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City Employees Credit Union

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

EIN: 620160633 ✦ Knoxville, TN ✦ Designated as a 501(c)(14)

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Overview

What is City Employees Credit Union?

City Employees Credit Union is a not-for-profit financial institution situated in Knoxville, Tennessee, specifically at 1720 WESTERN AVENUE. Its primary purpose is to serve its approximately 8,649 members by offering various loan, savings, and other financial services. The credit union, with a team of 26 employees, aims to support its members by providing them with essential financial resources.


Official website here: www.cecuknox.com

Is City Employees Credit Union legitimate?

City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. City 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: $1,066,712

For more financial information, click here


Official website here: www.cecuknox.com

What is the mission statement of City Employees Credit Union?

City Employees Credit Union is committed to serving its approximately 8,649 members. Their mission is to provide a range of financial services, including loans and savings options. The credit union's activities are centered around offering these services to its members, aiming to meet their financial needs effectively.


Official website here: www.cecuknox.com

Who is the CEO of City Employees Credit Union?

Larry Pressley is the President/Ce of City Employees Credit Union.


Official website here: www.cecuknox.com

What is the revenue of City Employees Credit Union?

City Employees Credit Union's revenue in 2022 was $3,764,602.


Official website here: www.cecuknox.com

Who are the executives of City Employees Credit Union and what are their salaries?

The average compensation at City Employees Credit Union during 2022 was $41,027. There are 26 employees and 12 volunteers at City Employees Credit Union.


Here are 12 key members and their salaries:


Larry Pressley (President/Ce)
  • Compensation: $196,312
  • Related: $0
  • Other: $48,433
James Carroll (Vp Finance)
  • Compensation: $78,062
  • Related: $0
  • Other: $9,283
Dotty Church (Vp Operation)
  • Compensation: $52,861
  • Related: $0
  • Other: $7,887
Kendall Stiles (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Cunningham (Board Vice-C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne G Roach (Board Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol C Mahler (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Shelton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheville C Lewis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Dale Maddox (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Parker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrin Rhines (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cecuknox.com

Where can I find the form 990 for City Employees Credit Union?

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


Official website here: www.cecuknox.com

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

Mission Statement of City Employees Credit Union

City Employees Credit Union is dedicated to serving its approximately 8,649 members by providing a range of financial services, including loans and savings options. Their mission is to cater to the financial needs of their members, offering them the necessary tools to manage their finances effectively. The credit union provides various loan services to its members, demonstrating its commitment to supporting its members' financial well-being.

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Impact




October, 2024

City Employees Credit Union plays a significant role in the financial well-being of its members, serving approximately 8,649 individuals in Knoxville, TN. By offering a diverse array of loan products and savings options, the credit union meets the unique financial needs of its community. Its commitment to providing accessible financial services fosters economic stability among members, helping them achieve personal financial goals. Additionally, the credit union contributes to the public benefit by promoting responsible lending and encouraging savings, ultimately resulting in a more financially informed and empowered community. Through its operations, City Employees Credit Union strengthens the local economy and supports the financial health of its members.




This information is meant to be a general summary of City 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.

Revenue
$3,764,602 (2022)
Expenses
$2,788,394 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $539,294
  • Program Service Revenue: $2,824,983
  • Gross Receipts: $3,764,602

Assets and Liabilities:

  • Total Assets: $115,184,262
  • Total Liabilities: $95,689,862
  • Net Assets: $19,494,400

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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

$2,553,505

FEE INCOME

Revenue

$271,478

Organization Details

Founding Year

1932

Principal Officer

Larry Pressley

Main Address

1720 WESTERN AVENUE, KNOXVILLE, TN, 37921

NTEE Category

Code: W61Z - Public benefit

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