Money transfer agent locations

Like the credit cooperatives, credit unions form associations of a higher level, which are called corporate credit unions. Credit unions also differ from the traditional consumer cooperatives. When organizing the credit union it is important that people know each other and know the extent to which each of them is trustworthy. National Credit Union Insurance Fund was created by Congress in 1970 to insure deposits of credit union members in the amount of 100 thousand dollars. Over 30% of the assets of credit unions are investments in government securities, certificates of deposit of banks and savings loan associations, as well as in the parent credit unions, and other risk-free investments. Income derived from the provision of services to its members, does not become the profit of credit union and is distributed among its members in proportion to their savings. Historically, credit unions have grown from the experience of credit cooperatives, but they took the experience of organizations of mutual aid of citizens by moving methods of social self-protection from labor and toward consumption.


The Tennessee Credit Union, Credit Union Location Nashville, Tennessee


Name Contacts Info
The Tennessee Credit Union
1400 8th Avenue South Nashville, TN 37203 Phone: (615) 244-1910
Routing number: 66886
Charter number: 264080853
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