Overview
What is Memphis City Employees Credit Union?
Memphis City Employees Credit Union is a state-chartered nonprofit financial institution serving employees of the City of Memphis, City of Bartlett, MLGW, Commercial Appeal, Scripps Media Company, WMC Family of Stations, Memphis Business Journal, and Ronald Barker Constr. Established to provide superior personal financial services, the credit union aims to promote savings and wise credit use, as well as enhance members' financial management skills. It offers a friendly and professional environment to its clientele, with the mission to improve their overall financial well-being.
Official website here: www.memphiscu.org
Is Memphis City Employees Credit Union legitimate?
Memphis City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Memphis City 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,492,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,768,970
For more financial information, click here
What is the mission statement of Memphis City Employees Credit Union?
Memphis City Employees Credit Union is dedicated to offering a range of financial services to its member base, primarily comprised of employees from various organizations such as the City of Memphis, City of Bartlett, MLGW, Commercial Appeal, Scripps Media Company, WMC Family of Stations, and Memphis Business Journal. The credit union strives to deliver the highest quality of personalized financial services in a professional manner. Its mission is to not only encourage savings and prudent credit use but also to help members enhance their financial management skills. By providing a friendly environment, Memphis City Employees Credit Union aims to contribute to the financial well-being of its community.
Official website here: www.memphiscu.org
Who is the CEO of Memphis City Employees Credit Union?
Nathan Stevens is the Chair of Memphis City Employees Credit Union. The CEO's salary of Memphis City Employees Credit Union is $843,948 and their total compensation is $850,389.
Official website here: www.memphiscu.org
What is the revenue of Memphis City Employees Credit Union?
Memphis City Employees Credit Union's revenue in 2022 was $23,689,199.
Official website here: www.memphiscu.org
Who are the executives of Memphis City Employees Credit Union and what are their salaries?
The average compensation at Memphis City Employees Credit Union during 2022 was $57,448. There are 109 employees and 8 volunteers at Memphis City Employees Credit Union.
Here are 16 key members and their salaries (Memphis City Employees Credit Union's CEO's salary is $843,948 and their total compensation is $850,389):
- Kenneth Swann (President/Ceo)
- Nathan Stevens (Chief Financial Officer)
- Allen Peterson (Chief Operating Officer)
- Donna Brown (Chief Lending Officer)
- Thomas Moates (Chief Information Officer)
- Letisha Simmons (Chief Risk Officer)
- Ralph Gabb (Controller)
- Jamie Baker (Vp Of Branch Operations)
- Wanda J Corcoran (Chair) [Trustee/Director]
- James Van Sturdivant (First Vice Chair) [Trustee/Director]
- Barbara Farmer (Second Vice Chair) [Trustee/Director]
- Jorge Whitten Ortega (Secretary) [Trustee/Director]
- Hettieann Spendlove (Treasurer) [Trustee/Director]
- J Harvey Herring (Director)
- Delphone Hubbard (Director)
- Darryl Porter (Director)
Official website here: www.memphiscu.org
Where can I find the form 990 for Memphis City Employees Credit Union?
The Memphis City Employees Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.memphiscu.org
Learn more at the official website: www.memphiscu.org
Mission Statement of Memphis City Employees Credit Union
Memphis City Employees Credit Union, or MCECU, is a financial institution devoted to offering a range of services to its primary members. The majority of these members hold employment with the City of Memphis, City of Bartlett, MLGW, Commercial Appeal, Scripps Media Company, WMC Family of Stations, and Memphis Business Journal. The credit union's mission is threefold: to deliver top-quality personal financial services in a professional and friendly manner; to promote savings and the prudent application of credit; and to enhance the financial management skills of its members. MCECU's ultimate objective is to cater to its members' financial needs effectively and efficiently. By doing so, it helps them make informed decisions and lead financially stable lives.
Impact
This information is meant to be a general summary of Memphis City Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Memphis City Employees Credit Union plays a significant role in providing essential financial services to its members, a large portion of whom are employees of various organizations in Memphis, Tennessee. By offering a range of financial products and resources, the credit union aims to promote financial wellness, encourage saving habits, and facilitate responsible credit usage among its members. Through its state chartered status and commitment to delivering top-quality personal financial services with a friendly approach, Memphis City Employees Credit Union contributes to the financial stability and empowerment of its member community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$11,944,960
FEE INCOME
Revenue
$5,371,107
OTHER OPERATING INCOME
Revenue
$4,716,772
OTHER NON-OPERATING INCOME
Revenue
$319,432
NON-MEMBER ATM FEES
Revenue
$77,517
Organization Details
Founding Year
1969
Phone
(901) 321-1200
Principal Officer
Nathan Stevens
Main Address
2678 MT MORIAH TERRACE COVE, MEMPHIS, TN, 38115
Website
www.memphiscu.org
NTEE Category
Code: W60 - Public benefit
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