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 37th largest credit union in the state of Tennessee. It is also the 1,750th largest credit union in the nation. It was established in 1964 and as of March of 2019, it had grown to 38 employees and 16,159 members at 3 locations. Employee Resources Credit Union's CD rates are 2X 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.
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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
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.98%
Annual Interest Income$975.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$88.1MM$87.6MM
LoansQ1 2019vs Q1 2018$62.3MM$62.0MM
DepositsQ1 2019vs Q1 2018$80.1MM$80.0MM
Equity CapitalQ1 2019vs Q1 2018$7.2MM$7.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.1MM$1.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$273.00K$397.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$133.00K
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
2.42%$5k-18 Month CD
2.12%$5k-1 Year CD
1.51%$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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