State Chartered Credit Unions In North Carolina Piedmont Credit Union

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

EIN: 581679069 ✦ Statesville, NC ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Unions In North Carolina Piedmont Credit Union?

State Chartered Credit Unions In North Carolina, specifically Piedmont Credit Union, is a nonprofit organization located in Statesville, North Carolina. With three dedicated employees, the credit union's primary focus is to offer financial services to its member-shareholders. They provide loans and ensure the payment of reasonable dividends, promoting financial well-being within their community. Operating from a PO Box 1307 address, this credit union is committed to serving its members by offering financial assistance at reasonable rates.


Official website here: www.piedmontcreditunion.com

Is State Chartered Credit Unions In North Carolina Piedmont Credit Union legitimate?

State Chartered Credit Unions In North Carolina Piedmont Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In North Carolina Piedmont 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: $43,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,402

For more financial information, click here


Official website here: www.piedmontcreditunion.com

What is the mission statement of State Chartered Credit Unions In North Carolina Piedmont Credit Union?

Piedmont Credit Union, as a state-chartered credit union, is dedicated to serving its member-shareholders by offering financial services at a reasonable cost. Their primary mission is to provide loans to their members and ensure the payment of reasonable dividends. In essence, they strive to fulfill the financial needs of their members while ensuring a fair return on their investments.


Official website here: www.piedmontcreditunion.com

Who is the CEO of State Chartered Credit Unions In North Carolina Piedmont Credit Union?

Ginger Waddell is the Treasurer Secretary of State Chartered Credit Unions In North Carolina Piedmont Credit Union.


Official website here: www.piedmontcreditunion.com

What is the revenue of State Chartered Credit Unions In North Carolina Piedmont Credit Union?

State Chartered Credit Unions In North Carolina Piedmont Credit Union's revenue in 2022 was $236,806.


Official website here: www.piedmontcreditunion.com

Who are the executives of State Chartered Credit Unions In North Carolina Piedmont Credit Union and what are their salaries?

The average compensation at State Chartered Credit Unions In North Carolina Piedmont Credit Union during 2022 was $32,627. There are 3 employees and 5 volunteers at State Chartered Credit Unions In North Carolina Piedmont Credit Union.


Here are 5 key members and their salaries:


Ginger Waddell (Treasurer Secretary)
  • Compensation: $43,478
  • Related: $0
  • Other: $0
Frank Furches Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William R Dellinger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darlene Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.piedmontcreditunion.com

Where can I find the form 990 for State Chartered Credit Unions In North Carolina Piedmont Credit Union?

State Chartered Credit Unions In North Carolina Piedmont Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.piedmontcreditunion.com

Learn more at the official website: www.piedmontcreditunion.com

Mission Statement of State Chartered Credit Unions In North Carolina Piedmont Credit Union

State Chartered Credit Unions In North Carolina Piedmont Credit Union is committed to providing financial services to its member shareholders at reasonable rates. This nonprofit organization's primary mission is to extend loans to its members and ensure they receive fair dividends in return. By doing so, it aims to promote financial inclusivity and affordability among its member base. The credit union's operations are centered around this core mission, ensuring that its financial services are accessible and beneficial to its members.

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Impact




October, 2024

State Chartered Credit Unions in North Carolina Piedmont Credit Union plays a significant role in the financial landscape of the community. By providing financial services at reasonable rates, it ensures that members have access to essential banking resources without the burdensome costs often associated with traditional banking institutions.

The credit union actively serves its members by offering loans tailored to their needs, thereby fostering economic growth and stability within the community. By paying reasonable dividends, it encourages savings among its members, promoting financial wellness and security.

Located in Statesville, NC, Piedmont Credit Union's mission to serve member shareholders aligns with the broader goals of enhancing public benefit through accessible financial services. This commitment not only supports individual financial health but also contributes to the overall economic vitality of the area.




This information is meant to be a general summary of State Chartered Credit Unions In North Carolina Piedmont 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
$236,806 (2022)
Expenses
$249,850 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,747
  • Program Service Revenue: $197,059
  • Gross Receipts: $236,806

Assets and Liabilities:

  • Total Assets: $5,153,142
  • Total Liabilities: $4,686,319
  • Net Assets: $466,823

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Programs

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

Loan Intrest Income

Revenue

$197,059

Organization Details

Founding Year

1981

Principal Officer

Ginger Waddell

Main Address

PO Box 1307, Statesville, NC, 28687

NTEE Category

Code: W60 - Public benefit

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