Employee Resources Credit Union

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A short history of Employee Resources CU

Since its inception in 1964 the Employee Resources Credit Union has been serving its members in the LAWRENCEBURG, Tennessee area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Konda Bowling, the Employee Resources CU has grown its membership to over 14,687 with assets of more than $87,745,575. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (931) 766-9288 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LAWRENCEBURG, TN.

General Information For Employee Resources CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67789
Address P O BOX 987 
State Tennessee 
Zip-Code 38464
Phone Number (931) 766-9288
Fax Number (931) 762-0583
Email Address: none
CEO/President Konda Bowling
Members 14,687 
Full-Time Employees 40 
Part-Time Employees
Number of Branch Offices
Total Assets 87,745,575 
Website http://www.ercu.org 

Compare Employee Resources Credit Union To Other Local Credit Unions

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Employee Resources Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Employee Resources Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.99 5.25 6.50 5.50 5.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 340 424 499 324 260
Rank Among All Tennessee Credit Unions 29 75 69 53 23

Employee Resources Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.30 N/A 0.75 2.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 88 N/A 215 49
Rank Among All Tennessee Credit Unions N/A 7 N/A 21 2
Employee Resources Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.9901,3833,750,820
All Other Unsecured Loans/Lines of Credit 12.0002,1283,530,937
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.2503467,287,275
Used Vehicle Loans 6.5003,80538,106,175
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.5001437,415,164
Total Other Real Estate Loans/Lines of Credit 5.25011255,747
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.2503642,771,707
TOTAL LOANS & LEASES 8,18063,117,825

Employee Resources Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 402,622,3517469,500
    b. 15 Years or less 782,703,7154162,700
    a. > 15 years 252,089,09800
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 11255,747120,000
Open-End Fixed Rate 0000
TOTALS 1547,670,91112652,200


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Employee Resources Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes