Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted
ALEXANDRIA, Va. (April 23, 2019) – The National Credit Union Administration today placed Mid East Tennessee Community Credit Union in Decatur, Tennessee, into conservatorship.
Member deposits at Mid East Tennessee Community Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, the Share Insurance Fund insures individual accounts at Mid East Tennessee Community Credit Union up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.
Member services will continue uninterrupted at the credit union’s main office at 17640 State Highway 58 North, Decatur, Tennessee, and its branch office at 103 West Washington Avenue, Athens, Tennessee. Members can continue to conduct normal financial transactions, deposit and access funds, make loan payments, and use shares. Both offices are open Monday through Friday from 10 a.m. to 5 p.m. Eastern.
Members with questions about Mid East Tennessee Community Credit Union’s operations may contact the credit union at 423.334.2100. Members with questions about the conservatorship may review the Mid East Tennessee Community Credit Union frequently asked questions posted on the NCUA’s website. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage (opens new window) section of NCUA’s MyCreditUnion.gov (opens new window) consumer website.
Mid East Tennessee Community Credit Union is a federally insured, state-chartered credit union with 1,855 members and assets of $12,093,966, according to the credit union’s most recent Call Report. Mid East Tennessee Community Credit Union serves persons who have a residence in, work in, worship in, volunteer in, have a relative that lives in, or participate in programs to alleviate poverty or distress in Meigs, Rhea, or McMinn counties.