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Tayco Employees Credit Union
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Tayco Employees Credit Union Share
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Overview Share
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Tayco Employees Credit Union is a federal credit union based in South Shore, Kentucky. It has been opened since 1955, for 67 years.

With around $2,710,000 in assets, Tayco Employees Credit Union is considered to be a small credit union.

About Share
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Address P.O. Box 762
South Shore, Kentucky 41175
Phone (606) 932-4774
Fax (606) 932-4774
CEO Sylvia E. Quillen
President of the Board Charles Hannah
Services Offered
Score Card Share
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67 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
422 members
Membership type: Manufacturing – machinery
Below average number of members
281:1
Credit union member to staff ratio
281 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$2,711,080
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Kentucky
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Kentucky
Average number of branches
Tayco Employees Credit Union Branch Locations

Tayco Employees Federal Credit Union
447 Nelroy Road
South Shore, Kentucky 41175
No ATM
Members Share
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422 members
Membership type: Manufacturing – machinery
Below average number of members

With 422 members, the Tayco Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 92% of credit unions.

Fees Share
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$4
Average fee per member
The average fee per member at the Tayco Employees Credit Union is $4, which is very low compared to most credit unions. This rate is lower than 88% of all credit unions.
Fees are lower 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 Tayco Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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281:1
Credit union member to staff ratio
281 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 3 part-time

Tayco Employees Credit Union has 0 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tayco Employees Credit Union has around 281 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$2,711,080
Total assets
Below 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.
35.1%
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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$6,308
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 83% of credit unions.

Tayco Employees Credit Union holds a total of $730,000 in loans and leases, which is about $6,308 per member on average.

Savings interest rate Share
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0.15%
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. Tayco Employees Credit Union pays 0.15%.

Loan rates Share
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7.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.15%
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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3.00%
New car loan rate
Compared to 4.0% nationally
5.00%
Used car loan rate
Compared to 5.2% nationally

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