With the recent bank failures, you may have questions about the security of your deposits. We want to assure you – your money is safe at tnConnect Credit Union. Our deposits are insured up to $250,000 per individual depositor – the same level as any federally insured financial institution. Credit union members have never lost a penny of insured savings.
As a member of tnConnect, you are an owner of our not-for-profit financial cooperative. Our priority is your financial success, and we focus on financial security. We provide needed loans, lower rates, and a strong focus on our members’ financial well-being. Our structure emphasizes our people-first mentality. This makes us a safe harbor that people can count on to get them through tough times.
When it comes to safety and soundness – credit unions have a board of directors that are elected by and from the members, who have their own money in the credit union. Every credit union member has a vote. We don’t take unnecessary risks with our members’ money because we know the people who use our credit union, and we answer to them each and every day.
As tnConnect approaches its 100th year as a credit union, we never forget that the hard-earned money we are entrusted with belongs to the members we serve.
For additional resources:
- Please call 865-688-2424 with any questions. Again, your money is safe and secure at our credit union and is protected up to $250,000 per individual depositor.
- You can visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.
- In addition to our credit-union-specific resources, you can find more information about the credit union difference on the Credit Union National Association’s Advancing Communities website: advancingcommunity.com.
Thank you for being a member of tnConnect.