Year CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only - 8/21/2009

Update 10/17/09: The CD rates have fallen, but they remain competitive. New rates include 2.35% APY 12-month, 2.60% APY 24-month and 3.15% APY 36-month.Eastman Credit Union continues to offer competitive certificate rates. The three most competitive ones...

2.70% 24-Month CD at Eastman Credit Union in TN, VA, TX, SC & AR - Local Only - 7/9/2009

Eastman Credit Union is offering some competitive certificate rates. The two most competitive are the 24-month term with a 2.70% APY and the 12-month term with a 2.25% APY. The 3-year term also has a competitive APY of 3.10%. The minimum deposit is...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Eastman Credit Union Checking Account Rates

ApyMinMaxProduct
0.55%$250k-Maximum Business Checking
0.30%$200k-Beyond Free Checking
0.30%$100k-Business Checking with Interest

Eastman Credit Union Savings Account Rates

ApyMinMaxProduct
0.30%--IRA Accumulation Account
0.30%$10k-IRA Access
0.30%--Share Savings Account
0.30%--Christmas Club
0.30%--Wellness Account
0.30%$10k-Roth IRA Access
0.30%--Roth IRA Accumulation Account
0.30%--Business Savings

Eastman Credit Union Money Market Rates

ApyMinMaxProduct
0.55%$200k-IMMA Advantage
0.55%$200k-Business IMMA Advantage (Money Market)

Eastman Credit Union CD Rates

ApyMinMaxProduct
1.70%$100k-5 Year Jumbo Investment Certificate
1.60%$1k-5 Year Investment Certificate
1.40%$100k-4 to 5 Year Investment Certificate
1.30%$1k-4 to 5 Year Investment Certificate
1.15%$100k-3 to 4 Year Jumbo Investment Certificate
1.05%$1k-3 to 4 Year Investment Certificate
0.90%$100k-2 to 3 Year Jumbo Investment Certificate
0.80%$1k-2 to 3 Year Investment Certificate
0.65%$100k-1 to 2 Year Jumbo Investment Certificate
0.55%$1k-1 to 2 Year Investment Certificate
0.50%$100k-180 to 364 Day Jumbo Investment Certificate
0.40%$2,500-180 to 364 Day Investment Certificate
0.40%$100k-90 to 179 Day Jumbo Investment Certificate
0.35%$100-365 Day Lifeline Savers Certificate
0.30%$2,500-90 to 179 Day Investment Certificate
0.20%$100k-30 to 89 Day Jumbo Investment Certificate
0.10%$2,500-30 to 89 Day Investment Certificate

Eastman Credit Union IRA Rates

ApyMinMaxProduct
1.70%$100k-5 Year Jumbo IRA Investment Certificate
1.70%$100k-5 Year Jumbo Roth IRA Investment Certificate
1.60%$1k-5 Year IRA Investment Certificate
1.60%$1k-5 Year Roth IRA Investment Certificate
1.40%$100k-4 to 5 Year Jumbo IRA Investment Certificate
1.40%$100k-4 to 5 Year Jumbo Roth IRA Investment Certificate
1.30%$1k-4 to 5 Year IRA Investment Certificate
1.30%$1k-4 to 5 Year Roth IRA Investment Certificate
1.15%$100k-3 to 4 Year Jumbo IRA Investment Certificate
1.15%$100k-3 to 4 Year Jumbo Roth IRA Investment Certificate
1.05%$1k-3 to 4 Year IRA Investment Certificate
1.05%$1k-3 to 4 Year Roth IRA Investment Certificate
0.90%$100k-2 to 3 Year Jumbo IRA Investment Certificate
0.90%$100k-2 to 3 Year Jumbo Roth IRA Investment Certificate
0.80%$1k-2 to 3 Year IRA Investment Certificate
0.80%$1k-2 to 3 Year Roth IRA Investment Certificate
0.65%$100k-1 to 2 Year Jumbo IRA Investment Certificate
0.65%$100k-1 to 2 Year Jumbo Roth IRA Investment Certificate
0.55%$1k-1 to 2 Year IRA Investment Certificate
0.55%$1k-1 to 2 Year Roth IRA Investment Certificate
0.50%$100k-180 to 364 Day Jumbo IRA Investment Certificate
0.50%$100k-180 to 364 Day Jumbo Roth IRA Investment Certificate
0.40%$100k-90 to 179 Day Jumbo IRA Investment Certificate
0.40%$2,500-180 to 364 Day IRA Investment Certificate
0.40%$100k-90 to 179 Day Jumbo Roth IRA Investment Certificate
0.40%$2,500-180 to 364 Day Roth IRA Investment Certificate
0.35%$100-365 Day Lifeline IRA Savers Certificate
0.35%$100-365 Day Lifeline Roth IRA Savers Certificate
0.30%$2,500-90 to 179 Day IRA Investment Certificate
0.30%$2,500-90 to 179 Day Roth IRA Investment Certificate
0.20%$100k-30 to 89 Day Jumbo IRA Investment Certificate
0.20%$100k-30 to 89 Day Jumbo Roth IRA Investment Certificate
0.10%$2,500-30 to 89 Day IRA Investment Certificate
0.10%$2,500-30 to 89 Day Roth IRA Investment Certificate

