Employee Resources Credit Union


Overview / Commentary
931-766-9288
2135 N Locust Ave.
Lawrenceburg, TN 38464

Employee Resources Credit Union is headquartered in LAWRENCEBURG and is the 38th largest credit union in the state of Tennessee. It is also the 1,741st largest credit union in the nation. It was established in 1964 and as of June of 2019, it had grown to 39 employees and 16,463 members at 3 locations. Employee Resources Credit Union's CD rates are 3X 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

Reviews (1)

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.



Health
B+
Additional 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. Employee Resources Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #67789
Year Chartered1964
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD8.3%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$88.6MM$86.1MM
LoansQ2 2019vs Q2 2018$67.2MM$61.9MM
DepositsQ2 2019vs Q2 2018$80.3MM$78.6MM
Equity CapitalQ2 2019vs Q2 2018$7.4MM$6.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.0MM$1.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$551.00K$678.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Employee Resources Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Regular Share Account
0.30%--Christmas Club Account

Employee Resources Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.83%$5k-2 Year CD
2.57%$5k-18 Month CD
2.42%$5k-1 Year CD
1.61%$5k-182 Day CD
0.50%$500-90 Day Investment Account
Locations


Employee Resources Credit Union Locations
Branch Office1700 W College StPulaski, TN 38478-5213
Branch Office321 Dexter L Woods Memorial Blvd Ste AWAYNESBORO, TN 38485-2418
Branch Office330 W Church StLexington, TN 38351-2018

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