F A A Federal Credit Union

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A short history of F A A FCU

Since its inception in 1954 the F A A Federal Credit Union has been serving its members in the Memphis, 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 R. Todd Vanderpool, the F A A FCU has grown its membership to over 9,726 with assets of more than $110,561,839. They have a main office and 7 branch offices. Please see the credit unions website or contact them by phone at (901) 366-0066 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 Memphis, TN.

General Information For F A A FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 9639
Address 3920 Whitebrook Dr 
City Memphis 
State Tennessee 
Zip-Code 38118
Phone Number (901) 366-0066
Fax Number (901) 366-0278
Email Address: none
CEO/President R. Todd Vanderpool
Members 9,726 
Full-Time Employees 32 
Part-Time Employees
Number of Branch Offices
Total Assets 110,561,839 
Website http://www.faafcu.org 

Compare F A A Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
I Trust CU iTrust FCU 5333 Getwell RD 38181 (901) 362-7211 No 1.23
Kemba Delta CU Kemba Delta FCU 3108 N Germantown Rd 38133 (901) 795-9055 No 2.58
Fedex Employees Credit Association CU Pittsburgh 1000 Fed Ex Dr 15108 (412) 859-2532 No 4.16
Cn/ic Employees CU CN/IC EMPLOYEES CREDIT UNION 2005 NONCONNAH BLVD Ste 7 38132 (901) 332-2686 No 4.49
Ups Employees CU UPS ECU 1814 E Brooks Rd 38116 (901) 396-2132 No 4.49

F A A Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

F A A Federal 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 10.14 3.12 3.87 4.26 4.15
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 265 158 187 175 121
Rank Among All Tennessee Credit Unions 25 36 23 30 11

F A A Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.17 0.05 0.10 0.41 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 105 143 134 281 243
Rank Among All Tennessee Credit Unions 8 20 22 38 34
F A A Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.1401,1223,123,884
All Other Unsecured Loans/Lines of Credit 8.7501,0463,472,569
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.1204177,901,391
Used Vehicle Loans 3.8708548,676,036
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.26014813,431,561
Total Other Real Estate Loans/Lines of Credit 4.150702,566,031
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.2502934,509,289
TOTAL LOANS & LEASES 3,95043,680,761

F A A Federal 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 355,684,2723305,600
    b. 15 Years or less 776,403,10081,154,416
    a. > 15 years 2261,81500
    b. 15 Years or less 115,51700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 331,066,857120,000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 271,478,5916317,490
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 431,087,44000
Open-End Fixed Rate 0000
TOTALS 21815,997,592181,797,506


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

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