JOIN US. JOIN US NOW!1
One of the most important decisions you make is who you trust to be your financial partner. It is important to find a financial institution that meets your needs. Whether you’re looking for a checking account, savings account, loan, or mortgage, we are here for YOU.
CREDIT UNIONS VS. BANKS
When you are deciding where to save and borrow, it can be hard to find the right place to start. Many don’t know the difference between a bank and a credit union. So, what is a credit union, anyway?
CREDIT UNIONS
Credit unions are unique because they are entirely member-controlled. When you become a Member of KTVAECU®, you also get a say in the decisions we make. Your guidance helps keep us on the right track!
Structure/Philosophy — Not for profit, but for service.
Ownership — Member-owned and controlled.
Earning — All profits are returned to members in the form of new products, additional services, lower fees, and expanded locations.
BANKS
Banks are controlled by profits and shareholders. They are typically more “corporate,” meaning their decisions are made by boards and committees rather than their customers.
Structure/Philosophy — Banks are corporations which exist to earn a profit for shareholders.
Ownership — Shareholder (investor) owned and controlled.
Earning — All profits are distributed to the stockholders in proportion to the number of shares owned.
WHY JOIN KTVAECU?
In the near-century Knoxville TVA Employees Credit Union has been open, we have had one philosophy: people helping people. Our goal is to be Members’ first choice for all their financial needs, and we offer competitive benefits to reach that goal.
Local – KTVAECU is dedicated to servicing the East Tennessee area. This means our services are individualized for the area. Whenever you have a problem, you will always work with someone local. We are not just interested in meeting banking needs. We are also active in the local Community.
Service – Our service-minded staff works hard to provide the best service possible. Whether you're looking for new accounts, loans, or financial help, we are here to help. “Not for profit, not for charity, but for service.”
Products – We offer competitive products that are inexpensive, simple, and easy to understand.
LEARN MORE ABOUT US