Skip to content
Nonprofiteer
← KNOXVILLE TVA EMPLOYEES CREDIT UNIO

Form 990 for tax year 2023

Filed by KNOXVILLE TVA EMPLOYEES CREDIT UNIO.

Totals

Total revenue
$239,882,904
Total expenses
$177,582,390
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$239,882,904
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,299,355,639
Total liabilities, end of year
$3,904,801,580
Net assets or fund balances, end of year
$394,554,059
Program services expenses (Part IX)
$177,582,390
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$177,582,390

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INT ON LOANS TO MEMBERS

    total $163,299,151 · related or exempt $163,299,151

  • 2b · Program service revenue: INT ON INVESTMENTS

    total $13,239,506 · related or exempt $13,239,506

  • 2c · Program service revenue: FEE INCOME

    total $19,224,827 · related or exempt $19,224,827

  • 2d · Program service revenue: OTHER OPERATING INC

    total $41,811,073 · related or exempt $41,811,073

  • 2e · Program service revenue: GAIN ON EQUITY SECURITI

    total $2,481,223 · related or exempt $2,481,223

  • 2f · All other program service revenue

    total -$172,876 · related or exempt -$172,876

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $60,307,996 · program services $60,307,996

  • 5 · Compensation of officers, directors and key employees

    total $7,526,047 · program services $7,526,047

  • 7 · Other salaries and wages

    total $30,858,086 · program services $30,858,086

  • 8 · Pension plan contributions

    total $852,924 · program services $852,924

  • 9 · Other employee benefits

    total $14,790,530 · program services $14,790,530

  • 10 · Payroll taxes

    total $2,891,057 · program services $2,891,057

  • 12 · Advertising and promotion

    total $3,426,453 · program services $3,426,453

  • 13 · Office expenses

    total $29,579,762 · program services $29,579,762

  • 16 · Occupancy

    total $3,769,776 · program services $3,769,776

  • 19 · Conferences, conventions and meetings

    total $288,433 · program services $288,433

  • 24a · Other expenses: PROFOUTSIDE SERVICES

    total $7,737,815 · program services $7,737,815

  • 24b · Other expenses: LOAN SERVICING EXP

    total $3,694,014 · program services $3,694,014

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $10,784,568 · program services $10,784,568

  • 24d · Other expenses: OTHER OPERATING EXPENSES

    total $1,074,929 · program services $1,074,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,482,799 · end of year $18,992,921

  • 2 · Savings and temporary cash investments

    beginning of year $259,696,130 · end of year $486,362,075

  • 7 · Other notes and loans receivable

    beginning of year $3,349,254,922 · end of year $3,611,565,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,028,879 · end of year $3,554,916

  • 10a · Land, buildings and equipment: cost or other basis

    $121,565,214

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,342,899

  • 10c · Land, buildings and equipment, net

    beginning of year $91,219,128 · end of year $96,222,315

  • 13 · Investments: program-related

    beginning of year $105,621,540 · end of year $63,499,251

  • 15 · Other assets

    beginning of year $13,979,773 · end of year $19,158,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,373,781 · end of year $58,151,479

  • 23 · Secured mortgages and notes payable

    beginning of year $203,768,257 · end of year $178,970,531

  • 25 · Other liabilities

    beginning of year $3,250,885,176 · end of year $3,667,679,570

  • 31 · Retained earnings, endowment or other funds

    beginning of year $342,255,957 · end of year $394,554,059

Mission and programs · 2023

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 275,896 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.

  • STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 275,896 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.

    Expenses $177,582,390 · Revenue $239,882,904

As filed on the 2023 return.

Listed in Part VII

  • Glenn Siler

    PRESIDENTCEO

    Total calculated
    $802,665
    From this org
    $780,159
    From related orgs
    $0
    Other
    $22,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $728,159
    Bonus
    $52,000
    Other
    not reported
    Deferred
    $10,836
    Nontaxable benefits
    $11,670
    Filer's total
    $802,665

  • Lynn Summers

    PRESIDENTCEO

    Total calculated
    $587,523
    From this org
    $566,854
    From related orgs
    $0
    Other
    $20,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $566,854
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,999
    Nontaxable benefits
    $11,670
    Filer's total
    $587,523

  • Shannon York

    SENIOR VPCFO

    Total calculated
    $439,200
    From this org
    $418,867
    From related orgs
    $0
    Other
    $20,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $384,667
    Bonus
    $34,200
    Other
    not reported
    Deferred
    $11,562
    Nontaxable benefits
    $8,771
    Filer's total
    $439,200

  • Rebecca Kollenberg

    SENIOR VPCSO

    Total calculated
    $388,160
    From this org
    $366,405
    From related orgs
    $0
    Other
    $21,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,636
    Bonus
    $29,769
    Other
    not reported
    Deferred
    $10,085
    Nontaxable benefits
    $11,670
    Filer's total
    $388,160

  • Kimberley Trimble

    SENIOR VPCPO

    Total calculated
    $363,413
    From this org
    $342,258
    From related orgs
    $0
    Other
    $21,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,289
    Bonus
    $27,969
    Other
    not reported
    Deferred
    $9,485
    Nontaxable benefits
    $11,670
    Filer's total
    $363,413

  • Jeff Cotton

    CIO

    Total calculated
    $316,355
    From this org
    $291,632
    From related orgs
    $0
    Other
    $24,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,024
    Bonus
    $23,608
    Other
    not reported
    Deferred
    $8,031
    Nontaxable benefits
    $16,692
    Filer's total
    $316,355

  • Micka Vaden

    VP BRANCH OPERATIONS

    Total calculated
    $239,869
    From this org
    $218,313
    From related orgs
    $0
    Other
    $21,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,328
    Bonus
    $17,985
    Other
    not reported
    Deferred
    $4,864
    Nontaxable benefits
    $16,692
    Filer's total
    $239,869

  • Denise Odell

    VP ELECTRONIC SERVICES

    Total calculated
    $238,242
    From this org
    $215,999
    From related orgs
    $0
    Other
    $22,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,366
    Bonus
    $17,633
    Other
    not reported
    Deferred
    $5,551
    Nontaxable benefits
    $16,692
    Filer's total
    $238,242

  • Rusty Arwood

    VP BUSINESS SERVICES

    Total calculated
    $235,968
    From this org
    $213,390
    From related orgs
    $0
    Other
    $22,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,222
    Bonus
    $17,168
    Other
    not reported
    Deferred
    $5,886
    Nontaxable benefits
    $16,692
    Filer's total
    $235,968

  • Tracy Nichols

    VPCONTROLLER

    Total calculated
    $225,093
    From this org
    $202,753
    From related orgs
    $0
    Other
    $22,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,172
    Bonus
    $16,581
    Other
    not reported
    Deferred
    $5,648
    Nontaxable benefits
    $16,692
    Filer's total
    $225,093

  • Dale Broome

    VP REAL ESTATE LENDING

    Total calculated
    $209,809
    From this org
    $194,002
    From related orgs
    $0
    Other
    $15,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,882
    Bonus
    $16,120
    Other
    not reported
    Deferred
    $4,137
    Nontaxable benefits
    $11,670
    Filer's total
    $209,809

  • Pamela Weston

    CTO

    Total calculated
    $196,208
    From this org
    $179,530
    From related orgs
    $0
    Other
    $16,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,704
    Bonus
    $14,826
    Other
    not reported
    Deferred
    $5,008
    Nontaxable benefits
    $11,670
    Filer's total
    $196,208

  • Keith Turner

    AVP IT OPERATIONS

    Total calculated
    $186,019
    From this org
    $165,463
    From related orgs
    $0
    Other
    $20,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,958
    Bonus
    $13,505
    Other
    not reported
    Deferred
    $3,864
    Nontaxable benefits
    $16,692
    Filer's total
    $186,019

  • Kimberly Elkins

    VP INTERNAL AUDIT

    Total calculated
    $177,800
    From this org
    $161,676
    From related orgs
    $0
    Other
    $16,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,728
    Bonus
    $12,948
    Other
    not reported
    Deferred
    $4,454
    Nontaxable benefits
    $11,670
    Filer's total
    $177,800

  • Charlotte Havely

    VP MARKETING

    Total calculated
    $176,655
    From this org
    $155,611
    From related orgs
    $0
    Other
    $21,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,744
    Bonus
    $12,867
    Other
    not reported
    Deferred
    $4,352
    Nontaxable benefits
    $16,692
    Filer's total
    $176,655

  • Mark Jenkins

    VP COMPLIANCE & RISK MANAGEME

    Total calculated
    $174,313
    From this org
    $158,274
    From related orgs
    $0
    Other
    $16,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,483
    Bonus
    $12,791
    Other
    not reported
    Deferred
    $4,369
    Nontaxable benefits
    $11,670
    Filer's total
    $174,313

  • Darren Lee

    VP CONSUMER LENDING

    Total calculated
    $168,203
    From this org
    $152,316
    From related orgs
    $0
    Other
    $15,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,415
    Bonus
    $11,901
    Other
    not reported
    Deferred
    $4,217
    Nontaxable benefits
    $11,670
    Filer's total
    $168,203

  • Elizabeth Dunn

    AVP BRANCH OPERATIONS

    Total calculated
    $157,511
    From this org
    $137,000
    From related orgs
    $0
    Other
    $20,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,176
    Bonus
    $10,824
    Other
    not reported
    Deferred
    $20,511
    Nontaxable benefits
    not reported
    Filer's total
    $157,511

  • Brian Owens

    SYSTEM ADMINISTRATOR

    Total calculated
    $153,538
    From this org
    $133,148
    From related orgs
    $0
    Other
    $20,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,971
    Bonus
    $11,177
    Other
    not reported
    Deferred
    $3,698
    Nontaxable benefits
    $16,692
    Filer's total
    $153,538

  • Alicia McAuley

    SUPPORT SERVICES DIRECTOR

    Total calculated
    $152,299
    From this org
    $132,568
    From related orgs
    $0
    Other
    $19,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,773
    Bonus
    $10,795
    Other
    not reported
    Deferred
    $3,039
    Nontaxable benefits
    $16,692
    Filer's total
    $152,299

  • Joseph Janco

    NETWORK ENGINEER III

    Total calculated
    $146,470
    From this org
    $129,778
    From related orgs
    $0
    Other
    $16,692
    Hours/week
    40

  • Lisa McDaniel

    AVP INDIRECT LENDING

    Total calculated
    $141,563
    From this org
    $126,379
    From related orgs
    $0
    Other
    $15,184
    Hours/week
    40

  • Michael Jessie

    IT INFRASTRUCTURE MANAGER

    Total calculated
    $137,653
    From this org
    $117,654
    From related orgs
    $0
    Other
    $19,999
    Hours/week
    40

  • Derek S Phillips

    BUSINESS SERVICES MANAGER

    Total calculated
    $137,285
    From this org
    $117,362
    From related orgs
    $0
    Other
    $19,923
    Hours/week
    40

  • Kendra Carpenter

    VP REAL ESTATE LENDING

    Total calculated
    $134,319
    From this org
    $116,947
    From related orgs
    $0
    Other
    $17,372
    Hours/week
    40

  • Melinda Reagan

    SYSTEM ADMINISTRATOR

    Total calculated
    $133,479
    From this org
    $113,627
    From related orgs
    $0
    Other
    $19,852
    Hours/week
    40

  • Donna R Lewis

    SR REAL ESTATE LENDING LOAN O

    Total calculated
    $132,969
    From this org
    $122,412
    From related orgs
    $0
    Other
    $10,557
    Hours/week
    40

  • Debbie Hurst

    AVP ELECTRONIC SERVICES

    Total calculated
    $132,693
    From this org
    $117,749
    From related orgs
    $0
    Other
    $14,944
    Hours/week
    40

  • Kimberly Lewis

    BRANCH MANAGER

    Total calculated
    $130,408
    From this org
    $115,576
    From related orgs
    $0
    Other
    $14,832
    Hours/week
    40

  • Jessica Embrey

    REAL ESTATE LENDING UNDERWRIT

    Total calculated
    $128,569
    From this org
    $110,363
    From related orgs
    $0
    Other
    $18,206
    Hours/week
    40

  • Mandi Hill

    REGIONAL BRANCH MANAGER

    Total calculated
    $126,266
    From this org
    $108,092
    From related orgs
    $0
    Other
    $18,174
    Hours/week
    40

  • Brandy Jones

    CONTACT CENTER MANAGER-MEMBER

    Total calculated
    $126,109
    From this org
    $107,107
    From related orgs
    $0
    Other
    $19,002
    Hours/week
    40

  • Jensen Cornelius

    SECURITY SAFETY SUPPLIES DI

    Total calculated
    $123,092
    From this org
    $103,553
    From related orgs
    $0
    Other
    $19,539
    Hours/week
    40

  • Tammy Combs

    REGIONAL BRANCH MANAGER

    Total calculated
    $122,205
    From this org
    $107,547
    From related orgs
    $0
    Other
    $14,658
    Hours/week
    40

  • Brandy Gregg

    SR REAL ESTATE LENDING LOAN O

    Total calculated
    $120,591
    From this org
    $101,085
    From related orgs
    $0
    Other
    $19,506
    Hours/week
    40

  • Pam Szymanski

    COLLECTIONS MANAGER

    Total calculated
    $120,233
    From this org
    $109,993
    From related orgs
    $0
    Other
    $10,240
    Hours/week
    40

  • Allison Holt

    REAL ESTATE LENDING UNDERWRIT

    Total calculated
    $119,581
    From this org
    $100,086
    From related orgs
    $0
    Other
    $19,495
    Hours/week
    40

  • Thomas Ball Jr

    REAL ESTATE LENDING UNDERWRIT

    Total calculated
    $117,745
    From this org
    $107,568
    From related orgs
    $0
    Other
    $10,177
    Hours/week
    40

  • Monica Dupree

    HR DIRECTOR

    Total calculated
    $117,192
    From this org
    $102,663
    From related orgs
    $0
    Other
    $14,529
    Hours/week
    40

  • Justin Wampler

    ACCOUNTING MANAGER

    Total calculated
    $114,924
    From this org
    $100,492
    From related orgs
    $0
    Other
    $14,432
    Hours/week
    40

  • John Hadden

    COMMERCIAL LENDERUNDERWRITER

    Total calculated
    $113,465
    From this org
    $103,796
    From related orgs
    $0
    Other
    $9,669
    Hours/week
    40

  • Tom Heffernan

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0

  • Andrea E Brackett

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0

  • Mitchell Weaver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Howard Rosser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Paul Ivie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Steve Hillenbrand

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jane Pipkin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Cleston O Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2024
IRS schema version
2023v5.0
Source object
202401369349312485

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.