Overview
What is New South Credit Union?
New South Credit Union is a credit union, specifically established to serve around 6,654 members in Knoxville, Tennessee. Situated at 3261 N Mall Road, New South Credit Union's primary mission is to offer financial services to its members, providing them with various loan options and other financial assistance. The organization is operated by a team of 22 dedicated individuals, ensuring their members receive the necessary financial support.
Official website here: www.newsouthcu.com
Is New South Credit Union legitimate?
New South Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. New South 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: $962,257
For more financial information, click here
Official website here: www.newsouthcu.com
What is the mission statement of New South Credit Union?
The New South Credit Union is dedicated to serving its members by offering various financial services. Its primary mission is to cater to the financial needs of approximately 6,654 individuals, providing them with loans and other related services. The credit union strives to uphold this mission, ensuring its members have access to financial assistance when needed. By doing so, the New South Credit Union aims to contribute positively to its members' financial well-being.
Official website here: www.newsouthcu.com
Who is the CEO of New South Credit Union?
Richard C Schulz is the Principal Officer of New South Credit Union.
Official website here: www.newsouthcu.com
What is the revenue of New South Credit Union?
New South Credit Union's revenue in 2022 was $2,559,639.
Official website here: www.newsouthcu.com
Who are the executives of New South Credit Union and what are their salaries?
The average compensation at New South Credit Union during 2022 was $43,739. There are 22 employees and 9 volunteers at New South Credit Union.
Here are 9 key members and their salaries:
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Official website here: www.newsouthcu.com
Where can I find the form 990 for New South Credit Union?
New South Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsouthcu.com
Learn more at the official website: www.newsouthcu.com
Mission Statement of New South Credit Union
New South Credit Union, as a credit union, is committed to providing financial services to its members. Its mission is centered around offering various financial products and services, such as loans, to approximately 6,654 individuals. By doing so, the credit union aims to cater to the financial needs of its members, thereby fostering financial well-being within its community.
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Impact
October, 2024
New South Credit Union has a significant impact on its community by providing essential financial services to approximately 6,654 members in Knoxville, Tennessee. Through its offerings, such as loans and other financial products, the credit union empowers individuals and families to achieve their financial goals and improve their economic well-being. By focusing on member service, New South Credit Union fosters a supportive financial environment that prioritizes the needs of its members, contributing to the overall public benefit and stability of the local economy.
This information is meant to be a general summary of New South 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: $269,323
- Program Service Revenue: $1,818,034
- Gross Receipts: $2,559,639
Assets and Liabilities:
- Total Assets: $77,847,074
- Total Liabilities: $67,060,014
- Net Assets: $10,787,060
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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
$1,624,649
Fee Income
Revenue
$193,385
Organization Details
Founding Year
1952
Phone
(865) 523-0757Principal Officer
Richard C Schulz
Main Address
3261 N Mall Road, Knoxville, TN, 37924
Website
www.newsouthcu.comNTEE Category
Code: W60 - Public benefit
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