Overview
What is Tnconnect Credit Union?
Tnconnect Credit Union is a state-chartered financial institution, headquartered in Knoxville, Tennessee. It is mutually owned by its 7,314 members and operates with a primary purpose of promoting thrift, issuing shares, maintaining accounts, and making loans to its members. Any excess funds not needed for immediate use or loan purposes are temporarily invested. The credit union's activities and mission are centered around serving its members' financial needs, ensuring liquidity and loan availability. With a team of 20 dedicated employees, Tnconnect Credit Union plays a vital role in its community by offering financial services and support to its members.
Official website here: www.tnconnectcu.org
Is Tnconnect Credit Union legitimate?
Tnconnect Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tnconnect 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: $328,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $578,783
For more financial information, click here
Official website here: www.tnconnectcu.org
What is the mission statement of Tnconnect Credit Union?
Tnconnect Credit Union, a state-chartered credit union, is collectively owned by its 7,314 members. Its primary mission is to foster savings among its members, issue shares, manage accounts, and provide loans. Any funds not currently required for liquidity or loan purposes are temporarily invested. The organization operates with revenues and expenses solely dedicated to promoting thrift and supporting its members financially.
Official website here: www.tnconnectcu.org
Who is the CEO of Tnconnect Credit Union?
Martin T Bradley is the Presidentceo of Tnconnect Credit Union. The CEO's salary of Tnconnect Credit Union is $117,495 and their total compensation is $117,495.
Official website here: www.tnconnectcu.org
What is the revenue of Tnconnect Credit Union?
Tnconnect Credit Union's revenue in 2022 was $3,064,616.
Official website here: www.tnconnectcu.org
Who are the executives of Tnconnect Credit Union and what are their salaries?
The average compensation at Tnconnect Credit Union during 2022 was $45,357. There are 20 employees and 9 volunteers at Tnconnect Credit Union.
Here are 11 key members and their salaries (Tnconnect Credit Union's CEO's salary is $117,495 and their total compensation is $117,495):
- Compensation: $117,495
- Related: $0
- Other: $0
- Compensation: $81,245
- Related: $0
- Other: $0
- Compensation: $69,516
- Related: $0
- Other: $0
- Compensation: $60,107
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tnconnectcu.org
Where can I find the form 990 for Tnconnect Credit Union?
Tnconnect Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tnconnectcu.org
Learn more at the official website: www.tnconnectcu.org
Mission Statement of Tnconnect Credit Union
Tnconnect Credit Union, a state-chartered credit union, is owned and managed by its 7,314 members. Its mission is centered around promoting thrift, issuing shares, maintaining member accounts, and extending loans. Funds that are not required for immediate liquidity or loan purposes are temporarily invested. In essence, Tnconnect Credit Union serves as a financial institution that fosters savings among its members and provides them with access to loans when needed. The funds not utilized for these purposes are temporarily invested, demonstrating the organization's prudent financial management.
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Impact
October, 2024
Tnconnect Credit Union plays a vital role in promoting financial well-being within its community of 7,314 members in Knoxville, Tennessee. By facilitating thrift and providing access to savings accounts and loans, Tnconnect empowers its members to manage their finances effectively. The credit union's focus on supporting the financial needs of its members fosters a sense of community and enhances economic stability.
Through its services, Tnconnect Credit Union not only helps members achieve their individual financial goals but also contributes to the overall economic growth of the region. The funds that are not immediately needed for loans are strategically invested, ensuring that excess capital continues to benefit the community while maintaining liquidity for members' needs.
Overall, Tnconnect's commitment to its members underscores its impact by enhancing their financial literacy, promoting responsible borrowing, and encouraging a culture of saving, which in turn strengthens the local economy.
This information is meant to be a general summary of Tnconnect 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.
- Program Service Revenue: $3,064,616
- Gross Receipts: $3,064,616
Assets and Liabilities:
- Total Assets: $77,728,629
- Total Liabilities: $1,037,938
- Net Assets: $76,690,691
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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
$2,249,722
INTEREST ON INVESTMENTS
Revenue
$100,086
COURTESY PAY INCOME
Revenue
$100,512
LATE CHARGES ON LOANS
Revenue
$32,837
ACH NSF FEE INCOME
Revenue
$30,954
Organization Details
Founding Year
1924
Principal Officer
Martin T Bradley
Main Address
6211 MIDDLEBROOK PIKE, KNOXVILLE, TN, 37909
Website
www.tnconnectcu.orgNTEE Category
Code: W60 - Public benefit
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