Overview
What is Knoxville Tva Employees Credit Union?
Knoxville Tva Employees Credit Union is a state-chartered credit union based in Tennessee, with a membership of over 263,000 people. The cooperative is owned and controlled by its members, who collectively promote thrift, issue shares, and maintain accounts. The credit union's primary function is to lend money to its members, with any excess funds temporarily invested. The organization employs 658 individuals and is dedicated to serving its members' financial needs.
Official website here: www.tvacreditunion.com
Is Knoxville Tva Employees Credit Union legitimate?
Knoxville Tva Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Knoxville Tva Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $7,087,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,537,932
For more financial information, click here
Official website here: www.tvacreditunion.com
What is the mission statement of Knoxville Tva Employees Credit Union?
Knoxville Tva Employees Credit Union is a mutually owned financial institution, with membership numbering 263,254. Its primary role is to encourage savings among its members and provide loans to them. Funds not currently required for loans or maintaining adequate liquidity are temporarily invested. In essence, the credit union operates as a cooperative, with all revenues and expenditures aligned towards its mission.
Official website here: www.tvacreditunion.com
Who is the CEO of Knoxville Tva Employees Credit Union?
Jeff Cotton is the Cio of Knoxville Tva Employees Credit Union. The CEO's salary of Knoxville Tva Employees Credit Union is $717,910 and their total compensation is $741,376.
Official website here: www.tvacreditunion.com
What is the revenue of Knoxville Tva Employees Credit Union?
Knoxville Tva Employees Credit Union's revenue in 2022 was $170,977,094.
Official website here: www.tvacreditunion.com
Who are the executives of Knoxville Tva Employees Credit Union and what are their salaries?
The average compensation at Knoxville Tva Employees Credit Union during 2022 was $51,102. There are 658 employees and 16 volunteers at Knoxville Tva Employees Credit Union.
Here are 48 key members and their salaries (Knoxville Tva Employees Credit Union's CEO's salary is $717,910 and their total compensation is $741,376):
- Glenn Siler (Presidentceo)
- Lynn Summers (Executive Vice Presidentcoo)
- Shannon York (Senior Vpcfo)
- Rebecca Lawson (Senior Vpcso)
- Kimberley Trimble (Senior Vpcpo)
- Jeff Cotton (Cio)
- Micka Vaden (Vp Branch Operations)
- Denise Odell (Vp Electronic Services)
- Rusty Arwood (Vp Business Services)
- John Redwine (Vp Consumer Lending)
- Tracy Nichols (Vpcontroller)
- Dale Broome (Vp Real Estate Lending)
- Pamela Weston (Cto)
- Keith Turner (It Infrastructure Manager)
- Kimberly Elkins (Vp Internal Audit)
- Charlotte Havely (Vp Marketing)
- Mark Jenkins (Vp Compliance & Risk Manageme)
- Donna R Lewis (Sr Real Estate Lending Loan O)
- Brandy Gregg (Sr Real Estate Lending Loan O)
- Jessica Embrey (Real Estate Lending Underwrit)
- Brian Owens (System Administrator)
- Monica French (Sr Real Estate Lending Loan O)
- David D Lee (Vp Consumer Lending)
- Elizabeth Dunn (Avp Branch Operations)
- Alicia Mcauley (Support Services Director)
- Joseph Janco (Network Engineer Iii)
- Lisa Mcdaniel (Avp Indirect Lending)
- Allison Holt (Real Estate Lending Underwrit)
- Thomas Ball (Real Estate Lending Underwrit)
- Rachel Duncan (Real Estate Loan Officer)
- Michael Jessie (It Services Manager)
- Kendra Carpenter (Avp Real Estate Lending)
- Derek Phillips (Business Services Manager)
- Tammy Myers (Senior Loan Officer)
- Melinda Reagan (System Administrator)
- Kimberly Lewis (Branch Manager)
- Brandy Jones (Contact Center Manager)
- Debbie Hurst (Avp Electronic Services)
- Pam Szymanski (Collections Manager)
- Jane Pipkin (Secretary) [Trustee/Director]
- Cleston O Jones (Chairperson) [Trustee/Director]
- Tom Heffernan (Vice Chairperson) [Trustee/Director]
- Steve Hillenbrand (Board Member) [Trustee/Director]
- Paul Ivie (Board Member) [Trustee/Director]
- Mitchell Weaver (Board Member) [Trustee/Director]
- Howard Rosser (Board Member) [Trustee/Director]
- Andrea E Brackett (Treasurer) [Trustee/Director]
- Kami Darakshani (Board Member) [Trustee/Director]
Official website here: www.tvacreditunion.com
Where can I find the form 990 for Knoxville Tva Employees Credit Union?
The Knoxville Tva Employees Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.tvacreditunion.com
Learn more at the official website: www.tvacreditunion.com
Mission Statement of Knoxville Tva Employees Credit Union
Knoxville TVA Employees Credit Union, a state-chartered financial institution, is collectively owned and managed by its 263,254 members. The organization's primary objective is to encourage savings among its members and provide them with loans. Surplus funds not required for immediate liquidity or loan purposes are temporarily invested.
Knoxville TVA Employees Credit Union serves as a mutual organization that operates with a clear mission. It aims to promote thrift by accepting share deposits from its members and issuing shares that maintain and represent their accounts. Furthermore, the credit union extends loans to its members based on their financial needs. All revenues and expenses of the union are dedicated to this purpose.
In simple terms, Knoxville TVA Employees Credit Union functions as a financial cooperative, dedicated to providing banking services to its members. By saving and borrowing together, the members collectively benefit from the credit union's services and shared financial resources. The credit union's mission is to facilitate the financial well-being of its members, making it an essential part of their financial journey.
Impact
This information is meant to be a general summary of Knoxville Tva Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Knoxville TVA Employees Credit Union, a state-chartered credit union, plays a significant role in promoting thrift and financial wellness among its 263,254 members. By issuing shares, maintaining accounts, and providing loans to its members, the credit union facilitates access to financial services that empower individuals to achieve their goals. Additionally, by investing funds not immediately required for liquidity or loans, the credit union ensures the sustainability of its operations while maximizing benefits for its members. Through its mutually owned structure and public benefit focus, Knoxville TVA Employees Credit Union continues to make a meaningful impact in the community by fostering a culture of financial responsibility and support.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INT ON LOANS TO MEMBERS
Revenue
$118,345,200
INT ON INVESTMENTS
Revenue
$4,901,332
FEE INCOME
Revenue
$21,156,620
OTHER OPERATING INC
Revenue
$36,808,124
LOSS ON EQUITY SECURITI
Revenue
$-9,985,849
Organization Details
Founding Year
1934
Principal Officer
Jeff Cotton
Main Address
PO BOX 36027, KNOXVILLE, TN, 37930
Website
www.tvacreditunion.com
NTEE Category
Code: W60 - Public benefit
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