Overview / Commentary
800-833-6805
1 LifeWay Plaza Ste 20
Nashville, TN 37234-1003

LifeWay Credit Union is headquartered in Nashville and is the 60th largest credit union in the state of Tennessee. It is also the 2,458th largest credit union in the nation. It was established in 1954 and as of December of 2018, it had grown to 8 employees and 3,495 members at 1 location. LifeWay Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees or retirees of Lifeway Christian Resources, Southern Baptist Ethics and Religious Liberty Commission, Southern Baptist Historical Library and Archives, Executive Committee of the Southern Baptist Convention, Southern Baptist Foundation of the Southern Baptist Convention, Seminary Extension,
See current membership details

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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. LifeWay Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #68172
Year Chartered1954
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.71%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$43.7MM$43.8MM
LoansQ4 2018vs Q4 2017$24.0MM$23.0MM
DepositsQ4 2018vs Q4 2017$38.7MM$39.1MM
Equity CapitalQ4 2018vs Q4 2017$4.7MM$4.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$315.00K$524.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$129.00K$320.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LifeWay Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%*$100k*-PlatinumPlus Share Savings
OTHER TIERS: 0.25% Up to $10k | 1.00% $10k - $50k | 1.10% $50k - $100k
0.80%--IRA Share Savings
0.45%$10k-Platinum Share Savings
0.25%$25-Regular Share Savings
0.25%--Club Share Savings

LifeWay Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$1k$100k60 Month Share Certificate
2.78%$1k$100k48 Month Share Certificate
2.52%$1k$100k36 Month Share Certificate
2.32%$1k$100k24 Month Share Certificate
1.91%$1k$100k12 Month Share Certificate
1.91%$1k$100k18 Month Share Certificate
1.61%$1k$100k6 Month Share Certificate
1.61%$1k$100k9 Month Share Certificate
0.30%$1k$100k3 Month Share Certificate
Locations


LifeWay Credit Union Locations
Branch Office1 LifeWay Plz Ste 20Nashville, TN 37234-1001

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