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865-971-1971
2100 White Avenue
Knoxville, TN 37916

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.

Field of Membership Restrictions

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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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for UT Federal Credit Union experienced no significant changes 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 had no significant changes in recent periods.

Deposit Growth

GRADE:
A

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.

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. 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.

Institution Statistics

Overall
NCUA #19448
Year Chartered1969
Employees70
Primary Regulator
Assets and Liabilities
Assets$213.87 million
Loans$147.02 million
Deposits$195.25 million
Equity Capital$17.15 million
Loan Loss Allowance$655,000
Unbacked Noncurrent Loans$263,000
Real Estate Owned$75,000
Historic Data - December 2012
Assets$206.33 million
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 Margin3.7%
Return on Assets0.53%
Return on Equity6.6%
Interest Income$6.26 million
Rates

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

UT Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%$10k-Health Savings
1.00%-$2,500Youth Shares
0.50%--Holiday Club
0.35%--Cumulative IRA
0.35%--Cumulative Roth IRA
0.05%--Regular Shares

UT Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market

UT Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Deluxe Share Draft
0.05%--Generations Gold Share Draft

UT Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

UT Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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$2k18 Month Educational IRA
0.30%$50k-6 Month IRA (Traditional,Roth)
0.25%$50k-3 Month IRA (Traditional,Roth)
Locations


UT Federal Credit Union Locations
Branch Office103 Hurt StMartin, TN 38237-2909
Branch Office1924 Alcoa HwyKnoxville, TN 37920-1511
Branch Office707 E Emory RdKnoxville, TN 37938-4614
Branch Office910 Madison AveMemphis, TN 38103
Branch OfficeUniversity Ctr Rm 128 1502 W. Cumberland AvenueKnoxville, TN 37996
Branch Office2100 White AveKnoxville, TN 37916-2216
Branch Office9700 Kingston PikeKnoxville, TN 37922