Eastman Credit Union is headquartered in Kingsport and is the largest credit union in the state of Tennessee. It is also the 33rd largest credit union in the nation. It was established in 1934 and as of December of 2024, it had grown to 1,069 employees and 343,751 members at 30 locations. Eastman Credit Union's CD rates are 5X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Eastman Credit Union is open to those who live, work, worship, attend school, or operate a business in the Tennessee counties of Carter, Cocke, Grainger, Greene, Hamblen, Hancock, Hawkins, Jefferson, Johnson, Sevier, Sullivan, Unicol, or Washington; the Virginia counties of Buchanan, Dickenson, Lee, Russell, Scott, Washington, or Wise; or the Texas counties of Gregg or Harrison. Those who regularly work in the healthcare industry in the Virginia counties of Smyth or Tazewell also qualify for membership. Employees of 80 Sponsor Companies and Approved Contractors, including Eastman Chemical Company, are eligible to join. Immediate family members of anyone eligible to join qualify for membership.
See current membership details
Kudos To ECU
I was very disappointed during the recent interest rate increases to see ECU lag the competition by so much. You are now blowing away many of your peers on your long term rates. Thankful for the turnaround! Great to do business with a credit union in the area that is so professional and dependable. Knoxville TVA Credit Union could take many lessons by watching how you operate. Take notice Kelly Price your Gate City ECU branch sets the standard!
Eastman Credit Union’S Long Term CD Rates Among Nation’S Bottom
ECU has always stood head & shoulders above all concerning their customers and doing what is right for decades. I’ve been a member for over 41 years. However they are turning their back on the savers that keeps this credit union strong. I describe their long term cd rates as dismal. Try less advertising and maybe bring our old CEO back. When 5-7 year rates can be found across the country for 3.45% - 4% you ought to be embarrassed!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68095 |
| Year Chartered | 1934 |
| Employees | 1069 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.48% |
| Return on Equity - YTD | 10.67% |
| Annual Interest Income | $454.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $9.1B$8.02B |
| Loans | Q4 2024vs Q4 2023 | $7.5B$6.93B |
| Deposits | Q4 2024vs Q4 2023 | $7.76B$6.82B |
| Equity Capital | Q4 2024vs Q4 2023 | $1.25B$1.11B |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $39.8MM$33.7MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $15.9MM$15.6MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $545K$356K |
