Gateway Credit Union

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

EIN: 620631391 ✦ Clarksville, TN ✦ Designated as a 501(c)(14)

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Overview

What is Gateway Credit Union?

Gateway Credit Union is a financial institution situated in Clarksville, Tennessee, specifically at 100 Otis Smith Drive. Their primary mission is to serve their approximately 1,880 members by providing a range of financial services, including loans and savings options. With a compact workforce of 12 employees, Gateway Credit Union offers its members a variety of financial assistance, contributing to their financial well-being.


Official website here: www.gatewaycreditunion.com

Is Gateway Credit Union legitimate?

Gateway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gateway 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: $262,988

For more financial information, click here


Official website here: www.gatewaycreditunion.com

What is the mission statement of Gateway Credit Union?

Gateway Credit Union's mission is centered around providing financial services. Specifically, it aims to cater to approximately 1,880 members, offering them various loan, savings, and other financial services. The credit union's activities primarily focus on this service provision, ensuring financial assistance to its members.


Official website here: www.gatewaycreditunion.com

Who is the CEO of Gateway Credit Union?

Annette Passe is the Ceo of Gateway Credit Union. The CEO's salary of Gateway Credit Union is $71,210 and their total compensation is $73,820.


Official website here: www.gatewaycreditunion.com

What is the revenue of Gateway Credit Union?

Gateway Credit Union's revenue in 2022 was $732,988.


Official website here: www.gatewaycreditunion.com

Who are the executives of Gateway Credit Union and what are their salaries?

The average compensation at Gateway Credit Union during 2022 was $21,916. There are 12 employees and 8 volunteers at Gateway Credit Union.


Here are 9 key members and their salaries (Gateway Credit Union's CEO's salary is $71,210 and their total compensation is $73,820):


Annette Passe (Ceo)
  • Compensation: $71,210
  • Related: $0
  • Other: $2,610
James Corey Watts (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Wallace (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Akin (Board Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Long (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael White (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayla Eaton (Board Mem/Sc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Maxson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Hall (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gatewaycreditunion.com

Where can I find the form 990 for Gateway Credit Union?

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


Official website here: www.gatewaycreditunion.com

Learn more at the official website: www.gatewaycreditunion.com

Mission Statement of Gateway Credit Union

Gateway Credit Union, as a credit union, is committed to providing financial services for its approximately 1,880 members. The organization's mission is to offer a range of financial services, including loans and savings, to its members. By doing so, Gateway Credit Union aims to contribute positively to the financial well-being of its members. The credit union's activities are centered around offering loan services, which are vital for its members' various financial needs.

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Impact




October, 2024

Gateway Credit Union plays a significant role in the financial landscape of Clarksville, TN, providing essential financial services to approximately 1,880 members. By offering a variety of loan services, the credit union facilitates access to credit, empowering its members to make important life decisions—from purchasing homes to funding education and managing emergency expenses.

In addition to loans, Gateway Credit Union promotes financial stability through various savings options, helping members to build their financial futures. The union’s approach focuses on community well-being, ensuring that financial resources are available for individuals and families to thrive. Through its commitment to serving the community, Gateway Credit Union contributes to local economic growth, enhances financial literacy, and fosters a sense of belonging among its members.

Overall, Gateway Credit Union's impact extends beyond individual financial services; it cultivates a supportive environment that promotes financial health and community cohesion in Clarksville.




This information is meant to be a general summary of Gateway 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
$732,988 (2022)
Expenses
$654,440 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,456
  • Program Service Revenue: $681,611
  • Gross Receipts: $732,988

Assets and Liabilities:

  • Total Assets: $13,502,310
  • Total Liabilities: $12,444,711
  • Net Assets: $1,057,599

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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

$450,681

FEE INCOME

Revenue

$230,930

Organization Details

Founding Year

1959

Principal Officer

Annette Passe

Main Address

100 OTIS SMITH DRIVE, CLARKSVILLE, TN, 37043

NTEE Category

Code: W60 - Public benefit

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