Overview
What is Greater Kentucky Credit Union Inc?
Greater Kentucky Credit Union Inc, situated in Lexington, Kentucky, serves as a cooperative financial institution with a mission to foster financial savings and responsible credit usage. This nonprofit organization, with 28 employees, operates as a tax-exempt credit union, offering share and loan services to its members. It generated $623,731 in dividends and collected a total of $4,546,175 in interest income, investment income, and fees during its operations. As a community-focused entity, it contributes to the financial well-being of its members, promoting financial stability and growth.
Official website here: www.gtkycu.com/
What do the Facebook reviews say about Greater Kentucky Credit Union Inc?
78% of 7 reviewers on Facebook recommend Greater Kentucky Credit Union Inc. Here is a summary of their reviews:
Many users have expressed satisfaction with the credit union's services, particularly highlighting the competitive interest rates they received for vehicle financing. One user noted the pleasant surprise of securing a lower rate on an older vehicle than anticipated, which reflects the value they found in the credit union’s offerings.
Overall, customers appreciate the financial support provided by Greater Kentucky Credit Union, indicating that they successfully meet the needs of their members through favorable lending options. While the number of reviews is limited, those who have shared their experiences tend to endorse the credit union as a reliable and beneficial choice for financing.
This AI summary has been generated from reviews found on Facebook.
Is Greater Kentucky Credit Union Inc legitimate?
Greater Kentucky Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Greater Kentucky Credit Union Inc 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: $515,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $815,190
For more financial information, click here
Official website here: www.gtkycu.com/
What is the mission statement of Greater Kentucky Credit Union Inc?
Greater Kentucky Credit Union Inc, as a tax-exempt organization, is dedicated to offering share and loan services to its members. Its primary mission is to promote financial responsibility among its members by encouraging thrift and responsible use of credit. The credit union achieves this by providing various financial services, resulting in significant returns for its members. In 2021, it paid out $623,731 in dividends and collected $4,546,175 in interest income, investment income, and fees. The credit union serves as a cooperative financial institution, aiming to enhance the financial well-being of its members.
Official website here: www.gtkycu.com/
Who is the CEO of Greater Kentucky Credit Union Inc?
Debbie Pyle is the Exec Director/Ceo of Greater Kentucky Credit Union Inc. The CEO's salary of Greater Kentucky Credit Union Inc is $260,211 and their total compensation is $284,085.
Official website here: www.gtkycu.com/
What is the revenue of Greater Kentucky Credit Union Inc?
Greater Kentucky Credit Union Inc's revenue in 2022 was $5,100,885.
Official website here: www.gtkycu.com/
Who are the executives of Greater Kentucky Credit Union Inc and what are their salaries?
The average compensation at Greater Kentucky Credit Union Inc during 2022 was $47,531. There are 28 employees and 8 volunteers at Greater Kentucky Credit Union Inc.
Here are 9 key members and their salaries (Greater Kentucky Credit Union Inc's CEO's salary is $260,211 and their total compensation is $284,085):
- Compensation: $260,211
- Related: $0
- Other: $23,874
- Compensation: $92,669
- Related: $0
- Other: $12,749
- Compensation: $80,921
- Related: $0
- Other: $5,291
- Compensation: $81,890
- Related: $0
- Other: $3,748
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gtkycu.com/
Where can I find the form 990 for Greater Kentucky Credit Union Inc?
Greater Kentucky Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gtkycu.com/
Learn more at the official website: www.gtkycu.com/
Mission Statement of Greater Kentucky Credit Union Inc
Greater Kentucky Credit Union Inc, as a tax-exempt organization, is dedicated to serving its members by offering share and loan services. In simpler terms, this financial institution is committed to promoting financial responsibility through thrift and the wise use of credit. As a cooperative, its primary objective is to provide beneficial financial services to its members. The credit union achieved this by distributing dividends worth $623,731 and collecting a significant amount of revenue through interest income, investment income, and fees totaling $4,546,175.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Greater Kentucky Credit Union Inc plays a vital role in the local community by providing accessible financial services to its members. By offering share and loan services, the credit union promotes thrift and responsible credit use, enabling individuals and families to achieve their financial goals.
In a significant demonstration of its commitment to its members, the credit union paid out $623,731 in dividends, offering a tangible return on members' investments. Additionally, the $4,546,175 collected in interest income, investment income, and fees reflects the credit union's successful operations, which can be reinvested into the community or returned to members in various ways.
Based in Lexington, KY, Greater Kentucky Credit Union Inc not only supports individual financial health but also contributes to the economic stability and growth of the area. Its cooperative model ensures that profits benefit the members, fostering a sense of community and shared responsibility. Overall, the credit union's impact is felt through improved financial literacy, strengthened local economies, and enhanced access to essential financial services for those it serves.
This information is meant to be a general summary of Greater Kentucky Credit Union Inc. 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: $291,227
- Program Service Revenue: $4,254,948
- Gross Receipts: $5,100,885
Assets and Liabilities:
- Total Assets: $95,065,792
- Total Liabilities: $85,389,259
- Net Assets: $9,676,533
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee Income
Revenue
$662,165
Investments on Loans
Revenue
$3,592,783
Organization Details
Founding Year
1953
Phone
(859) 231-9300Principal Officer
Debbie Pyle
Main Address
1001 Red Mile Road, Lexington, KY, 40504
Website
www.gtkycu.com/NTEE Category
Code: W60 - Public benefit
If you are a representative of Greater Kentucky Credit Union Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.