2012-06-25T08:59:21-07:00 2011-12-31 621501873 Peters & Associates CPAs PO Box 32278 KNOXVILLE TN 379302278 990 2011-01-01 620263105 KNOXVILLE TVA EMPLOYEES CREDIT UNION KNOX 8655445400 301 WALL AVENUE KNOXVILLE TN 37901 GLENN SILER 8655445400 2012-05-15 1 Orin Peters P00592909 8656947128 2012-05-15 2011 2016-02-24 21:20:13Z GLENN SILER 301 WALL AVENUE KNOXVILLE TN 37901 52083501 0 X WWW.TVACREDITUNION.COM X 1934 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 121,074 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. 9 9 305 14 0 0 0 0 49724347 52083501 0 0 0 0 49724347 52083501 0 0 10044711 8434323 14599109 15778547 0 0 0 18323978 18363276 42967798 42576146 6756549 9507355 925084492 1016050554 845080558 925846298 80003934 90204256 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 121,074 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 REVENUE AND EXPENSES ARE RELATED TO THIS PURPOSE. 0 0 42576146 0 52083501 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 121,074 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. 0 0 0 42576146 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20675 0 1 305 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 TN X GLENN SILER 8655445400 301 WALL AVENUE KNOXVILLE TN 37901 STEVE HILLENBRAND 0 X 0 0 0 PAUL E IVIE 0 X 0 0 0 BILL BONHAM 0 X 0 0 0 CLESTON JONES 0 X 0 0 0 CLEO NORMAN 0 X 0 0 0 KAMI DARAKSHANI 0 X 0 0 0 NIKOLAUS JORDAN 0 X 0 0 0 CARL MILLS 0 X 0 0 0 JANE PIPKIN 0 X 0 0 0 GLENN SILER 40 X 308322 0 27764 SHANNON YORK 40 X 150238 0 19277 REBECCA LAWSON 40 X 123617 0 9417 LYNN JONES 40 X 169437 0 16865 KATHY O'BARR 40 X 102513 0 14977 ELIZABETH LANGE 40 X 77693 0 14933 DALE BROOME 40 X 72427 0 12517 NATHAN BROWN 40 X 80506 0 4890 1084753 0 120640 5 0 1 0 STALWART SYSTEMS GROUP 6000 FAIRVIEW RD STE 1200 CHARLOTTE NC 28210 IT ENGINEERING 987738 FREEMAN MELANCON BRYANT 145 SOUTH GAY ST KNOXVILLE TN 37902 ADVERTISING 596253 CREATIVE STRUCTURES INC 3208 TAZEWELL PK STE 103 KNOXVILLE TN 37918 GENERAL CONTRACTORS 691787 AT&T PO BOX 5019 CAROL STREAM IL 60197 PHONE AND INTERNET 265157 BIT LLC 710 SW 34TH ST RENTON WA 98057 DOCUMENT DELIVERY 373424 25 0 INTEREST ON LOANS TO MEMBERS 522100 40098286 40098286 0 0 INVESTMENT INTEREST 522100 528589 528589 0 0 FEE INCOME 522100 10168505 10168505 0 0 OTHER OPERATING INCOME 522100 1481294 1481294 0 0 OTHER NON-OPERATING INCOME 522100 -193173 -193173 0 0 0 0 0 0 52083501 0 0 0 0 0 52083501 52083501 0 0 0 0 0 0 0 0 8434323 8434323 1004247 1004247 0 0 9969750 9969750 484737 484737 3630236 3630236 689577 689577 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1261742 1261742 0 0 0 0 0 0 2225065 2225065 0 0 0 0 139286 139286 0 0 0 0 1608580 1608580 0 0 OFFICE OPERATIONS 8383700 8383700 0 0 PROVISION FOR LOAN LOSSES 2274955 2274955 0 0 LOAN SERVICING 639202 639202 0 0 PROFESSIONAL AND OUTSIDE 994932 994932 0 0 835814 835814 42576146 42576146 0 0 7491774 6381778 81894213 65840812 0 0 0 0 0 0 0 0 757221455 845343854 0 0 1150477 516539 53634452 12526121 39222772 41108331 0 0 0 0 22774622 39937814 0 0 15329179 16921426 925084492 1016050554 4378834 4888964 0 0 0 0 0 0 0 0 0 0 94593581 110803968 0 0 746108143 810153366 845080558 925846298 X 0 0 0 0 80003934 90204256 80003934 90204256 925084492 1016050554 X 9507355 692967 X 0 1 1 X 0 16743957 0 16743957 24359094 0 5329546 19029548 848517 0 607605 240912 10844642 0 6588970 4255672 838242 0 0 838242 41108331 0 SHARE DRAFTS 143740243 REGULAR SHARES 175411815 MONEY MARKET SHARES 205270725 SHARE CERTIFICATES 236462375 IRA/KEOGH ACCOUNTS 39070339 OTHER SHARES 10197869 810153366 SchD_P10_S00_L02 Schedule D, Part X, Line 2 None. X 1 1 X X X 0 0 0 GLENN SILER 268322 0 40000 0 0 0 18350 0 9414 0 336086 0 0 0 SHANNON YORK 138165 0 12073 0 0 0 6083 0 13194 0 169515 0 0 0 LYNN JONES 155480 0 13957 0 0 0 7451 0 9414 0 186302 0 0 0 REBECCA LAWSON 113432 0 10185 0 0 0 3407 0 6010 0 133034 0 0 0 KATHY O'BARR 92946 0 9567 0 0 0 5570 0 9407 0 117490 0 0 0 ELIZABETH LANGE 71055 0 6638 0 0 0 5600 0 9332 0 92625 0 0 0 DALE BROOME 66462 0 5965 0 0 0 3206 0 9311 0 84944 0 0 0 NATHAN BROWN 73860 0 6646 0 0 0 3407 0 1483 0 85396 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Credit Union's policy allows the Credit Union to pay for the travel expense for one companion of a Board member. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a A STATE CHARTERED CREDIT UNION IS GOVERNED BY ITS CHARTER AND BY-LAWS. F990_P06_S0A_L06 Form 990, Part VI, Section A, 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. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a SAME AS PART VI, SECTION A, LINE 6 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b SAME AS PART VI, SECTION A, LINE 6 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b THIS FORM 990 WAS PROVIDED TO THE PRESIDENT/CEO AND THE CFO FOR REVIEW AND APPROVAL BEFORE FILING. F990_P06_S0B_L12c Form 990, Part VI, Section B, 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. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 THE CREDIT UNION HAS A RECORDS RETENTION AND DESTRUCTION POLICY. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 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 CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 SAME AS PT VI-C, LINE 18. F990_P11_S00_L05 Form 990, Part XI, Line 5 CHANGE IN OTHER COMPREHENSIVE INCOME 660,000 PLUS CHANGE IN AFS SECURITIES 32,967 EQUALS A TOTAL OF 692,967. Form 8868 automatic extension timely filed.