Overview
What is State Chartered Credit Unions In North Carolina?
State Chartered Credit Unions in North Carolina, identified as CHAMPION CREDIT UNION, is a member-owned financial institution based in Canton, North Carolina. The cooperative boasts a membership of over 30,000 individuals who collectively promote savings, issue shares, and manage accounts. The credit union's primary mission involves offering loans to its members, while temporarily investing excess funds for future liquidity needs. Established as a state-chartered entity, this credit union provides financial services to its members, contributing to the local economy and enhancing their financial well-being.
Official website here: www.championcu.com
Is State Chartered Credit Unions In North Carolina legitimate?
State Chartered Credit Unions In North Carolina is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In North Carolina 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $646,005
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,173,591
For more financial information, click here
What is the mission statement of State Chartered Credit Unions In North Carolina?
State-chartered credit union in North Carolina, owned by over 30,000 members, exists to facilitate financial services for its community. The cooperative's primary mission revolves around promoting savings, issuing shares, and managing member accounts. Additionally, it lends money to its members using the deposited funds. Any excess funds not required for loans or immediate liquidity are temporarily invested. The credit union's primary objective is to serve its members effectively and efficiently, ensuring their financial needs are met.
Official website here: www.championcu.com
Who is the CEO of State Chartered Credit Unions In North Carolina?
Timothy Jake Robinson is the President/Ceo of State Chartered Credit Unions In North Carolina. The CEO's salary of State Chartered Credit Unions In North Carolina is $370,148 and their total compensation is $423,130.
Official website here: www.championcu.com
What is the revenue of State Chartered Credit Unions In North Carolina?
State Chartered Credit Unions In North Carolina's revenue in 2022 was $21,314,879.
Official website here: www.championcu.com
Who are the executives of State Chartered Credit Unions In North Carolina and what are their salaries?
The average compensation at State Chartered Credit Unions In North Carolina during 2022 was $49,319. There are 118 employees and 11 volunteers at State Chartered Credit Unions In North Carolina.
Here are 16 key members and their salaries (State Chartered Credit Unions In North Carolina's CEO's salary is $370,148 and their total compensation is $423,130):
- Timothy Robinson (President/Ceo)
- Brittainy Crawford (Cfo)
- Marcus Trull (Director Of Operations)
- Barbara Pinter (Director Of Lending)
- Karen Cioce (Mortgage Loan Officer)
- Christopher Wells (Mortgage Sales Manager)
- Misty Rice (Mortgage Loan Officer)
- Bryan Trantham (Chairperson) [Trustee/Director]
- Mike Arnott (Vice Chairperson) [Trustee/Director]
- Andrew Francis (Treasurer) [Trustee/Director]
- Jenifer Wood (Secretary) [Trustee/Director]
- Greg Boothroyd (Board Member) [Trustee/Director]
- Ron Mills (Board Member) [Trustee/Director]
- Howard Taylor (Board Member) [Trustee/Director]
- Dean Pressley (Board Member) [Trustee/Director]
- Stephany Semones (Board Member) [Trustee/Director]
Official website here: www.championcu.com
Where can I find the form 990 for State Chartered Credit Unions In North Carolina?
The State Chartered Credit Unions In North Carolina’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.championcu.com
Learn more at the official website: www.championcu.com
Mission Statement of State Chartered Credit Unions In North Carolina
State Chartered Credit Unions in North Carolina, a mutually owned financial institution, exists to serve its 30,390 members. Its mission is twofold: to foster savings and lending among its members, and to maintain a pool of investment funds for temporary use.
This North Carolina-based credit union operates as a cooperative, with each member having a role in its governance. The credit union collects deposits, issues shares, and maintains accounts for its members. In turn, it lends money to these same members when they need it. The funds not required for immediate loans or liquidity are invested temporarily.
State Chartered Credit Unions in North Carolina plays a crucial role in its members' financial lives. It empowers individuals to save and build wealth, providing them with a secure place to store their money. The credit union then lends these funds to its members, helping them achieve their financial goals, such as purchasing a home or starting a business. The fact that the credit union invests the surplus funds shows its commitment to maximizing returns for its members. Overall, State Chartered Credit Unions in North Carolina operates as a financial cooperative, dedicated to promoting member savings, issuing loans, and maintaining a pool of temporary investments.
Impact
This information is meant to be a general summary of State Chartered Credit Unions In North Carolina. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
State Chartered Credit Unions in North Carolina play a crucial role in providing financial services to their 30,390 members. They are mutually owned by their members, promoting deposits, issuing shares, maintaining accounts, and making loans to members. These credit unions help strengthen the local economy by offering accessible and affordable financial services to a significant number of individuals. They also contribute to community development by reinvesting funds back into the community through loans and other investments. The impact of State Chartered Credit Unions in North Carolina extends beyond just financial services, as they play a vital role in economic empowerment and community building.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans to Members
Revenue
$15,804,836
Investment Income
Revenue
$712,369
Fee Income
Revenue
$4,488,020
Other Operating Income
Revenue
$309,654
Organization Details
Founding Year
1932
Phone
(828) 648-1515
Principal Officer
Timothy Jake Robinson
Main Address
3 Academy Street, Canton, NC, 28716
Website
www.championcu.com
NTEE Category
Code: W60 - Public benefit
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