REGULATING AGENCY: Tennessee Department of Financial Institutions; Credit Union Division
LEAGUE: Tennessee Credit Union League
STATS: (As of Dec 2020)
- TOTAL # SCUs: 76
- TOTAL # FCUs: 60
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 56% of 136 TN CUs
- TOTAL $ SCU ASSETS: $16,018,524,947
- TOTAL $ FCU ASSETS: $15,937,897,248
- TOTAL ASSETS: $31,956,422,195
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 50%
FUN FACT: The Tennessee Aquarium is the largest facility of its kind to focus on freshwater habitat. It features 7,000 animals and 300 species of fish, birds, reptiles, amphibians, and mammals.
TriStar Advocacy Report
MARCH 17, 2021
Homestead Exemption Bill Hits a Snag
We have a couple of big updates on the state-level advocacy front to report. First, our bill to increase the Homestead Exemption hit a massive snag as Legal Services filed it with the wrong caption. This essentially renders the bill inoperable because the bill would change sections of the TN code that are not covered by the caption – which isn’t allowed. We’re still working through the processes on what it means for this year, but the likelihood of success isn’t that good right now and requires going through a Committee called Delayed Bills. We’ll keep you posted should there be any future movement.
Click on the title to read the full release.
Click here to take a look at the stories that have been collected over the years in Tennessee.
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!