Your Money Is Safe
The Tennessee Credit Union has been a stable financial cooperative serving the Tennessee community since 1950. As a member-owned financial cooperative, we are not driven to participate in risky investments or subprime markets in order to meet stockholder demands. The needs of our members come first, and TTCU has proven its ability to safely meet those needs throughout times of economic uncertainty.
The Tennessee Department of Financial Institutions conducts an annual regulatory examination of TTCU. We have consistently received positive ratings from the State Department and from our annual independent CPA examinations.
TTCU also has federal share insurance, administered by an independent government agency, the National Credit Union Administration (NCUA). The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings to at least $250,000 in your savings, share certificate, money market, and share draft (checking) accounts at The Tennessee Credit Union. The coverage for individual retirement accounts (IRAs) is also $250,000. Funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate to $250,000.
All federally insured credit unions, like TTCU, must post the official NCUA insurance sign in all branch offices and on their websites. As do other NCUSIF-insured credit unions, we abide by high standards of safety and soundness. Because of that, NCUSIF is a strong, well-capitalized fund.