2020-05-28T13:57:16-04:00 2019-12-31 621501873 Peters and Associates 9050 Executive Prk Dr Ste 220A Knoxville TN 37923 990 2019-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION KNOX PO BOX 36027 KNOXVILLE TN 37930 GLENN SILER PRESIDENT CEO 8655445400 2020-05-14 true CRAIG PETERS P00592909 8656947128 2020-05-28 68.57.118.231 2020-05-28 13:58:08 6223972020149x1zjve1 2020-05-28 P 41DFD7725FBC212FC072FEA5222B8110845F9260 41DFD7725FBC212FC072FEA5222B8110845F9260 2019 2020-09-22 18:59:49Z 127770701 false X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 211,883 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 9 554 18 0 0 0 103859753 127770701 0 0 103859753 127770701 0 14982507 22619964 32390412 36712811 0 0 32782544 40203575 80155463 99536350 23704290 28234351 2126092048 2430831235 1941182489 2219200520 184909559 211630715 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 211,883 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 99536350 127770701 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 211,883 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. 99536350 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 31301 0 true 554 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 1409 CENTERPOINT BLVD KNOXVILLE TN 37932 X JAMIE E KEITH ASSISTANT CHAIRPERSON 0.00 0.00 X 0 0 0 WILLIAM BONHAM CHAIRPERSON 0.00 0.00 X 0 0 0 NIKOLAUS JORDAN ASSISTANT TREASURER 0.00 0.00 X 0 0 0 JAMES O FORD BOARD MEMBER 0.00 0.00 X 0 0 0 SHERRY VERMILLION TREASURER 0.00 0.00 X 0 0 0 JANE PIPKIN SECRETARY 0.00 0.00 X 0 0 0 RAY PACK BOARD MEMBER 0.00 0.00 X 0 0 0 STEVE HILLENBRAND BOARD MEMBER 0.00 0.00 X 0 0 0 TOM HEFFERNAN ASSISTANT SECRETARY 0.00 0.00 X 0 0 0 LYNN SUMMERS EXECUTIVE VICE PRESIDENT 40.00 0.00 X 477271 0 13677 SHANNON YORK SENIOR VPCFO 40.00 0.00 X 327508 0 21498 REBECCA LAWSON SENIOR VPCSO 40.00 0.00 X 287474 0 11441 KIMBERLEY TRIMBLE VPCPO 40.00 0.00 X 240983 0 13705 KATHY OBARR VP ELECTRONIC SERVICES 40.00 0.00 X 189670 0 12887 MICKA VADEN VP BRANCH OPERATIONS 40.00 0.00 X 176952 0 17441 DALE BROOME VP REAL ESTATE LENDING 40.00 0.00 X 155578 0 13241 JOHN REDWINE VP CONSUMER LENDING 40.00 0.00 X 163839 0 17005 DENISE ODELL AVP ELECTRONIC SERVICES 40.00 0.00 X 159956 0 16965 RUSSELL ARWOOD VP BUSINESS SERVICES 40.00 0.00 X 157358 0 16845 TRACY NICHOLS VPCONTROLLER 40.00 0.00 X 132895 0 16176 TYLER VANDERHORST VP COMPLIANCERISK MANAGEMENT 40.00 0.00 X 132759 0 7679 DAVID LEE AVP BRANCH OPERATIONS 40.00 0.00 X 105133 0 15415 CHARLOTTE HAVELY VP MARKETING 40.00 0.00 X 103239 0 14746 JEFF COTTON CIO 40.00 0.00 X 157365 0 16853 GLENN SILER PRESIDENTCEO 40.00 0.00 X 617179 0 17708 3585159 0 243282 16 false true false HODGES DOUGHTY CARSON PLLC PO BOX 869 KNOXVILLE TN 37901 ATTORNEY 252409 DESIGN SENSORY 1740 COMMONS POINT DR KNOXVILLE TN 37932 MARKETING 699264 AVTEX SOLUTIONS LLC PO BOX 856660 MINNEAPOLIS MN 554856660 PHONE SYSTEM SPRT 340192 CONNECT FINANCIAL LLC 64 E 6400 SOUTH SUITE 300 MURRAY UT 84107 ONLINE BANKING 1362847 SMOKEY MTN LAWN LANDSCAPE PO BOX 7112 MARYVILLE TN 37802 LAWN MAINTENANCE 235289 8 INT ON LOANS TO MEMBERS 522100 84300424 84300424 INT ON INVESTMENTS 522100 1816517 1816517 FEE INCOME 522100 14688146 14688146 OTHER OPERATING INC 522100 22988287 22988287 LOSS ON DISP OF ASSET 522100 -35550 -35550 4012877 4012877 127770701 127770701 127770701 0 0 22619964 22619964 3585159 3585159 19838555 19838555 1503843 1503843 10047551 10047551 1737703 1737703 2492327 2492327 19190283 19190283 3387680 3387680 311483 311483 PROFOUTSIDE SERVICES 3544012 3544012 LOAN SERVICING EXP 2291402 2291402 PROVISION FOR LOAN LOSSES 8159127 8159127 OTHER OPERATING EXPENSES 827261 827261 99536350 99536350 0 0 12019556 11501484 143961660 142749225 1863675030 2156218423 2725353 3058152 105026776 25249450 69267688 79777326 25477347 27771170 8965414 9755455 2126092048 2430831235 18356497 18197293 159658732 141296901 1763167260 2059706326 1941182489 2219200520 X 184909559 211630715 184909559 211630715 2126092048 2430831235 X 28234351 -1513195 X false X true X true false 25461103 25461103 35487770 9535319 25952451 3368816 1875522 1493294 12985025 10852873 2132152 27724062 2985736 24738326 79777326 HELD TO MATURITY SECURITIES C S & L MUTUAL SAVINGS BANK C LOANS TO INV IN NATURAL PERSON CU 1346000 C CORP CREDIT UNIONS 1176035 C OTHER INVESTMENTS 7195318 C NCUSIF DEPOSIT 18053817 C 27771170 FORECLOSED AND REPOSSESSED ASSETS 776981 ACCRUED INTEREST ON LOANS 4710173 ACCRUED INTEREST ON INVESTMENTS 7380 ALL OTHER ASSETS LESS PREPAIDS 4260921 9755455 SHARE DRAFTS 490547229 REGULAR SHARES 409702659 MONEY MARKET SHARES 300244829 IRA KEOUGH SHARES 55772678 ALL OTHER SHARES 33017446 NONMEMBER DEPOSITS 137571368 SHARE CERTIFICATES 632850117 2059706326 X true true X X X GLENN SILER PRESIDENTCEO 617179 8802 8906 634887 LYNN SUMMERS EXECUTIVE VICE PRESIDENT 477271 7184 6493 490948 SHANNON YORK SENIOR VPCFO 327508 8986 12512 349006 REBECCA LAWSON SENIOR VPCSO 287474 5871 5570 298915 KIMBERLEY TRIMBLE VPCPO 240983 4799 8906 254688 KATHY OBARR VP ELECTRONIC SERVICES 189670 3981 8906 202557 MICKA VADEN VP BRANCH OPERATIONS 176952 4929 12512 194393 DALE BROOME VP REAL ESTATE LENDING 155578 4335 8906 168819 JOHN REDWINE VP CONSUMER LENDING 163839 4493 12512 180844 DENISE ODELL AVP ELECTRONIC SERVICES 159956 4453 12512 176921 RUSSELL ARWOOD VP BUSINESS SERVICES 157358 4333 12512 174203 JEFF COTTON CIO 157365 4341 12512 174218 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 AN AUDIT 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/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.