Overview / Commentary
Patriot Equity Credit Union is headquartered in Jackson and is the 75th largest credit union in the state of Tennessee. It is also the 2,718th largest credit union in the nation. It was established in 1929 and as of September of 2024, it had grown to 6 employees and 2,447 members at 1 location. Patriot Equity Credit Union's money market rates are 4X the national average, but it has a C health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Madison County in Tennessee. Membership is also open to employees of AFLAC, American Roofing, Counter Intelligence, USPS, and over 30 area Select Employer Groups.
See current membership details
Health
C
Data as of Q3 2024
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. Patriot Equity Credit Union has a low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60082 |
| Year Chartered | 1929 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.33% |
| Return on Equity - YTD | -25.15% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $37.2MM$41.5MM |
| Loans | Q3 2024vs Q3 2023 | $27.8MM$33.6MM |
| Deposits | Q3 2024vs Q3 2023 | $33.5MM$36.6MM |
| Equity Capital | Q3 2024vs Q3 2023 | $3.6MM$4.7MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $835K$240K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.1MM$1.2MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |