TENCU is applying to become a Federally Chartered Credit Union! Find out what the difference is and what it means for you and the future of TENCU.
We're excited to share some important news about the future of Ten Credit Union. Our Board of Directors and Leadership Team is proposing a change from a Tennessee state-chartered credit union to a federal credit union. This change will allow us to better serve our members and community by expanding who can join, keeping fees low, and maximizing flexibility, all while continuing to offer the friendly service, affordable products, and advanced technology you've come to expect.
There will be no change in how you do your banking.
-
-
- We will continue to operate as TENCU.
- Your online and mobile banking will remain unchanged.
- Your checks and account numbers, as well as your debit and credit cards, will stay the same.
- All our branch locations will remain open.
-
Part of the application process includes a member vote. You will vote on the following proposals:
RESOLVED, that Ten Credit Union (TENCU) be converted to a federal credit union chartered in accordance with the Federal Credit Union Act and that operation under the laws of the State of Tennessee be discontinued.
RESOLVED FURTHER, that the Board of Directors and the officers of this credit union are hereby authorized and directed to do all things necessary to effect and to complete the conversion of this credit union from a state to federal charter.
-
-
- Please note that only the primary account holder is eligible to cast a vote on behalf of each membership.
- You may cast your vote online, or at any branch location on July 22, 2026, from 9 AM – 5 PM.
-
Approval of the conversion requires the affirmative vote of a majority of votes cast, provided the number of votes cast equals or exceeds the quorum requirement.
Ten Credit Union’s Board of Directors and Leadership Team strongly recommends a vote of YES to change from a Tennessee State-Chartered Credit Union to a Federally Charted Credit Union. On behalf of our Board and Leadership Team, we are excited and confident that this new direction is in the best interests of all member-owners. Thank you for your membership and for continuing to place your trust in us.
As a member-owner, your vote for the charter conversion will help make it possible for us to better serve you. Thank you for your consideration and please vote YES.
Why is TENCU converting from a state to a federally chartered credit union?
Because you deserve more — and we're ready to deliver it. Converting to a federal charter is how TENCU takes the next step in our mission to put members first. It means we can reach more people in our community, cut through regulatory red tape, offer more competitive rates and products, and run leaner so every dollar of savings comes back to you. This is TENCU growing stronger, for you.
What is the difference between a state and a federal charter?
Think of it as a change in who oversees us. Right now, TENCU answers to two separate agencies — the Tennessee Department of Financial Institutions (TDFI) as our charter regulator, and the NCUA as our deposit insurer. A federal charter brings both under one roof: the NCUA. Less complexity for us means more focus on what actually matters — serving you better every single day.
How will this change impact members?
Here's the short answer: everything you love about TENCU stays, and more good things are on the way. Your accounts, loans, and services remain exactly as they are. Your account number, routing number, checks, and cards don't change. Your deposits stay federally insured up to $250,000. And over time, you'll start to see the benefits — better rates, lower fees, and expanded services — as TENCU puts its new charter to work for you.
Why should members support this charter conversion?
Because this is your credit union — and this is your chance to help shape its future. A yes vote means more people in your community get access to the TENCU difference. It means a leaner, more efficient organization that can reinvest savings directly into better products for you. It means a TENCU that's built to grow and compete on your behalf for decades to come. When TENCU wins, you win.
Will there be service interruptions?
Not a single one. You'll keep banking with TENCU exactly as you do today — no hiccups, no disruptions, no hassle. We've planned this carefully so that the only thing you'll notice is the positive changes that follow.
Will members' account numbers/routing number change? Will members need to get new checks, debit/ATM cards, or credit cards?
Nope — nothing to replace, nothing to update. Your account number, routing number, checks, debit card, ATM card, and credit card all stay exactly the same. This transition is designed to be seamless for you, and that's exactly what it will be.
Does this impact federal insurance coverage?
Your Federal Insurance Coverage is not affected — fully insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. That doesn't change. That doesn't waver. Your money is safe, and it stays that way.
Will TENCU members have to approve the change from a state to federal charter?
Yes — and we think that's a great thing. This decision is too important to make without you. By law, a charter conversion requires a member vote, and we wouldn't have it any other way. We'll send you everything you need to make an informed decision. Read it, ask questions, and then make your voice heard. This is your credit union — own it.
When will the charter change happen?
The vote will happen on July 22, 2026 from 9:00 AM until 5:00 PM. We'll keep you in the loop every step of the way with clear, timely updates. No surprises — just transparency, the TENCU way. With a successful Yes vote, we anticipate a charger change by Q4 of 2026.
