Knoxville TVA Credit Union opens Northshore location
By Ken Lay
Knoxville TVA Employees Credit Union is celebrating its 89th anniversary this year. The financial institution celebrated by officially opening a new location in West Knox County.
The newest location officially opened to members Friday morning and is located at 1974 Town Center Blvd. in Northshore Town Center.
“We’re celebrating our 89th birthday this month and we’re very proud of our staff,” said Chief Executive Officer Glenn Siler. “Our mission is to make our members and people grow financially.
“If we make them grow financially, they’ll make us grow financially and I want to thank all of our members because without them, none of this would be possible.”
Knoxville TVA Employees Credit Union was commissioned in 1934 on the heels of the Great Depression in an effort to stimulate the economy.
“We were commissioned by congress in 1934 to help people grow financially,” Siler added. “When we were commissioned, people could only put $1,000 in their accounts and the most you could loan was $100 and our signature loan was $30.
“I’ve been here for 49 years and the thing I’m proudest of is when you have parents or grandparents bring their children or grandchildren in to open their account. And we love seeing the smiles on people’s faces when they get their first home or first car.”
Ashley Swaggerty has been tapped to be the new location’s branch manager. She previously served as a branch manager in Roane County. Her excitement was visible as she greeted a crowd of people, who came by for coffee, sweets, juice, finger sandwiches and potato chips.
“It’s an exciting day,” Swaggerty said, “The excitement is palpable.
“Our staff is second to none. We’re going to have a lot of people and a lot of excitement. We’re excited to be able to grow and we’re happy to be able to serve our members and our new neighbors in the Northshore Community.”
Friday’s ribbon cutting, which was attended by Knox County Mayor Glenn Jacobs and County Commissioner John Schoonmaker, was only part of the day’s festivities.
Attendees were eligible for door prizes and the location hosted a catered lunch.
