Gallatin Steam Plant Credit Union

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

EIN: 620604390 ✦ Gallatin, TN ✦ Designated as a 501(c)(14)

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Overview

What is Gallatin Steam Plant Credit Union?

Gallatin Steam Plant Credit Union is a financial institution, serving as a credit union for its members. Situated in Gallatin, Tennessee, the union offers a range of loan services to its approximately 638 members. With a small team of two dedicated employees, they strive to provide financial assistance through various loan options, savings plans, and other financial services. Their mission is to support the financial well-being of their members, contributing to the local community in Gallatin, Tennessee.


Official website here: www.steamplantcu.org

Is Gallatin Steam Plant Credit Union legitimate?

Gallatin Steam Plant Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gallatin Steam Plant 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: $91,063

For more financial information, click here


Official website here: www.steamplantcu.org

What is the mission statement of Gallatin Steam Plant Credit Union?

Gallatin Steam Plant Credit Union is committed to providing financial services to its approximately 638 members. Their mission is to offer a range of financial services, including loans and savings, to cater to their members' needs. The credit union offers various loan services to its members, serving as a crucial financial resource for them. In essence, Gallatin Steam Plant Credit Union aims to enhance its members' financial well-being by providing them with essential financial services.


Official website here: www.steamplantcu.org

Who is the CEO of Gallatin Steam Plant Credit Union?

Will Dennis is the Manager of Gallatin Steam Plant Credit Union.


Official website here: www.steamplantcu.org

What is the revenue of Gallatin Steam Plant Credit Union?

Gallatin Steam Plant Credit Union's revenue in 2022 was $252,453.


Official website here: www.steamplantcu.org

Who are the executives of Gallatin Steam Plant Credit Union and what are their salaries?

The average compensation at Gallatin Steam Plant Credit Union during 2022 was $45,532. There are 2 employees and 7 volunteers at Gallatin Steam Plant Credit Union.


Here are 8 key members and their salaries:


Will Dennis (Manager)
  • Compensation: $73,543
  • Related: $0
  • Other: $0
Joe Cornwell (Board Presid)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Ray (Board Vice-P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Davis (Board Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Fortenberry (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Patterson (Board/Sc Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Conger (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kriste Lanius (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.steamplantcu.org

Where can I find the form 990 for Gallatin Steam Plant Credit Union?

Gallatin Steam Plant Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.steamplantcu.org

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

Mission Statement of Gallatin Steam Plant Credit Union

Gallatin Steam Plant Credit Union is a credit union committed to providing financial services to its members. With a mission to serve approximately 638 individuals, this credit union offers a range of financial solutions, including loans and savings opportunities. The primary activity of Gallatin Steam Plant Credit Union revolves around extending various loan services to its members, ensuring they have the necessary financial support when needed.

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Impact




October, 2024

Gallatin Steam Plant Credit Union plays a significant role in enhancing the financial well-being of its community by providing essential financial services to its members. With a focus on offering various loan options, savings accounts, and other financial products, the credit union supports approximately 638 members in Gallatin, TN. This accessible financial support empowers members to achieve their personal and professional goals, fostering economic stability and growth within the community. Through its commitment to serving its members, Gallatin Steam Plant Credit Union contributes to public benefit by promoting financial literacy, accessibility to credit, and overall economic development.




This information is meant to be a general summary of Gallatin Steam Plant 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
$252,453 (2022)
Expenses
$203,395 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,642
  • Program Service Revenue: $220,171
  • Gross Receipts: $252,453

Assets and Liabilities:

  • Total Assets: $7,167,612
  • Total Liabilities: $6,076,464
  • Net Assets: $1,091,148

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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

$212,361

FEE INCOME

Revenue

$7,810

Organization Details

Founding Year

1956

Principal Officer

Will Dennis

Main Address

1499 STEAM PLANT ROAD, GALLATIN, TN, 37066

NTEE Category

Code: W60 - Public benefit

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