UT Federal Credit Union is headquartered in KNOXVILLE and is the 20th largest credit union in the state of Tennessee. It is also the 887th largest credit union in the nation. It was established in 1969 and as of September of 2013, it had grown to 70 employees and 23,012 members. UT Federal Credit Union's savings rates are 2X the national average, and it has a B+ 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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Data for Q3 2013
Institution Health
Texas Ratio
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 September 30, 2013 UT Federal Credit Union had $332,000 in non-current loans and owned real-estate with $17.15 million in equity and loan loss allowances on hand to cover it. This gives UT Federal Credit Union a Texas Ratio of 1.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for UT Federal Credit Union decreased slightly from 2.29% as of September 30, 2012 to 1.94% as of September 30, 2013, resulting in a positive change of 15.37%.This indicates that the balance sheet and financial strength for UT Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, UT Federal Credit Union has increased its total deposits by $3.06 million, resulting in 1.64% 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 above average.
Capitalization
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 $208.05 million in assets with $17.15 million in equity, resulting in a capitalization level of 8.24%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 19448 |
| Year Chartered | 1969 |
| Employees | 70 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $208.05 million |
| Loans | $142.47 million |
| Deposits | $189.64 million |
| Equity Capital | $16.49 million |
| Loan Loss Allowance | $668,000 |
| Unbacked Noncurrent Loans | $257,000 |
| Real Estate Owned | $75,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $205.04 million |
| Equity Capital | $16.38 million |
| Loan Loss Allowance | $721,000 |
| Unbacked Noncurrent Loans | $257,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.86% |
| Return on Assets | 0.55% |
| Return on Equity | 6.93% |
| Interest Income | $4.67 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.25% | $10k | - | Health Savings | |
| 1.00% | - | $2,500 | Youth 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $50k | - | Money Market |
UT Federal Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Deluxe Share Draft | |
| 0.05% | - | - | Generations Gold Share Draft |
UT Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.90% | $50k | - | 48 Month IRA | |
| 0.90% | $50k | - | 48 Month Roth IRA | |
| 0.80% | $50k | - | 36 Month IRA | |
| 0.80% | $50k | - | 36 Month Roth IRA | |
| 0.55% | $50k | - | 30 Month IRA | |
| 0.55% | $50k | - | 30 Month Roth IRA | |
| 0.50% | $50k | - | 24 Month IRA | |
| 0.50% | $50k | - | 24 Month Roth IRA | |
| 0.45% | $50k | - | 18 Month IRA | |
| 0.45% | $50k | - | 18 Month Roth IRA | |
| 0.40% | $50k | - | 12 Month IRA | |
| 0.40% | $50k | - | 12 Month Roth IRA | |
| 0.35% | $100 | $2k | 18 Month Educational IRA | |
| 0.30% | $50k | - | 6 Month IRA | |
| 0.30% | $50k | - | 6 Month Roth IRA | |
| 0.25% | $50k | - | 3 Month IRA | |
| 0.25% | $50k | - | 3 Month Roth IRA |
| 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 |