2024-05-15T15:52:00-04:00 2023-12-31 621501873 Peters and Associates 9050 Executive Prk Dr Ste 220A Knoxville TN 37923 990 2023-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION KNOX PO BOX 36027 KNOXVILLE TN 37930 LYNN SUMMERS PRESIDENTCEO 8655445400 2024-04-10 true LYNN SUMMERS true CRAIG PETERS P00592909 8656947128 2024-05-15 2 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z 239882904 false X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 275,896 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. 8 8 627 14 0 0 0 170977094 239882904 0 0 170977094 239882904 0 22017729 60307996 50990664 56918644 0 0 47346057 60355750 120354450 177582390 50622644 62300514 3843283171 4299355639 3501027214 3904801580 342255957 394554059 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 275,896 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. false false 177582390 239882904 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 275,896 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. 177582390 false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 52589 0 true 627 true true true false false false false false false false false false false false false false false false false X 8 8 false false true false true true true true true false false false true true true true true true true false TN X KNOXVILLE TVA EMP CU 8655445400 PO BOX 36027 KNOXVILLE TN 37930 X GLENN SILER PRESIDENTCEO 40.00 0.00 X 780159 0 22506 LYNN SUMMERS PRESIDENTCEO 40.00 0.00 X 566854 0 20669 SHANNON YORK SENIOR VPCFO 40.00 0.00 X 418867 0 20333 REBECCA KOLLENBERG SENIOR VPCSO 40.00 0.00 X 366405 0 21755 KIMBERLEY TRIMBLE SENIOR VPCPO 40.00 0.00 X 342258 0 21155 JEFF COTTON CIO 40.00 0.00 X 291632 0 24723 MICKA VADEN VP BRANCH OPERATIONS 40.00 0.00 X 218313 0 21556 DENISE ODELL VP ELECTRONIC SERVICES 40.00 0.00 X 215999 0 22243 RUSTY ARWOOD VP BUSINESS SERVICES 40.00 0.00 X 213390 0 22578 TRACY NICHOLS VPCONTROLLER 40.00 0.00 X 202753 0 22340 DALE BROOME VP REAL ESTATE LENDING 40.00 0.00 X 194002 0 15807 PAMELA WESTON CTO 40.00 0.00 X 179530 0 16678 KEITH TURNER AVP IT OPERATIONS 40.00 0.00 X 165463 0 20556 KIMBERLY ELKINS VP INTERNAL AUDIT 40.00 0.00 X 161676 0 16124 CHARLOTTE HAVELY VP MARKETING 40.00 0.00 X 155611 0 21044 MARK JENKINS VP COMPLIANCE & RISK MANAGEME 40.00 0.00 X 158274 0 16039 DARREN LEE VP CONSUMER LENDING 40.00 0.00 X 152316 0 15887 ELIZABETH DUNN AVP BRANCH OPERATIONS 40.00 0.00 X 137000 0 20511 BRIAN OWENS SYSTEM ADMINISTRATOR 40.00 0.00 X 133148 0 20390 ALICIA MCAULEY SUPPORT SERVICES DIRECTOR 40.00 0.00 X 132568 0 19731 JOSEPH JANCO NETWORK ENGINEER III 40.00 0.00 X 129778 0 16692 LISA MCDANIEL AVP INDIRECT LENDING 40.00 0.00 X 126379 0 15184 MICHAEL JESSIE IT INFRASTRUCTURE MANAGER 40.00 0.00 X 117654 0 19999 DEREK S PHILLIPS BUSINESS SERVICES MANAGER 40.00 0.00 X 117362 0 19923 KENDRA CARPENTER VP REAL ESTATE LENDING 40.00 0.00 X 116947 0 17372 MELINDA REAGAN SYSTEM ADMINISTRATOR 40.00 0.00 X 113627 0 19852 DONNA R LEWIS SR REAL ESTATE LENDING LOAN O 40.00 0.00 X 122412 0 10557 DEBBIE HURST AVP ELECTRONIC SERVICES 40.00 0.00 X 117749 0 14944 KIMBERLY LEWIS BRANCH MANAGER 40.00 0.00 X 115576 0 14832 JESSICA EMBREY REAL ESTATE LENDING UNDERWRIT 40.00 0.00 X 110363 0 18206 MANDI HILL REGIONAL BRANCH MANAGER 40.00 0.00 X 108092 