Overview
What is Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union?
Credit Unions Chartered in the State of Tennessee, specifically Cornerstone Financial Credit Union, is a state-chartered financial institution based in Nashville, Tennessee. They offer an extensive array of financial services, encompassing the processing of debit and credit card transactions, as well as managing employee salaries and benefits. The credit union is dedicated to catering to the financial needs of its members within the community.
Official website here: www.bankcfcu.org
What are the reviews and ratings of this charity?
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union is not currently rated by Charity Navigator. The lack of a rating is not indicative of the organization’s performance but rather reflects that it doesn’t meet the criteria for evaluation, primarily because it is not a 501(c)(3) nonprofit.
Charity Navigator’s evaluation methodologies, including Accountability & Finance and Impact & Measurement, do not apply to this credit union as it operates under a different IRS status. Consequently, financial and operational data such as revenue, expenses, and key personnel salaries are not available through Charity Navigator for this organization.
No user reviews are available on GreatNonprofits, creating an absence of community feedback on Cornerstone Financial Credit Union's services or impact. This means there's limited public insight into the credit union's member experience or organizational culture from user-generated content on this platform.
This AI summary has been generated from information found on Charity Navigator.
Is Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union legitimate?
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Tennessee Cornerstone Financial 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: $1,591,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,625,017
For more financial information, click here
Official website here: www.bankcfcu.org
What is the mission statement of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union?
Credit Union Cornerstone Financial, chartered in Tennessee, is dedicated to delivering a comprehensive range of financial services to its members. By offering various financial solutions, the credit union aims to support individuals in managing their money effectively. Its mission encompasses processing transactions such as debit and credit card expenses, and handling employee salaries and benefits. Despite the lack of specific mission statement details, it is clear that Credit Union Cornerstone Financial prioritizes catering to its members' financial needs.
Official website here: www.bankcfcu.org
Who is the CEO of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union?
Donna Young is the President of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union.
Official website here: www.bankcfcu.org
What is the revenue of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union?
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union's revenue in 2022 was $23,967,218.
Official website here: www.bankcfcu.org
Who are the executives of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union during 2022 was $53,852. There are 134 employees and 7 volunteers at Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union.
Here are 18 key members and their salaries:
- Compensation: $498,522
- Related: $0
- Other: $164,974
- Compensation: $195,376
- Related: $0
- Other: $9,915
- Compensation: $313,375
- Related: $0
- Other: $89,146
- Compensation: $228,816
- Related: $0
- Other: $334,247
- Compensation: $204,885
- Related: $0
- Other: $13,419
- Compensation: $150,187
- Related: $0
- Other: $6,916
- Compensation: $142,866
- Related: $0
- Other: -$2,305
- Compensation: $109,762
- Related: $0
- Other: -$5,220
- Compensation: $104,742
- Related: $0
- Other: -$1,794
- Compensation: $122,924
- Related: $0
- Other: $6,928
- Compensation: $100,447
- Related: $0
- Other: $23,561
- 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.bankcfcu.org
Where can I find the form 990 for Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union?
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bankcfcu.org
Learn more at the official website: www.bankcfcu.org
Mission Statement of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union is a mission-driven financial institution, dedicated to offering a comprehensive suite of services to its members. In simple terms, this state-chartered credit union sets out to provide its clients with a full range of financial solutions.
Moreover, Cornerstone Financial Credit Union's primary objective is to cater to the diverse financial needs of its clientele. Their programs encompass various aspects of financial management such as processing debit and credit card transactions, managing employee salaries and benefits. This wide array of services reflects the credit union's commitment to supporting its members in achieving their financial goals.
In essence, Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union stands as a trusted financial partner for individuals and businesses, delivering essential services that enable them to manage their finances effectively. With a strong focus on customer service, the credit union aims to empower its members to make informed decisions about their money, ensuring they have the tools they need to build a secure financial future.
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Impact
October, 2024
Credit Unions Chartered In The State Of Tennessee Cornerstone Financial Credit Union plays a significant role in the financial well-being of its members and the broader community in Nashville, TN. By offering a full range of financial services, the credit union facilitates access to essential banking resources, including processing debit and credit card transactions, managing employee salaries, and providing benefits.
With a focus on serving the financial needs of its members, Cornerstone Financial Credit Union contributes to economic stability and growth within the region. Its operations support local employment and enhance the financial literacy of its members through personalized service and educational resources. The credit union promotes responsible borrowing and saving, helping individuals and families achieve their financial goals while fostering a strong sense of community involvement.
Through its various programs, Cornerstone Financial Credit Union not only addresses the immediate banking needs of its members but also actively participates in the development of a more inclusive financial landscape in Tennessee. Its presence empowers individuals with the financial tools necessary for securing their futures, thereby creating a positive ripple effect throughout the community.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Tennessee Cornerstone Financial 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: $517,572
- Program Service Revenue: $17,165,724
- Gross Receipts: $23,967,218
Assets and Liabilities:
- Total Assets: $584,412,377
- Total Liabilities: $538,617,887
- Net Assets: $45,794,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest income loans
Revenue
$17,165,724
Organization Details
Founding Year
1955
Phone
(615) 385-6866Principal Officer
Donna Young
Main Address
PO BOX 120729, Nashville, TN, 372120729
Website
www.bankcfcu.orgNTEE Category
Code: W60 - Public benefit
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