The West Tennessee Credit Union is a federally insured state credit union based in Memphis, Tennessee. It has been opened since 1967, for 55 years.
With around $17,560,000 in assets, The West Tennessee Credit Union is considered to be a medium size credit union. It has 2 branches and 2 ATM locations.
|Address|| 2521 Fite Road |
Memphis, Tennessee 38127
|CEO||Kenneth E. Newberry|
|President of the Board||Walter Wise|
|Services Offered|| |
With 1,452 members, the The West Tennessee Credit Union is considered to be a small credit union. It is smaller than 73% of credit unions.
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 The West Tennessee Credit Union. Some credit unions tend to charge more fees, while others charge less.
The West Tennessee Credit Union has 6 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 75% of the workforce.
The number of members relative to staff members is an indication of how well staffed the credit union is. The West Tennessee Credit Union has around 207 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.
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.
The West Tennessee Credit Union holds a total of $11,920,000 in loans and leases, which is about $11,269 per member on average.
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. The West Tennessee Credit Union pays 0.25%.