Sep, 30, 2025 — EMPLOYEE RESOURCES CREDIT UNION is a federally insured state chartered credit union headquartered in LAWRENCEBURG, TN with 6 branch locations and about $179.98 million in total assets. Opened 62 years ago in 1964, EMPLOYEE RESOURCES CREDIT UNION has about 24,300 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPLOYEE RESOURCES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2135 N Locust Ave LAWRENCEBURG, TN 38464-4455 |
| Phone: | (931) 766-9288 |
| Fax: | (931) 762-0583 |
| Website: | https://www.ercu.org |
| Branches: | 6 branch locations |
| Members: | 24,300 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67789 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Apr 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $179,975,933 |
| CEO/Manager: | Konda D Bowling |
| Chairperson: | Vicki Engelhardt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,032,685 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,009,434 |
| Unsecured Loans | 12,641,562 |
| Other Loans | 95,716,348 |
| TOTAL LOANS | 137,367,345 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,168,313 |
| Land And Building | 3,007,017 |
| Other Fixed Assets | 415,608 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,510,787 |
| All Other Assets | 187,421 |
| TOTAL ASSETS | 179,975,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 288,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,359,905 |
| Regular shares | 43,956,823 |
| All Other Shares & Deposits | 94,628,452 |
| TOTAL SHARES & DEPOSITS | 162,945,180 |
| TOTAL LIABILITIES | 163,233,777 |
| Regular Reserve | 0 |
| Other Reserves | 9,370,492 |
| Undivided Earnings | 7,371,664 |
| TOTAL EQUITY | 16,742,156 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 179,975,933 |
| INCOME & EXPENSE | |
| Loan Income | 6,170,536 |
| Investment Income | 1,092,812 |
| Other Income | 1,585,297 |
| Total Employee Compensation & Benefits | 2,807,800 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,850,411 |
| Non-operating Income & (Expense) | 236,376 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 995,333 |
| Cost of Funds | 2,738,546 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 692,931 |
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