Dec, 31, 2023 — KNOXVILLE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in KNOXVILLE, TN with 9 branch locations and about $240.99 million in total assets. Opened 90 years ago in 1934, KNOXVILLE TEACHERS FEDERAL CREDIT UNION has about 6,756 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KNOXVILLE TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 711 N Hall of Fame Dr KNOXVILLE, TN 37917-6722 |
| Phone: | (865) 582-2700 |
| Fax: | (865) 582-2801 |
| Website: | https://ktfcu.org |
| Branches: | 9 branch locations |
| Members: | 6,756 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24464 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $240,988,776 |
| CEO/Manager: | David A Underwood |
| Chairperson: | Jeffrey B Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,542,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 139,629,762 |
| Unsecured Loans | 6,151,333 |
| Other Loans | 28,083,494 |
| TOTAL LOANS | 173,864,589 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,794,468 |
| Land And Building | 0 |
| Other Fixed Assets | 274,704 |
| NCUSIF Deposit | 2,116,617 |
| All Other Assets | 6,000 |
| TOTAL ASSETS | 240,988,776 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 411,195 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,995,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,591,213 |
| Regular shares | 152,951,159 |
| All Other Shares & Deposits | 40,401,890 |
| TOTAL SHARES & DEPOSITS | 217,944,262 |
| TOTAL LIABILITIES | 220,350,863 |
| Regular Reserve | 0 |
| Other Reserves | 4,022,425 |
| Undivided Earnings | 16,615,488 |
| TOTAL EQUITY | 20,637,913 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 240,988,776 |
| INCOME & EXPENSE | |
| Loan Income | 7,471,274 |
| Investment Income | 817,413 |
| Other Income | 77,945 |
| Total Employee Compensation & Benefits | 3,021,394 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,299,050 |
| Non-operating Income & (Expense) | 1,282 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,438 |
| Cost of Funds | 4,047,883 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,614,244 |
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