People are of utmost importance at Volunteer Federal – one of its strongest assets, as well as a distinguishing characteristic. By emphasizing people and not facilities, Volunteer Federal has grown from a single room mortgage loan office into a six branch full service institution. The common denominator throughout over 40 years of Volunteer Federal history is its people.

The majority of the board of directors has been with the bank since its beginning as well. They comprise some of the most astute businesspeople in the county, who have sculpted the bank’s underlying strengths with their own principles, virtues, and community-minded leadership.

We know the continued growth and success of our business depends on the trust, friendship, and loyalty of our customers – which is dependent on our personnel. The longevity of employees at Volunteer Federal attests to its strong foundation: over 60% of our employees have been with the bank for more than 10 years. Every individual at our bank is dedicated to the financial, economic, and social strength of the communities we serve. A true spirit of giving permeates every department at Volunteer Federal. Ours is an extended family, which selflessly contributes to the well-being of each member, and extends the same caring attitude to the individual customers and to each home town community it serves.

Even with the convenience of online banking, ATMs, and mobile transactions, meeting face-to-face and personally interacting with your banker is a welcome option. At Volunteer Federal, the staff at your branch are probably the same neighbors you see at the school softball game or share a bench with at church or work with as a community volunteer. Regular customers are greeted by name as soon as they enter the lobby, and this is an aspect of doing business that our customers highly value.


Tired of feeling like an anonymous account number, dealing with a huge banking corporation headquartered far away? Volunteer Federal Savings Bank is a locally owned, state chartered, FDIC-insured, financial institution. As a non-stock mutually-owned savings bank, Volunteer Federal’s depositors are its owners. We offer a full line of banking services to individuals, families, businesses, and organizations within and around Monroe County. Six VolFed branch locations – in Madisonville, Sweetwater, Vonore, and Tellico Plains – serve our communities. We are dedicated to providing neighborly, friendly customer service as the area’s only hometown community bank.