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Overview / Commentary
865-482-1043
501 Lafayette Drive
Oak Ridge, TN 37831

Y-12 Credit Union is headquartered in Oak Ridge and is the 6th largest credit union in the state of Tennessee. It is also the 312st largest credit union in the nation. It was established in 1950 and as of December of 2013, it had grown to 222 employees and 83,746 members. Y-12 Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Anderson, Loudon, Blount, Roane, Campbell, Sevier County. - 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 Y-12 Credit Union had $1.68 million in non-current loans and owned real-estate with $63.24 million in equity and loan loss allowances on hand to cover it. This gives Y-12 Credit Union a Texas Ratio of 2.66% 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 Y-12 Credit Union decreased dramatically from 4.60% as of December 31, 2012 to 2.66% as of December 31, 2013, resulting in a positive change of 42.05%.This indicates that the balance sheet and financial strength for Y-12 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Y-12 Credit Union has increased its total deposits by $37.24 million, resulting in 6.3% 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 Y-12 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. Y-12 Credit Union has $697.28 million in assets with $63.24 million in equity, resulting in a capitalization level of 9.07%, which is average.

Institution Statistics

Overall
NCUA #6775
Year Chartered1950
Employees222
Primary Regulator
Assets and Liabilities
Assets$697.28 million
Loans$526.87 million
Deposits$628.10 million
Equity Capital$61.65 million
Loan Loss Allowance$1.60 million
Unbacked Noncurrent Loans$639,000
Real Estate Owned$1.05 million
Historic Data - December 2012
Assets$656.06 million
Equity Capital$56.26 million
Loan Loss Allowance$1.93 million
Unbacked Noncurrent Loans$639,000
Real Estate Owned$1.58 million
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.56%
Return on Equity6.3%
Interest Income$20.56 million
Rates

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Y-12 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Health Savings Club
0.10%--Traditional IRA Club
0.10%--Roth IRA Club
0.10%--Education IRA Club
0.10%--Health Savings Checking
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Insurance Club
0.05%--Primary Business Share
0.05%--Secondary Business Share
0.05%--Regular Share

Y-12 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Business Money Market
0.30%$100k-Money Market

Y-12 Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$5k-Premier
0.10%$5k-Classic 55

Y-12 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-60 Month CD
0.75%$100k-36 Month CD
0.75%$100k-Business 36 Month CD
0.70%$100k-25 Month CD
0.70%$100k-Business 25 Month CD
0.55%$100k-24 Month CD
0.55%$100k-Business 24 Month CD
0.40%$100k-13 Month CD
0.40%$100k-Business 13 Month CD
0.35%$100k-12 Month CD
0.35%$100k-Business 12 Month CD
0.20%$100k-6 Month CD
0.20%$100k-Business 6 Month CD
0.15%$100k-3 Month CD
0.15%$100k-Business 3 Month CD

Y-12 Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-60 Month IRA
1.15%$100k-60 Month Roth IRA
0.75%$100k-36 Month IRA
0.70%$100k-25 Month IRA
0.70%$100k-25 Month Roth IRA
0.70%$100k-25 Month CESA
0.55%$100k-24 Month IRA
0.55%$100k-24 Month Roth IRA
0.55%$100k-24 Month CESA
0.40%$100k-13 Month IRA
0.40%$100k-13 Month Roth IRA
0.40%$100k-13 Month CESA
0.35%$100k-12 Month IRA
0.35%$100k-12 Month Roth IRA
0.35%$100k-12 Month CESA
0.20%$100k-6 Month IRA
0.20%$100k-6 Month Roth IRA
0.20%$100k-6 Month CESA
Locations

Y-12 Credit Union has 14 locations. Click to view all Y-12 Credit Union locations.