2025-05-14T15:56:53-04:00 2024-12-31 621501873 Peters and Associates 9724 Kingston Pike Suite 405 Knoxville TN 37922 990 2024-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION % LYNN SUMMERS KNOX 8655445400 PO BOX 36027 KNOXVILLE TN 37930 LYNN SUMMERS PRESIDENTCEO 8655445400 2025-04-10 false true CRAIG PETERS P00592909 8656947128 2025-05-14 2024 2025-03-06 01:10:19Z 296934710 false X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 287,427 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. 9 9 664 16 0 0 0 239882904 296934710 0 0 239882904 296934710 0 60307996 97421248 56918644 61215462 0 0 60355750 73616966 177582390 232253676 62300514 64681034 4299355639 4620066214 3904801580 4159544327 394554059 460521887 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 287,427 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 232253676 296934710 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 287,427 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. 232253676 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 56643 0 true 664 true true true false false false false false false false false false false false false false false false false X 9 9 false false false 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 LYNN SUMMERS PRESIDENTCEO 40.00 0.00 X 639141 0 19490 SHANNON YORK SENIOR VPCFO 40.00 0.00 X 434103 0 28752 KIMBERLEY TRIMBLE SENIOR VPCPO 40.00 0.00 X 380276 0 22287 REBECCA KOLLENBERG SENIOR VPCSO 40.00 0.00 X 379832 0 22184 JEFF COTTON CIO 40.00 0.00 X 309012 0 20238 RUSTY ARWOOD VP BUSINESS SERVICES 40.00 0.00 X 230535 0 23097 MICKA VADEN VP BRANCH OPERATIONS 40.00 0.00 X 225882 0 21470 DENISE ODELL VP ELECTRONIC SERVICES 40.00 0.00 X 221526 0 22056 ESTATE OF GLENN SILER FORMER CEO 0.00 0.00 X 241107 0 0 TRACY NICHOLS VPCONTROLLER 40.00 0.00 X 215280 0 22489 PAMELA WESTON CTO 40.00 0.00 X 197921 0 17238 KEITH TURNER AVP IT OPERATIONS 40.00 0.00 X 190200 0 20549 KIMBERLY ELKINS VP INTERNAL AUDIT 40.00 0.00 X 175183 0 20093 MARK JENKINS VP COMPLIANCE & RISK MANAGEMENT 40.00 0.00 X 178045 0 16625 DARREN LEE VP CONSUMER LENDING 40.00 0.00 X 174796 0 16531 KENDRA CARPENTER VP REAL ESTATE LENDING 40.00 0.00 X 160264 0 21222 CHARLOTTE HAVELY VP MARKETING 40.00 0.00 X 159633 0 21193 MITCHELL WEAVER TREASURER 8.00 0.00 X 17295 0 0 BILL BONHAM BOARD MEMBER 8.00 0.00 X 17295 0 0 SHERRY VERMILLION BOARD MEMBER 8.00 0.00 X 17295 0 0 ANDREA E BRACKETT VICE CHAIRPERSON 0.00 0.00 X 0 0 0 PAUL IVIE BOARD MEMBER 0.00 0.00 X 0 0 0 CLESTON O JONES BOARD MEMBER 0.00 0.00 X 0 0 0 STEVE HILLENBRAND BOARD MEMBER 0.00 0.00 X 0 0 0 TOM HEFFERNAN CHAIRPERSON 0.00 0.00 X 0 0 0 HOWARD ROSSER SECRETARY 0.00 0.00 X 0 0 0 4564621 0 335514 63 true true false DESIGNSENSORY 1740 COMMONS POINT DR KNOXVILLE TN 37932 MARKETING-ADV 282979 TTEC DIGITAL 100 CONGRESS AVE SUITE 1425 AUSTIN TX 78701 TELCO USAGE 315894 HODGES DOUGHTY & CARSON PLLC PO BOX 869 KNOXVILLE TN 37901 LEGAL SERVICES 347141 DELL MARKETING LP PO BOX 534118 Atlanta GA 303534118 COMPUTER EQUIP 529743 CONNECT FINANCIAL LLC PO BOX 923 Sandy UT 84091 OLBBILLPAYP2P 3238351 17 INT ON LOANS TO MEMBERS 522100 206262124 206262124 INT ON INVESTMENTS 522100 28325502 28325502 FEE INCOME 522100 19921550 19921550 OTHER OPERATING INC 522100 43470268 43470268 LOSS ON EQUITY SECURITI 522100 -78410 -78410 -966324 -966324 296934710 296934710 296934710 0 0 97421248 97421248 4564621 4564621 36536029 36536029 1283169 1283169 15724658 15724658 3106985 3106985 3216600 3216600 32874424 32874424 3877452 3877452 291317 291317 PROFOUTSIDE SERVICES 9234514 9234514 LOAN SERVICING EXP 4206771 4206771 CREDIT LOSS EXPENSE 18598298 18598298 OTHER OPERATING EXPENSES 1317590 1317590 232253676 232253676 0 0 18992921 19441835 486362075 560652613 3611565383 3863520441 3554916 5303142 115839310 24346007 96222315 91493303 63499251 52792863 19158778 26862017 4299355639 4620066214 58151479 36091910 178970531 154119829 3667679570 3969332588 3904801580 4159544327 X 394554059 460521887 394554059 460521887 4299355639 4620066214 X 64681034 1286794 X false true X true false 27197045 27197045 65405725 9002030 56403695 4617902 2357265 2260637 14933651 10610145 4323506 3684987 2376567 1308420 91493303 SHARE DRAFTS 850484712 REGULAR SHARES 755708136 MONEY MARKET SHARES 767552854 IRA KEOUGH SHARES 218352123 ALL OTHER SHARES 74545715 NONMEMBER DEPOSITS 40964542 SHARE CERTIFICATES 1261724506 3969332588 X true true X X X ESTATE OF GLENN SILER FORMER CEO 241107 241107 LYNN SUMMERS PRESIDENTCEO 589890 49251 19490 658631 SHANNON YORK SENIOR VPCFO 404625 29478 28752 462855 REBECCA KOLLENBERG SENIOR VPCSO 350354 29478 22184 402016 KIMBERLEY TRIMBLE SENIOR VPCPO 351473 28803 22287 402563 DENISE ODELL VP ELECTRONIC SERVICES 204161 17365 22056 243582 MICKA VADEN VP BRANCH OPERATIONS 208191 17691 21470 247352 RUSTY ARWOOD VP BUSINESS SERVICES 212866 17669 23097 253632 TRACY NICHOLS VPCONTROLLER 198533 16747 22489 237769 CHARLOTTE HAVELY VP MARKETING 147137 12496 21193 180826 JEFF COTTON CIO 285375 23637 20238 329250 PAMELA WESTON CTO 182685 15236 17238 215159 KEITH TURNER AVP IT OPERATIONS 175623 14577 20549 210749 KIMBERLY ELKINS VP INTERNAL AUDIT 161754 13429 20093 195276 MARK JENKINS VP COMPLIANCE & RISK MANAGEMENT 164420 13625 16625 194670 DARREN LEE VP CONSUMER LENDING 161400 13396 16531 191327 KENDRA CARPENTER VP REAL ESTATE LENDING 148334 11930 21222 181486 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.