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 |
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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 |
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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 |
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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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