As a member of Old Hickory, here are some things you should know:
1. Tennessee credit unions are celebrating 100 years this year. Old Hickory Credit Union has been in business for 89 years.
2. Old Hickory is insured by the National Credit Union Share Insurance Fund (NCUSIF), which is administered by the National Credit Union Administration (NCUA). The NCUSIF provides insurance coverage of up to $250,000 per individual depositor, similar to the Federal Deposit Insurance Corporation (FDIC) coverage for banks.
3. As a federally insured credit union, we undergo regular safety and soundness exams. We continue to be rated as a “well-capitalized” credit union, meaning we maintain a strong financial position, with sufficient capital to cover potential losses and unexpected events. In the United States, credit unions are required to meet specific regulatory capital requirements established by the NCUA.
Old Hickory remains safe, sound, highly liquid, and one of the top performing community financial institutions in Tennessee. As always, thank you for being a member.