NASHVILLE, Tenn.—Two Tennessee credit unions are volunteering to merge.
The $52.9-million Vanderbilt Credit Union in Nashville, which has 6,900 members, and the $914.3-million Fortera Credit Union in Clarksville, which has 83,000 members, are seeking to combine.
“The unique partnership preserves Vanderbilt Credit Union’s heritage while adding Fortera’s scale and technology to better serve the Vanderbilt University and Vanderbilt Health communities,” the credit unions said in a statement.
‘Growing With Purpose’
“This merger is about growing with purpose. It means better digital tools, more competitive rates and products built around the unique needs of the Vanderbilt community,” VCU President Mike McDonald said in a statement. “Members will see more access points, longer hours, and an expanded focus on financial education. Partnering with Fortera helps us move faster while keeping the local service that our members count on.”
Vanderbilt Credit Union said it has long partnered with Fortera to provide mortgage services to its members.
Vanderbilt Credit Union will retain its name and brand identity, pending approval, the credit union said.
“This merger is the thoughtful alignment of two credit unions who share a commitment to people, purpose, and progress,” FCU President and CEO jennif3r Ventimiglia said in a statement. “Together, we’re honoring the legacy that defines Vanderbilt and its credit union community while smartly growing for the future.”
Subject to approval, the merger is expected to be finalized in the third quarter of 2026.
Financial Performance
Vanderbilt CU posted $30,301 in net income as of Sept. 30, with capital at 9.56%. Fortera CU had $5.5 million in net income and net worth of 12.28% as of the same date.
