Memorial Credit Union

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A short history of Memorial CU

Since its inception in 1959 the Memorial Credit Union has been serving its members in the CHATTANOOGA, 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 Carol Underwood, the Memorial CU has grown its membership to over 1,701 with assets of more than $7,797,311. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (423) 855-1770 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CHATTANOOGA, TN.

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

Charter Number 63802
Address 6800 LONGVIEW RD 
State Tennessee 
Zip-Code 37421
Phone Number (423) 855-1770
Fax Number (423) 855-0963
Email Address:
CEO/President Carol Underwood
Members 1,701 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 7,797,311 

Compare Memorial Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Basf Chattanooga CU BASF Federal CU 2120 Polymer Dr 37421 (423) 892-2938 No 2.43
Chattanooga Federal Employees CU Chattanooga Federal Employees Credit Union 2011 Stein Dr 37422 (423) 892-3738 No 2.47
I B E W 175 CU IBEW175 FEDERAL CREDIT UNION 3922 VOLUNTEER DR STE 11 37416 (423) 899-1017 No 3.81
Tenn-am Water Co. CU TN-Am Water CU 4827 Highway 58 37416 (423) 855-8466 No 4.64
Collegedale CU Corporate Office 5046 University Drive 37315 (423) 396-2101 No 6.13

Memorial Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Memorial 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 15.00 3.29 4.29 3.50 6.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 521 180 238 72 341
Rank Among All Tennessee Credit Unions 46 41 30 13 31

Memorial Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 N/A 0.06 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 N/A 339 N/A
Rank Among All Tennessee Credit Unions 13 20 N/A 49 N/A
Memorial Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 15.000219477,319
All Other Unsecured Loans/Lines of Credit 8.990164399,285
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.29044858,349
Used Vehicle Loans 4.2901261,454,656
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.5003149,776
Total Other Real Estate Loans/Lines of Credit 6.000136,349
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.00032358,661
TOTAL LOANS & LEASES 5893,734,395

Memorial 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 0000
    b. 15 Years or less 3149,77600
    a. > 15 years 0000
    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 0000
Open-End Fixed Rate 136,34900
TOTALS 4186,12500


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

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