Enrichment Federal Credit Union
Enrichment Federal Credit Union is headquartered in OAK RIDGE and is the 10th largest credit union in the state of Tennessee. It is also the 534th largest credit union in the nation. It was established in 1950 and as of June of 2023, it had grown to 125 employees and 45,343 members at 9 locations. Enrichment Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Enrichment Federal Credit Union membership is open to those who live, work, attend school, or worship in the Tennessee counties of Anderson, Blount, Claiborne, Knox, Loudon, Roane, Scott, or Union.
See current membership details
Excellent Credit Union
I have been a member at Enrichment Federal Credit Union for the last 35 years and have been extremely satisfied with the service provided. I have used all locations at least once and the service received is the same no matter where I go. I appreciate the consistency. Their mobile app and online banking are one of the best around and most user friendly that I have seen. Thank you Enrichment for the quality service! I can't imagine banking anywhere else.
Excellent Member Service
The employees of Enrichment have always gone above and beyond any expected service that I may have needed over the years. As a member who now lives out of state, I may have some issues from time to time arise, and they are always ready to help me when I ask, whether it be a need to explain a transaction or something as simple as resetting my online banking. I highly recommend EFCU!
Would Not Recommend. The CEO Is Abusive
Would not recommend. The CEO is abusive and uncaring.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6778 |
| Year Chartered | 1950 |
| Employees | 125 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.99% |
| Return on Equity - YTD | 19.08% |
| Annual Interest Income | $14.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $783.3MM$795.4MM |
| Loans | Q2 2023vs Q2 2022 | $613.1MM$529.1MM |
| Deposits | Q2 2023vs Q2 2022 | $698.3MM$723.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $81.4MM$68.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $533.00K$379.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.0MM$3.0MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |