Advocacy Update

Credit Unions Welcome New Legislators to the TN General Assembly

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The Tennessee Credit Union League recently sent messages to all new members of the Tennessee legislature, welcoming them to their respective offices and promising to work with them for the good of credit unions and their members statewide.

The message emphasized that credit unions are our nation’s financial first responders, always on the front lines to support their members no matter the circumstances. Both the Covid-19 pandemic and the tornado that devastated downtown Nashville has only gone to underscore this.

From waiving fees on overdrafts and other services for those impacted, to adding skip-a-pays, instituting 90 day payment deferrals, to even establishing employee assistance accounts for those with greater hardships, credit unions met the moment with speed and precision. All of this, while some of our credit unions were literally rebuilding their offices.

Since that welcome message, the Tennessee Credit Union League, along with member credit unions in the new legislators’ districts, have already held several meetings and will continue to hold more in the coming weeks, to continue our advocacy in the goal that all Tennesseans may have access to both the financial system and high quality financial services.

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