B
Tennessee Employees Credit Union
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 18.5 and a net worth ratio of 18.5. A current level of 2.4 percent of nonperforming loans to core capital combined with 1.7 percent from a year earlier contributes to the Excellent asset quality (9.7).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.6 on a scale of 0 to 10). Good liquidity 6.0, driven by a liquidity ratio of 39.5 percent and a “hot money” ratio of 10.1 percent.
Asset Mix: Consumer loans (37%), home mtgs (8%), other (55%)
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Corporate Info
Address
220 French Landing Drive
Nashville, TN 37243
Phone Number
(615) 741-2142
NCUA Charter Number
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