Fortera Federal Credit Union
Headquarters
2050 Lowes Dr
Clarksville, TN 37040
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2024 Overview
General Credit Union Information
Fortera is an NCUA insured institution located in Clarksville, TN. It was founded in 1954 and has approximately $875.52 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9759 |
| Date Established | 1954 |
| Assets | $875.52 million |
| Loans | $664.77 million |
| Deposits | $694.79 million |
| Capital | $102.29 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Montgomery or Stewart counties in Tennessee or Christian, Trigg or Todd counties in Kentucky.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| ChangeUp
|
1.50% | $0 | $2,000 |
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|
| Share
|
0.10% | $50 | - |
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|
| ChangeUp
|
0.15% | $2,001 | - |
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|
|
Money Market
|
0.20% | $2,500 | $9,999 |
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|
|
Money Market
|
0.20% | $10,000 | $24,999 |
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|
|
Money Market
|
0.40% | $25,000 | $49,999 |
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|
|
Money Market
|
0.40% | $50,000 | $74,999 |
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|
|
Money Market
|
0.50% | $75,000 | $99,999 |
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|
|
Money Market
|
0.50% | $100,000 | - |
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|
|
Premium Money Market Account
|
0.20% | $0 | $24,999 |
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|
|
Premium Money Market Account
|
1.25% | $25,000 | $49,999 |
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|
|
Premium Money Market Account
|
1.50% | $50,000 | $99,999 |
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|
|
Premium Money Market Account
|
1.75% | $100,000 | $249,999 |
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|
|
Premium Money Market Account
|
3.00% | $250,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month
|
2.00% | $1,000 | - |
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|
| 12 Month Access
|
4.65% | $25 | - |
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|
| 12 Month
|
4.75% | $1,000 | - |
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|
| 18 Month
|
5.35% | $1,000 | - |
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|
| 24 Month
|
4.15% | $1,000 | - |
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|
| 36 Month
|
4.15% | $1,000 | - |
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|
| 48 Month
|
4.15% | $1,000 | - |
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|
| 60 Month
|
4.15% | $1,000 | - |
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|
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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 |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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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 Fortera
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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:
Columbus,Ohio
Climate Policy and Initiatives
FORTERA 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
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 |
|---|---|
| 13.13% | 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, Fortera had $13,027,755 in non-current loans and $837,966 in owned assets. To cover these potential losses it had $102,292,198 in net worth and $3,309,781 in loans loss reserves. That gives it a Texas Ratio of 13.13%.
Net Worth
| Fortera | U.S. Average |
|---|---|
| 11.65% | 13.62% |
Fortera FCU has a net worth of 11.65% 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 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.
Is this review helpful? Yes:2 / No: 0
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