Overview / Commentary
Collegedale Credit Union is headquartered in Collegedale and is the 60th largest credit union in the state of Tennessee. It is also the 2,477th largest credit union in the nation. It was established in 1952 and as of September of 2019, it had grown to 14 employees and 5,245 members at 1 location. Collegedale Credit Union has a C+ health rating.
Field of Membership Restrictions
Collegedale CU is open to anyone who resides in Collegedale or within the perimeters of the following Tennessee zip codes; 37302, 37211, 37315, 37320, 37323, 37353, 37363, 37364, and 37421, as well as Seventh-Day Adventist members or employees at an affiliated business or institution, along with the immediate family members of current CU members.
See current membership details
Health
C+
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Collegedale Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68167 |
| Year Chartered | 1952 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.08% |
| Return on Equity - YTD | 0.87% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $43.2MM$45.7MM |
| Loans | Q3 2019vs Q3 2018 | $20.8MM$19.5MM |
| Deposits | Q3 2019vs Q3 2018 | $39.1MM$41.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.8MM$3.8MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $33.00K$12.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $251.00K$116.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $20.00K$20.00K |