#354 of 500 · Member & Benefit Funds

Eastman Credit Union

EIN 62-6039479 · TN · NTEE n/a · Form 990, fiscal 2023

A not-for-profit financial cooperative headquartered in Kingsport, Tennessee. Established in 1934 to serve employees of the Eastman company, it has grown into one of the largest credit unions in Tennessee, serving more than 340,000 members across Tennessee, Virginia, and Texas. It offers consumer and business banking, loans, mortgages, and savings products, and is governed by a member-elected board under cooperative principles.

Financials, fiscal 2023

Revenue

$436.1M

Expenses

$283.7M

Total assets

$8.02B

Net assets

$1.11B

Operating margin

34.9%

1-year growth

27.3%

5-year growth (CAGR)

14.8%

Reserve (years of spending)

47.0

Contributions share

n/a

Programme spending

90.8%

Fundraising cost

n/a

Executive pay share

1.75%

Employees

1,039

Revenue per employee

$420K

Grants paid

$672K

Years filing

71

NFP Health Score: 74 / 100

Financial 67 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To be the preferred financial institution within our communities by providing value-added financial services, upholding credit union cooperative values, and prioritizing service excellence.

Revenue history