Rural Communities

Rural areas in Tennessee have been adversely impacted by COVID-19 and credit unions are here to help. They understand the challenges communities are facing right now and can offer a better range of services that are unavailable from larger banks.

Credit Union Impact: Helping Those Who Need It Most

The nation is in the midst of a severe economic recession as a direct result of the COVID-19 pandemic. America’s rural areas will disproportionally suffer with more limited job opportunity, limited healthcare and broadband access, and disproportionately high poverty rates. These communities increasingly need support from a variety of partners and tools including government, healthcare, and finance. Credit unions are not-for-profit financial institutions that are dedicated to serving their members, regardless of location or socioeconomic background. As the pandemic continues to impact the nation, credit unions are a beacon of stability and security for rural citizens.

As of June 2019, almost one-fourth of all credit unions are headquartered in rural areas, making them uniquely positioned to serve rural communities by providing capital infusions, emergency loans, and trusted advice. Rural credit unions, like the 85 branches in Tennessee, provide essential financial services to communities, help stimulate the economy indirectly and directly, and provide a safe place for people’s money.

Advancing the Lives of Rural Tennesseans through:

85 Rural Credit Union Branches in Tennessee
9.7M Rural Members Nationwide
$3B New Rural Business Loans in 2018 Nationwide