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Overview / Commentary
931-759-5513
488 Majors Blvd
Lynchburg, TN 37352

Jack Daniel Employees Credit Union is headquartered in LYNCHBURG and is the 79th largest credit union in the state of Tennessee. It is also the 3,225th largest credit union in the nation. It was established in 1987 and as of March of 2014, it had grown to 6 employees and 1,871 members. Jack Daniel Employees Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee or retiree of Jack Daniel Distillery, Lynchburg, Tennessee or any of its subsidiaries. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Jack Daniel Employees Credit Union has a low asset base.

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 Jack Daniel Employees Credit Union had $14,000 in non-current loans and owned real-estate with $2.21 million in equity and loan loss allowances on hand to cover it. This gives Jack Daniel Employees Credit Union a Texas Ratio of 0.63% 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 Jack Daniel Employees Credit Union decreased dramatically from 4.63% as of March 31, 2013 to 0.63% as of March 31, 2014, resulting in a positive change of 86.32%.This indicates that the balance sheet and financial strength for Jack Daniel Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Jack Daniel Employees Credit Union has increased its total deposits by $1.9 million, resulting in 9.06% 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 Jack Daniel Employees Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Jack Daniel Employees Credit Union has $24.98 million in assets with $2.21 million in equity, resulting in a capitalization level of 8.84%, which is average.

Institution Statistics

Overall
NCUA #67197
Year Chartered1987
Employees6
Primary Regulator
Assets and Liabilities
Assets$24.98 million
Loans$15.15 million
Deposits$22.92 million
Equity Capital$2.08 million
Loan Loss Allowance$130,000
Unbacked Noncurrent Loans$14,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.00 million
Equity Capital$1.86 million
Loan Loss Allowance$126,000
Unbacked Noncurrent Loans$14,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.96%
Return on Equity11.55%
Interest Income$215,000
Rates
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Jack Daniel Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Share Account
0.50%--Vacation Club Account
0.50%--Christmas Club Account
0.50%--Variable IRA Share Account

Jack Daniel Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-24 Month Share Certificate
0.61%$1k-18 Month Share Certificate
0.51%$1k-3 Month Share Certificate
0.51%$1k-6 Month Share Certificate
0.50%$1k-12 Month Share Certificate

Jack Daniel Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$2k-24 Month IRA Certificate
0.61%$2k-18 Month IRA Certificate
0.51%$2k-6 Month IRA Certificate
0.50%$2k-12 Month IRA Certificate
Locations


Jack Daniel Employees Credit Union Locations
Branch Office488 MAJORS BLVDLYNCHBURG, TN 37352