Employee Resources Credit Union has been open since 1991. The credit union has assets totaling $88.6 Million and provides banking services to more than 16,000 members. Membership: The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members. Membership is also open to immediate family of current members.
Available services
Checking AccountOnline BankingMobile AppDebit CardsCredit CardsAuto LoansMortgage Loans
Membership Eligibility
Employee Resources Credit Union is your full service financial institution. We offer you the same services as the big banks, but without all of the fees and impersonal service. You are eligible for membership if you LIVE, WORK, ATTEND SCHOOL or WORSHIP in LAWRENCE, GILES, WAYNE OR HENDERSON COUNTIES, TN.
Once a Member Always a Member
Even if you change jobs, retire, or relocate, you can still maintain your membership with Employee Resources Credit Union by maintaining your membership account balance at $5.00 and by making at least one transaction per year.
Deposits federally insured up to $250,000 by the NCUA.Personal Checking
Federally Insured
Our basic checking account offers numerous advantages over traditional checking programs. There is no minimum balance required as well as no service charge. Our checking accounts also offer optional overdraft protection for qualifying accounts. Deposits can made to your checking account by:
- Direct Deposit
- Payroll Deductions
- Over the counter
- Wire transfer
- By mail
- Transfers from other ERCU accounts
- Remote deposit capture via our mobile app
- Night Drop deposit box
All deposits into your checking account are federally insured in conjunction with the aggregate total of your account up to $250,000 by the NCUA. Statements for checking accounts are mailed or emailed out at the end of each month.
Personal Savings
Federally Insured
Deposits federally insured up to $250,000 by the NCUA.
A savings account with ERCU is what makes you a member of the credit union. A required deposit of $5 into a regular savings account is what gives you ownership of your piece of ERCU. Deposits with ERCU are federally insured up to $250,000 by NCUA.
Regular Savings Account
A regular savings account is also what makes you eligible for other services provided by the credit union. Dividends, which are subject to change, are paid quarterly. Deposits to your regular savings account can be made in the following ways:
- Direct Deposit
- Payroll Deductions
- Over the counter
- Wire transfer
- By mail
- Transfers from other ERCU accounts
- Remote deposit capture via our mobile app
- Night Drop deposit box
Special Savings (90 Day Investment) Account
A special savings account allows you to accrue a larger dividend per quarter. A minimum deposit of $500 must be made to open a special savings. Rates are subject to change at the beginning of each quarter. Withdrawals may be made during the quarter with no penalty so long as a minimum balance of $500 remains in the account. Deposits to a special savings must be made in increments of $500 and can be done at any time during the quarter. Account closures during the quarter are subject to early withdrawal penalties.
Christmas Club Account
Our Christmas Club Account is a special savings account that helps you prepare for the holiday season. Deposits to your Christmas Club Account can be made at any time and in a multitude of ways including payroll deductions, direct deposit, over the counter transactions, and transfers from other ERCU accounts. Account balances are disbursed on November 1 of each year by transfer into your savings or checking account with ERCU. One early withdrawal can be made from the account per year for a $10 fee.