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
What are the reviews and ratings of this charity?
Knoxville TVA Employees Credit Union currently does not have a rating from Charity Navigator. This absence of a rating does not imply negative or positive performance but indicates that the organization has not been evaluated under Charity Navigator's criteria. Knoxville TVA Employees Credit Union is not a 501(c)(3) organization and thus falls outside the evaluation scope typically reserved for such nonprofits.
The organization doesn't offer sufficient data for an Accountability & Finance assessment. This includes a lack of publicly available information on total revenue, expenses, and key personnel salaries. Charity Navigator emphasizes that without this information, an understanding of financial health and overall transparency is challenged.
Because it is not categorized as a 501(c)(3), Knoxville TVA Employees Credit Union cannot be evaluated on other key performance indicators such as Impact & Measurement, Culture & Community, or Leadership & Adaptability. These areas remain gray areas until more complete data becomes available. There are no user reviews on GreatNonprofits to provide further community insight or feedback on the organization's performance or effect.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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):
- Compensation: $717,910
- Related: $0
- Other: $23,466
- Compensation: $554,002
- Related: $0
- Other: $19,061
- Compensation: $385,069
- Related: $0
- Other: $25,932
- Compensation: $339,576
- Related: $0
- Other: $16,177
- Compensation: $316,854
- Related: $0
- Other: $19,812
- Compensation: $265,899
- Related: $0
- Other: $23,078
- Compensation: $209,335
- Related: $0
- Other: $20,204
- Compensation: $201,026
- Related: $0
- Other: $21,226
- Compensation: $199,008
- Related: $0
- Other: $21,227
- Compensation: $195,766
- Related: $0
- Other: $20,787
- Compensation: $186,055
- Related: $0
- Other: $20,897
- Compensation: $187,627
- Related: $0
- Other: $16,234
- Compensation: $168,930
- Related: $0
- Other: $15,703
- Compensation: $157,391
- Related: $0
- Other: $19,233
- Compensation: $147,938
- Related: $0
- Other: $19,802
- Compensation: $142,470
- Related: $0
- Other: $19,674
- Compensation: $140,382
- Related: $0
- Other: $19,617
- Compensation: $144,239
- Related: $0
- Other: $10,753
- Compensation: $130,766
- Related: $0
- Other: $19,327
- Compensation: $129,366
- Related: $0
- Other: $17,902
- Compensation: $127,064
- Related: $0
- Other: $19,259
- Compensation: $126,903
- Related: $0
- Other: $19,195
- Compensation: $126,340
- Related: $0
- Other: $19,204
- Compensation: $125,164
- Related: $0
- Other: $19,211
- Compensation: $124,929
- Related: $0
- Other: $18,578
- Compensation: $123,248
- Related: $0
- Other: $11,137
- Compensation: $117,144
- Related: $0
- Other: $15,682
- Compensation: $112,728
- Related: $0
- Other: $18,839
- Compensation: $120,755
- Related: $0
- Other: $10,114
- Compensation: $114,714
- Related: $0
- Other: $13,104
- Compensation: $107,213
- Related: $0
- Other: $18,728
- Compensation: $108,429
- Related: $0
- Other: $17,071
- Compensation: $106,678
- Related: $0
- Other: $18,642
- Compensation: $107,195
- Related: $0
- Other: $17,976
- Compensation: $105,635
- Related: $0
- Other: $18,656
- Compensation: $110,104
- Related: $0
- Other: $13,997
- Compensation: $101,204
- Related: $0
- Other: $17,088
- Compensation: $100,362
- Related: $0
- Other: $13,790
- Compensation: $101,861
- Related: $0
- Other: $11,309
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tvacreditunion.com
Where can I find the form 990 for Knoxville Tva Employees Credit Union?
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.
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Impact
October, 2024
Knoxville TVA Employees Credit Union has a significant impact on its community by promoting thrift and financial stability among its 263,254 members. As a state-chartered credit union, it is uniquely positioned to provide a range of services specifically designed to meet the needs of its members. By issuing shares and maintaining accounts, the credit union fosters a culture of savings and responsible financial management.
Moreover, the institution plays a critical role in the local economy by offering loans that enable members to finance homes, vehicles, and educational pursuits, thereby enhancing their quality of life. The funds that are not required for immediate liquidity or lending are prudently invested, further contributing to the financial well-being of the community. Through these activities, Knoxville TVA Employees Credit Union not only supports its members' financial health but also contributes to the overall economic vitality of the Knoxville area.
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.
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.
- Program Service Revenue: $170,977,094
- Gross Receipts: $170,977,094
Assets and Liabilities:
- Total Assets: $3,843,283,171
- Total Liabilities: $3,501,027,214
- Net Assets: $342,255,957
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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.comNTEE Category
Code: W60 - Public benefit
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