Jack Daniel Employees Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 2.5 out of 5

PO Box 199, Lynchburg, TN 37352

Website

(931) 759-5513

Data Source: NCUA, December 31, 2016


Jack Daniel Employees Credit Union was founded in 1987. Headquartered in Lynchburg, Tennessee, Jack Daniel Employees 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). Jack Daniel Employees 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, Jack Daniel Employees Credit Union services 2,176 members through its 7 full-time employees. It has $30,242,425 of total assets and $2,884,875 of net worth. Based on its asset size and net worth ratio, Jack Daniel Employees Credit Union is classified as a Well Capitalized medium small credit union.

Jack Daniel Employees 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. Jack Daniel Employees Credit Union also provides an array of services to its members and local communities. Jack Daniel Employees Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Jack Daniel Employees 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
0.0000
0.0050
0.0000
Savings
0.5000
0.1000
0.1200
Money Market
0.0000
0.2000
0.2500
Certificate Deplit
0.7500
0.5000
0.5800
IRA
0.7500
0.5500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Tennessee
National Median Rates
Credit Cards
12.0000
9.9950
9.9900
Unsecured Line of Credits
8.0000
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
4.0000
3.0000
3.3300
Used Car Loans
4.0000
4.4900
4.5000
1st Mortgage Real Estates
4.5000
4.2500
4.2500
Other Real Estates
4.0000
5.0000
4.7000

Jack Daniel Employees 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, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Jack Daniel Employees Credit Union.

Electronic Banking Service Offerings

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

As a community financial institution, Jack Daniel Employees Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
No
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Main Office
488 Majors Blvd
Lynchburg, TN 37352
Phone:931-759-5513

(931) 759-5607

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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