Will the credit union's name change?
The name you know and trust — TENCU — isn't going anywhere. Our operating name stays the same. Our legal name will update from Ten Credit Union to Ten Federal Credit Union to reflect our new charter, but everything that name stands for remains exactly the same.
Under a federal charter, can you still be a member if you move outside the eligible service area?
Absolutely — ONCE A MEMBER, ALWAYS A MEMBER. No matter where life takes you, your TENCU membership goes with you. That's the credit union promise, and it doesn't have an expiration date.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total dividends earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Auto Loans
Longer terms are available.
| Loan Type | APR1 Starting At | Months |
|---|---|---|
| 2020 - Current New or Used Auto |
5.49% | 63 |
| 2015 - 2019 Used Auto |
5.74% | 63 |
| 2015 - Older Used Autos |
8.99% | 60 |
1APR = Annual Percentage Rate on Loan Accounts, effective April 23, 2025. All rates and terms are subject to change and individual credit approval. Membership with Ten Credit Union is required to obtain a loan. The Base Annual Percentage Rate (APR) is the advertised rate and may vary based on creditworthiness, vehicle age, mileage, and loan terms. Financing up to the retail value of the auto is available. For more information, please call 1-844-468-3628 or visit a Ten Credit Union branch to speak with a loan officer and determine the rate you qualify for.
Payment example: $10,000 borrowed at 5.49% APR for 60 months = $190.97/month.
Boat Loans
| Loan Type | APR1 Starting At | Months |
|---|---|---|
| 2025 - current New |
5.99% | 48 |
| 2024 - 2020 Used |
7.99% | 48 |
| 2019 - 2015 Used |
8.99% | 48 |
1APR = Annual Percentage Rate on Loan Accounts, effective January 2025. All rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history, credit qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. Offer does not apply to loans currently financed with Ten Credit Union.
Payment example: $10,000 borrowed at 5.99% APR for 60 months = $193.28/month.
Checking
$5 Minimum to Open
| Product | APY1 | Minimum to Earn Dividends | Dividends Credited2 |
|---|---|---|---|
| Experience Checking | 0.30% | $10,000 |
Monthly |
| Free Debit | 0% | $0.00 | |
| Restart Checking | 0% | $0.00 |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at the end of which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Money Market Rates
$2,500.00 Minimum to Open. Rate adjusted based on account balance.
| Account Balance | APY1 |
| $2,500 - $9,999.99 | 1.25% |
| Equal to or greater than $10,000 but less than $24,999.99 | 1.50% |
| Equal to or greater than $25,000 but less than $74,999.99 | 2.10% |
| Equal to or greater than $75,000 but less than $149,999.99 | 2.35% |
| Equal to or greater than $150,000 but less than $174,999.99 | 2.65% |
| Equal to or greater than $175,000 but less than $249,999.99 | 3.00% |
| Equal to or greater than $250,000 but less than $499,999.99 | 3.15% |
| Equal to or greater than $500,000 and above |
3.35% |
1 APY = Annual Percentage Yield. APY is subject to change without notice. Membership with Ten Credit Union is required to open a Money Market account. See the Money Market Disclosures for all other applicable terms.
Mortgage, Home Refinance, & Home Equity Loan Rates
Call us for our current low rates: (615) 244-1910.
1 APR = Annual Percentage Rate is a variable based on an index plus a margin. APR is based on the evaluation of the applicant’s credit qualifications and associated LTV ratio. Available on new HELOCs only. Your actual APR may vary. All balances will accrue interest at the variable APR in effect for your account. The variable APR, as low as 8.50% APR, is based on the Prime Rate as disclosed in the Wall Street Journal, plus or minus a margin based on your credit history. The variable rate is subject to change each quarter thereafter, as stipulated by your original terms and conditions. The maximum APR is 18%. All rates and offers are current as of July 12, 2024, and subject to change without notice. Other conditions may apply. Advance amounts must be within your existing credit limit. Membership with Ten Credit Union is required to obtain a loan. Please get in touch with us for more information.
Motorcycle Loans
| Year | APR1 Starting At | Months | |
|---|---|---|---|
| 2025 - Current > 3,000 miles New |
5.99% | 48 | Longer terms available |
| 2024 - 2020 Used |
7.99% | 48 | Longer terms available |
| 2019 - 2015 Used |
8.99% | 48 | Longer terms available |
1APR = Annual Percentage Rate on Loan Accounts, effective January 2025. Rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history, qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. This offer does not apply to loans currently financed by Ten Credit Union.
