Knoxville TVA Employees Credit Union
Nonprofit profile at a glance
- EIN
- 620263105
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Knoxville, TN, US
- Phone
- (865) 544-5400
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $331,431,202
- Expenses
- $248,511,773
- Assets
- $5,136,306,928
- Liabilities
- $4,590,966,349
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- LYNN SUMMERS (PRESIDENT & CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- LYNN SUMMERS (PRESIDENT & CHIEF EXECUTIVE OFFICER): $1,039,743 total reported compensation
- KIMBERLEY TRIMBLE (EVP & CHIEF ADMINISTRATIVE OFFICER): $487,345 total reported compensation
- SHANNON YORK (SR VP & CHIEF FINANCIAL OFFICER): $487,183 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
State chartered credit union mutually owned by our 287,427 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. Financial Education Program Build Financial Confidence At KTVAECU®, we're passionate about financial education! Our mission is to help you grow financially. We accomplish this through financial education workshops tailored to help you meet your financial needs and goals, from the basics of money management to how to navigate loans and debt. At KTVAECU®, we're passionate about financial education! Financial Education Program Who Are We?
What it reported doing in 2025
State chartered credit union mutually owned by our 303,836 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.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 60% for direct work, and 40% for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75%; rating input score 75
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 25%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 20.67; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 11.4% per year; rating input score 100; 75th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 75% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $248.5M in reported program spending
- Leadership: top reported pay $1M · 31 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.1M reported
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 28 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.