Knoxville Teachers Federal Credit Union's recent decision to add a remote electronic signature module to allow real-time loan-document signing online is already receiving a passing grade from its members.
The $206 million credit union, which serves Knox County, Tenn. and the surrounding area, finds itself in an increasingly competitive market with a limited membership pool. Because of this, the credit union's digital strategy is a top priority.
"We're a very old fashioned, closed-membership credit union. We're really an anachronism. There are very few non-community credit unions around that I'm aware of. So, what we have is a very small pond to fish in. We have our chartered field of membership – educators and school employees," David Underwood, treasurer/manager for the credit union, said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.