Employee Resources Credit Union is headquartered in LAWRENCEBURG and is the 36th largest credit union in the state of Tennessee. It is also the 1,659th largest credit union in the nation. It was established in 1964 and as of December of 2019, it had grown to 41 employees and 16,974 members at 3 locations. Employee Resources Credit Union's CD rates are 23% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Employees Resources Credit Union of Tennessee is open to the residents, church members, registered students, and people maintaining employment in these eligible counties: Lawrence, Giles, Wayne, and Henderson.
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 Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67789 |
| Year Chartered | 1964 |
| Employees | 41 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.72% |
| Return on Equity - YTD | 8.71% |
| Annual Interest Income | $4.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $97.0MM$83.6MM |
| Loans | Q4 2019vs Q4 2018 | $73.6MM$62.6MM |
| Deposits | Q4 2019vs Q4 2018 | $89.0MM$76.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.8MM$7.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $848.00K$1.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $702.00K$778.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |