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March 2008
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Annual Meeting – What makes us different

Many of today’s credit union members have no idea how credit unions got started or what makes us different.  Credit unions were all started for pretty much the same reason, the little guy had no say in how banks were run.  Consequently, the little guy ceased to be represented and served by banks.  That gave a tremendous amount of power to other groups who were willing to fill the gaps for lending.  So called “loan sharks” really did exist and many people were taken advantage of financially after the Depression.

Old Hickory Credit Union got its start in January of 1934.  That makes us very likely one of Nashville’s oldest financial institutions.  Workers at the DuPont plant in Old Hickory joined together to form Old Hickory Credit Union which has now grown to serve more than 24,000 in Middle Tennessee and around the world.  Controlling 100s of millions in assets is everyday work for this one-time “little guy” credit union, but we’re still fundamentally the same.  In particular, and like all credit unions, we’re run by a volunteer Board of Directors of regular working people.  Every year at our Annual Meeting, we hold our election of our Board of Directors, and each member gets to vote in that election.  This year’s Annual Meeting and Election is scheduled for Friday March 14 at all branch locations.  Stop by any branch location that day to cast a ballot in our election and you will automatically be entered into our door prize drawing for some really nice prizes including a GPS and an iPod.  It’s our way of saying thanks.

While you’re online, take a look at this blog for credit unions called lookoutforthelittleguy.com 

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