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Overview / Commentary
901-396-2132
1814 E Brooks Rd
Memphis, TN 38116

UPS Employees Credit Union (TN) is headquartered in Memphis and is the 99th largest credit union in the state of Tennessee. It is also the 3,857th largest credit union in the nation. It was established in 1980 and as of March of 2014, it had grown to 7 employees and 3,315 members. UPS Employees Credit Union (TN)'s CD rates are 22% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be a UPS employee. - 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. UPS Employees Credit Union (TN) 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 UPS Employees Credit Union (TN) had $86,000 in non-current loans and owned real-estate with $3.65 million in equity and loan loss allowances on hand to cover it. This gives UPS Employees Credit Union (TN) a Texas Ratio of 2.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for UPS Employees Credit Union (TN) experienced no significant changes from 0.29% as of March 31, 2013 to 2.36% as of March 31, 2014, resulting in a negative change of 700.56%. This indicates that the balance sheet and financial strength for UPS Employees Credit Union (TN) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, UPS Employees Credit Union (TN) has increased its total deposits by $251,000, resulting in 2.07% 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 UPS Employees Credit Union (TN) has shown is above average.

Capitalization

GRADE:
A+

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. UPS Employees Credit Union (TN) has $15.98 million in assets with $3.65 million in equity, resulting in a capitalization level of 22.82%, which is excellent.

Institution Statistics

Overall
NCUA #67608
Year Chartered1980
Employees7
Primary Regulator
Assets and Liabilities
Assets$15.98 million
Loans$8.71 million
Deposits$12.38 million
Equity Capital$3.51 million
Loan Loss Allowance$140,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$0
Historic Data - March 2013
Assets$15.44 million
Equity Capital$3.25 million
Loan Loss Allowance$149,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.98%
Return on Equity9.01%
Interest Income$206,000
Rates
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UPS Employees Credit Union (TN) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Christmas Club
0.50%--Vacation Club
0.20%$25-Basic Shares

UPS Employees Credit Union (TN) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$300-Share Draft

UPS Employees Credit Union (TN) CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-30 Month CD
1.10%$100k-12 Month Jumbo
1.00%$1k-24 Month CD
0.90%$1k-18 Month CD
0.80%$1k-12 Month CD
0.50%$1k-9 Month CD
0.40%$2,500-6 Month CD

UPS Employees Credit Union (TN) IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-30 Month IRA
1.00%$1k-24 Month IRA
0.90%$1k-18 Month IRA
0.80%$1k-12 Month IRA
0.50%$1k-9 Month IRA
0.40%$2,500-6 Month IRA
Locations


UPS Employees Credit Union (TN) Locations
Branch Office1814 E Brooks RdMemphis, TN 38116