Fortera Federal Credit Union
2050 Lowes Dr
Clarksville, TN 37040
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2021 Overview
General Credit Union Information
Fortera is an NCUA insured institution located in Clarksville, TN. It was founded in 1954 and has approximately $708.13 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9759 |
| Date Established | 1954 |
| Assets | $708.13 million |
| Loans | $508.87 million |
| Deposits | $602.08 million |
| Capital | $90.72 million |
Field of Membership Restrictions
Deposit Rates - December 2, 2021
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.10% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.20% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - December 2, 2021
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for FORTERA
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 541760 |
3.021% | 2.950% | 0.88 | $2,292 | $1,048 | Learn More |
NMLS ID: 3030 |
3.620% | 3.500% | 1.00 | $3,750 | $1,123 | Learn More |
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
|
NMLS ID: 3030 |
3.620% | 3.500% | 1.00 | $3,750 | $1,123 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Flagstar Bank-Heloc See Table |
4.990 %
|
$0 |
Learn More
More Info |
Note to FORTERA
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Fortera 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:
Ashburn,Virginia
Climate Initiatives
FORTERA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Fortera Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Fortera. 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
| Fortera | U.S. Average |
|---|---|
| 2.99% | 3.79 |
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 June 30, 2021, Fortera had $2,481,808 in non-current loans and $291,866 in owned assets. To cover these potential losses it had $90,721,401 in net worth and $2,195,607 in loans loss reserves. That gives it a Texas Ratio of 2.99%.
Net Worth
| Fortera | U.S. Average |
|---|---|
| 12.81% | 12.22% |
Fortera FCU has a net worth of 12.81% versus the BestCashCow average of 12.22. 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 FORTERA
Tracey Mayberry
February 29, 2020
After being part of this credit union for many years have am closing my accounts. I deposited a very large check from an estate account they told me they needed to put a hold. No problem. The time is up. Called the main branch they agreed with me but said only the branch that put the hold on can do anything they have me the run around. My guess is they want to make money from my money. This cr credit union was ok until I came into real money. I asked several times what law said they can do this they could not answer.
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