2016-06-27T15:00:40-04:00 2015-12-31 621501873 Peters and Associates 9050 Exec Park Dr Ste 220A Knoxville TN 37923 990 2015-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION KNOX 301 WALL AVENUE KNOXVILLE TN 37902 GLENN SILER PRESIDENT CEO 8655445400 2016-05-12 false CRAIG PETERS P00592909 8656947128 2016-06-27 2015 2016-09-27 15:27:22Z 64199743 false X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 155,040 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 9 365 14 0 0 0 59653453 64199743 0 0 59653453 64199743 0 7141633 7123969 20370882 22339390 0 0 21077785 22647510 48590300 52110869 11063153 12088874 1397764083 1505037471 1277886129 1374228017 119877954 130809454 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 155,040 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 52110869 64199743 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 155,040 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. 52110869 false false false false false false false false true false false false true false false true 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 22254 0 true 365 true 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 false true true true false TN X KNOXVILLE TVA EMP CU 8655445400 301 WALL AVENUE KNOXVILLE TN 37902 X JAMIE ELLIOT KEITH TREASURER 0.00 0.00 X 0 0 0 JANE PIPKIN CHAIRPERSON 0.00 0.00 X 0 0 0 CLESTON E JONES VICE CHAIRPERSON 0.00 0.00 X 0 0 0 WILLIAM BONHAM ASST SECRETARY 0.00 0.00 X 0 0 0 RAY PACK BOARD MEMBER 0.00 0.00 X 0 0 0 SHERRY VERMILLION ASST TREASURER 0.00 0.00 X 0 0 0 EDNA RIDDICK SECRETARY 0.00 0.00 X 0 0 0 JAMES O FORD BOARD MEMBER 0.00 0.00 X 0 0 0 HOWARD ROSSER BOARD MEMBER 0.00 0.00 X 0 0 0 GLENN SILER PRESIDENTCEO 40.00 0.00 X 455614 0 20071 LYNN JONES SR VP BRANCH OPERATIONSCOO 40.00 0.00 X 342589 0 15999 SHANNON YORK SENIOR VPCFO 40.00 0.00 X 255035 0 19518 NATHAN BROWN CHIEF INFO OFFICER 40.00 0.00 X 192738 0 14552 REBECCA LAWSON SENIOR VP OPERATIONSCSO 40.00 0.00 X 190138 0 11117 1436114 0 81257 5 false true false HODGES DOUGHY CARSON PO BOX 869 KNOXVILLE TN 37901 LEGAL 159970 CEW ADVERTISING PO BOX 52490 KNOXVILLE TN 37950 ADVERTISING 103949 SUSIE STOUT ADVERTISING 11266 MATTHEW COVE LANE KNOXVILLE TN 37934 ADVERTISING 115594 SMOKEY MOUNTAIN LAWN 4626 PRIMROSE CIRCLE Maryville TN 37804 LAWN MOWING SERVIC 125496 4 INT ON LOANS TO MEMBERS 522100 43704145 43704145 INT ON INVESTMENTS 522100 277768 277768 FEE INCOME 522100 8555442 8555442 OTHER OPERATING INC 522100 11679919 11679919 LOSS ON DISP OF ASSET 522100 -27779 -27779 10248 10248 64199743 64199743 64199743 0 0 7123969 7123969 1436115 1436115 13007348 13007348 1275000 1275000 5538935 5538935 1081992 1081992 1428488 1428488 12807014 12807014 2461966 2461966 119106 119106 PROFOUTSIDE SERVICES 1429939 1429939 LOAN SERVICING EXP 983917 983917 PROVISION FOR LOAN LOSSES 2864970 2864970 OTHER OPERATING EXPENSES 552110 552110 52110869 52110869 0 0 7559865 9418291 90696834 120073208 1230945179 1304244414 1163238 1698983 65601689 19479615 47899022 46122074 16331884 17768743 3168061 5711758 1397764083 1505037471 5222735 8021808 132090956 132818202 1140572438 1233388007 1277886129 1374228017 X 119877954 130809454 119877954 130809454 1397764083 1505037471 X 12088874 -1157374 X false true X true false 20058290 20058290 28829611 7118695 21710916 1670873 920641 750232 14225808 11440279 2785529 817107 817107 46122074 HELD TO MATURITY SECURITIES C S & L MUTUAL SAVINGS BANK C LOANS TO INV IN NATURAL PERSON CU 350000 C CORP CREDIT UNIONS 1000000 C OTHER INVESTMENTS 5041754 C NCUSIF DEPOSIT 11376989 C 17768743 FORECLOSED AND REPOSSESSED ASSETS 278303 ACCRUED INTEREST ON LOANS 2262494 ACCRUED INTEREST ON INVESTMENTS 560 ALL OTHER ASSETS LESS PREPAIDS 3170401 5711758 SHARE DRAFTS 313644360 REGULAR SHARES 266966849 MONEY MARKET SHARES 299149374 IRA KEOUGH SHARES 59596240 ALL OTHER SHARES 19289204 NONMEMBER DEPOSITS 41383686 SHARE CERTIFICATES 233358294 1233388007 X true true X X X false false false GLENN SILER PRESIDENTCEO 455614 20071 475685 LYNN JONES SR VP BRANCH OPERATIONSCOO 342589 15999 358588 SHANNON YORK SENIOR VPCFO 255035 19518 274553 NATHAN BROWN CHIEF INFO OFFICER 192738 14552 207290 REBECCA LAWSON SENIOR VP OPERATIONSCSO 190138 11117 201255 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 THIS FORM 990 WAS PROVIDED TO THE PRESIDENT/CEO AND CFO FOR REVIEW AND APPROVAL BEFORE 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 HUMAN RESOURCE DIRECTOR 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.