Cs Credit Union

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

EIN: 561515386 ✦ Catawba, NC ✦ Designated as a 501(c)(14)

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Overview

What is Cs Credit Union?

Cs Credit Union is a nonprofit organization situated in Catawba, North Carolina, with a membership of 2,975 individuals. They offer financial services to their members, managing deposits totaling $28,772,745 and providing loans worth $12,928,260. The credit union's mission is to foster financial well-being among its members, providing savings and checking deposit accounts, as well as loans. To facilitate these services, they offer electronic platforms. With a team of 9 employees, Cs Credit Union works diligently to meet the financial needs of its members.


Official website here: www.csnccreditunion.org

Is Cs Credit Union legitimate?

Cs Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cs 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: $143,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $317,554

For more financial information, click here


Official website here: www.csnccreditunion.org

What is the mission statement of Cs Credit Union?

Cs Credit Union's mission is centered around providing financial services to its members. They achieve this by offering savings and checking deposit accounts, as well as loans to their members. Additionally, they provide electronic services to facilitate these financial transactions. As of the provided data, they have served 2,975 members with a total of $28,772,745 in deposits, and have outstanding loans totaling $12,928,260 for 1,886 members.


Official website here: www.csnccreditunion.org

Who is the CEO of Cs Credit Union?

Dale Sherrill is the Director of Cs Credit Union. The CEO's salary of Cs Credit Union is $113,036 and their total compensation is $143,961.


Official website here: www.csnccreditunion.org

What is the revenue of Cs Credit Union?

Cs Credit Union's revenue in 2022 was $1,302,991.


Official website here: www.csnccreditunion.org

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

The average compensation at Cs Credit Union during 2022 was $51,279. There are 9 employees and 12 volunteers at Cs Credit Union.


Here are 8 key members and their salaries (Cs Credit Union's CEO's salary is $113,036 and their total compensation is $143,961):


Alex Meyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Ferber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Smitty Drum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Dale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Sipe (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Gay (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Sherrill (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Vaden (Manager/Ceo)
  • Compensation: $113,036
  • Related: $0
  • Other: $30,925


Official website here: www.csnccreditunion.org

Where can I find the form 990 for Cs Credit Union?

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


Official website here: www.csnccreditunion.org

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

Mission Statement of Cs Credit Union

Cs Credit Union, as a financial institution, is committed to serving its members. Its mission is to provide a wide range of financial services, including saving and checking deposit accounts, loans, and electronic services. The credit union aims to facilitate these services for its members, currently numbering 2,975, who have collectively deposited a total of $28,772,745. In addition to these deposits, Cs Credit Union has extended loans to 1,886 of its members, totaling $12,928,260 in outstanding loans. To enhance financial management and accessibility for its members, Cs Credit Union also offers electronic services.

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Impact




October, 2024

Cs Credit Union plays a significant role in the financial well-being of its community members in Catawba, NC. With a membership base of 2,975 individuals, the credit union manages a remarkable total of $28,772,745 in deposits, highlighting the trust and reliance members place in its services. Additionally, it has facilitated 1,886 loans amounting to $12,928,260, empowering members to achieve their financial goals through accessible credit options. By providing essential financial accounts, loans, and electronic services, Cs Credit Union enhances financial inclusivity and supports the overall economic development of its community, ensuring that members have the resources and tools needed to manage their finances effectively.




This information is meant to be a general summary of Cs 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
$1,302,991 (2022)
Expenses
$1,125,919 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $346,881
  • Program Service Revenue: $879,368
  • Gross Receipts: $1,302,991

Assets and Liabilities:

  • Total Assets: $32,744,587
  • Total Liabilities: $28,853,889
  • Net Assets: $3,890,698

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Programs

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

INTEREST FROM LOANS

Revenue

$730,684

FEES

Revenue

$148,684

Organization Details

Founding Year

1986

Principal Officer

Dale Sherrill

Main Address

6519 COMM SCOPE ROAD, CATAWBA, NC, 28609

NTEE Category

Code: W60 - Public benefit

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