NASHVILLE -- Remove the Interim from his title, Michael D. Martin has been named president/CEO of $205 million The Tennessee Credit Union.
Martin's educational background includes an A.S. in Banking Technology from Nashville State Technical Institute and a B.S. in Management of Human Resources from Trevecca Nazarene College.
Spending his entire working career in credit unions, Martin has been with TTCU for 24 years, and has held nearly every position in credit union operations, including vice president, senior vice president, executive vice president, and most recently, interim president/CEO.
He continues to serve on the credit union's Asset Liability, Investment, and Technology committees, and acts as liaison to the Member's Development Corporation.
Martin was involved with opening 12 of 13 TTCU locations, overseeing the construction or renovation of 11 of those offices. He supervised the credit union's conversion to an in-house data processing system, implemented risk-based loan pricing, and introduced a home equity line-of-credit product.
In addition, Martin implemented and maintained the TTCU's program of Asset Liability Management to ensure compliance with budgeted goals and applicable regulations.
Under Martin's leadership, results in lending continue to be very positive. In 2006 alone, TTCU achieved a loan growth rate of 16%, reduction of 76% in delinquency, and 22.5% reduction in net charge-off loans.