TENNESSEE CREDIT UNION HALL OF FAME Tennessee Credit Union League • Volunteer Corporate Credit Union
Each year the Tennessee Credit Union League and Volunteer Corporate Credit Union jointly sponsor the Tennessee Credit Union Hall of Fame Award. This award is presented each year to recognize the commitment, leadership and dedication that deserving individuals have made to the credit union movement.
TENNESSEE CREDIT UNION LEAGUE ANNUAL MEETING AND CONVENTION Gatlinburg, Tennessee
TENNESSEE CREDIT UNION LEAGUE It is the mission of the Tennessee Credit Union League to promote and support the success and advancement of credit unions in the State of Tennessee. The League will accomplish this mission by: • Positively influencing the legislative and regulatory atmosphere for credit unions. • Assisting, educating, training, and informing its member credit unions and their key audiences. • Encouraging cooperation between credit unions, members of credit unions, League chapters, leagues of credit unions, the Tennessee Department of Financial Institutions, National Credit Union Administration, the Credit Union National Association, Inc., and other related parties.
HOW DO WE FUND THESE SERVICES? League Dues CUNA Mutual TCUL Subsidiaries Tennessee Credit Union League
LEAGUE DUES • Tennessee is a low dues state • As the number of Credit Unions decline so does the dues dollars • Over the last 30 years we have lost over 300 credit unions in Tennessee • When a credit union merges, the dues dollars go away • We are committed to being a high-service, low-dues state TCUL works hard to control expenses Historically TCUL has been ranked as one of the most efficient Leagues in the country
EXPENSE CONTROL • TCUL actively seeks out the best in class providers and we become a customer or partner to deliver high-quality services to our member credit unions. • Good Examples of this are: • League InfoSight • Small Credit Union Meetings • PolicyPro • Supervision Fee Assistance • PolicyWorks • Salary Survey • HR Suite • Lobbying (State & Federal) • CPD Online These are all dues supported services
CUNA MUTUAL PARTNERSHIP • CUNA Mutual group contributed more than $26 million dollars to the support of the following: • CUNA • World Council of Credit Unions • World Council of Credit Unions Foundation • Credit Union Leagues • Filene • Cooperative Trust • Industry Advocacy & Grassroots Campaigns • In November of 2016 CUNA Mutual Group extended their agreement with all Leagues through 2019
TCUL SUBSIDIARY COMPANIES CU Services Inc. Tennessee Credit Union League League Point Capital Rock Inc. Group
INDUSTRY OVERVIEW • Asset Growth • Tennessee Credit Union Asset Growth 2016 – 7.2% • National Credit Union Asset Growth 2016 – 7.4% • Tennessee Bank Asset Growth 2016 – 11.8% • Credit Union Loan Growth • Tennessee Credit Union Loan Growth – 11.1% • National Credit Union Loan Growth – 10.6% • Tennessee Bank Loan Growth - 14.3%
LOAN DISTRIBUTION • Real Estate Loan Growth • Tennessee Credit Union - Real Estate Loan – 9.4% • Tennessee Bank- Real Estate Loan- 13.4% • Commercial Loan Growth • Tennessee Credit Union – 16.3% • Tennessee Bank-15.6% 2015 Commercial Loan growth in Tennessee was 17.7% for Credit Unions and a staggering 22.7% for Tennessee Banks.
TCUL CHALLENGE Your League and CUNA must continue to lobby Congress and work with Federal and State Regulators to provide increased access to Credit Union Business services.
REGION III STATISTICS • Region III is made up of the following States: • Louisiana – 192 Credit Unions • Alabama – 113 Credit Unions • Mississippi – 78 Credit Unions • Arkansas – 58 Credit Unions • North Carolina – 73 Credit Unions • Florida – 141 Credit Unions • Puerto Rico – 11 Credit Unions • Georgia – 114 Credit Unions • South Carolina – 65 Credit Unions • Indiana – 143 Credit Unions • Tennessee – 148 Credit Unions • Kentucky – 69 Credit Unions • Virgin Islands – 5 Credit Unions
WHERE DOES TENNESSEE CREDIT UNIONS RANK IN THE REGION? • 2 nd Most Credit Unions • ROA .84% (Highest in the Region) • Net Worth 12.66% • Delinquency .53% (Lowest in the Region) • Asset Growth 7.41% • Loan Growth 11.15% (2 nd Highest in Region) • Share Growth 7.08% Credit Unions are doing well in Tennessee
COMPLIANCE The growing compliance burden continues to be a drain on Credit Union resources Your League is continually searching for tools to ease the compliance burden for credit unions CUNA Compliance tools are being made available to member credit unions
NEW DUES SUPPORTED SERVICES • HR Suite from HR Performance Solutions is a total human resource compliance solution for your company. It’s a centrally-administered, customizable online company Policy Manual and Employee Handbook, plus a collection of HR management tools including an entire library of federally compliant HR forms. • TNMIC – Young professionals network • Active Shooter Preparedness materials • CEO Forum • Public Awareness Campaign
Securing your future Credit Unions and YOU aSmarterChoice.ORG
WE NEED ADVOCATES As an industry we need to harness our greatest resource…our members. We have over 2 million credit union memberships in Tennessee We have to find a way to instill passion about the credit union like other organizations instill in their members.
FEDERAL PAC CONTRIBUTIONS Ascend Federal Credit Union was the number 3 contributor in the country. All funds are contributed by the staff of Ascend FCU.
EDWARD FILENE The credit union movement…It is a great movement worthy of great deeds, deserving of great loyalty.
THE MEMBER IS THE CENTER Credit Union Credit Union Member Tennessee Credit CUNA Union League
TENNESSEE CREDIT UNION LEAGUE ANNUAL MEETING AND CONVENTION Gatlinburg, Tennessee
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