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Listerhill Celebrates One Year in Spring Hill

Listerhill Credit Union proudly marked its one-year anniversary in Spring Hill with a community-focused celebration.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

SPRING HILL, Tenn. - On Tuesday, April 29, 2025, Listerhill Credit Union proudly marked its one-year anniversary in Spring Hill with a community-focused event highlighting growth, partnerships, and giving back to local education.

The celebration featured member testimonials and remarks from community representatives. In addition to the dozens of contributions Listerhill has already made to the community throughout the year, the credit union celebrated its impact by providing special contributions to Spring Hill Elementary and Spring Hill Public Library.

It was a celebration not only of Listerhill's growth in the area but also of its deepening connection with the community, according to Listerhill Chief Operations Strategist Alanna Sullivan.

Sullivan opened the one-year ceremony by stating,

"Today marks an important milestone in our journey - one year of service, growth, and connection. Over the past year, we've had the privilege to become part of this community, not just as a financial institution, but as a trusted neighbor and partner. We have been inspired by the people and partnerships that have defined our experience here. This branch reflects our long-term commitment to making a difference - by valuing people over profit."
Sullivan continued,"As we move forward, our focus remains on growth for our members and for the community. We are excited for the opportunities ahead to innovate, strengthen our partnerships, and ensure that we continue to meet the evolving needs of those we serve."

Isaac Siddiqui, Spring Hill Branch Manager, continued the ceremony stating that it has been an incredible year since Listerhill first opened the doors. Siddiqui said,

"We've had the privilege of getting to know so many of you, helping with your financial needs, and being a part of this wonderful community. It's been truly rewarding to see how we have been able to make a difference, whether it's through supporting local events, helping families with their financial goals, or just being here when you need us."
"We are excited to keep growing with you, and we will continue to strive and uplift our community", added Siddiqui.

As part of the celebration, Listerhill presented two surprise contributions totaling $17,000, with $10,000 presented to Spring Hill Elementary School and $7,000 to the Spring Hill Public Library.

"We are thrilled to receive support from Listerhill," said Spring Hill Library Director Dana Juriew. "It's inspiring to partner with an organization that shares our vision for community enrichment."
Dr. Renata Powell, Principal of Spring Hill Elementary School, expressed appreciation for the continued partnership by stating, "Listerhill's generosity and genuine investment in our students' success has made a real difference."
"This support helps us create more opportunities for learning and growth, and we are incredibly grateful," added Powell.

About Listerhill Credit Union

Listerhill Credit Union is a nonprofit, member-owned financial institution dedicated to improving lives in the community. Founded by employees of Reynolds Metals 73 years ago, Listerhill has grown to include 92,000 members, $1.4 billion in assets and 18 branches across north Alabama and south-central Tennessee.

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  • What happens when federally insured credit unions merge?

    If a member has accounts in credit union A and credit union B, and credit union A merges into credit union B, accounts of credit union A continue to be insured separately from the share deposits of credit union B for six months after the date of the merger or, in the case of a share certificate, the earliest maturity date after the six-month period. In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. A share certificate that matures within the six-month grace period that is renewed on any other basis, or that is not renewed, is separately insured only until the end of the six-month grace period.

  • What happens if a federally insured credit union is liquidated?

    The NCUA would either transfer the insured member's account to another federally insured credit union or give the federally insured member a check equal to their insured account balance. This includes the principal and posted dividends through the date of the credit union's liquidation, up to the insurance limit.

  • If a credit union is liquidated, what is the timeframe for payout of the funds that are insured if the credit union cannot be acquired by another credit union?

    Federal law requires the NCUA to make payments of insured accounts "as soon as possible" upon the failure of a federally insured credit union. While every credit union failure is unique, there are standard policies and procedures that the NCUA follows in making share insurance payments. Historically, insured funds are available to members within just a few days after the closure of an insured credit union.

  • What happens to members with uninsured shares?

    Members who have uninsured shares may recover a portion of their uninsured shares, but there is no guarantee that they will recover any more than the insured amount. The amount of uninsured shares they may receive, if any, is based on the recovery of the failed credit union's assets. Depending on the quality and value of these assets, it may take several years to conclude recovery on all the assets. As recoveries are made, uninsured account holders may receive periodic payments on their uninsured shares claim.

  • What happens to my direct deposits if a federally insured credit union is liquidated?

    If a liquidated credit union is acquired by another federally insured credit union, all direct deposits, including Social Security checks or paychecks delivered electronically, will be automatically deposited into your account at the assuming credit union. If the NCUA cannot find an acquirer for the liquidated credit union, the NCUA will advise members to make new arrangements.