Knoxville Teachers Federal Credit Union is headquartered in Knoxville and is the 24th largest credit union in the state of Tennessee. It is also the 1,057th largest credit union in the nation. It was established in 1934 and as of March of 2020, it had grown to 35 employees and 6,976 members at 11 locations. Knoxville Teachers Federal Credit Union's savings rates are 92% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Knoxville Teachers Federal Credit Union membership is open to the School employees and their family.
See current membership details
LOVE MY CREDIT UNION
I am a teacher and I bank at Knoxville Teacher's Federal Credit Union (KTFCU). I have a checking account, savings account, car loan, mortgage, and a personal loan for my son's braces at at KTFCU. I love banking there because they're all so nice to me. My check is directly deposited there. I have it set up to where different amounts of money go into each account (checking and savings) each month. Putting some money into savings automatically is helpful to me because it forces me to save more. I am definitely not a natural saver. Almost all of my bills are set up to be automatically deducted from my checking account so I don't have to spend much time paying bills. Their website is very easy to use. I can log in and see my balance and my statement. I can pay bills and transfer money at the push of a button. Additionally their fees are very minimal which is an additional perk. All of my interactions with KTFCU have been very positive. I recommend KTFCU to all of my area teaching friends every chance I get.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24464 |
| Year Chartered | 1934 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 4.1% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $213.2MM$204.5MM |
| Loans | Q1 2020vs Q1 2019 | $123.3MM$112.8MM |
| Deposits | Q1 2020vs Q1 2019 | $185.3MM$180.0MM |
| Equity Capital | Q1 2020vs Q1 2019 | $27.9MM$24.5MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $549.00K$631.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $501.00K$761.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $346.00K$289.00K |
