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.
July 15, 2021 – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce Tennessee has earned Re-Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
More than 88% of the $989 billion in state-chartered credit union assets are supervised by NASCUS’ 28 accredited state agencies.
“Accreditation is direct evidence of an agency’s capabilities and benefits all credit unions in the state as well,” said NASCUS President and CEO Lucy Ito. “It recognizes the professionalism of a state agency’s regulators, supervisors, and staff, while potentially delivering an impetus and support for legislation to modernize state law and policy changes to advance state supervisory processes and best practices.”
“Across the country, Accreditation makes the state system stronger. It continuously helps us improve and provides us with credibility and support to fulfill our responsibilities to the people of Tennessee. We are proud to have a strong and collaborative working relationship with NASCUS, other state regulators, and within the credit union industry.” commented Greg Gonzales, Tennessee Commissioner.
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