Greater Kinston Credit Union

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

EIN: 560895888 ✦ Kinston, NC ✦ Designated as a 501(c)(14)

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Overview

What is Greater Kinston Credit Union?

Greater Kinston Credit Union is a nonprofit financial institution situated in Kinston, North Carolina, specifically at 901 N Queen Street. With a mission to serve its members, particularly those residing in low-income communities, the credit union offers a comprehensive range of savings and credit services. During 2022, they extended new lending to 3,959 members to the tune of $1.7 million. The credit union is managed by a team of five dedicated individuals.


Official website here: www.greaterkcu.org

Is Greater Kinston Credit Union legitimate?

Greater Kinston Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Greater Kinston 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: $77,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,440

For more financial information, click here


Official website here: www.greaterkcu.org

What is the mission statement of Greater Kinston Credit Union?

Greater Kinston Credit Union's mission is centered around providing sustainable financial services, specifically savings and credit options. This mission is particularly geared towards supporting individuals in low-income communities. The credit union strives to make these financial services accessible and beneficial to its members, numbering over 3,959, as evidenced by their lending activities of $1.7 million in 2022.


Official website here: www.greaterkcu.org

Who is the CEO of Greater Kinston Credit Union?

Jaimie Spruill is the Director of Greater Kinston Credit Union. The CEO's salary of Greater Kinston Credit Union is $70,914 and their total compensation is $77,762.


Official website here: www.greaterkcu.org

What is the revenue of Greater Kinston Credit Union?

Greater Kinston Credit Union's revenue in 2022 was $756,469.


Official website here: www.greaterkcu.org

Who are the executives of Greater Kinston Credit Union and what are their salaries?

The average compensation at Greater Kinston Credit Union during 2022 was $44,040. There are 5 employees and 15 volunteers at Greater Kinston Credit Union.


Here are 10 key members and their salaries (Greater Kinston Credit Union's CEO's salary is $70,914 and their total compensation is $77,762):


Faith Bynum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Cochran (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Kelly (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Preston Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Swinson Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Cox-Daugherty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natasha Rouse (V. Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
John W Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Hutson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaimie Spruill (Ceo)
  • Compensation: $70,914
  • Related: $0
  • Other: $6,848


Official website here: www.greaterkcu.org

Where can I find the form 990 for Greater Kinston Credit Union?

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


Official website here: www.greaterkcu.org

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

Mission Statement of Greater Kinston Credit Union

Greater Kinston Credit Union, a nonprofit organization, is dedicated to providing savings and credit services to its members, with a particular focus on communities with lower income levels. The credit union's mission is to offer financial assistance and resources in a responsible and provident manner, aiming to uplift and support its members who may be in need of such services. During 2022, Greater Kinston Credit Union demonstrated its commitment by providing a wide array of financial services to 3,959 members and extending new lending of $1.7 million. This indicates that the credit union is actively fulfilling its mission by offering financial assistance to its members in low-income communities.

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Impact




October, 2024

Greater Kinston Credit Union plays a significant role in enhancing the financial well-being of its community, particularly in low-income areas. By providing essential savings and credit services, GKCU supports its 3,959 members in achieving their financial goals. In 2022 alone, the credit union facilitated new lending of $1.7 million, empowering individuals and families to invest in their futures, whether through education, home ownership, or other critical needs.

Through its mission, GKCU fosters a sense of financial stability and independence among residents, contributing to the overall economic vitality of Kinston, NC. By focusing on accessible financial services, Greater Kinston Credit Union not only aids its members but also strengthens community ties and promotes economic development.




This information is meant to be a general summary of Greater Kinston 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
$756,469 (2022)
Expenses
$624,700 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,645
  • Program Service Revenue: $698,188
  • Gross Receipts: $803,531

Assets and Liabilities:

  • Total Assets: $13,523,496
  • Total Liabilities: $11,690,101
  • Net Assets: $1,833,395

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Programs

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

LOANS TO MEMBERS

Revenue

$478,657

FEES AND CHARGES

Revenue

$219,531

Organization Details

Founding Year

1952

Principal Officer

Jaimie Spruill

Main Address

901 N QUEEN STREET, KINSTON, NC, 28501

NTEE Category

Code: W60 - Public benefit

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