What is Knoxville TVA Employees Credit Union?
Knoxville TVA Employees Credit Union (KTVAECU) is a not-for-profit, member-owned financial cooperative that serves employees and retirees of the Tennessee Valley Authority. Established in 1956, KTVAECU has grown to become one of the largest credit unions in the state of Tennessee. KTVAECU provides members with a full range of financial services, such as checking and savings accounts, loans, investments, and more. KTVAECU is dedicated to providing its members with quality financial services and low rates.
What Services Does KTVAECU Offer?
KTVAECU offers a variety of financial services to its members, including checking and savings accounts, loans, investments, and more. Checking and savings accounts offered by KTVAECU are FDIC-insured and offer competitive interest rates. Loan services offered by KTVAECU include auto loans, home equity loans, and personal loans. KTVAECU also offers investment services, such as mutual funds, stocks, and bonds.
What Are the Benefits of Becoming a Member of KTVAECU?
KTVAECU offers a variety of benefits to its members, including competitive interest rates on checking and savings accounts, low rates on loans, and access to a wide range of investment services. KTVAECU also provides a variety of online and mobile banking services, such as online bill pay, mobile check deposit, and more. KTVAECU also offers a variety of discounts and rewards programs to its members.
How Can I Join KTVAECU?
KTVAECU membership is open to any employee or retiree of the Tennessee Valley Authority. In order to join KTVAECU, members must open a savings account with at least $25 and maintain a minimum balance of $10. Members must also provide proof of identity and address. Once a member is approved, they can begin to take advantage of all of the products and services offered by KTVAECU.
What Are the Fees Associated with KTVAECU Membership?
KTVAECU does not charge any fees for membership or account maintenance. However, there are fees associated with some of the services offered by KTVAECU, such as overdraft fees, ATM fees, and loan origination fees. KTVAECU also charges a fee for non-sufficient funds. All fees associated with KTVAECU products and services are clearly outlined in the membership agreement.
What Is the Difference Between KTVAECU and a Bank?
The main difference between KTVAECU and a bank is that KTVAECU is a not-for-profit, member-owned financial cooperative, while banks are for-profit, investor-owned institutions. This means that any profits made by KTVAECU are returned to its members in the form of lower loan rates, higher dividend rates, and other benefits. Banks, on the other hand, use their profits to pay shareholders and increase their own wealth.
What Other Benefits Does KTVAECU Offer?
In addition to competitive interest rates and low fees, KTVAECU also offers its members a variety of other benefits. KTVAECU offers members access to a wide network of ATMs, free online and mobile banking services, and access to financial counseling services. KTVAECU also offers discounts and rewards programs, as well as a variety of youth financial education programs.
What Is the Process for Opening an Account With KTVAECU?
The process for opening an account with KTVAECU is simple and straightforward. Members must provide proof of identity and address, as well as open a savings account with at least $25 and maintain a minimum balance of $10. Once a member is approved, they can begin to take advantage of all of the products and services offered by KTVAECU.
Conclusion
KTVAECU is a great choice for employees and retirees of the Tennessee Valley Authority. KTVAECU offers its members a wide range of financial services, such as checking and savings accounts, loans, investments, and more. KTVAECU also offers its members a variety of benefits, such as competitive interest rates, low fees, a wide network of ATMs, and access to financial counseling services. If you’re looking for a credit union with great benefits and services, then KTVAECU is the perfect choice.
