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Employee Resources Credit Union
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Employee Resources Credit Union Share
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Overview Share
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Employee Resources Credit Union is a federally insured state credit union based in Lawrenceburg, Tennessee. It has been opened since 1964, for 58 years.

With around $83,590,000 in assets, Employee Resources Credit Union is considered to be a large credit union. It has 4 branches and 5 ATM locations.

About Share
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Address P.O. Box 987
Lawrenceburg, Tennessee 38464
Website http://www.ercu.org
Phone (931) 766-9288
Fax (931) 762-0583
CEO Konda D. Bowling
President of the Board Marie Hurren
Services Offered
Score Card Share
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58 years
Years in business
Opened in 1964
Well Capitalized
Net worth classification
Source: NCUA
16,088 members
Membership type: State chartered natural person credit union
Above average number of members
435:1
Credit union member to staff ratio
435 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$83,586,338
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
10.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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4 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
Employee Resources Credit Union Branch Locations

Employee Resources Credit Union: Pulaski Branch
1700 W. College Street
Pulaski, Tennessee 38478
ATM Available
Employee Resources Credit Union: Waynesboro Branch Office
321 Dexter L. Woods Memorial Boulevard Suite A.
Waynesboro, Tennessee 38485
ATM Available
Employee Resources Credit Union: Lexington Branch
330 W. Church Street
Lexington, Tennessee 38351
ATM Available
Members Share
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16,088 members
Membership type: State chartered natural person credit union
Above average number of members

With 16,088 members, the Employee Resources Credit Union is considered to be a large credit union. It is larger than 78% of credit unions.

Fees Share
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$107
Average fee per member
The average fee per member at the Employee Resources Credit Union is $107, which is very high compared to most credit unions. This rate is higher than 87% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Employee Resources Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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435:1
Credit union member to staff ratio
435 per each FTE employee
Compared to 411:1 nationally
Fewer staff
37 staff members
FTE (full-time equivalent)
0% of employees are part-time
37 full-time, 0 part-time

Employee Resources Credit Union has 37 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Employee Resources Credit Union has around 435 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$83,586,338
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$7,975
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 70% of credit unions.

Employee Resources Credit Union holds a total of $62,600,000 in loans and leases, which is about $7,975 per member on average.

Savings interest rate Share
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0.03%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Employee Resources Credit Union pays 0.03%.

Loan rates Share
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10.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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5.25%
New car loan rate
Compared to 4.0% nationally
6.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Employee Resources Credit Union: Waynesboro Branch Office
Credit Union Branch: 321 Dexter L. Woods Memorial Boulevard Suite A.
Waynesboro, Tennessee 38485 ATM Available
Employee Resources Credit Union: Lexington Branch
Credit Union Branch: 330 W. Church Street
Lexington, Tennessee 38351 ATM Available
ATM
Credit Union ATM: 1604 Remke Avenue
Lawrenceburg, Tennessee 38464
Employee Resources Credit Union: Pulaski Branch
Credit Union Branch: 1700 W. College Street
Pulaski, Tennessee 38478 ATM Available
Employee Resources Credit Union: Pulaski Branch ATM
Credit Union ATM: 1700 W. College Street
Pulaski, Tennessee 38478