Tennessee Credit Unions laws & compensation compliance analysis

Tennessee Credit Unions: What you need to know

A credit union is a cooperative association formed to promote thrift among its members and to create a mutual fund as a source of credit for them. In Tennessee, as elsewhere, credit unions have evolved into sophisticated financial institutions offering members a variety of services. Tennessee law restricts credit union membership to people who share a “common bond,” such as the same employer, the same union or benevolent association, or some similar connection.
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Tennessee has detailed and complex requirements for the formation and operation of credit unions. Because of the complexity of these laws, an organization seeking to set up a credit union needs expert assistance. It is often easier to join an existing credit union rather than start a new one.

Read more about Credit Unions


Related Topics

More on this topic:


Tennessee Credit Unions Resources

Type Title
White Papers Credit Union Memberships Can Save Employees Money
See all Credit Unions Resources