Overview
What is Pinnacle Credit Union?
Pinnacle Credit Union, based in Atlanta, Georgia, is a member-owned cooperative association established to promote thrift and provide credit among its members. As a nonprofit organization, it offers competitive interest and dividend rates, as well as convenient ways to access accounts, such as online and mobile banking. Pinnacle Credit Union provides various loan options, including mortgages and vehicle loans, and offers accounts for members to save with options like share and share draft accounts and share certificates. Its mission is to serve its members by ensuring their financial well-being, offering lower interest rates on loans and fewer fees. The organization is led by a board of directors elected from its membership, ensuring a member-centric approach to its operations. With a total of 32 employees, Pinnacle Credit Union is committed to providing exceptional financial services to its members.
Official website here: www.pinnaclecu.org
Is Pinnacle Credit Union legitimate?
Pinnacle Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pinnacle 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: $833,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,149,163
For more financial information, click here
Official website here: www.pinnaclecu.org
What is the mission statement of Pinnacle Credit Union?
Pinnacle Credit Union serves as a cooperative association, primarily established to foster savings among its members and offer them credit when needed. As a not-for-profit organization, Pinnacle Credit Union returns its profits to its members in the form of better savings rates, lower loan interest rates, and fewer fees. The credit union is member-owned and governed by a board of directors elected from its membership. Pinnacle Credit Union offers various loan options, including mortgages and vehicle loans, to its members. Additionally, it provides a range of accounts for members to save and transact, such as share and share draft accounts, and share certificates. The credit union is committed to providing competitive interest and dividend rates to its members and offering convenient ways to access their accounts, including online and mobile banking and shared branching services.
Official website here: www.pinnaclecu.org
Who is the CEO of Pinnacle Credit Union?
Unavailable The CEO's salary of Pinnacle Credit Union is $191,089 and their total compensation is $366,429.
Official website here: www.pinnaclecu.org
What is the revenue of Pinnacle Credit Union?
Pinnacle Credit Union's revenue in 2022 was $5,871,610.
Official website here: www.pinnaclecu.org
Who are the executives of Pinnacle Credit Union and what are their salaries?
The average compensation at Pinnacle Credit Union during 2022 was $61,959. There are 32 employees and 6 volunteers at Pinnacle Credit Union.
Here are 11 key members and their salaries (Pinnacle Credit Union's CEO's salary is $191,089 and their total compensation is $366,429):
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $111,974
- Related: $0
- Other: $28,715
- Compensation: $107,333
- Related: $0
- Other: $26,663
- Compensation: $116,356
- Related: $0
- Other: $36,762
- Compensation: $145,704
- Related: $0
- Other: $38,335
- Compensation: $191,089
- Related: $0
- Other: $175,340
Official website here: www.pinnaclecu.org
Where can I find the form 990 for Pinnacle Credit Union?
Pinnacle Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pinnaclecu.org
Learn more at the official website: www.pinnaclecu.org
Mission Statement of Pinnacle Credit Union
Pinnacle Credit Union, a not-for-profit organization, is structured as a cooperative association with a primary goal of fostering thrift among its members and serving as a credit source. The credit union is owned and governed by its members, with a board of directors elected from the membership base. As a cooperative, Pinnacle Credit Union operates with the intent of providing competitive interest rates and dividends to its members, while keeping loan interests and fees to a minimum.
The mission of Pinnacle Credit Union is to promote financial well-being within its membership. By offering mortgage, vehicle, and various consumer loans, the credit union empowers its members to access credit when needed. Furthermore, Pinnacle Credit Union provides a range of account options, such as share and share draft accounts, share certificates, and other transactional and savings accounts, to cater to the diverse financial needs of its members.
As a member-owned organization, Pinnacle Credit Union prioritizes the convenience of its members, offering online and mobile banking, as well as shared branching services. This commitment to member satisfaction is a testament to the credit union's dedication to its mission of promoting thrift, providing credit, and fostering financial well-being among its members.
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Impact
October, 2024
Pinnacle Credit Union has a significant impact on its members and the community by promoting financial well-being and providing access to essential financial services. As a cooperative organization, Pinnacle focuses on fostering thrift and creating a reliable source of credit, which empowers individuals to achieve their financial goals.
The credit union offers a variety of loan products, including mortgages and vehicle loans, enabling members to make significant purchases and investments in their futures. Additionally, Pinnacle provides various accounts for saving and transacting, such as share accounts and share certificates, allowing members to manage their finances efficiently.
By prioritizing member needs, Pinnacle is able to offer competitive interest rates on savings and lower rates on loans, enhancing the financial health of its community. Its digital banking services, including online and mobile banking, ensure that members have convenient access to their accounts, promoting financial inclusivity.
In essence, Pinnacle Credit Union serves as a valuable resource, fostering economic stability and growth within Atlanta, GA, by creating a supportive environment for its members to thrive financially.
This information is meant to be a general summary of Pinnacle 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,159,304
- Program Service Revenue: $3,712,306
- Gross Receipts: $11,537,051
Assets and Liabilities:
- Total Assets: $92,125,054
- Total Liabilities: $87,742,158
- Net Assets: $4,382,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$2,386,343
FEES/CHARGES/OTHER
Revenue
$1,325,963
Organization Details
Founding Year
1926
Phone
(404) 888-1648Main Address
1342 GLENWOOD AVE SE, ATLANTA, GA, 30316
Website
www.pinnaclecu.orgNTEE Category
Code: W60 - Public benefit
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