Overview
What is Collegedale Credit Union?
Collegedale Credit Union is a nonprofit financial institution located in Collegedale, Tennessee, with a PO Box address. Established in the Collegedale/Chattanooga area, its primary mission is to offer high-quality, reliable personal financial services to its members. The credit union caters to various financial needs, providing various deposit account options such as checking, savings, certificates, and others. As of December 31, 2022, it boasts a membership count of 5,028. In terms of loans, the credit union extends services for real estate, credit cards, vehicles, and more, with a total of 5,098 outstanding loans as of the same date, which includes participation loans. The credit union aims to be the most trusted and preferred financial institution in its community.
Is Collegedale Credit Union legitimate?
Collegedale Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Collegedale 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: $63,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $512,378
For more financial information, click here
What is the mission statement of Collegedale Credit Union?
The Collegedale Credit Union is committed to providing high-quality personal financial services, aiming to be the most preferred and trusted financial institution in its area. The credit union offers various deposit accounts such as checking, savings, certificates, and others to its members. Its mission extends to offering a variety of loans, including real estate, credit card, vehicle, and others, to its members. As of December 31, 2022, the total number of loans outstanding was 5,098. The credit union's mission is to provide superior financial services, earning the trust and loyalty of its members.
Who is the CEO of Collegedale Credit Union?
Joy Traxler is the Ceo of Collegedale Credit Union. The CEO's salary of Collegedale Credit Union is $63,371 and their total compensation is $73,207.
What is the revenue of Collegedale Credit Union?
Collegedale Credit Union's revenue in 2022 was $1,803,539.
Who are the executives of Collegedale Credit Union and what are their salaries?
The average compensation at Collegedale Credit Union during 2022 was $27,417. There are 21 employees and 9 volunteers at Collegedale Credit Union.
Here are 10 key members and their salaries (Collegedale Credit Union's CEO's salary is $63,371 and their total compensation is $73,207):
- Compensation: $63,371
- Related: $0
- Other: $9,836
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Collegedale Credit Union?
Collegedale Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Collegedale Credit Union
Collegedale Credit Union, a financial institution, is dedicated to providing exceptional personal financial services. Their mission is to become the most trusted and preferred choice for members in the Collegedale/Chattanooga area. They strive to achieve this by offering a wide range of deposit accounts such as checking, savings, certificates, and others. Their services are designed to meet the diverse financial needs of their members, ensuring a superior quality of service.
In addition to deposit accounts, Collegedale Credit Union also provides various loan options to its members. These include real estate, credit card, vehicle, and other types of loans. The credit union's commitment to its members extends to offering these financial solutions, aiming to cater to their borrowing needs effectively. As of December 31, 2022, the total number of loans outstanding stood at 5,098, which includes participation loans. This indicates the credit union's active involvement in providing financial assistance to its members.
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Impact
October, 2024
Collegedale Credit Union significantly enhances the financial well-being of the Collegedale and Chattanooga communities by providing a wide array of personal financial services. With a membership base of over 5,000 individuals as of December 31, 2022, the credit union serves as a trusted financial partner, offering various deposit account options, such as checking, savings, and certificates.
The institution also plays a vital role in facilitating access to essential loans, totaling 5,098 outstanding loans, including real estate, credit cards, and vehicle loans. This breadth of services not only fosters financial stability but also empowers members to make important life decisions, such as buying homes and vehicles. Collegedale Credit Union's commitment to superior quality in service delivery has cemented its reputation as the preferred financial institution in the area, driving economic growth and enhancing the quality of life for its members.
This information is meant to be a general summary of Collegedale 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: $302,772
- Program Service Revenue: $1,500,767
- Gross Receipts: $1,803,539
Assets and Liabilities:
- Total Assets: $47,522,225
- Total Liabilities: $44,060,425
- Net Assets: $3,461,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$314,639
LOAN INTEREST INCOME
Revenue
$1,163,172
NON-MEMBER ATM SURCHARGE
Revenue
$3,900
OTHER OP INCOME
Revenue
$12,479
UBIT INSURANCE INCOME
Revenue
$6,577
Organization Details
Founding Year
1952
Phone
(423) 396-2101Principal Officer
Joy Traxler
Main Address
PO Box 2098, Collegedale, TN, 37315
NTEE Category
Code: W60 - Public benefit
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