TVFCU Awarded on the Forbes America's Best-In-State Credit Unions 2024
June 21, 2024
TVFCU Awarded on the Forbes America’s Best-In-State Credit Unions 2024
[Chattanooga, Tn., June 21, 2024] – Tennessee Valley Federal Credit Union (TVFCU) has been awarded on the Forbes list of America’s Best-In-State Credit Unions 2024 for the fourth consecutive year! This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 18th, 2024, and can be viewed on the Forbes website.
Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Credit Unions 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state.
The ranking is based on two sources:
1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all credit unions where they have a checking/savings account and rate the credit unions in six different subdimensions: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Services, and Financial Advice.
2. Publicly Available Reviews: For each credit union in each state, a sentiment analysis approach of publicly available online text reviews and ratings was applied.
In each state, the credit union with the highest combined score from the analysis of survey results and publicly available reviews was awarded. The survey score was rated 80% and publicly available reviews 20%.
Based on the study results, TVFCU is ecstatic to be recognized on the Forbes list of America’s Best-In-State Credit Unions 2024.
Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.
“We are incredibly honored that the tremendous reviews and independent survey responses of our members resulted in TVFCU being recognized by Forbes as one of America's Best-In-State Credit Unions for the fourth consecutive year” says Todd Fortner, President and CEO of TVFCU. “This achievement is a testament to the unwavering trust and support of the Tennessee Valley, and the relentless dedication of our team. Together, we will continue to build a brighter financial future for our community.”
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About Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union (TVFCU), a not-for-profit financial cooperative, was established in 1936 when 57 Chattanooga TVA employees pooled $500 to create the member-owned credit union. Today, TVFCU serves more than 165,000 members who live, work, worship, volunteer or attend school throughout the 17-county service community. With more than $2.6 billion in assets and 25 branches throughout the area, TVFCU is the largest credit union in Southeast Tennessee. For more information about TVFCU, please visit tvfcu.com.
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