Trust Federal Credit Union is headquartered in Chattanooga and is the 41st largest credit union in the state of Tennessee. It is also the 1,800th largest credit union in the nation. It was established in 1934 and as of June of 2021, it had grown to 26 employees and 9,569 members at 3 locations. Trust Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in downtown Chattanooga. Membership is also available to members of the Chattanooga Audobon Society and employees of CIGNA, UNUM, or WestRock.
See current membership details
Nice credit union
I opened an account with this credit union when I became a Cigna employee. I only had a small savings account originally, but they were always helpful with my questions regarding saving bonds, certificates, etc. I then opened a money market checking with them because it was free. Several years later I bought my first brand new car. This CU gave me a fabulous rate on a car loan and made the entire process very easy. Fast forward three more years and I wanted to re-fi my home. I worked with a loan officer over the phone and it was seamless. She was so nice and professional and I never had to go in to the office. She sent everything via email. This was wonderful service by this credit union employee. I cannot say enough about them. Also, when I call I get a real person that is always very helpful. They rock!!
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24629 |
| Year Chartered | 1934 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 10.29% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $100.0MM$94.3MM |
| Loans | Q2 2021vs Q2 2020 | $74.1MM$67.3MM |
| Deposits | Q2 2021vs Q2 2020 | $91.0MM$86.0MM |
| Equity Capital | Q2 2021vs Q2 2020 | $8.3MM$7.7MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $562.00K$567.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $402.00K$786.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $83.00K$0 |