0 18174 BRANDY JONES CONTACT CENTER MANAGER-MEMBER 40.00 0.00 X 107107 0 19002 JENSEN CORNELIUS SECURITY SAFETY SUPPLIES DI 40.00 0.00 X 103553 0 19539 TAMMY COMBS REGIONAL BRANCH MANAGER 40.00 0.00 X 107547 0 14658 BRANDY GREGG SR REAL ESTATE LENDING LOAN O 40.00 0.00 X 101085 0 19506 PAM SZYMANSKI COLLECTIONS MANAGER 40.00 0.00 X 109993 0 10240 ALLISON HOLT REAL ESTATE LENDING UNDERWRIT 40.00 0.00 X 100086 0 19495 THOMAS BALL JR REAL ESTATE LENDING UNDERWRIT 40.00 0.00 X 107568 0 10177 MONICA DUPREE HR DIRECTOR 40.00 0.00 X 102663 0 14529 JUSTIN WAMPLER ACCOUNTING MANAGER 40.00 0.00 X 100492 0 14432 JOHN HADDEN COMMERCIAL LENDERUNDERWRITER 40.00 0.00 X 103796 0 9669 TOM HEFFERNAN CHAIRPERSON 0.00 0.00 X 0 0 0 ANDREA E BRACKETT VICE CHAIRPERSON 0.00 0.00 X 0 0 0 MITCHELL WEAVER BOARD MEMBER 0.00 0.00 X 0 0 0 HOWARD ROSSER BOARD MEMBER 0.00 0.00 X 0 0 0 PAUL IVIE BOARD MEMBER 0.00 0.00 X 0 0 0 STEVE HILLENBRAND TREASURER 0.00 0.00 X 0 0 0 JANE PIPKIN SECRETARY 0.00 0.00 X 0 0 0 CLESTON O JONES BOARD MEMBER 0.00 0.00 X 0 0 0 7526047 0 739607 41 true true false DESIGNSENSORY 1740 COMMONS POINT DR KNOXVILLE TN 37932 MARKETING 311300 CEW ADVERTISING 1413 GLEN OAKS DR KNOXVILLE TN 37918 MARKETING PRODUCTS 352458 SMOKEY MOUNTAIN LAWN LANDSCAPE PO BOX 7112 MARYVILLE TN 37802 LAWN SERVICES 311072 CONNECT FINANCIAL LLC PO BOX 923 SANDY UT 84091 ONLINE BANKING SVC 2692645 TTEC DIGITAL PO BOX 856660 MINNEAPOLIS MN 554856660 PHONE SUPPORT 443350 17 INT ON LOANS TO MEMBERS 522100 163299151 163299151 INT ON INVESTMENTS 522100 13239506 13239506 FEE INCOME 522100 19224827 19224827 OTHER OPERATING INC 522100 41811073 41811073 GAIN ON EQUITY SECURITI 522100 2481223 2481223 -172876 -172876 239882904 239882904 239882904 0 0 60307996 60307996 7526047 7526047 30858086 30858086 852924 852924 14790530 14790530 2891057 2891057 3426453 3426453 29579762 29579762 3769776 3769776 288433 288433 PROFOUTSIDE SERVICES 7737815 7737815 LOAN SERVICING EXP 3694014 3694014 CREDIT LOSS EXPENSE 10784568 10784568 OTHER OPERATING EXPENSES 1074929 1074929 177582390 177582390 0 0 19482799 18992921 259696130 486362075 3349254922 3611565383 4028879 3554916 121565214 25342899 91219128 96222315 105621540 63499251 13979773 19158778 3843283171 4299355639 46373781 58151479 203768257 178970531 3250885176 3667679570 3501027214 3904801580 X 342255957 394554059 342255957 394554059 3843283171 4299355639 X 62300514 -10002412 X false true X true false 26974243 26974243 60699248 9436227 51263021 3785927 2461834 1324093 14330987 9843005 4487982 15774809 3601833 12172976 96222315 EQUITY SECURITIES 708642 C S & L MUTUAL SAVINGS BANK C LOANS TO INV IN NATURAL PERSON CU 100000 C CORP CREDIT UNIONS 1176035 C OTHER INVESTMENTS 15834163 C NCUSIF DEPOSIT 31830131 C AVAILABLE-FOR-SALE DEBT SECURITIES 13850280 C 63499251 FORECLOSED AND REPOSSESSED ASSETS 1393688 ACCRUED INTEREST ON LOANS 11007561 ACCRUED INTEREST ON INVESTMENTS 68710 ALL OTHER ASSETS LESS PREPAIDS 6688819 19158778 SHARE DRAFTS 800763648 REGULAR SHARES 734005859 MONEY MARKET SHARES 552025734 IRA KEOUGH SHARES 201843783 ALL OTHER SHARES 66203409 NONMEMBER DEPOSITS 76205125 SHARE CERTIFICATES 1236632012 3667679570 X true true X X X GLENN SILER PRESIDENTCEO 728159 52000 10836 11670 802665 LYNN SUMMERS PRESIDENTCEO 566854 8999 11670 587523 SHANNON