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 |
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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 |
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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 |
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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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» See also Statement of Financial Condition