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Tenn-Am Water Company Credit Union

Overview
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Tenn-Am Water Company Credit Union is a federal credit union based in Chattanooga, Tennessee. It has been opened since 1935, for 85 years.

With around $2,710,000 in assets, Tenn-Am Water Company Credit Union is considered to be a small credit union.

About
Address 4321 Ringgold Rd, Ste.113
Chattanooga, Tennessee 37412
Phone (423) 855-8466
Fax (423) 892-1067
CEO Virginia B. Scealf
President of the Board Kathleen Vaughn
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
427 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
427:1
Credit union member to staff ratio
427 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$2,708,749
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 3 in Tennessee
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
Branches
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0 branches
Compared with an average of 4 nationally and 3 in Tennessee
Average number of branches
Tenn-Am Water Company Credit Union Branch Locations

Tenn-Am Water Company Credit Union: Tn-Am Water Credit Union
4321 Ringgold Road
Ste.113
Chattanooga, Tennessee 37412
No ATM
Members
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427 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 427 members, the Tenn-Am Water Company 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
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$12
Average fee per member
The average fee per member at the Tenn-Am Water Company Credit Union is $12, which is low compared to most credit unions. This rate is lower than 79% 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 Tenn-Am Water Company Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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427:1
Credit union member to staff ratio
427 per each FTE employee
Compared to 411:1 nationally
Fewer staff
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

Tenn-Am Water Company Credit Union has 0 full-time staff members and 2 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. Tenn-Am Water Company Credit Union has around 427 members per staff, a higher ratio compared to other credit unions.

Assets
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$2,708,749
Total assets
Below 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.
29.9%
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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$8,457
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 66% of credit unions.

Tenn-Am Water Company Credit Union holds a total of $1,920,000 in loans and leases, which is about $8,457 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. Tenn-Am Water Company Credit Union pays 0.20%.

Loan rates
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7.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.20%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.25%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
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