F A A Federal Credit Union

Overview / Commentary

www.faafcu.org

901-366-0066

3920 Whitebrook Dr
Memphis, TN 38118

F A A Federal Credit Union is headquartered in Memphis and is the 36^th largest credit union in the state of Tennessee. It is also the 1,596^th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 27 employees and 8,617 members at 7 locations. F A A Federal Credit Union's CD rates are 100% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Federal Aviation Administration or several other companies.
See current membership details

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Health

B+

Data as of Q2 2023

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Health Grade Components

Overall
NCUA #	9639
Year Chartered	1954
Employees	27
Primary Regulator

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	9.66%
Annual Interest Income	$2.4MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$129.4MM$138.4MM
Loans	Q2 2023vs Q2 2022	$50.5MM$52.7MM
Deposits	Q2 2023vs Q2 2022	$113.5MM$123.3MM
Equity Capital	Q2 2023vs Q2 2022	$14.9MM$14.3MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$0$805.00K
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$127.00K$26.00K
Real Estate Owned	Q2 2023vs Q2 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

F A A Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	-	-	IRA Share Account
0.40%^*	-	$10k	Holiday Club Account
OTHER TIERS: 0.28% → $10k+
0.34%^*	$100k^*	-	Member Savings Account
OTHER TIERS: 0.23% → Up to $50k \| 0.28% → $50k - $100k

F A A Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%	-	-	Money Market Savings Account

F A A Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.34%^*	$100k^*	-	High Dividend Checking
OTHER TIERS: 0.28% → Up to $100k

F A A Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	$50k^*	-	60 Month Share Certificate
OTHER TIERS: 2.40% → $500 - $50k
2.30%^*	$50k^*	-	48 Month Share Certificate
OTHER TIERS: 2.20% → $500 - $50k
2.10%^*	$50k^*	-	36 Month Share Certificate
OTHER TIERS: 2.00% → $500 - $50k
2.02%^*	$50k^*	-	30 Month Share Certificate
OTHER TIERS: 1.92% → $500 - $50k
1.95%^*	$50k^*	-	24 Month Share Certificate
OTHER TIERS: 1.85% → $500 - $50k
1.87%^*	$50k^*	-	18 Month Share Certificate
OTHER TIERS: 1.77% → $500 - $50k
1.80%^*	$50k^*	-	12 Month Share Certificate
OTHER TIERS: 1.70% → $500 - $50k
1.20%^*	$50k^*	-	6 Month Share Certificate
OTHER TIERS: 1.10% → $500 - $50k
0.65%^*	$50k^*	-	3 Month Share Certificate
OTHER TIERS: 0.55% → $500 - $50k

F A A Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	$50k^*	-	60 Month IRA Certificate
OTHER TIERS: 2.40% → $500 - $50k
2.30%^*	$50k^*	-	48 Month IRA Certificate
OTHER TIERS: 2.20% → $500 - $50k
2.10%^*	$50k^*	-	36 Month IRA Certificate
OTHER TIERS: 2.00% → $500 - $50k
2.02%^*	$50k^*	-	30 Month IRA Certificate
OTHER TIERS: 1.92% → $500 - $50k
1.95%^*	$50k^*	-	24 Month IRA Certificate
OTHER TIERS: 1.85% → $500 - $50k
1.87%^*	$50k^*	-	18 Month IRA Certificate
OTHER TIERS: 1.77% → $500 - $50k
1.80%^*	$50k^*	-	12 Month IRA Certificate
OTHER TIERS: 1.70% → $500 - $50k
1.20%^*	$50k^*	-	6 Month IRA Certificate
OTHER TIERS: 1.10% → $500 - $50k
0.65%^*	$50k^*	-	3 Month IRA Certificate
OTHER TIERS: 0.55% → $500 - $50k

Locations

F A A Federal Credit Union Locations
Branch Office	3920 Whitebrook Dr	Memphis, TN 38118-3717
Branch Office	7974 Centennial Dr	Memphis, TN 38125-2376
Branch Office	8082 Rockcreek Cv	Cordova, TN 38016
Branch Office	3229 Democrat Rd	Memphis, TN 38118
Branch Office	16600 John F Kennedy Blvd	Houston, TX 77032-6514
Branch Office	3182 Tupelo Cmns	Tupelo, MS 38804-9513
Branch Office	901 S Gloster St	Tupelo, MS 38801

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