Payment example: $10,000 borrowed at 5.99% APR for 60 months = $193.28/month.
Personal Loans
| Loan Type | APR1 Starting At | Months | |
|---|---|---|---|
| Signature (Personal) | 10.99% | 24 | Longer Terms Available. |
| Personal Line of Credit | 13.15% | ||
| No Credit Loan | 17.99%3 | 12 | |
| Certificate Secured | Starting at Deposit APY2 + 2.00% | 36 | $3,000 Minimum Amount. Longer Terms Available. |
1APR = Annual Percentage Rate on Loan Accounts, effective January 2025. All rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. Rate and term are based on the evaluation of the applicant’s creditworthiness. Not all applicants will qualify for the lowest rate. Other restrictions may apply. Offer is subject to change without notice. Membership with Ten Credit Union is required to obtain a loan. A 45-day deferral of the first payment is available on this loan. Deferring a payment will delay the payoff of your loan and result in additional finance charges if you only make minimum payments. The 45-day deferral program is subject to change at any time.
2 APY = Annual Percentage Yield = APY is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
3APR = annual percentage rate. Loans from $500 to $1,000 with terms up to 12 months. Two (2) No Credit Loans allowed per calendar year. Four (4) full monthly payments must be made before applying for the next No Credit Loan. Payment example: $1,000 borrowed at 17.99% APR for 12 months = $91.68/month.
Recreational Vehicle Loans
(Marine, RVs, Campers, ATV, and UTVs)
| Loan Type | APR1 Starting At | Months | |
|---|---|---|---|
| 2026 - 2025 | 5.99% (New) | 48 | Longer terms are available. |
| 2024 - 2020 | 7.99% (Used; Refinance) | 48 | Longer terms are available |
| 2019 - 2015 | 8.99% (Used; Refinance) | 48 | Longer terms are available |
| 2014 - Older | 10.74% (Used; Refinance) | 36 | Longer terms are available |
1 APR = Annual Percentage Rate on Loan Accounts, effective January 2025. Rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history and qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. This offer does not apply to loans currently financed by Ten Credit Union.
Payment example: $10,000 borrowed at 5.99% APR for 60 months = $193.28/month.
Rewards Debit
| Balance | Minimum Opening Deposit | Rate | APY | Dividends Credited2 |
|---|---|---|---|---|
| Experience Checking | 0.30% | $10,000 |
Monthly |
|
| Free Debit | 0% | $0.00 | ||
| Restart Checking | 0% | $0.00 |
Share Certificate & Share IRA Certificate Rates
$500 Minimum to Open
| Term | APY1 | Dividends Credited2 |
|---|---|---|
| 3 Month | 3.65% | Monthly |
| 6 Month | 3.45% | Monthly |
| 9 Month | 4.10% | Monthly |
| 12 Month | 3.65% | Monthly |
| 18 Month | 1.75% | Monthly |
| 24 Month | 1.85% | Monthly |
| 36 Month | 2.15% | Monthly |
| 48 Month | 2.15% | Monthly |
| 60 Month | 2.15% | Monthly |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Shares Rate Schedule
| Product | APY1 | Minimum to Open |
Minimum to Earn Dividends2 | Dividends Credited3 |
|---|---|---|---|---|
| Share Savings | 0.10% | $5.00 | $250.00 | Quarterly |
| Anytime Savings | 0.15% | $5.00 | $100.00 | Quarterly |
| Club Accounts | 0.15% | $5.00 | $100.00 | Quarterly |
| IRA Accumulation | 0.20% | $100.00 | $250.00 | Quarterly |
| Roth IRA | 0.20% | $100.00 | $250.00 | Quarterly |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividends are earned quarterly and calculated using the average daily balance method.
3 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at the end of which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
VISA Rewards Credit Card
| APR1 Starting At | Months | |
|---|---|---|
| 14.15% | N/A | No Annual Fee; No Balance Transfer Fees |
1 APR = Annual Percentage Rate is current as of April 2026 and based on the applicant's credit history and credit qualifications. APRs are variable and currently range from 14.15% to 18% based on the applicant's creditworthiness. This APR will vary with the market based on the Prime Rate as disclosed in the Wall Street Journal, plus or minus a margin based on your credit history. Not all applicants will qualify for the lowest rate. All rates and terms are subject to change. Membership with Ten Credit Union is required to obtain a credit card. Foreign Transactions and Cash Advance Fees may be charged. With CU Rewards, earn one point for every dollar spent. Certain other restrictions may apply.