Enrichment Credit Union

Enrichment Credit Union Locations
P O Box 883
Oak Ridge, TN 378310883
865-482-0045
www.enrichmentfcu.org



Enrichment Credit Union is headquartered in OAK RIDGE and is the 11st largest credit union in the state of Tennessee. It is also the 547th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 105 employees and 38,872 members. Enrichment Credit Union has a 5-star health rating.



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

Enrichment Credit Union Checking Account Rates

ApyMinMaxProduct
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 Savings Account Rates

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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

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0.40%$100k-Money Market Savings Account

Enrichment Credit Union CD Rates

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1.50%$1k-5 Year Share Certificate
1.50%$500-5 Year Youth Share Certificate
1.25%$1k-4 Year Share Certificate
1.25%$500-4 Year Youth Share Certificate
1.10%$100k-3 Year Jumbo Share Certificate
1.05%$1k-3 Year Share Certificate
1.05%$500-3 Year Youth Share Certificate
0.80%$100k-2 Year Jumbo Share Certificate
0.75%$500-2 Year Youth Share Certificate
0.55%$100k-1 Year Jumbo Share Certificate
0.45%$1k-1 Year Share Certificate
0.45%$1k-2 Year Share Certificate
0.45%$500-1 Year Youth Share Certificate
0.35%$100k-6 Month Jumbo Share Certificate
0.25%$2,500-6 Month Share Certificate
0.25%$500-6 Month Youth Share Certificate
0.25%$100k-3 Month Jumbo Share Certificate
0.20%$2,500-3 Month Share Certificate
0.20%$500-3 Month Youth Share Certificate

Enrichment Credit Union IRA Rates

ApyMinMaxProduct
1.50%$1k-5 Year IRA Certificate
1.25%$1k-4 Year IRA Certificate
1.10%$100k-3 Year Jumbo IRA Certificate
1.05%$1k-3 Year IRA Certificate
0.80%$100k-2 Year Jumbo IRA Certificate
0.75%$1k-2 Year IRA Certificate
0.55%$100k-1 Year Jumbo IRA Certificate
0.45%$1k-1 Year IRA Certificate

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


ENRICHMENT
NCUA #6778
BankRate ReportView
Year Chartered1950
Employees105
Primary Regulator

Assets and Liabilities

Assets$352.61 million
Loans$191.77 million
Deposits$312.06 million
Equity Capital$38.27 million
Loan Loss Allowance$446,000
Unbacked Noncurrent Loans$302,000
Real Estate Owned$710,000

Historic Data - December 2010

Assets$319.88 million
Equity Capital$37.59 million
Loan Loss Allowance$458,000
Unbacked Noncurrent Loans$355,000
Real Estate Owned$346,000

Profit Margin - Quarterly

Net Interest Margin4.55%
Return on Assets0.06%
Return on Equity0.56%
Interest Income$10.83 million
Non-Interest Income$3.96 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, 2011 Enrichment Credit Union had $1.01 million in non-current loans and owned real-estate with $38.72 million in equity and loan loss allowances on hand to cover it. This gives Enrichment Credit Union a Texas Ratio of 2.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Enrichment Credit Union held steady from 1.84% as of December 31, 2010 to 2.61% as of December 31, 2011, resulting in a negative change of 41.86%. This indicates that the balance sheet and financial strength for Enrichment Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Enrichment Credit Union has increased its total deposits by $32.33 million, resulting in 11.56% 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 excellent.
Capitalization4
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 $352.61 million in assets with $38.72 million in equity, resulting in a capitalization level of 10.98%, which is above average.
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