Overview
What is Chattanooga Federal Employees Credit Union?
Chattanooga Federal Employees Credit Union is a nonprofit institution based in Chattanooga, Tennessee. With a primary focus on financial services, the credit union offers a range of loan options to its approximately 2,776 members. Located at PO Box 22205, the credit union's mission is to provide financial assistance through loans, savings, and various other services. The credit union employs a modest team of 11 individuals to facilitate these financial needs.
Official website here: www.cfecu.org
Is Chattanooga Federal Employees Credit Union legitimate?
Chattanooga Federal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Chattanooga Federal Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $401,639
For more financial information, click here
Official website here: www.cfecu.org
What is the mission statement of Chattanooga Federal Employees Credit Union?
The Chattanooga Federal Employees Credit Union's mission is centered around providing financial services. Specifically, it aims to cater to approximately 2,776 members by offering a range of financial services such as loans and savings options. The credit union is committed to serving its members effectively, as evidenced by its provision of various loan services.
Official website here: www.cfecu.org
Who is the CEO of Chattanooga Federal Employees Credit Union?
Mark Fraker is the Ceo of Chattanooga Federal Employees Credit Union. The CEO's salary of Chattanooga Federal Employees Credit Union is $119,695 and their total compensation is $154,555.
Official website here: www.cfecu.org
What is the revenue of Chattanooga Federal Employees Credit Union?
Chattanooga Federal Employees Credit Union's revenue in 2022 was $2,162,079.
Official website here: www.cfecu.org
Who are the executives of Chattanooga Federal Employees Credit Union and what are their salaries?
The average compensation at Chattanooga Federal Employees Credit Union during 2022 was $36,513. There are 11 employees and 7 volunteers at Chattanooga Federal Employees Credit Union.
Here are 8 key members and their salaries (Chattanooga Federal Employees Credit Union's CEO's salary is $119,695 and their total compensation is $154,555):
- Compensation: $119,695
- Related: $0
- Other: $34,860
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cfecu.org
Where can I find the form 990 for Chattanooga Federal Employees Credit Union?
Chattanooga Federal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfecu.org
Learn more at the official website: www.cfecu.org
Mission Statement of Chattanooga Federal Employees Credit Union
Chattanooga Federal Employees Credit Union is dedicated to its mission of providing financial services to its approximately 2,776 members. This mission encompasses offering various loan services and savings options, ensuring that each member has access to the financial assistance they need. The credit union's primary objective is to serve its members, providing them with the necessary financial tools to manage their finances effectively. The credit union's activities are centered around offering loans, savings, and other financial services, thereby contributing to the financial well-being of its members.
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Impact
October, 2024
Chattanooga Federal Employees Credit Union significantly impacts the financial well-being of its approximately 2,776 members by offering a range of financial services tailored to their needs. By providing various loan services, the credit union empowers its members with the resources necessary for personal and professional growth.
In addition to loans, the credit union supports members' savings efforts, fostering financial stability and promoting responsible money management. This local institution plays a vital role in enhancing the economic landscape of Chattanooga, TN, by ensuring that its members have access to affordable financial services that encourage community engagement and development. Through its personalized approach, the Chattanooga Federal Employees Credit Union strengthens the financial health of individuals and, by extension, the community as a whole.
This information is meant to be a general summary of Chattanooga Federal Employees 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: $230,194
- Program Service Revenue: $1,876,283
- Gross Receipts: $2,162,079
Assets and Liabilities:
- Total Assets: $64,263,581
- Total Liabilities: $53,258,216
- Net Assets: $11,005,365
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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
$1,644,100
FEE INCOME
Revenue
$232,183
Organization Details
Founding Year
1925
Phone
(423) 892-3738Principal Officer
Mark Fraker
Main Address
P O BOX 22205, CHATTANOOGA, TN, 374222205
Website
www.cfecu.orgNTEE Category
Code: W60 - Public benefit
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