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Overview / Commentary
865-482-0045
P.O. Box 883
Oak Ridge, TN 37831

Enrichment Credit Union is headquartered in OAK RIDGE and is the 12st largest credit union in the state of Tennessee. It is also the 571st largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 108 employees and 40,269 members. Enrichment Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, worships or attends school in Anderson, Knox, Loudon, Blount, Union, Roane, Scott, and Claiborne County communities. - See Details

Reviews (1)

Would Not Recommend. The CEO Is Abusive

Would not recommend.  The CEO is abusive and uncaring.



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 Enrichment Credit Union had $299,000 in non-current loans and owned real-estate with $39.3 million in equity and loan loss allowances on hand to cover it. This gives Enrichment Credit Union a Texas Ratio of 0.76% 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 Enrichment Credit Union decreased dramatically from 1.63% as of March 31, 2013 to 0.76% as of March 31, 2014, resulting in a positive change of 53.23%.This indicates that the balance sheet and financial strength for Enrichment Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Enrichment Credit Union has increased its total deposits by $7.41 million, resulting in 2.18% 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 Enrichment 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. Enrichment Credit Union has $388.55 million in assets with $39.3 million in equity, resulting in a capitalization level of 10.11%, which is above average.

Institution Statistics

Overall
NCUA #6778
Year Chartered1950
Employees108
Primary Regulator
Assets and Liabilities
Assets$388.55 million
Loans$216.37 million
Deposits$346.86 million
Equity Capital$39.03 million
Loan Loss Allowance$272,000
Unbacked Noncurrent Loans$55,000
Real Estate Owned$244,000
Historic Data - March 2013
Assets$382.17 million
Equity Capital$39.91 million
Loan Loss Allowance$409,000
Unbacked Noncurrent Loans$55,000
Real Estate Owned$581,000
Profit Margin - Quarterly
Net Interest Margin0.92%
Return on Assets0.28%
Return on Equity2.76%
Interest Income$2.45 million
Rates

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

Enrichment Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Variable Account
0.10%--Savings Account
0.10%--Pet Pals Account
0.10%--Mad Money Account
0.10%--Christmas Club Account
0.10%--Kirby Kangaroo Account
0.05%--Mortgage Account
0.05%--Auto Escrow Account

Enrichment Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Savings Account

Enrichment Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$10k-Platinum Checking Account
0.05%$50-Package Club Checking Account
0.05%$50-Everyday Checking Account
0.05%$50-Business Checking Account

Enrichment Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year Share Certificate
1.00%$500-5 Year Youth Share Certificate
0.90%$1k-4 Year Share Certificate
0.90%$500-4 Year Youth Share Certificate
0.80%$100k-3 Year Jumbo Share Certificate
0.70%$1k-3 Year Share Certificate
0.70%$500-3 Year Youth Share Certificate
0.60%$100k-2 Year Jumbo Share Certificate
0.50%$1k-2 Year Share Certificate
0.50%$500-2 Year Youth Share Certificate
0.35%$100k-1 Year Jumbo Share Certificate
0.30%$1k-1 Year Share Certificate
0.30%$500-1 Year Youth Share Certificate
0.25%$100k-6 Month Jumbo Share Certificate
0.20%$2,500-6 Month Share Certificate
0.20%$500-6 Month Youth Share Certificate
0.20%$100k-3 Month Jumbo Share Certificate
0.15%$2,500-3 Month Share Certificate
0.15%$500-3 Month Youth Share Certificate

Enrichment Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year IRA Certificate
0.90%$1k-4 Year IRA Certificate
0.80%$100k-3 Year Jumbo IRA Certificate
0.70%$1k-3 Year IRA Certificate
0.60%$100k-2 Year Jumbo IRA Certificate
0.50%$1k-2 Year IRA Certificate
0.35%$100k-1 Year Jumbo IRA Certificate
0.30%$1k-1 Year IRA Certificate
Locations


Enrichment Credit Union Locations
Branch Office9419 S NORTHSHORE DRKNOXVILLE, TN 37922
Branch Office1009 BRADFORD WAYKINGSTON, TN 37763
Branch Office5201 SCHUBERT RDKNOXVILLE, TN 37912
Branch Office9210 KINGSTON PIKEKNOXVILLE, TN 37922-2317
Branch Office1116 N CHARLES G SEIVERS BLVDCLINTON, TN 37716
Branch Office404 S BROAD STNEW TAZEWELL, TN 37825
Branch OfficeHALLS BRANCH 7202 MAYNARDVILLE PIKEKNOXVILLE, TN 37918-5740
Branch Office201 S ILLINOIS AVEOAK RIDGE, TN 37830