Financial Strength
At City Employees, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand how important it is for you to feel confident in your financial institution. That's why we're proud to share our financial strength with you, demonstrating our commitment to your well-being. With a net worth of $23,279,676, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation ensures that we are equipped to support you during all stages of your financial journey. Our net worth ratio of 20.94% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This level of stability is crucial for building trust with our members. Members' savings are secured through $10,631,973 in share certificates and $6,318,332 in money market shares, offering stable and rewarding financial growth opportunities. Your hard-earned money is safe with us, and our diverse saving options help you achieve your financial goals. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Your interests come first at City Employees, where every decision reflects our commitment to our community. With $21,259,866 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This strategy allows us to continually improve the services we provide while maintaining a strong operational footing. Our lending capacity supports members' financial goals across various sectors with $8,645 in used auto loans and $67,523,316 in total loans and leases. We understand that whether you're looking to purchase a vehicle or finance a project, access to flexible loan options makes all the difference. Our operational efficiency shines through with a net income of $249,189, enabling us to continue offering competitive loan rates and solid financial products for our members. This means more opportunities for you to save money while accessing the funds you need. We also take pride in having 20 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Our staff is dedicated to providing personalized service because your experience matters to us. Net Shares (Funds available for lending and investments): $154,027 showcase our ability to support member needs effectively. Total Share Accounts: 14,384, further illustrate the strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, City Employees is your trusted partner. Visit us at 1720 Western Ave Knoxville Tn 37921 or call (865) 824-7200 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
