Tennessee
REGULATING AGENCY: Tennessee Department of Financial Institutions; Credit Union Division
Tennessee State Capitol
- Greg Gonzales, Commissioner
- Website: tn.gov/tdfi.html
ACCREDITED: 1995
LEAGUE: Tennessee Credit Union League
- Fred Robinson, President / CEO
- Website: yourleague.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: EASTMAN CU $7.67B in assets
- Largest FCU: ASCEND FCU $4.15B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 74 | 57 | 131 | 56.49% |
| Credit Union Members | 1.26M | 1.34M | 2.60M | 48.56% |
| Credit Union Assets | $19.90B | $19.80B | $39.70B | 50.12% |
FUN FACT
Nashville’s Grand Ole Opry hosts the longest continuously running live radio program in the world, broadcast every weekend since 1925.
RECENT NEWS
With New DAO Law on the Books, Utah Joins Race with Wyoming and Tennessee to Become U.S. “Crypto Capital”
Courtesy of Proskauer Rose LLP, National Law Review, Volume XIII, Number 146
June 2, 2023 — Little-known legal trivia: In 1977 Wyoming was the first state to pioneer the LLC, which is now a commonly applied legal innovation. Fast forward more than forty years…in July 2021, Wyoming again tried to be at the vanguard of new corporate formations and passed legislation that recognized decentralized autonomous organizations, or DAOs, as legally distinct business entities, with protections for token holders similar to those offered to corporation stockholders or limited liability company members. Wyoming may have jumped off the blocks first, but Tennessee and Utah are not far behind. Recently, on March 1, 2023, the Utah Legislature passed HB 357 (codified at Utah Code Ann. §48-5-101-406), the “Utah Decentralized Autonomous Organizations Act” (the “Utah Law”).
STORY ARCHIVE
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