Lge Community Credit Union

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

EIN: 586032554 ✦ Atlanta, GA ✦ Designated as a 501(c)(14)

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Overview

What is Lge Community Credit Union?

Lge Community Credit Union, based in Atlanta, Georgia (3100 Cumberland Blvd, 30339), is a thriving nonprofit organization with a mission to serve its member-owners. The credit union derives its financial foundation from the income generated through its membership and the wise investment of their funds. This foundation enables the organization to offer essential savings and lending services to its restricted membership. The total workforce of 337 employees is dedicated to ensuring the credit union's success and growth.


Official website here: www.lgeccu.org

Is Lge Community Credit Union legitimate?

Lge Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lge Community 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: $2,426,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,253,363

For more financial information, click here


Official website here: www.lgeccu.org

What is the mission statement of Lge Community Credit Union?

Lge Community Credit Union is committed to providing savings and lending services to its member-owners. The cooperative's operations are funded primarily by income from membership and the investment of members' funds. This financial foundation enables the organization to offer essential financial services to its restricted membership. By fostering financial well-being, the credit union contributes to the overall financial stability and prosperity of its members. Through its savings and lending activities, Lge Community Credit Union aims to help its members achieve their financial goals and improve their economic condition.


Official website here: www.lgeccu.org

Who is the CEO of Lge Community Credit Union?

Chris Leggett is the Bod Member of Lge Community Credit Union. The CEO's salary of Lge Community Credit Union is $696,660 and their total compensation is $751,460.


Official website here: www.lgeccu.org

What is the revenue of Lge Community Credit Union?

Lge Community Credit Union's revenue in 2022 was $89,576,565.


Official website here: www.lgeccu.org

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

The average compensation at Lge Community Credit Union during 2022 was $58,398. There are 337 employees and 13 volunteers at Lge Community Credit Union.


Here are 21 key members and their salaries (Lge Community Credit Union's CEO's salary is $696,660 and their total compensation is $751,460):


Richard Dixon (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank S Myers (Bod Member/Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monte F Cagle (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Braund (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curt Earnest (Bod V. Chair/Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Sanseviro (Bod Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise O'Connell (Bod Treasurer/Sc Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Bishop (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Sumpter (Bod Member/Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Jones (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bridges Holmes (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Leggett (President/Ceo)
  • Compensation: $696,660
  • Related: $0
  • Other: $54,800
Sean Ferrell (Svp/Cfo)
  • Compensation: $375,509
  • Related: $0
  • Other: $53,819
Janet C Wagner (Svp/Cao)
  • Compensation: $361,649
  • Related: $0
  • Other: $34,163
Rodney Grizzle (Svp/Coo)
  • Compensation: $350,328
  • Related: $0
  • Other: $57,538
Murali Krishnan (Svp/Cio)
  • Compensation: $397,539
  • Related: $0
  • Other: $44,738
Collin Kee (Financial Advisor)
  • Compensation: $259,472
  • Related: $0
  • Other: $33,003
Judy Kinney (Svp Operations)
  • Compensation: $233,089
  • Related: $0
  • Other: $21,890
Keith Edwards (Vp Of Finance)
  • Compensation: $209,704
  • Related: $0
  • Other: $27,139
Ryan Napier (Vp Of Human Resources)
  • Compensation: $211,447
  • Related: $0
  • Other: $22,931
Valerie Harper (Vp Consumer Lending)
  • Compensation: $201,373
  • Related: $0
  • Other: $22,603


Official website here: www.lgeccu.org

Where can I find the form 990 for Lge Community Credit Union?

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


Official website here: www.lgeccu.org

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

Mission Statement of Lge Community Credit Union

Lge Community Credit Union, with its mission rooted in savings and lending activities, serves its member-owners as a cooperative. This financial institution provides the essential foundation for its operations through income derived from membership and the investment of members' funds.

In simpler terms, Lge Community Credit Union is dedicated to delivering financial services to its exclusive membership base. Savings and lending form the core of its operations, enabling the cooperative to thrive and extend its benefits to its members. The income generated from this cooperative setup funds the organization's daily functions and services.

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Impact




October, 2024

Lge Community Credit Union plays a significant role in fostering financial well-being among its member-owners in Atlanta, GA. By offering savings and lending services, the credit union empowers its members to manage their financial resources effectively and pursue their personal goals. The income generated from membership and prudent investment of members' funds enables Lge Community Credit Union to maintain its operations and expand its services, directly benefiting its restricted membership.

Through its focus on providing accessible financial services, Lge Community Credit Union promotes community development and economic stability. By prioritizing member needs and supporting responsible lending practices, the credit union helps individuals and families build savings, achieve financial security, and invest in their futures. Overall, Lge Community Credit Union stands as a vital institution that contributes to public benefit by enhancing the financial landscape for its members.




This information is meant to be a general summary of Lge Community 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
$89,576,565 (2022)
Expenses
$67,421,896 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,459,407
  • Program Service Revenue: $78,117,158
  • Gross Receipts: $106,192,644

Assets and Liabilities:

  • Total Assets: $2,043,638,947
  • Total Liabilities: $1,859,418,387
  • Net Assets: $184,220,560

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Programs

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

INCOME FROM LOANS

Revenue

$52,155,674

FEE/OTHER INCOME

Revenue

$25,843,418

FINANCE AND INSURANCE

Revenue

$118,066

Organization Details

Founding Year

1951

Principal Officer

Chris Leggett

Main Address

3100 CUMBERLAND BLVD, ATLANTA, GA, 30339

NTEE Category

Code: W60 - Public benefit

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