Tennessee Credit Unions

Advancing Communities: In the Volunteer Tradition

IMPORTANT INFORMATION ABOUT TENNESSEE CREDIT UNIONS AND COVID-19

During this COVID-19 pandemic, credit unions are creating new programs to meet their members’ changing needs. In response to these unprecedented circumstances many Tennessee credit unions are currently offering their communities:

  • Up to 90-Day deferment on loan payments including mortgages
  • Skip-a-pay programs on auto and home loans and credit cards
  • Access to equity on auto loans
  • Up to 90-Day no payment on new auto loans
  • Waived fees for early CD withdrawals
  • Waived fees on overdrafts and other services
  • Lower interest rates on loans
  • Emergency hardship loans
  • Extended due dates on collections
  • Employee Assistance Account for emergency funds

For more information about how Credit Unions are responding to the COVID-19 crisis, go to AmericasCreditUnions.org.

Advancing Communities - In the Volunteer Tradition

Credit unions are the better choice for Tennessee's middle-class families. They work to help Tennesseans build their dreams, keep their homes, start and expand small businesses, and hold their communities together.

Tennessee credit unions are local community-based not-for-profit financial cooperatives that are owned and run by their members. Local credit unions keep money in our communities instead of shipping profits to Wall Street and they share earnings with their members by providing dividends and lower rates on loans along with higher interest on savings.

They support members in times of need with low-interest loans for medical emergencies, more options to help families pay for college or buy a home and with financial literacy programs to empower consumers to improve their financial lives.

Tennessee Credit Unions are woven into the communities they serve across our great state. They are your neighbors, friends, and fellow citizens with one goal: Advance Tennessee Communities. The Volunteer Tradition is strong within the credit union movement and each credit union member is a part of our story.

As part of our commitment to Advancing Tennessee Communities, the Tennessee Credit Union League presents The Plan to Advance Tennessee Communities in The Volunteer Tradition.

1. Access to quality broadband for all Tennesseans
The past year has shown us that now more than ever, every Tennessean needs access to a reliable internet connection. Life is digital and everything moves at a faster pace. Being able to access school, work, household needs, shopping, etc. online is more important than ever. Financial services are no exception. In a recent poll, TCUL found that members desire to use online banking features rather than visit a credit union branch. The TCUL supports expanding broadband access and ensuring a reliable connection for every Tennessean.

2. Better access to capital for small businesses in Tennessee Communities
Small businesses are the backbone of our economy. Tennessee credit unions have proudly supported our small businesses in many ways. Many credit unions recently participated in the Paycheck Protection Program to provide access to much needed forgivable loans to make ends meet. We provide access to financial services and work with each individual business as a member of the credit union for solutions that work for them.

3. Access to high-quality financial services bringing financial health and wellness for all Tennesseans
Financial health and wellness shouldn’t be reserved for any one group of people. The TCUL believes that each Tennessean deserves access to high-quality financial services and financial education to meet their needs. Tennessee credit unions work daily with their members to find solutions to meet their members' financial goals. Our members know they can count on their credit union to help them fulfill their financial dreams.

Tennessee credit unions are building better communities for:

Featured News:

The votes from Tennessee Valley Federal Credit Union’s Season of Sharing Campaign have been tallied. The McMinn County Rescue Squad swept the social media poll with more than 54% of the vote, meaning that it received a $1,000 contribution from TVFCU on behalf of credit union members for its Rescue Christmas Initiative. ...

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The employees at Tennessee Valley Federal Credit Union wanted to do something special to thank some of Chattanooga’s front-line heroes during the COVID-19 pandemic. A huge cooler full of homemade frozen treats was delivered to Hamilton County employees working the free testing site at the Alstom plant. ...

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With 18 offices, the Tennessee Valley Federal Credit Union (TVFCU) has more branch locations than any credit union in Southeast Tennessee and prides itself on personal service delivered across its 13-county footprint. But when the coronavirus pandemic forced Chattanooga’s biggest credit union to close its lobbies and in-person visits to limit the spread of the ...

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Fortera Credit Union has announced its establishment of the Fortera Foundation. The not-for-profit organization aims to help break the cycle of generational poverty and improve families’ long-term financial stability. Within its focus, the foundation seeks to address a particularly high rate of poverty among single mothers.  ...

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Advancing Tennessee Communities Through:

2.3 Million Credit Union Members
$2.6 Billion Economic Impact
15,687 Jobs
139 Credit Unions
$355 Million in Benefits for Tennessee Consumers
$238 Benefits Per Household