YORK SENIOR VPCFO 384667 34200 11562 8771 439200 REBECCA KOLLENBERG SENIOR VPCSO 336636 29769 10085 11670 388160 KIMBERLEY TRIMBLE SENIOR VPCPO 314289 27969 9485 11670 363413 DENISE ODELL VP ELECTRONIC SERVICES 198366 17633 5551 16692 238242 MICKA VADEN VP BRANCH OPERATIONS 200328 17985 4864 16692 239869 DALE BROOME VP REAL ESTATE LENDING 177882 16120 4137 11670 209809 RUSTY ARWOOD VP BUSINESS SERVICES 196222 17168 5886 16692 235968 TRACY NICHOLS VPCONTROLLER 186172 16581 5648 16692 225093 ELIZABETH DUNN AVP BRANCH OPERATIONS 126176 10824 20511 157511 CHARLOTTE HAVELY VP MARKETING 142744 12867 4352 16692 176655 JEFF COTTON CIO 268024 23608 8031 16692 316355 PAMELA WESTON CTO 164704 14826 5008 11670 196208 KEITH TURNER AVP IT OPERATIONS 151958 13505 3864 16692 186019 KIMBERLY ELKINS VP INTERNAL AUDIT 148728 12948 4454 11670 177800 MARK JENKINS VP COMPLIANCE & RISK MANAGEMENT 145483 12791 4369 11670 174313 DARREN LEE VP CONSUMER LENDING 140415 11901 4217 11670 168203 ALICIA MCAULEY SUPPORT SERVICES DIRECTOR 121773 10795 3039 16692 152299 BRIAN OWENS SYSTEM ADMINISTRATOR 121971 11177 3698 16692 153538 Organizational document changes Part VI line 4 THE BOARD OF DIRECTORS ADOPTED AN AMENDMENT THAT ALLOWS, UNDER CERTAIN CONDITIONS, BOARD MEMBERS TO BE COMPENSATED. Members or stockholder classes and rights Part VI line 6 THE CHARTER AND BY LAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY-LAWS. Member election for additional members Part VI line 7a THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY-LAWS. Governing body decisions Part VI line 7b THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS.THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY LAWS. Governing body meeting documentation Part VI line 8a UNDER THE BY LAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY TO DAY OPERATIONS OF THE CREDIT UNION. THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING A SUPERVISORY COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED. COMMITTEE RECOMMENDATIONS ARE VOTED ON AND APPROVED BY THE FULL BOARD OF DIRECTORS. Local chapters branches affiliates Part VI line 10a ALL BRANCHES OPERATE UNDER THE SAME WRITTEN POLICIES. Form 990 governing body review Part VI line 11 THE FORM 990 WAS PROVIDED TO THE PRESIDENT AND CEO AND CFO FOR REVIEW AND APPROVAL PRIOR TO FILING. Conflict of interest policy compliance Part VI line 12c THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS. CEO executive director top management comp Part VI line 15a THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE APPROVED RANGE. AN ANNUAL SURVEY IS CONDUCTED OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE, JOB CLASSIFICATION AND OTHER FACTORS. THE PERSONNEL COMMITTEE RECOMMENDS A COMPENSATION FOR THE CEO. THE CHIEF PEOPLE OFFICER RECOMMENDS COMPENSATION FOR MANAGEMENT AND STAFF. Other officer or key employee compensation Part VI line 15b SEE PART VI, LINE 15A Governing documents etc available to public Part VI line 19 WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW. UPON REQUEST, COPIES OF THE CREDIT UNIONS ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NONMEMBER THAT REQUESTS A COPY. Explanation of other changes in net assets or fund balances Part XI line 9 CHANGE IN OTHER COMPREHENSIVE INCOME FROM THE PRIOR YEAR.