Knoxville Tva Employees Credit Unio

Organization Overview

Knoxville Tva Employees Credit Unio is located in Knoxville, TN. The organization was established in 1952. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Knoxville Tva Employees Credit Unio employed 606 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Knoxville Tva Employees Credit Unio is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Knoxville Tva Employees Credit Unio generated $162.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $111.1m during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 246,899 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES THAT MAINTAIN ACCOUNTS AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 246,899 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES, AND MAINTAIN ACCOUNTS AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUES AND EXPENSES ARE RELATED TO THIS PURPOSE.


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Board, Officers & Key Employees

Name (title)Compensation
Glenn Siler
Presidentceo
$669,223
Lynn Summers
Executive Vice President
$550,576
Shannon York
Senior Vpcfo
$372,732
Rebecca Lawson
Senior Vpcso
$334,008
Kimberley Trimble
Senior Vpcpo
$304,518
Jeffery Cotton
Cio
$248,221

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Designsensory
Marketing
$403,368
Avtex Solutions Llc
Phone Equip Spprt
$260,602
Moyers Cleaning Service
Cleaning Services
$276,670
Connect Financial Llc
Online Banking Svc
$1,506,831
Arca
Branch Equip Mtnce
$362,235
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$162,152,547
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $162,152,547

Peer Organizations

Organization NameAssets
Delta Community Credit Union
Atlanta, GA
$296,340,741
Eastman Credit Union
Kingsport, TN
$291,234,788
Georgia's Own Credit Union
Atlanta, GA
$147,500,350
Knoxville Tva Employees Credit Unio
Knoxville, TN
$162,152,547
Robins Financial Credit Union
Warner Robins, GA
$147,788,018
Atlanta Postal Credit Union
Atlanta, GA
$86,141,254
Commonwealth Credit Union
Frankfort, KY
$88,350,902
Georgia United Credit Union
Duluth, GA
$80,835,681
Lge Community Credit Union
Atlanta, GA
$81,568,561
Associated Credit Union
Norcross, GA
$74,274,351
Max Credit Union
Montgomery, AL
$76,797,432
Vizo Financial Corporate Credit Union
Greensboro, NC
$155,341,145

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