What is a Credit Union?

It is important to truly understand how credit unions are unique and different, and why we remain a necessary and extremely popular financial alternative for nearly 90 million Americans. Being a member of a credit union is a distinct experience. 与银行不同, we’re a not-for-profit financial institution that doesn’t answer to stockholders, just our members’ best interests.

A credit union is a financial cooperative organized and owned by the people who save and borrow there. Credit unions originated in 1849 in Europe. Since that time, credit unions have specialized in 储蓄 and in making 贷款 within their membership. As a credit union member, you have access to the banking services you need, including checking, 储蓄, 贷款, 信用卡, 投资, financial planning, 自动取款机, mobile banking, online banking, 和更多的.

Each credit union is governed by a board of directors, elected by and from the credit union's membership. Board members serve voluntarily because they care.
The principal functions of credit unions are to encourage 储蓄 and thrift, and to provide credit and 贷款 at favorable interest rates. +, 最重要的是, credit unions improve the lives of their members by encouraging regular saving, by providing education and counseling about the wise use of credit, and by making 贷款 for productive purposes.

At The Tennessee Credit Union, a person who qualifies may become a full-service member with a deposit of $25 into a regular 储蓄 (share) account. This "share purchase" allows the member eligible to apply for all other services offered by the Credit Union.

People Helping People

Credit unions exist to help people, not make a profit. Our goal is to serve all of our members well, including those of modest means - every member counts. Our members are fiercely loyal for this reason. They know their credit union will be there for them in bad times, as well as good. The same people-first philosophy motivates credit unions and our employees to get involved in community charitable activities and worthwhile causes.