Employee Resources Credit Union is headquartered in LAWRENCEBURG and is the 33rd largest credit union in the state of Tennessee. It is also the 1,541st largest credit union in the nation. It was established in 1964 and as of March of 2022, it had grown to 43 employees and 19,285 members at 3 locations. Employee Resources Credit Union has an A health rating.
Field of Membership Restrictions
Employee Resources Credit Union is open to those who live, work, worship, or attend school in Giles, Henderson, Lawrence, or Wayne counties.
See current membership details
Bad Customer Service
They only check their mail once a month, so expect constant late fees. They won't get with the times, so no way to pay online on their website or over the phone.
If you're struggling and get behind, they won't work with you. They just hire a lawyer and threaten to send you to jail.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67789 |
| Year Chartered | 1964 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 10.79% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $140.7MM$127.1MM |
| Loans | Q1 2022vs Q1 2021 | $94.0MM$85.3MM |
| Deposits | Q1 2022vs Q1 2021 | $128.8MM$118.4MM |
| Equity Capital | Q1 2022vs Q1 2021 | $11.5MM$8.5MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $445.00K$493.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $233.00K$149.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |