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865-544-5400
301 Wall Ave, P.O. Box 15994
Knoxville, TN 37901

Knoxville TVA Employees Credit Union is headquartered in Knoxville and is the 4th largest credit union in the state of Tennessee. It is also the 157th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 306 employees and 135,988 members. Knoxville TVA Employees Credit Union's savings rates are 2X the national average, and it has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, worships or attends school in the following counties is eligible for membership and all the benefits membership offers: Blount, Jefferson, Loudon, Sevier, Hamblen, Knox, Roane and Sullivan as well as Johnson City. Family members of the Knoxville TVA Employees Credit Union member or family members of persons eligible for Credit Union membership also may join. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Knoxville TVA Employees Credit Union had $2.32 million in non-current loans and owned real-estate with $112.18 million in equity and loan loss allowances on hand to cover it. This gives Knoxville TVA Employees Credit Union a Texas Ratio of 2.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Knoxville TVA Employees Credit Union experienced no significant changes from 1.66% as of December 31, 2012 to 2.06% as of December 31, 2013, resulting in a negative change of 24.48%. This indicates that the balance sheet and financial strength for Knoxville TVA Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Knoxville TVA Employees Credit Union has increased its total deposits by $97.28 million, resulting in 10.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Knoxville TVA Employees Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Knoxville TVA Employees Credit Union has $1.26 billion in assets with $112.18 million in equity, resulting in a capitalization level of 8.89%, which is average.

Institution Statistics

Overall
NCUA #68085
Year Chartered1934
Employees306
Primary Regulator
Assets and Liabilities
Assets$1.26 billion
Loans$1.11 billion
Deposits$1.00 billion
Equity Capital$108.18 million
Loan Loss Allowance$4.00 million
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$197,000
Historic Data - December 2012
Assets$1.12 billion
Equity Capital$98.85 million
Loan Loss Allowance$4.11 million
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$116,000
Profit Margin - Quarterly
Net Interest Margin3.62%
Return on Assets0.82%
Return on Equity9.6%
Interest Income$41.06 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Knoxville TVA Employees Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Knoxville TVA Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%$25-Health Savings Account
0.80%$100k-Tiered IRA Account
0.30%$25-Accumulation IRA
0.25%--Regular Share
0.10%--Christmas Club
0.10%--Vacation Club

Knoxville TVA Employees Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Member-Managed Funds Account

Knoxville TVA Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Regular Checking

Knoxville TVA Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$5k-60 Month CD Special
1.30%$500-42 Month CD Special
1.05%$500-36 Month CD
0.90%$5k-24 Month Bump Up CD Special
0.80%$500-24 Month CD
0.55%$500-18 Month CD
0.55%$2,500-10 Month New Certificate Special
0.40%$2,500-6 Month CD

Knoxville TVA Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-36 Month IRA
0.90%$5k-24 Month Bump Up IRA Special
0.80%$500-24 Month IRA
0.55%$500-18 Month IRA
0.40%$2,500-6 Month IRA
Locations

Knoxville TVA Employees Credit Union has 19 locations. Click to view all Knoxville TVA Employees Credit Union locations.