2013-05-15T19:23:51-04:00 2012-12-31 621501873 PETERS & ASSOCIATES PC 9040 EXECUTIVE PARK DR STE 325 KNOXVILLE TN 37923 990 2012-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION KNOX 301 WALL AVENUE KNOXVILLE TN 37901 GLENN SILER 8655445400 2013-05-13 true CRAIG PETERS P00592909 8656947128 2013-05-15 2012 2016-02-24 21:20:13Z 54447535 false X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 129,124 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 9 366 14 0 0 0 52083501 54447535 0 0 52083501 54447535 0 8434323 7623143 15778547 17419198 0 0 18363276 18171140 42576146 43213481 9507355 11234054 1016050554 1124905191 925846298 1026053863 90204256 98851328 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 129,124 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 43213481 54447535 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 129,124 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES, AND MAINTAIN ACCOUNTS AND MAKE LOANS TO OUR MEMBERS. FUND NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUES AND EXPENSES ARE RELATED TO THIS PURPOSE. 43213481 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 20396 0 true 366 true 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 37901 CARL MILLS 0.00 X 0 0 0 CLEO NORMAN 0.00 X 0 0 0 CLESTON E JONES 0.00 X 0 0 0 JANE PIPKIN 0.00 X 0 0 0 KAMI DARAKSHANI 0.00 X 0 0 0 NIKOLAUS JORDAN 0.00 X 0 0 0 PAUL E IVIE 0.00 X 0 0 0 STEVE HILLENBRAND 0.00 X 0 0 0 WILLIAM H BONHAM 0.00 X 0 0 0 GLENN SILER 40.00 X 363129 0 16263 LYNN JONES 40.00 X 238489 0 11569 NATHAN BROWN 40.00 X 168089 0 11860 REBECCA LAWSON 40.00 X 152281 0 6282 SHANNON YORK 40.00 X 199894 0 17029 1121882 0 63003 5 false true false HODGES DOUGHTY CARSON PO BOX 869 Knoxville TN 37901 LEGAL 125215 1 INT ON LOANS TO MEMBERS 522100 40740991 40740991 INT ON INVESTMENTS 522100 306705 306705 FEE INCOME 522100 11708770 11708770 OTHER OPERATING INC 522100 1817447 1817447 LOSS DISP ASSETS 522100 -131934 -131934 5556 5556 54447535 54447535 54447535 0 0 7623143 7623143 1121882 1121882 10919185 10919185 577217 577217 3835242 3835242 965672 965672 1406809 1406809 8416658 8416658 2300427 2300427 180081 180081 1832639 1832639 PROF/OUTSIDE SERVICES 1190060 1190060 LOAN SERVICING EXP 687052 687052 PROVISION FOR LOAN LOSSES 1142973 1142973 OTHER OPERATING EXPENSES 1014441 1014441 43213481 43213481 0 0 6381778 7494748 65840812 94110366 845343854 946850603 516539 803900 57269230 14358761 41108331 42910469 39937814 18222803 16921426 14512302 1016050554 1124905191 4888964 7182535 110803968 115893511 810153366 902977817 925846298 1026053863 X 90204256 98851328 90204256 98851328 1016050554 1124905191 X 11234054 -2586982 X false true X true false 18233422 18233422 25810664 5769144 20041520 1074473 700590 373883 11918403 7889027 4029376 232268 232268 42910469 HELD TO MATURITY SECURITIES 1999856 C S & L MUTUAL SAVINGS BANK 2631461 C LOANS TO INV IN NATURAL PERSON 150000 C CORP CREDIT UNIONS 1000000 C OTHER INVESTMENTS 4204185 C NCUSIF DEPOSIT 8237301 C 18222803 FORECLOSED AND REPOSSESSED ASS 288294 ACCRUED INTEREST ON LOANS 2001877 ACCRUED INTEREST ON INVESTMENT 9389 ALL OTHER ASSETS LESS PREPAIDS 12212742 14512302 SHARE DRAFTS 168608116 REGULAR SHARES 190993965 MONEY MARKET SHARES 235486936 IRA KEOUGH SHARES 45757851 ALL OTHER SHARES 11298149 NONMEMBER DEPOSITS 7108033 SHARE CERTIFICATES 243724767 902977817 X true true X X X false false false GLENN SILER 363129 16263 379392 LYNN JONES 238489 11569 250058 SHANNON YORK 199894 17029 216923 NATHAN BROWN 168089 11860 179949 REBECCA LAWSON 152281 6282 158563 O01 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. O02 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. O03 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. O04 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. O05 Local chapters branches affiliates Part VI line 10a ALL BRANCHES OPERATE UNDER THE SAME WRITTEN POLICIES. O06 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. O07 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. O08 CEO executive director top management comp Part VI line 15a THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATION AND OTHER FACTORS. 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 RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. O09 Other officer or key employee compensation Part VI line 15b SEE PART VI, LINE 15A O10 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 UNION ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OF NONMEMBER THAT REQUESTS A COPY. O11 Explanation of other changes in net assets or fund balances Part XI line 9 CHANGE IN COMPREHENSIVE INCOME OF 2,554,015 PLUS CHANGE IN AFS SECURITIES OF 32,967 EQUALS A TOTAL OF 2,586,982.