TVFCU Eliminates NSF Fees in 2025: How TVFCU Members Saved Millions in 2024 and Will Save Even More in 2025

January 10, 2025

At Tennessee Valley Federal Credit Union (TVFCU), we’re all about giving back to our members. In 2024, we saw an impressive year of savings, with tens of thousands of our members benefiting from unique services, competitive rates, and money-saving programs. And in 2025, we’re on track to return even more to you, our member-owners.

Saving on Mortgage Closing Costs: $668,000 in 2024

TVFCU members who used a TVFCU mortgage to purchase a home or refinance their mortgage in 2024 saw a huge benefit: we paid for their appraisals. By covering the cost of appraisal fees, we saved our members a total of $668,000 in mortgage closing costs. That’s money in the pockets of our members, making homeownership more affordable than ever. Whether you were buying your first home, refinancing an existing mortgage, or upgrading to your dream house, we were happy to support you through the process.

This special offer is continuing through 2025! Learn more on our Mortgage Savings page.

Savings with December Auto Loan Rate Special: $3.09 million

When it comes to auto loans, TVFCU members always enjoy competitive rates; in December of 2024, we offered an auto loan rate special that saved members over $3.09 million by having rates well below the national and local averages. The savings from our December rate special made buying a new or used vehicle more affordable, with lower monthly payments than you can get anywhere else. Whether you’re purchasing your first car, upgrading your vehicle, or refinancing your current loan, TVFCU is here to make it easier and more affordable.

Earning More with Certificates: Big Dividends

Throughout 2024, TVFCU’s Certificate specials helped our members earn significant dividends. By taking advantage of our special rates, members grew their savings with confidence, knowing they were getting the best rates in town. In total, TVFCU members earned $26.3 million in certificate dividends—money that was added right to their accounts thanks to the power of smart saving and the solid returns we’re proud to offer.

Looking Ahead: Over $4.5 Million in Savings in 2025 by eliminating NSF fees

As we step into 2025, we’re excited to announce that TVFCU members are poised to save even more. As of January 1, 2025, TVFCU has eliminated all Non-Sufficient Funds (NSF) fees on all checking accounts, and reduced Courtesy Pay Service fees to just $9 per item. This change is expected to save TVFCU members over $4.5 million in fees.

We know that unexpected expenses happen, and we’re committed to helping our members keep more of their hard-earned money. By removing these fees, TVFCU is helping to make banking more affordable for everyone.

Why Does TVFCU Offer These Benefits?

How is TVFCU able to return millions to our members? It’s all thanks to being well-managed, financially sound, and the loyal participation of our member-owners. As a member-owned, not-for-profit financial institution, we put our members' best interests first. Our goal is to offer the best possible financial products and services to our community while maintaining a healthy financial position to ensure we can keep offering these benefits year after year.

We also owe it to the support and loyalty of our member-owners. When you choose TVFCU, you’re not just a customer—you’re part of a cooperative that works together to help each other succeed. Your membership and participation in our credit union strengthen the services we can provide, and together, we create a thriving financial ecosystem where everyone can benefit.

TVFCU: A Place for All of Us in 2025 and Beyond

As we look ahead to 2025, TVFCU is more committed than ever to helping our members achieve their financial goals. With savings programs, competitive loan rates, and fee-reducing changes, we're constantly working to improve your financial experience.

The best part of all these savings? Because we are local and member-owned, all of this money returned to our member-owners stays right her in our community. When you bank with TVFCU, our whole community benefits.

Thank you for being a part of the TVFCU family. Together, we’re building a stronger, financially secure future for all of us.

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