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    <Timestamp>2013-05-07T09:12:11-07:00</Timestamp>
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      <Name>
        <BusinessNameLine1>Kingsport Press Credit Union</BusinessNameLine1>
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      <NameControl>KING</NameControl>
      <Phone>4233789292</Phone>
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        <AddressLine1>528 W Center Street</AddressLine1>
        <City>Kingsport</City>
        <State>TN</State>
        <ZIPCode>37660</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Jeff Morris</Name>
      <Title>V/P Finance</Title>
      <Phone>4233789292</Phone>
      <DateSigned>2013-05-07</DateSigned>
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    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
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        <State>TN</State>
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      <WebSite>www.kpcu.org</WebSite>
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      <StateLegalDomicile>TN</StateLegalDomicile>
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      <Interest>
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      <OtherExpenses>
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      <LandBuildingsEquipmentBasis>2295622</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1028589</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1232023</BOY>
        <EOY>1267033</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsProgramRelated>
        <BOY>14513246</BOY>
        <EOY>15345770</EOY>
      </InvestmentsProgramRelated>
      <TotalAssets>
        <BOY>61899138</BOY>
        <EOY>61139036</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>171420</BOY>
        <EOY>248182</EOY>
      </AccountsPayableAccruedExpenses>
      <OtherLiabilities>
        <BOY>55041693</BOY>
        <EOY>53951982</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>55213113</BOY>
        <EOY>54200164</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>2644105</BOY>
        <EOY>2639854</EOY>
      </CapStckTrstPrinCurrentFunds>
      <PaidInCapSrplsLandBldgEqpFund>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <RetainedEarningsEndowmentEtc>
        <BOY>4041920</BOY>
        <EOY>4299018</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>6686025</BOY>
        <EOY>6938872</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>61899138</BOY>
        <EOY>61139036</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>257098</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>-4251</ReconciliationUnrealizedInvest>
      <ReconcilationDonatedServices>0</ReconcilationDonatedServices>
      <ReconcilationInvestExpenses>0</ReconcilationInvestExpenses>
      <ReconcilationPriorAdjustment>0</ReconcilationPriorAdjustment>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>1</AccountantCompileOrReview>
      <AccountantCompileOrReviewBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </AccountantCompileOrReviewBasis>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </FSAuditedBasis>
      <AuditCommittee>0</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="R000002" softwareId="12000197" softwareVersion="v1.00">
      <Land>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>533097</OtherCostOrOtherBasis>
        <BookValue>533097</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>1053668</OtherCostOrOtherBasis>
        <Depreciation>468987</Depreciation>
        <BookValue>584681</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>0</OtherCostOrOtherBasis>
        <Depreciation>0</Depreciation>
        <BookValue>0</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>708857</OtherCostOrOtherBasis>
        <Depreciation>559602</Depreciation>
        <BookValue>149255</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>0</OtherCostOrOtherBasis>
        <Depreciation>0</Depreciation>
        <BookValue>0</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1267033</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>Bank Certificates of Deposit</Description>
        <BookValue>11104000</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <InvestmentsProgramRelated>
        <Description>Federal Agency Securities</Description>
        <BookValue>801127</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </InvestmentsProgramRelated>
      <InvestmentsProgramRelated>
        <Description>Volunteer Corporate Credit Union</Description>
        <BookValue>3440643</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>15345770</TotalOfBookValueProgramRelated>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>Member Shares</Description>
        <Amount>13573333</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Member Sharedrafts</Description>
        <Amount>4950074</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Member Money Markets</Description>
        <Amount>1091610</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Member Certificates of Deposit</Description>
        <Amount>8802907</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Member IRA Certficates of Deposit</Description>
        <Amount>25197540</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Member Other Deposits</Description>
        <Amount>336518</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>53951982</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="R000003" softwareId="12000197" softwareVersion="v1.00">
      <GeneralExplanation>
        <Identifier>F990_P06_S0A_L06</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 6</ReturnReference>
        <Explanation>Credit Union Members (owners) only.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0A_L07a</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 7a</ReturnReference>
        <Explanation>Credit Union members (owners) elect the Governing Body at the Annual Meeting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L11b</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 11b</ReturnReference>
        <Explanation>Form 990 is available to the governing body. It is also available to the independent auditors and to the State Regulators.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L12c</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 12c</ReturnReference>
        <Explanation>Monitored &amp; reported to the Governing Body by the V/P Operations at each monthly meeting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0B_L15</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 15</ReturnReference>
        <Explanation>Compensation obtained through surveys among peer groups and through the TN Credit Union League. Approval is obtained from the Governing Body.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F990_P06_S0C_L19</Identifier>
        <ReturnReference>Form 990, Part VI, Section C, Line 19</ReturnReference>
        <Explanation>All documents, policies, &amp; statements are made available to the Membership (owners) upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>