Sep, 30, 2025 — KNOXVILLE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in KNOXVILLE, TN with 9 branch locations and about $248.65 million in total assets. Opened 92 years ago in 1934, KNOXVILLE TEACHERS FEDERAL CREDIT UNION has about 6,645 members and employs 37 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://www.ktfcu.org |
| Branches: | 9 branch locations |
| Members: | 6,645 |
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $248,646,715 |
| CEO/Manager: | David A Underwood |
| Chairperson: | Jeffrey B Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,445,042 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 153,124,018 |
| Unsecured Loans | 6,680,844 |
| Other Loans | 28,183,136 |
| TOTAL LOANS | 187,987,998 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,750,331 |
| Land And Building | 0 |
| Other Fixed Assets | 1,679,146 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,106,284 |
| All Other Assets | 0 |
| TOTAL ASSETS | 248,646,715 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 373,231 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 778,096 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,329,321 |
| Regular shares | 147,173,665 |
| All Other Shares & Deposits | 51,006,728 |
| TOTAL SHARES & DEPOSITS | 222,509,714 |
| TOTAL LIABILITIES | 223,693,005 |
| Regular Reserve | 0 |
| Other Reserves | 7,224,261 |
| Undivided Earnings | 17,729,449 |
| TOTAL EQUITY | 24,953,710 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,646,715 |
| INCOME & EXPENSE | |
| Loan Income | 7,475,438 |
| Investment Income | 704,189 |
| Other Income | 106,650 |
| Total Employee Compensation & Benefits | 2,345,900 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,120,973 |
| Non-operating Income & (Expense) | 80,940 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,680 |
| Cost of Funds | 3,990,974 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 837,690 |
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