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UTFCU celebrates 40 years


UT Federal Credit Union is celebrating its 40th anniversary as the Credit Union’s Farragut branch marks more than a year in the Town.

“Our birthday was May 15,” Farragut branch manager Leah Ezelle said. The bank was founded in 1969; Ezelle has worked with UTFCU since January 2008.

“The board of directors and the people who founded the credit union were faculty, staff and students of The University of Tennessee in Knoxville,” Malinda Wood, marketing director, said.


While these UT-affiliated persons still are associated with the Credit Union, UTFCU received a community charter in 2007, opening membership to “anyone who lives, works, worships, attends school, or just regularly conducts business” in Knox, Blount, Loudon, Anderson and Union counties.

“They all have the eligibility to join our Credit Union,” Wood said, adding the fee to open an account is merely $5.

To celebrate its anniversary, UTFCU is holding “Financial Survival Fairs,” which feature instruction on topics as varied as “how to grow your own groceries” to saving money on utilities and recycling to identity theft.

“We brought in experts throughout the community to help our members and the community at large to learn how to save some of their own money,” Wood said.

The first of these fairs was held May 15, but more will be held at UTFCU’s various locations, including Farragut’s Renaissance location, throughout the year.

These fairs are open to anyone, not only to members of UTFCU.

According to Wood, credit unions offer members the same services any bank offers its customers, but “generally you would have better rates and fees.”

“We try to make sure the money our members put in, because they’re the owners of the Credit Union, is lended out responsibly,” Wood said.

“We want to make sure we’re doing the right thing by our members.

“We’ve never participated in sub-prime lending. We’ve been very careful with our lending practices,” she added.

UTFCU is the fifth largest credit union in the area, with more than 25,000 members and $165 million in assets. There are seven locations in the state, five in Knox County.

“We’re looking for new opportunities to expand into the community, like Loudon County and Blount County,” Wood said.

UTFCU’s Farragut branch, 12744 Kingston Pike, Suite 104, is open from 9 a.m. to 5 p.m., Monday through Thursday and from 9 a.m. to 5:30 p.m., Friday. The branch is closed Saturday and Sunday.

For more information, visit www.utfcu.org or call 865-971-1971.

 

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