Clinchfield Federal Credit Union
Headquarters
P.o. Box 310
Erwin, TN 37650
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2024 Overview
General Credit Union Information
Clinchfield is an NCUA insured institution located in Erwin, TN. It was founded in 1947 and has approximately $121.6 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5549 |
| Date Established | 1947 |
| Assets | $121.60 million |
| Loans | $59.41 million |
| Deposits | $108.02 million |
| Capital | $14.51 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Unicoi County, parts of Washington County, Sullivan County, Carter County or Johnson County in Tennessee or parts of Madison or Mitchell County in North Carolina. Also open to employees of several Select Employee Groups.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Clinchfield
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1429043 License#: RM.804500.000 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.905% | 6.750% | 1.00 | $5,094 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Clinchfield
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Branches
Below are Clinchfield branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CLINCHFIELD is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Clinchfield Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Clinchfield. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Clinchfield | U.S. Average |
|---|---|
| 4.56% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Clinchfield had $676,930 in non-current loans and $800 in owned assets. To cover these potential losses it had $14,508,026 in net worth and $348,706 in loans loss reserves. That gives it a Texas Ratio of 4.56%.
Net Worth
| Clinchfield | U.S. Average |
|---|---|
| 11.93% | 13.62% |
Clinchfield FCU has a net worth of 11.93% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Clinchfield
Shelly
July 25, 2021
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