Overview
What is State Chartered Credit Unions In North Carolina?
State Chartered Credit Unions in North Carolina is a nonprofit financial institution based in Greensboro, North Carolina (AddressLine1Txt: 8210 W MARKET ST). Their mission is to offer affordable loans and services to their members (# of members=36,109). They have provided 20,929 loans totaling $193,771,860. With a team of 102 employees, they continue to uphold their goal of reasonable rates and costs.
Official website here: www.summitcu.org
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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of State Chartered Credit Unions In North Carolina?
State-chartered credit unions in North Carolina operate with a mission to extend loans and financial services to their members at affordable rates and costs. With over 20,929 loans disbursed and an amount reaching $193,771,860, they have successfully catered to a membership base of 36,109 individuals. The core objective of these credit unions is to ensure accessible financial solutions for their members, fostering financial well-being and stability within their communities. By prioritizing reasonable rates and costs, these credit unions have established a strong commitment towards empowering their members to achieve their financial goals.
Official website here: www.summitcu.org
Who is the CEO of State Chartered Credit Unions In North Carolina?
Sam Whitehurst is the Ceo/President of State Chartered Credit Unions In North Carolina. The CEO's salary of State Chartered Credit Unions In North Carolina is $358,028 and their total compensation is $358,028.
Official website here: www.summitcu.org
What is the revenue of State Chartered Credit Unions In North Carolina?
State Chartered Credit Unions In North Carolina's revenue in 2022 was $18,701,954.
Official website here: www.summitcu.org
Who are the executives of State Chartered Credit Unions In North Carolina and what are their salaries?
Here are 13 key members and their salaries (State Chartered Credit Unions In North Carolina's CEO's salary is $358,028 and their total compensation is $358,028):
- Sam Whitehurst (Ceo/President)
- Derek Williamson (Svp/Cfo)
- Carol Nault (Svp/Coo)
- Marc Jacobson (Svp/Risk Management)
- G A Thornton (Chairman) [Trustee/Director]
- Dan Greene (Vice-Chairman) [Trustee/Director]
- Paul Francis (Treasurer) [Trustee/Director]
- Sharisse Fuller (Secretary) [Trustee/Director]
- Roger Pyatt (Board Member) [Trustee/Director]
- Tom Welch (Board Emeritus) [Trustee/Director]
- Rick Miller (Board Member) [Trustee/Director]
- Paul Martino (Board Member) [Trustee/Director]
- Brenda Gibson (Board Member) [Trustee/Director]
Official website here: www.summitcu.org
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.summitcu.org
Learn more at the official website: www.summitcu.org
Mission Statement of State Chartered Credit Unions In North Carolina
State Chartered Credit Unions in North Carolina, a not-for-profit financial institution, is committed to providing loans and essential services to its members at affordable rates. With a membership base of 36,109 individuals and an impressive loan portfolio of $193,771,860, spread across 20,929 loans, the organization has proven its dedication to fulfilling this mission.
In simple terms, the State Chartered Credit Unions in North Carolina aims to serve its members by offering financial assistance through loans and various services at reasonable and affordable costs. By doing so, it empowers individuals to improve their financial situations and meet their financial goals. The organization's emphasis on affordability sets it apart from many traditional financial institutions, making it an attractive option for those in need of financial assistance.
Furthermore, the State Chartered Credit Unions in North Carolina is more than just a lending institution. It is a community-focused organization that prioritizes the financial well-being of its members. By providing loans and services at reasonable rates, it enables individuals and families to manage their finances effectively, build savings, and ultimately, improve their overall financial situation. In turn, this not only benefits the members but also contributes to the economic stability of the North Carolina community.
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 have a significant impact on the community by providing loans and services to members at reasonable rates and costs. With over 20,000 loans totaling nearly $194 million, they are helping individuals and families access the financial resources they need. Additionally, serving over 36,000 members, these credit unions play a crucial role in promoting financial stability and well-being in the state. Their mission to provide affordable financial solutions contributes to the overall economic health of North Carolina.
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
Revenue
$11,203,677
Debit Card Inc/Late fees/NSF and Paid Chgs/WD fees
Revenue
$3,775,299
Visa inc/RETC fees/Ins reimb/EAS/Safety dep box inc
Revenue
$864,145
Other Ins reimb/Truestage/GAP Ins
Revenue
$698,691
Share Branch Inc/Deluxe Inc/Sallie Mae Inc
Revenue
$389,302
Organization Details
Founding Year
1935
Phone
(336) 662-6200
Principal Officer
Sam Whitehurst
Main Address
8210 W MARKET ST, GREENSBORO, NC, 27409
Website
www.summitcu.org
NTEE Category
Code: W60 - Public benefit
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