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Volkswagen partners with TVFCU to open onsite bank branch in Chattanooga Assembly plant

February 15, 2024

Volkswagen partners with TVFCU to open onsite bank branch in Chattanooga Assembly plant

CHATTANOOGA, Tenn. – Volkswagen is pleased to announce the opening of a Tennessee Valley Federal Credit Union (TVFCU) branch inside its Chattanooga factory.

In the spirit of convenience and innovation, Volkswagen employees and contractors who bank with TVFCU are now able to take advantage of the onsite full-service branch to manage checking accounts, apply for consumer loans and utilize other financial services.

“We are always looking for opportunities to make life a little more seamless for our team. As a top employer in the region, we are committed to expanding the resources available to our employees, and we are proud to do so by collaborating with important community partners such as TVFCU. By opening this branch, we are raising the bar for workplace amenities in our world-class production facility” said Volkswagen Group of America president and CEO Pablo Di Si.

The partnership between Volkswagen and TVFCU not only makes banking more convenient for Volkswagen team members, but also aims to improve the financial literacy of employees who choose to take advantage of the free educational options now available.

“We are thrilled about the upcoming opening of our new branch inside the Volkswagen manufacturing facility. This innovative branch is designed with you in mind, enhancing convenience for VW employees and reinforcing our commitment to supporting the community we all share. As we get ready to become a part of your daily work life, we're especially excited about the opportunity to offer tailored financial education programs—a key step in making our branch 'a place for all of us.' We look forward to serving you better in this dynamic setting, said Tennessee Valley Federal Credit Union president and CEO Todd Fortner.

The Feb. 15 grand opening will conclude with a symbolic ribbon-cutting. The ribbon used is made from 100 one-dollar bills, signifying $100 that will be donated to United Way.

About Volkswagen Group of America
Volkswagen Group of America, Inc. (VWGoA) is a wholly owned subsidiary of Volkswagen AG, one of the world’s leading automobile manufacturers and the largest carmaker in Europe. VWGoA houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Lamborghini, and Volkswagen and is the sole importer and distributer of Bugatti and Rimac vehicles in the U.S. VWGoA also operates a state-of-the-art assembly facility in Chattanooga, Tennessee which produces Volkswagen brand vehicles including the Atlas, Atlas Cross Sport, and the ID.4. VW Credit, Inc. (doing business as “Volkswagen Financial Services”), a wholly owned subsidiary of VWGoA, provides financial services and innovative mobility solutions. Electrify America, another VWGoA subsidiary, is building a publicly-accessible, nation-wide electric vehicle charging network. VWGoA’s autonomous vehicle (AV) technology subsidiary, ADMT LLC, tests and proves AV technology. VWGoA’s headquarters are in Reston, Va. The company has approximately 10,000 employees in the United States and sells its vehicles through a network of approximately 1,000 independent dealers.
“VW”, “Volkswagen”, all model names and the Volkswagen logo are registered trademarks of Volkswagen AG. All other trademarks are the property of their respective owners.
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