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Fortera Credit Union

Overview
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Fortera Credit Union is a federal credit union based in Clarksville, Tennessee. It has been opened since 1954, for 66 years.

With around $562,020,000 in assets, Fortera Credit Union is considered to be a very large credit union. It has 9 branches and 9 ATM locations.

About
Address 2050 Lowes Drive
Clarksville, Tennessee 37040
Website http://forteracu.com
Phone (931) 431-6800
Fax (931) 431-4387
CEO Thomas J. Kane
President of the Board J Thomas Denney
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
57,974 members
Membership type: Community credit union
Above average number of members
380:1
Credit union member to staff ratio
380 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$562,024,169
Total assets
Above average
9 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
14.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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9 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
Fortera Credit Union Branch Locations

Fortera Credit Union: Madison Street Branch
2193 Madison Street
Clarksville, Tennessee 37043
ATM Available
Fortera Credit Union: Fort Campbell
88 Michigan Avenue
Fort Campbell, Kentucky 42223
ATM Available
Fortera Credit Union: Dover Crossing Branch
145 Dover Crossing Road
Clarksville, Tennessee 37042
ATM Available
Fortera Credit Union: Hopkinsville Griffin Bell Drive
130 Griffin Bell Drive
Hopkinsville, Kentucky 42240
ATM Available
Fortera Credit Union: Main Office Branch
2050 Lowes Drive
Clarksville, Tennessee 37040
ATM Available
Fortera Credit Union: Hopkinsville Lafayette Road
3225 Lafayette Road
Hopkinsville, Kentucky 42240
ATM Available
Fortera Credit Union: Spring Street Branch
321 North Spring Street
Clarksville, Tennessee 37040
ATM Available
Fortera Credit Union: Tiny Town Branch
500 Heritage Pt
Clarksville, Tennessee 37042
ATM Available
Fortera Credit Union: Hopkinsville Wal-Mart Supercenter
300 Clinic Drive
Hopkinsville, Kentucky 42240
ATM Available
Members
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57,974 members
Membership type: Community credit union
Above average number of members

With 57,974 members, the Fortera Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 92% of credit unions.

Fees
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$107
Average fee per member
The average fee per member at the Fortera 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 Fortera Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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380:1
Credit union member to staff ratio
380 per each FTE employee
Compared to 411:1 nationally
Average number of staff
152 staff members
FTE (full-time equivalent)
8% of employees are part-time
146 full-time, 13 part-time

Fortera Credit Union has 146 full-time staff members and 13 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 92% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Fortera Credit Union has around 380 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$562,024,169
Total assets
Above average
Net worth
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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.
14.3%
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
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$15,058
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 80% of credit unions.

Fortera Credit Union holds a total of $469,070,000 in loans and leases, which is about $15,058 per member on average.

Savings interest rate
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0.20%
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. Fortera Credit Union pays 0.20%.

Loan rates
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14.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.50%
New car loan rate
Compared to 4.0% nationally
7.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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