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 166th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 493 employees and 166,797 members at 26 locations. Tennessee Valley Federal Credit Union's money market rates are 7X the national average, and it boasts an A+ health rating.
Membership in Tennessee Valley Federal Credit Union is open to those who live, work, volunteer, attend school or worship in the Tennessee counties of Bledsoe, Bradley, Grundy, Hamilton, Marion, McMinn, Meigs, Polk, Rhea, or Sequatchie, or the Georgia counties of Catoosa, Chattooga, Dade, Gordon, Murray, Walker, or Whitfield. Immediate family members are also eligible for the membership.
See current membership details
Overall | |
---|---|
NCUA # | 1520 |
Year Chartered | 1936 |
Employees | 493 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.72% |
Return on Equity - YTD | 12.16% |
Annual Interest Income | $69.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $2.74B$2.6B |
Loans | Q2 2024vs Q2 2023 | $1.95B$1.9B |
Deposits | Q2 2024vs Q2 2023 | $2.33B$2.16B |
Equity Capital | Q2 2024vs Q2 2023 | $382MM$331.9MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $16.6MM$14.3MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $14.3MM$8.1MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $108K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | $0 | - | TVFCU Perks Platinum Checking | |
0.25% | $0 | - | TVFCU Perks Plus Checking | |
0.05% | $0 | - | Small Business Checking w/ Dividends | |
0.05% | $0 | - | Commercial Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.15% | $1k | - | 6 Month IRA | |
4.00% | $1k | - | 12 Month IRA | |
4.00% | $1k | - | 18 Month IRA | |
3.75% | $1k | - | 24 Month IRA | |
3.00% | $1k | - | 30 Month IRA | |
3.00% | $1k | - | 60 Month IRA |