Overview / Commentary
Patriot Equity Credit Union is headquartered in Jackson and is the 74th largest credit union in the state of Tennessee. It is also the 2,759th largest credit union in the nation. It was established in 1929 and as of December of 2022, it had grown to 10 employees and 2,698 members at 1 location. Patriot Equity Credit Union has a B 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
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. Patriot Equity Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60082 |
| Year Chartered | 1929 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 8.38% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $38.3MM$33.0MM |
| Loans | Q4 2022vs Q4 2021 | $30.2MM$24.0MM |
| Deposits | Q4 2022vs Q4 2021 | $33.5MM$28.6MM |
| Equity Capital | Q4 2022vs Q4 2021 | $4.6MM$4.2MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $171.00K$131.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $776.00K$389.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |