Overview / Commentary
Outreach Federal Credit Union is headquartered in Hermitage and is the 85th largest credit union in the state of Tennessee. It is also the 3,064th largest credit union in the nation. It was established in 1953 and as of December of 2022, it had grown to 6 employees and 1,856 members at 1 location. Outreach Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Outreach Federal Credit Union is open to businesses and anyone who lives, works, worships, or goes to school in Davidson County.
See current membership details
Health
B+
Data as of Q4 2022
Learn why bank health mattersAdditional 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. Outreach Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8922 |
| Year Chartered | 1953 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 3.67% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $28.9MM$28.1MM |
| Loans | Q4 2022vs Q4 2021 | $16.4MM$14.5MM |
| Deposits | Q4 2022vs Q4 2021 | $25.6MM$24.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $3.2MM$3.1MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $187.00K$203.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $32.00K$22.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |