UT Federal Credit Union is headquartered in KNOXVILLE and is the 18st largest credit union in the state of Tennessee. It is also the 871st largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 70 employees and 22,895 members. UT Federal Credit Union's savings rates are 2X the national average, and it has a A health rating.
If you live, work, worship, go to school, or conduct business in the 5 counties surrounding Knoxville, you're eligible. - See Details
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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, 2013 UT Federal Credit Union had $338,000 in non-current loans and owned real-estate with $17.8 million in equity and loan loss allowances on hand to cover it. This gives UT Federal Credit Union a Texas Ratio of 1.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for UT Federal Credit Union held steady from 1.84% as of December 31, 2012 to 1.90% as of December 31, 2013, resulting in a negative change of 3.19%. This indicates that the balance sheet and financial strength for UT Federal Credit Union has held steady in recent periods.
In the past year, UT Federal Credit Union has increased its total deposits by $7.18 million, resulting in 3.82% 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 UT Federal Credit Union has shown is excellent.
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. UT Federal Credit Union has $213.87 million in assets with $17.8 million in equity, resulting in a capitalization level of 8.32%, which is average.
|Assets and Liabilities|
|Equity Capital||$17.15 million|
|Loan Loss Allowance||$655,000|
|Unbacked Noncurrent Loans||$263,000|
|Real Estate Owned||$75,000|
|Historic Data - December 2012|
|Equity Capital||$16.64 million|
|Loan Loss Allowance||$700,000|
|Unbacked Noncurrent Loans||$263,000|
|Real Estate Owned||$114,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.7%|
|Return on Assets||0.53%|
|Return on Equity||6.6%|
|Interest Income||$6.26 million|
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|0.35%||-||-||Cumulative Roth IRA|
|0.05%||-||-||Deluxe Share Draft|
|0.05%||-||-||Generations Gold Share Draft|
|0.90%||$50k||-||48 Month CD|
|0.80%||$50k||-||36 Month CD|
|0.55%||$50k||-||30 Month CD|
|0.50%||$50k||-||24 Month CD|
|0.45%||$50k||-||18 Month CD|
|0.40%||$50k||-||12 Month CD|
|0.30%||$50k||-||6 Month CD|
|0.25%||$50k||-||3 Month CD|
|0.90%||$50k||-||48 Month IRA (Traditional,Roth)|
|0.80%||$50k||-||36 Month IRA (Traditional,Roth)|
|0.55%||$50k||-||30 Month IRA (Traditional,Roth)|
|0.50%||$50k||-||24 Month IRA (Traditional,Roth)|
|0.45%||$50k||-||18 Month IRA (Traditional,Roth)|
|0.40%||$50k||-||12 Month IRA (Traditional,Roth)|
|0.35%||$100||$2k||18 Month Educational IRA|
|0.30%||$50k||-||6 Month IRA (Traditional,Roth)|
|0.25%||$50k||-||3 Month IRA (Traditional,Roth)|
|UT Federal Credit Union Locations|
|Branch Office||103 Hurt St||Martin, TN 38237-2909|
|Branch Office||1924 Alcoa Hwy||Knoxville, TN 37920-1511|
|Branch Office||707 E Emory Rd||Knoxville, TN 37938-4614|
|Branch Office||910 Madison Ave||Memphis, TN 38103|
|Branch Office||University Ctr Rm 128 1502 W. Cumberland Avenue||Knoxville, TN 37996|
|Branch Office||2100 White Ave||Knoxville, TN 37916-2216|
|Branch Office||9700 Kingston Pike||Knoxville, TN 37922|