Employee Resources Credit Union is headquartered in LAWRENCEBURG and is the 36th largest credit union in the state of Tennessee. It is also the 1,627th largest credit union in the nation. It was established in 1964 and as of June of 2020, it had grown to 43 employees and 17,301 members at 3 locations. Employee Resources Credit Union has a B+ 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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67789 |
| Year Chartered | 1964 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 6.4% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $110.2MM$88.6MM |
| Loans | Q2 2020vs Q2 2019 | $77.0MM$67.2MM |
| Deposits | Q2 2020vs Q2 2019 | $101.9MM$80.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $8.0MM$7.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $674.00K$1.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $615.00K$551.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |