Epb Employees Credit Union

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

EIN: 620538561 ✦ Chattanooga, TN ✦ Designated as a 501(c)(14)

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Overview

What is Epb Employees Credit Union?

Epb Employees Credit Union is a state-chartered credit union, owned and managed by its 2,574 members. Based in Chattanooga, Tennessee, the credit union's primary objective is to encourage savings, issue shares, maintain accounts, and extend loans to its members. Any excess funds not required for liquidity or loans are temporarily invested. With a team of seven employees, Epb Employees Credit Union plays a vital role in the financial well-being of its members by providing them with essential financial services.


Official website here: www.epbecu.org

Is Epb Employees Credit Union legitimate?

Epb Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Epb 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: $97,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,010

For more financial information, click here


Official website here: www.epbecu.org

What is the mission statement of Epb Employees Credit Union?

Epb Employees Credit Union is a state-chartered organization, owned and operated by its 2,574 members. Its primary mission is to promote savings among its members, issue shares, and maintain accounts. The credit union also extends loans to its members when necessary. Any excess funds not required for liquidity or loans are temporarily invested. The revenue and expenditures of the credit union are solely dedicated to fulfilling these purposes, serving its members effectively.


Official website here: www.epbecu.org

Who is the CEO of Epb Employees Credit Union?

Jerry B Trotter is the Ceo of Epb Employees Credit Union. The CEO's salary of Epb Employees Credit Union is $97,358 and their total compensation is $97,358.


Official website here: www.epbecu.org

What is the revenue of Epb Employees Credit Union?

Epb Employees Credit Union's revenue in 2022 was $1,322,569.


Official website here: www.epbecu.org

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

The average compensation at Epb Employees Credit Union during 2022 was $51,767. There are 7 employees and 15 volunteers at Epb Employees Credit Union.


Here are 8 key members and their salaries (Epb Employees Credit Union's CEO's salary is $97,358 and their total compensation is $97,358):


Jerry B Trotter (Ceo)
  • Compensation: $97,358
  • Related: $0
  • Other: $0
James C Million (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Love (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandee Bingham (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Mcleod (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendall Boring (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Baker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.epbecu.org

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

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


Official website here: www.epbecu.org

Learn more at the official website: www.epbecu.org

Mission Statement of Epb Employees Credit Union

Epb Employees Credit Union, a state-chartered organization, is mutually owned by its 2,574 members. Its primary mission is to foster thrift among its members and provide a platform for savings by issuing shares and maintaining accounts. Furthermore, the credit union extends loans to its members when necessary. The funds that are not required for immediate liquidity or loan purposes are temporarily invested. This multi-faceted approach allows Epb Employees Credit Union to serve its members effectively, ensuring their financial well-being and providing them with the financial assistance they need when required. The credit union's revenue and expenditures are all aligned with this purpose, making it a reliable and member-centric financial institution.

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Impact




October, 2024

Epb Employees Credit Union has a significant impact on its community and members in Chattanooga, TN. With a membership of 2,574, it effectively promotes thrift and financial stability among its members by providing essential banking services. The credit union focuses on maintaining accounts, issuing shares, and facilitating loans tailored to meet the needs of its members.

By prioritizing member services and offering competitive loan rates, Epb Employees Credit Union fosters financial empowerment, helping individuals achieve their personal and financial goals. The funds not needed for liquidity or loans are strategically invested, which contributes to the credit union's sustainability and ability to continue serving its members effectively. This community-focused approach not only enhances individual financial well-being but also strengthens the local economy by supporting responsible borrowing and saving practices.




This information is meant to be a general summary of Epb 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
$1,322,569 (2022)
Expenses
$1,004,525 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,322,569
  • Gross Receipts: $1,322,569

Assets and Liabilities:

  • Total Assets: $41,594,068
  • Total Liabilities: $38,277,485
  • Net Assets: $3,316,583

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTERST

Revenue

$835,971

INVESTMENT INTEREST

Revenue

$370,066

FEE INCOME

Revenue

$59,242

OTHER INCOME

Revenue

$57,290

Organization Details

Founding Year

1954

Principal Officer

Jerry B Trotter

Main Address

1500 MCCALLIE AVENUE, CHATTANOOGA, TN, 37404

NTEE Category

Code: W60 - Public benefit

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