Company type | Credit union |
---|---|
Industry | Financial services |
Founded | September 1934 |
Headquarters | Kingsport, Tennessee, U.S. |
Number of locations | 35 Branches, Service Centers, and Offices |
Key people | Kelly Price, (CEO) |
Products | Savings; checking; consumer loans; mortgages; investments; online banking |
Total assets | $8.6 billion USD |
Website | ecu.org |
Eastman Credit Union (ECU) is a credit union headquartered in Kingsport, Tennessee, that is insured by the National Credit Union Administration. It was founded in 1934, originally to serve employees of the Tennessee Eastman Chemical Company.
In 2005, it expanded to a community charter, opening membership to the wider community. [1]
The current CEO is Kelly Price.
ECU has over 335,000 members and over $8.6 billion in assets. [2] It is the largest credit union in the state of Tennessee by asset size. [3]
Membership is open to residents in the following counties:
In Virginia: Lee, Scott, Wise, Washington, Dickenson, and Russell.
In Tennessee: Sevier, Grainger, Hamblen, Jefferson, Cocke, Greene, Unicoi, Carter, Washington, Hawkins, Hancock, and Sullivan.
In Texas: Gregg and Harrison. [4]
Additionally, membership is open to employees of companies that have partnered with ECU and their immediate families. The largest of these companies are Eastman Chemical Company and Food City. [5]
Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Founded in 1920 and based in Kingsport, Tennessee, the company operates 36 manufacturing sites worldwide and employs approximately 14,000 people.
PSECU is a state-chartered credit union headquartered in Harrisburg, Pennsylvania. PSECU is a not-for-profit financial entity that serves more than 480,000 members and manages over $7.5 billion in assets. Deposits by the members are regulated and insured by National Credit Union Administration (NCUA).
Navy Federal Credit Union is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member credit union in the United States, both in asset size and in membership. As of July 2024, Navy Federal has US $177 billion in assets and has 13.8 million members.
BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area. It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company. Membership was later expanded to all residents of Washington and some counties in Oregon and Idaho. As of 2023, the credit union has 60 locations—primarily in the Puget Sound region of Western Washington—and 1.4 million members.
America First Credit Union (AFCU) is a federally chartered credit union headquartered in Riverdale, Utah, United States. As of January 2020, America First was the sixth largest credit union in the United States in terms of total membership and eighth largest credit union in assets in the U.S.
Washington State Employees Credit Union (WSECU) is an American not-for-profit financial cooperative and the second largest credit union in the state of Washington. Membership is open to those who live, work, or worship in the state, and their relatives.
Redstone Federal Credit Union is an American credit union based in Huntsville, Alabama. As of 2023, Redstone Federal Credit Union is Alabama's largest credit union and is federally chartered and regulated and insured through the National Credit Union Administration (NCUA).
First Tech Federal Credit Union is a federally chartered credit union headquartered in Hillsboro, Oregon. It is regulated under the authority of the National Credit Union Administration (NCUA). First Tech has over 650,000 members, and over 12 billion dollars in assets with 33 branches located mostly in high technology business centers of California, Colorado, Oregon, Washington and four other states. It was the first financial institution to offer telephone interactive voice response access and online banking.
The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan.
Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. The clients of the credit unions become partners of the financial institution and their presence focuses in certain neighborhoods because they center their services in one specific community. As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. Total credit union assets in the U.S. reached $1 trillion as of March 2012. Approximately 236,000 people were directly employed by credit unions per data derived from the 2012 National Credit Union Administration (NCUA) Credit Union Directory. As of 2019, there were 5,236 federally insured credit unions with 120.4 million members, and deposits of $1.22 trillion.
Denali. A division of Nuvision Credit Union is a credit union based in Anchorage, Alaska, United States. The credit union serves communities throughout Alaska, and Washington. It is the third largest credit union in Alaska. Denali has grown to add Denali Home Loans, Denali Investment Services and Denali Business Lending and Business Service to its list of services.
State Employees' Credit Union (SECU) is an American state-chartered credit union headquartered in Raleigh, North Carolina regulated under the authority of the Credit Union Division of the North Carolina Department of Commerce. SECU member deposits are insured by National Credit Union Administration (NCUA) of the U.S. federal government. SECU is the second largest natural member credit union in the United States, both in asset size and in membership. As of June 30, 2023, SECU has $49.6 billion in assets, over 2.75 million members, and 275 branches with locations in all of North Carolina's 100 counties. SECU operates the no-fee CashPoints automated teller machine network, which is the largest ATM network in North Carolina. Membership in the credit union is primarily limited to employees of the state of North Carolina and their immediate family or the immediate family of current SECU members.
ESL Federal Credit Union is a full-service financial institution with headquarters in Rochester, New York. The locally owned financial institution employs more than 870 people in Rochester, New York, and includes more than 376,000 members and 11,800 businesses. The company has now appeared on the Great Place to Work Best Small and Medium Workplaces for 10 years. Access to the credit union includes 22 branch locations and more than 40 ATM locations, locally based telephone and internet chat centers, and online and mobile banking channels. Membership in ESL is open to employees of Eastman Kodak, members of the George Eastman House, and residents of Rochester, among others.
Credit Union 1 is Alaska's only state-chartered credit union, and anyone who lives or works in Alaska is eligible to join. As of December 31, 2022, the credit union had $1.48 billion in assets, nearly 100,000 members and 12 branches throughout the state.
Spokane Teachers Credit Union (STCU), is a credit union chartered in the state of Washington and North Idaho. It is regulated under the authority of the National Credit Union Administration (NCUA) of the federal government. Membership is open to those "live, work, worship, or attend school" in Washington state, or counties in northern Idaho.
Georgetown University Alumni & Student Federal Credit Union (GUASFCU) is a credit union headquartered in Washington, D.C., chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the US federal government. GUASFCU is the oldest and largest entirely student-run credit union in the country, both in asset size and in membership.
Genisys Credit Union is a credit union based in Auburn Hills, Michigan.
Hawaiian Financial Federal Credit Union is a member-owned financial institution in Honolulu, Hawaii. The credit union is administered and regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF). Hawaiian Financial Federal Credit Union is the fourth largest credit union in Hawaii. As of 2012, it has a total of $512.3 million USD in assets, serving more than 50,000 members, and seven office branches. As of March 2018, the President of the credit union is Norman Okimoto. HiTel FCU is guided by the principle, "We are people helping people make their dreams come true by being their financial institution of choice."
Robins Financial Credit Union is a credit union based in Warner Robins, Georgia. Robins Financial is the 2nd largest credit union in the state of Georgia. As of March 31, 2022, Robins Financial has over 243,000 members and over $4 billion in assets. Robins Financial operates 22 branch locations throughout the state of Georgia.
MAX Credit Union is a state-chartered credit union based in Montgomery, Alabama. MAX Credit Union operates 18 locations in five counties in Central and East Alabama and as of January 2021 had US$1.77 billion in assets and 116,418 member owners. MAX is ranked the 5th largest credit union in Alabama in asset size and the 212th largest credit union in the US in asset size. MAX provides consumer and commercial financial services and is regulated and insured by the National Credit Union Administration (NCUA).