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


EASTMAN
NCUA #68095
BankRate ReportView
Year Chartered1934
Employees502
Primary Regulator

Assets and Liabilities

Assets$2.68 billion
Loans$1.95 billion
Deposits$2.34 billion
Equity Capital$320.12 million
Loan Loss Allowance$12.42 million
Unbacked Noncurrent Loans$5.38 million
Real Estate Owned$2.01 million

Historic Data - December 2011

Assets$2.52 billion
Equity Capital$285.98 million
Loan Loss Allowance$15.19 million
Unbacked Noncurrent Loans$6.76 million
Real Estate Owned$2.12 million

Profit Margin - Quarterly

Net Interest Margin5.02%
Return on Assets1.24%
Return on Equity10.37%
Interest Income$99.93 million
Non-Interest Income$18.46 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Eastman Credit Union had $7.39 million in non-current loans and owned real-estate with $332.54 million in equity and loan loss allowances on hand to cover it. This gives Eastman Credit Union a Texas Ratio of 2.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Eastman Credit Union decreased slightly from 2.95% as of December 31, 2011 to 2.22% as of December 31, 2012, resulting in a positive change of 24.57%.This indicates that the balance sheet and financial strength for Eastman Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Eastman Credit Union has increased its total deposits by $129.05 million, resulting in 5.84% 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 Eastman Credit Union has shown is excellent.
Capitalization5
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. Eastman Credit Union has $2.68 billion in assets with $332.54 million in equity, resulting in a capitalization level of 12.40%, which is excellent.
Write Review

Lost Money
1 stars - BananaRama14 - Saturday, June 4, 2011 - 9:26 PM

In recent months, the bank and I have failed to agree on how much money I really had. In the past couple of weeks, they decided that I had overdrawn by a considerable amount and I know for a fact that I did not.

9

Do Not Like The Way They Do Business
1 stars - Red1010 - Thursday, January 19, 2012 - 4:08 PM

I belonged to the same credit union for over 8 years and the one before that for over 10 years and have never overdrafted.  We are avid users of online banking.  We switched for location purposes to ECU on a trial basis a couple of months ago.  BIG MISTAKE!  Their so called "Real Time" checking account was not explained to us when we opened the account.  No brochure or materials were given to us explaining how they post things to their checking accounts.  Their online banking is useless.  It shows nothing actual and does not agree with what a teller sees on their computer system.  The other day I had one balance on online banking.  1 hour later I made a deposit and the slip showed another balance which did not correspond.  Then 1 hour later my account showed yet another number.  Impossible to keep up with because you can't see everything!  A business over-charged our debit card by $1,000 and we did not know it.  All we could see was a big difference in balance and available balance on online banking.  I had to go to a branch to find out exactly what it was.  They said it was corrected by the business immediately.  So why put a hold on our account for the mistake amount?  It never showed up on online banking or on our statement later.  I asked to speak with a branch manager and was told I had to make an appointment!!  I called what I thought was a branch and got a customer service center.  When I tried to get someone to explain how their posting system worked, I couldn't get a straight answer.  Not sure the CSR understood it either.  She proceeded to hang up on me.  ECU has forgotten it is supposed to be a local credit union, not a large national bank who does not want to serve customers, just take their money - the reason we have always used credit unions instead of banks!

4

Fantastic Credit Union
5 stars - jhelton - Sunday, December 16, 2012 - 3:31 PM

Leave it to competitors to write bad reviews about one of the best financial institutions in the entire country. Don't believe the bad reviews at all. My experiences along with family and friends' experiences have been nothing but positive and professional from ECU. Bits and pieces from others' reviews tell me that their experiences are false and most likely made up. Give ECU a shot, I guarantee you'll be 100% happy with them!  

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