March 23 Marks 100 Years of Tennessee Credit Unions
March 23 marks a historic milestone for the financial well-being of Tennesseans. A century ago, Governor Austin Peay signed the Tennessee Credit Union Act, making Tennessee the 14th state to establish state-chartered credit unions. We honor the credit union pioneers who fought tirelessly for a better way to bank, for those who knew then that […]
Celebrating 100 Years of Tennessee Credit Unions
One hundred years ago Austin Peay had just begun his first term as Tennessee’s governor. When Peay took office in 1923, Tennessee was more than $3 million in debt and ranked 49th per capita expenditures for government services. The state’s educational system ranked last in teacher salaries and 43rd in per-pupil expenditure. There were few […]
Tennessee and Kentucky Representatives Press CDFI About Recertification
Earlier this summer, Community Development Financial Institutions (CDFI) certified-credit unions across the country and here in Tennessee began receiving cure notices for their CDFI recertification applications.
Tennessee Legislature Wraps up 2022 Session
The 2022 portion of the 112th Tennessee General Assembly has concluded, marking the end of legislative business for the year. The 2022 session once again saw a coalition of credit unions, banks, and card companies team up to defeat harmful legislation that would have reduced interchange fee income that credit unions receive by 10%. While […]
NCUA Board Member Rodney Hood Visits Tennessee Roundtable
NCUA Board Member Rodney Hood recently joined Tennessee credit unions in Nashville for a roundtable discussion. Thirteen credit unions were represented with more than 30 attendees. Credit unions discussed the current state of overdraft protection, fintech, crypto and digital currency, board modernization, and the CFPB. Board Member Hood focused on financial inclusion as the civil […]
Member Expulsion Goes from a Bill to a Law!
TriStar Advocacy Report School House Rock – Member Expulsion Goes from a Bill to a Law! On March 15, 2022, President Biden signed the $1.5 trillion omnibus spending bill into law, including lots of items like aid for Ukraine, funding for our government, and a small but essential piece of legislation to help credit unions. […]
2022 GAC Wrapup and Nashville Update
2022 GAC The 2022 CUNA Governmental Affairs Conference – and for the first time since 2020 in person – has come and gone. The conference featured many fantastic speakers and topics, including cryptocurrency, financial well-being for all, and many others. Sixty people represented Tennessee’s credit unions in Washington DC, meeting with federal legislators to discuss […]
2022 Legislative Regulatory Forum Highlights
2022 Leg Reg Highlights 2021 Efforts and Looks to Future After being unable to host our typical winter event in 2021 due to COVID, credit unions across Tennessee were glad to be back in Nashville for the 2022 Legislative and Regulatory Forum. With an outstanding lineup of speakers, credit unions heard from regulatory and advocacy […]
Advocacy Update-January 2022
Last week, the 112th Tennessee General Assembly returned for its 2022 session. The prevailing view around the legislature is that this year will predominately revolve around adjusting the main formula that controls education funding for the state. Leadership is anticipating the required business will take roughly three and a half months with a view to […]
Advocacy Update-Wrap Up of 2021
The past year saw many legislative victories for credit unions. Credit union advocates were prepared, ready and active throughout 2021 and made a big difference. Let’s look back on a few of the victories from 2021: In Nashville Interchange: The League teamed up with Bankers Association and card companies to defeat legislation for the second […]