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Kennedy Va Employees Credit Union
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Kennedy Va Employees Credit Union Share
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Overview Share
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Kennedy Va Employees Credit Union is a federal credit union based in Memphis, Tennessee. It has been opened since 1948, for 74 years.

With around $22,470,000 in assets, Kennedy Va Employees Credit Union is considered to be an average size credit union.

About Share
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Address 1030 Jefferson Avenue
Memphis, Tennessee 38104
Website http://www.kennedyvaefcu.org
Phone (901) 523-8990
CEO Gary M. Irwin
President of the Board Genwyl Glover
Services Offered
Score Card Share
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74 years
Years in business
Opened in 1948
Well Capitalized
Net worth classification
Source: NCUA
2,741 members
Membership type: Service – health care
Average number of members
343:1
Credit union member to staff ratio
343 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$22,473,319
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Tennessee
Average number of branches
0.24%
Savings interest rate
Compared to 0.3% nationally
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Tennessee
Average number of branches
Kennedy Va Employees Credit Union Branch Locations

Kennedy Va Employees Federal Credit Union
1030 Jefferson Avenue
Memphis, Tennessee 38104
No ATM
Members Share
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2,741 members
Membership type: Service – health care
Average number of members

With 2,741 members, the Kennedy Va Employees Credit Union is considered to be a medium size credit union. It is larger than 43% of credit unions.

Fees Share
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$82
Average fee per member
The average fee per member at the Kennedy Va Employees Credit Union is $82, which is high compared to most credit unions. This rate is higher than 75% 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 Kennedy Va Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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343:1
Credit union member to staff ratio
343 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
8 staff members
FTE (full-time equivalent)
0% of employees are part-time
8 full-time, 0 part-time

Kennedy Va Employees Credit Union has 8 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. Kennedy Va Employees Credit Union has around 343 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$22,473,319
Total assets
Average size
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.
13.4%
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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$7,967
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 70% of credit unions.

Kennedy Va Employees Credit Union holds a total of $13,060,000 in loans and leases, which is about $7,967 per member on average.

Savings interest rate Share
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0.24%
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. Kennedy Va Employees Credit Union pays 0.24%.

Loan rates Share
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12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.16%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.84%
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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2.86%
New car loan rate
Compared to 4.0% nationally
4.39%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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