UT Federal Credit Union is headquartered in Knoxville and is the 17th largest credit union in the state of Tennessee. It is also the 775th largest credit union in the nation. It was established in 1969 and as of June of 2022, it had grown to 78 employees and 25,752 members at 8 locations. UT Federal Credit Union's CD rates are 67% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in UT Federal Credit Union is open to individuals who live, work, worship, attend school, regularly conduct business or volunteer in the Tennessee counties of Anderson, Blount, Knox, Loudon, or Union. Family members of current UT Federal Credit Union are also eligible to join.
See current membership details
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Great Experience with University of Tennessee Credit Union
I have been banking with UTFCU for 7 years now. I have had nothing but good experiences. When it comes to customer service, they are fantastic. I had an "unusual" charge go through my account that didn't match my normal spending patterns in 2016. I was a college student at the time and they didn't think I would be spending more than $1,000 at a mall in a city I had never visited before. They were exactly right. I was personally contacted by a representative from the bank to inquire about the charges. When I confirmed their suspicions of the fraudulent charge, they immediately suspended my debit card and put a hold on both my checking and saving accounts. I was able to handle everything over the phone to remove those charges and received a new debit card in the mail three days later. All the representatives I have ever dealt with have been kind and professional. Finances can be overwhelming for a young adult. It's nice to know that support is there just down the street at my credit union. Their mobile deposits for checks is very user friendly and their 24 hour ATM is also extremely useful.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19448 |
| Year Chartered | 1969 |
| Employees | 78 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 11.13% |
| Annual Interest Income | $6.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $435.2MM$405.8MM |
| Loans | Q2 2022vs Q2 2021 | $350.8MM$301.7MM |
| Deposits | Q2 2022vs Q2 2021 | $396.1MM$364.6MM |
| Equity Capital | Q2 2022vs Q2 2021 | $36.9MM$37.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $437.00K$569.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |