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 $8.02B in assets
- Largest FCU: ASCEND FCU $4.25B in assets
| Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 74 | 57 | 131 | 56.49% |
| Credit Union Members | 1.28M | 1.29M | 2.57M | 49.73% |
| Credit Union Assets | $20.45B | $20.17B | $40.62B | 50.35% |
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
Jan. 5, 2024 — Brighton Bank has entered an agreement with the Federal Deposit Insurance Corp. to overhaul its anti-money-laundering technology and practices after a report from the regulator last year found the bank violated compliance laws.
The FDIC demanded the community bank, which is based 30 miles north of Memphis, Tennessee, take a broad set of actions to remedy its violations of the Bank Secrecy Act [BSA], according to a consent order that was made public on Friday. The order, which took effect Nov. 30, requires Brighton Bank to appoint a BSA officer, enhance audits of information technology, and train staff in BSA/AML requirements, among other action items.
STORY ARCHIVE
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