Smart Choice Credit Union

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

EIN: 571135349 ✦ Cleveland, TN ✦ Designated as a 501(c)(14)

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Overview

What is Smart Choice Credit Union?

Smart Choice Credit Union is a nonprofit organization that serves the community development population. Their primary mission is to offer credit union services, aiming to contribute positively to this specific population. By doing so, they play a crucial role in promoting financial well-being and inclusion within their community. Although the information provided is limited, it is evident that their commitment to community development is their guiding principle.

Is Smart Choice Credit Union legitimate?

Smart Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Smart Choice 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: $63,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Smart Choice Credit Union?

Smart Choice Credit Union is dedicated to serving the community development population by offering credit union services. Their mission is centered around providing financial solutions and resources to this specific population, aiming to contribute positively to their economic well-being and overall development. The credit union's activities are geared towards fostering financial inclusion and empowerment within the community it serves.

Who is the CEO of Smart Choice Credit Union?

Denis Collins is the President of Smart Choice Credit Union.

What is the revenue of Smart Choice Credit Union?

Smart Choice Credit Union's revenue in 2022 was $162,354.

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

The average compensation at Smart Choice Credit Union during 2022 was $31,960. There are 2 employees at Smart Choice Credit Union.


There is 1 key member and their salary:


Denis Collins (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Smart Choice Credit Union?

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

Mission Statement of Smart Choice Credit Union

Smart Choice Credit Union is committed to serving the community development population by providing credit union services. This mission is centered around extending financial services to individuals and communities that often face barriers in accessing traditional banking options. By offering credit union services, Smart Choice Credit Union aims to contribute positively to the well-being and financial stability of its target population.

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Impact




October, 2024

Smart Choice Credit Union plays a significant role in supporting financial stability and growth within the community development population in Cleveland, TN. By offering accessible credit union services, it enhances the financial literacy and well-being of individuals who might otherwise face barriers to traditional banking services. The credit union focuses on fostering economic empowerment, helping members build credit, secure loans, and improve their overall financial health. Its mission underscores a commitment to serving the community and contributing to its development, making a positive impact on local residents through inclusive financial opportunities.




This information is meant to be a general summary of Smart Choice 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
$162,354 (2022)
Expenses
$191,170 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $15,881
  • Program Service Revenue: $128,042
  • Gross Receipts: $162,354

Assets and Liabilities:

  • Total Assets: $3,678,260
  • Total Liabilities: $15,382
  • Net Assets: $3,662,878

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Programs

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

loan income

Revenue

$128,042

Organization Details

Founding Year

2003

Principal Officer

Denis Collins

Main Address

1075 Blythe Avenue SE, Cleveland, TN, 37311

NTEE Category

Code: W60 - Public benefit

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