Dec, 31, 2023 — KNOXVILLE TVA EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 25 branch locations and about $4.30 billion in total assets. Opened 90 years ago in 1934, KNOXVILLE TVA EMPLOYEES CREDIT UNION has about 275,896 members and employs 626 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 TVA EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1409 Centerpoint Blvd KNOXVILLE, TN 37932 |
| Phone: | (865) 544-5400 |
| Fax: | (865) 544-5427 |
| Website: | https://www.tvacreditunion.com |
| Branches: | 25 branch locations |
| Members: | 275,896 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68085 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,299,355,639 |
| CEO/Manager: | Lynn Summers |
| Chairperson: | Tom Heffernan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 505,354,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 81,711 |
| Real Estate Loans | 1,153,753,230 |
| Unsecured Loans | 147,025,899 |
| Other Loans | 2,320,407,071 |
| TOTAL LOANS | 3,631,446,520 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,962,848 |
| Land And Building | 90,729,998 |
| Other Fixed Assets | 5,492,317 |
| NCUSIF Deposit | 31,830,131 |
| All Other Assets | 1,393,688 |
| TOTAL ASSETS | 4,299,355,639 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 178,970,531 |
| Accounts Payable & Other Liabilities | 58,151,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 800,763,648 |
| Regular shares | 734,005,859 |
| All Other Shares & Deposits | 2,132,910,063 |
| TOTAL SHARES & DEPOSITS | 3,667,679,570 |
| TOTAL LIABILITIES | 3,904,801,580 |
| Regular Reserve | 0 |
| Other Reserves | -3,522,561 |
| Undivided Earnings | 398,076,620 |
| TOTAL EQUITY | 394,554,059 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,299,355,639 |
| INCOME & EXPENSE | |
| Loan Income | 163,299,151 |
| Investment Income | 13,239,506 |
| Other Income | 19,224,827 |
| Total Employee Compensation & Benefits | 56,918,644 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,571,182 |
| Non-operating Income & (Expense) | -172,876 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,784,568 |
| Cost of Funds | 60,307,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,300,514 |
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