Tennessee Valley Federal Credit Union


Overview / Commentary
423-634-3600
535 Chestnut St
Chattanooga, TN 37402

Tennessee Valley Federal Credit Union is headquartered in Chattanooga and is the 5th largest credit union in the state of Tennessee. It is also the 192nd largest credit union in the nation. It was established in 1936 and as of June of 2020, it had grown to 356 employees and 154,037 members at 21 locations. Tennessee Valley Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Tennessee Valley Federal Credit Union is open to those who live, work, volunteer, attend school or worship in Bledsoe, Bradley, Grundy, Hamilton, Marion, McMinn, Meigs, Polk, Rhea and Sequatchie Counties in Tennessee or in Catoosa, Dade and Walker Counties in Georgia.
See current membership details

Reviews (3)

We LOVE TVFCU!

Wonder if this ANONYMOUS posting is from a member, or might it be a competitive bank? We have been members of the TVFCU (formerly TVACU) for 44 years now…YES, 44 years.

We've had personal, business, and estate accounts here. We've gotten help / assistance / advice over the years that banks today don't have the time nor desire to provide. Because it's NOT leveraged, it's a FAR safer place to keep your money. TVFCU doesn't borrow money to loan money…the money for loans comes from the members.

We used to own a real estate brokerage. In that business, we often had clients who would comment how much they appreciated TVFCU…they received help and loans when others wouldn't help. Clearly, TVFCU takes the time to look at each unique situation, and assess risk accordingly.

They have grown substantially since we first joined. In spite of that growth, they have not lost the ability to provide personal service. In reading the review, the poster implies he/she was treated as an 'idiot'..I have to say, I've never witnessed anything but gracious and helpful treatment from any of the employees we've interacted with at various locations. Seems this reviewer knows something about himself/herself that we don't. Additionally, the article that brought me to this negative ANONYMOUS review highlighted the fact that TVFCU boasts an A+ health rating, is #88 out of 6,600 credit unions across the nation HA!

We're proud of our credit union, their impressive track record, their attention to detail, and their interaction with the members. Notice now, ANONYMOUS, that we're signing our names: John and Jo Peckinpaugh

Great Credit Union

I really enjoy banking with Tennessee Valley Federal Credit Union. I have been with them since I got married in 2009 and have been with them ever since, even after moving away from the area where the branches are located. Every time we have been into one of the offices, the customer service has been great. There is one office in particular that we do visit and after one or two visits, they would acknowledge us by name once we walked in which was very impressive, as we don't make it by the branches too often. I have the mobile app on my phone and I love that I get to deposit checks through the mobile app and I don't even have to worry about visiting the branches. We currently have 1 checking out and 2 savings accounts with the credit union. It is very easy to make transfers between the accounts and I have never been charged a fee for making too many transfers (and I make a lot).

Stay Away From This Bank

Posted by: |

Do not use this bank your money will disappear, and you will be treated like you are an idiot. Never get a loan from them you will regret it.



Health
A+

Health Grade Components

Overall
NCUA #1520
Year Chartered1936
Employees356
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD6.27%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.82B$1.55B
LoansQ2 2020vs Q2 2019$1.28B$1.19B
DepositsQ2 2020vs Q2 2019$1.59B$1.33B
Equity CapitalQ2 2020vs Q2 2019$225.2MM$206.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$12.0MM$7.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.7MM$2.4MM
Real Estate OwnedQ2 2020vs Q2 2019$536.00K$292.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Tennessee Valley Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Tennessee Valley Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-IRA Variable Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.20%--Health Savings Account
0.05%--Share Savings Account
0.05%--Regular Club
0.05%--Christmas Club
0.05%--Freedom Fund Club
0.05%--Business Share Savings Account
0.05%--Business Regular Club

Tennessee Valley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$200k*-Business Money Market
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $150k | 0.30% $150k - $200k
0.25%*$100k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Tennessee Valley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Small Business Checking w/ Dividends
0.05%--Commercial Checking

Tennessee Valley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month CD
1.10%$1k-Business 60 Month CD
0.55%$1k-30 Month CD
0.55%$1k-Business 30 Month CD
0.50%$1k-24 Month CD
0.50%$1k-Business 24 Month CD
0.45%$1k-18 Month CD
0.45%$1k-Business 18 Month CD
0.40%$1k-12 Month CD
0.40%$1k-Business 12 Month CD
0.30%$1k-6 Month CD
0.30%$1k-Business 6 Month CD

Tennessee Valley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month IRA
0.55%$1k-30 Month IRA
0.50%$1k-24 Month IRA
0.45%$1k-18 Month IRA
0.40%$1k-12 Month IRA
0.30%$1k-6 Month IRA
Locations

Availability



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