Dec, 31, 2023 — KNOX COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in KNOXVILLE, TN with 2 branch locations and about $34.52 million in total assets. Opened 69 years ago in 1955, KNOX COUNTY TEACHERS FEDERAL CREDIT UNION has about 2,191 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KNOX COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6821 Maynardville Pike KNOXVILLE, TN 37918-5310 |
| Phone: | (865) 922-7481 |
| Fax: | (865) 922-7488 |
| Website: | https://www.kctfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,191 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10676 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,522,886 |
| CEO/Manager: | Julie McMillan |
| Chairperson: | Robert A Huff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,401,950 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,369,218 |
| Unsecured Loans | 779,658 |
| Other Loans | 11,491,635 |
| TOTAL LOANS | 19,640,510 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,440 |
| Land And Building | 738,308 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 331,171 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,522,886 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,895 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 135,904 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,023,372 |
| Regular shares | 20,376,178 |
| All Other Shares & Deposits | 2,987,057 |
| TOTAL SHARES & DEPOSITS | 30,386,608 |
| TOTAL LIABILITIES | 30,525,407 |
| Regular Reserve | 0 |
| Other Reserves | 650,372 |
| Undivided Earnings | 3,347,107 |
| TOTAL EQUITY | 3,997,479 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,522,886 |
| INCOME & EXPENSE | |
| Loan Income | 735,672 |
| Investment Income | 345,306 |
| Other Income | 56,177 |
| Total Employee Compensation & Benefits | 283,544 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 463,272 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 26,636 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 418,254 |
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