Electric Service Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

2340 Jackson Downs Blvd, Nashville, TN 37214

Website

(615) 687-4801

Data Source: NCUA, December 31, 2016


Electric Service Credit Union was founded in 1951. Headquartered in Nashville, Tennessee, Electric Service Credit Union is a state chartered and federally insured credit union, being chartered in Tennessee and insured through the National Credit Union Share Insurance Fund (NCUSIF). Electric Service Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Electric Service Credit Union services 6,500 members through its 3 offices and branches and 19 full-time employees. It has $64,263,709 of total assets and $7,867,753 of net worth. Based on its asset size and net worth ratio, Electric Service Credit Union is classified as a Well Capitalized medium credit union.

Electric Service Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Electric Service Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Electric Service Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Tennessee and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Tennessee
Median of USA
Checking
1.0700
0.0050
0.0000
Savings
0.1000
0.1000
0.1200
Money Market
0.7100
0.2000
0.2500
Certificate Deplit
0.9300
0.5000
0.5800
IRA
0.9100
0.5500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Tennessee
National Median Rates
Credit Cards
9.4200
9.9950
9.9900
Unsecured Line of Credits
9.9600
10.6000
10.9500
Short-term Small Amount
n/a
21.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
4.1200
3.0000
3.3300
Used Car Loans
5.2500
4.4900
4.5000
1st Mortgage Real Estates
5.0400
4.2500
4.2500
Other Real Estates
5.8400
5.0000
4.7000

Electric Service Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Electric Service Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Electric Service Credit Union actively involves in local communities by prliding services such as first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Electric Service
1214 Church St Ste 100
Nashville, TN 37246-0001
Phone:615-687-4801

Escu Indian Lake Branch
270 Indian Lake Blvd
Hendersonville, TN 37075
Phone:615-687-4801

Escu-donelson Branch
Main Office

2340 Jackson Downs Blvd
Nashville, TN 37214
Phone:615-687-4801

(615) 687-4802

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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