Community Spirit Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350852399 ✦ Lawrenceburg, IN ✦ Designated as a 501(c)(14)

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Overview

What is Community Spirit Credit Union?

Community Spirit Credit Union is a state-chartered financial institution located at 160 Industrial Drive, Lawrenceburg, Indiana 47025. With a mission to provide loan and deposit services to its approximately 2,000 members, this credit union operates as a nonprofit organization. Employing a team of five individuals, Community Spirit Credit Union offers a range of financial services to its members, aiming to foster financial well-being and stability within its community.


Official website here: www.communityspiritcu.org

Is Community Spirit Credit Union legitimate?

Community Spirit Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Spirit Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,140

For more financial information, click here


Official website here: www.communityspiritcu.org

What is the mission statement of Community Spirit Credit Union?

Community Spirit Credit Union's mission is centered around its status as a state-chartered credit union. Its primary objective is to offer loan and deposit services to its approximately 2,000 members. The credit union's mission is to serve its members effectively, providing them with essential financial services. By doing so, the credit union aims to contribute to its members' financial well-being and overall financial stability. The credit union's activities are focused on meeting the financial needs of its members, ensuring they have access to necessary financial services.


Official website here: www.communityspiritcu.org

Who is the CEO of Community Spirit Credit Union?

Tamara Brett is the Chair of Community Spirit Credit Union. The CEO's salary of Community Spirit Credit Union is $66,449 and their total compensation is $66,449.


Official website here: www.communityspiritcu.org

What is the revenue of Community Spirit Credit Union?

Community Spirit Credit Union's revenue in 2022 was $887,743.


Official website here: www.communityspiritcu.org

Who are the executives of Community Spirit Credit Union and what are their salaries?

The average compensation at Community Spirit Credit Union during 2022 was $42,228. There are 5 employees at Community Spirit Credit Union.


Here are 8 key members and their salaries (Community Spirit Credit Union's CEO's salary is $66,449 and their total compensation is $66,449):


Kevin Rennier (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Arnett (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Potts (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Potts (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Noel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Soule (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Arend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamara Brett (Ceo)
  • Compensation: $66,449
  • Related: $0
  • Other: $0


Official website here: www.communityspiritcu.org

Where can I find the form 990 for Community Spirit Credit Union?

Community Spirit Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.communityspiritcu.org

Learn more at the official website: www.communityspiritcu.org

Mission Statement of Community Spirit Credit Union

Community Spirit Credit Union, as a state-chartered credit union, is dedicated to providing loan and deposit services to its approximately 2,000 members. In simpler terms, this financial institution operates with the primary objective of offering both borrowing and savings opportunities to its member base. By doing so, it contributes to the financial well-being of its community, allowing its members to manage their finances effectively and achieve their financial goals.

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Impact




October, 2024

Community Spirit Credit Union serves approximately 2,000 members in Lawrenceburg, IN, by providing essential loan and deposit services that foster financial stability and growth within the community. Its commitment to accessibility ensures that members have the resources they need to achieve their financial goals, whether that’s purchasing a home, financing education, or managing day-to-day expenses. By focusing on the needs of its members, the credit union strengthens the local economy, promotes responsible lending, and enhances community engagement. Additionally, its public benefit mission fosters a sense of solidarity and trust among members, thereby improving overall community welfare.




This information is meant to be a general summary of Community Spirit Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$887,743 (2022)
Expenses
$759,314 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $87,570
  • Program Service Revenue: $800,173
  • Gross Receipts: $887,743

Assets and Liabilities:

  • Total Assets: $17,946,095
  • Total Liabilities: $15,672,558
  • Net Assets: $2,273,537

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$483,805

OTHER

Revenue

$205,816

FEE INCOME

Revenue

$110,552

Organization Details

Founding Year

1937

Principal Officer

Tamara Brett

Main Address

160 INDUSTRIAL DRIVE, LAWRENCEBURG, IN, 47025

NTEE Category

Code: W61 - Public benefit

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