During the deepest months of the Great Depression, in February of 1932, seven Knoxville City Schools teachers each decided to pool their resources to start a credit union and deposited $5 into it. The purpose of the credit union was to provide a resource for teachers to call on in times of need. For many years the credit union had no office to call home; all credit union business was actually carried out from the briefcase of the first treasurer/manager.
Since those humble first days, Knoxville Teachers Federal Credit Union has grown into one of the largest credit unions in Tennessee, while still holding true to our original charter – serving Knoxville area school employees and their families. Our members are served from a network of eleven offices throughout Knox and Anderson counties, as well as offering a 24 Hour Telephone Teller and an internet-based Virtual Branch.
Services offered include high-rate federally insured savings (shares), competitive consumer and mortgage loan rates for any good purpose, dividend-earning share draft checking, ATM and Visa CheckCards, low-rate auto loans, auto pricing guides, internet-based bill payment, eStatements, and limited financial counseling.