Overview
What is Cnic Employees Credit Union?
Cnic Employees Credit Union is a credit union situated in Memphis, Tennessee, specifically at 2005 Nonconnah Blvd Suite 7, with a total workforce of 5 dedicated individuals. The primary objective of this financial institution is to serve its approximately 1,240 members by offering a range of financial services, including loans and savings. The credit union's mission is to provide these services to its members, thereby contributing to their financial well-being. The credit union's activities are centered around offering financial assistance to its members, thereby contributing to their financial stability.
Official website here: www.icecu.net
Is Cnic Employees Credit Union legitimate?
Cnic Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cnic 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: $210,651
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Official website here: www.icecu.net
What is the mission statement of Cnic Employees Credit Union?
Cnic Employees Credit Union is committed to serving its approximately 1,240 members by providing a range of financial services. Their primary mission is to offer loan services, as well as savings options, to cater to the financial needs of their members. The credit union provides these services with the aim of promoting financial well-being among its members. The union's activities are centered around offering loans, which is a key component of its financial services portfolio. While the specifics of their services may vary, the overarching goal remains to support the financial needs of its members.
Official website here: www.icecu.net
Who is the CEO of Cnic Employees Credit Union?
Sandra Griffis is the CEO of Cnic Employees Credit Union The CEO's salary of Cnic Employees Credit Union is $91,800 and their total compensation is $94,927.
Official website here: www.icecu.net
What is the revenue of Cnic Employees Credit Union?
Cnic Employees Credit Union's revenue in 2024 was $815,652.
Official website here: www.icecu.net
Who are the executives of Cnic Employees Credit Union and what are their salaries?
The average compensation at Cnic Employees Credit Union during 2024 was $35,108. There are 6 employees at Cnic Employees Credit Union.
Here are 8 key members and their salaries (Cnic Employees Credit Union's CEO's salary is $91,800 and their total compensation is $94,927):
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- Compensation: $91,800
- Related: $0
- Other: $3,127
Official website here: www.icecu.net
Where can I find the form 990 for Cnic Employees Credit Union?
Cnic Employees Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.icecu.net
Learn more at the official website: www.icecu.net
Mission Statement of Cnic Employees Credit Union
Cnic Employees Credit Union is committed to providing financial services to its approximately 1,240 members. Its mission is to offer a range of services, primarily focusing on loans and savings, aiming to cater to the financial needs of its members. The credit union actively works towards providing these financial services, ensuring its members have access to the necessary tools for managing their finances effectively.
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Impact
October, 2024
Cnic Employees Credit Union significantly impacts its members by offering a range of financial services tailored to meet their needs. With a focus on providing loans and savings solutions, it serves approximately 1,240 members in Memphis, TN. The credit union enhances financial literacy and promotes economic stability within the community. By prioritizing member service over profit, it fosters a supportive financial environment that empowers individuals to make informed financial decisions, ultimately contributing to their long-term financial health and well-being.
This information is meant to be a general summary of Cnic 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 2024.
- Investment Income: $132,407
- Program Service Revenue: $653,387
- Gross Receipts: $815,652
Assets and Liabilities:
- Total Assets: $9,553,541
- Total Liabilities: $7,970,718
- Net Assets: $1,582,823
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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
$543,839
Fee Income
Revenue
$109,548
Organization Details
Founding Year
1928
Principal Officer
Sandra Griffis
Website
www.icecu.netNTEE Category
Code: W60 - Public benefit
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