Metropolitan Teachers Credit Union

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

EIN: 620638727 ✦ Nashville, TN ✦ Designated as a 501(c)(14)

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Overview

What is Metropolitan Teachers Credit Union?

Metropolitan Teachers Credit Union is a nonprofit organization, devoted to providing its members with economical loan services and ensuring a reasonable and secure return on savings and investment accounts. Its primary mission lies in catering to the financial needs of its members, striving to make loan services accessible and savings returns secure. The details provided do not disclose any specific activities, reach, or initiatives beyond these core functions.


Official website here: www.metrotcu.com

Is Metropolitan Teachers Credit Union legitimate?

Metropolitan Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metropolitan Teachers 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: $18,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,524

For more financial information, click here


Official website here: www.metrotcu.com

What is the mission statement of Metropolitan Teachers Credit Union?

The Metropolitan Teachers Credit Union's mission is centered around providing its members with affordable loan services and ensuring a reasonable and safe return on their savings and investment accounts. This financial institution is committed to serving its members by offering these financial services, thereby contributing to their financial well-being.


Official website here: www.metrotcu.com

Who is the CEO of Metropolitan Teachers Credit Union?

Derrick Williams is the Vice President of Metropolitan Teachers Credit Union.


Official website here: www.metrotcu.com

What is the revenue of Metropolitan Teachers Credit Union?

Metropolitan Teachers Credit Union's revenue in 2022 was $253,385.


Official website here: www.metrotcu.com

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

The average compensation at Metropolitan Teachers Credit Union during 2022 was $10,508. There are 3 employees at Metropolitan Teachers Credit Union.


Here are 7 key members and their salaries:


Sonya Brooks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Crenshaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Rucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Candra Clariette (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel E Kirk (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrick Williams (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Barton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.metrotcu.com

Where can I find the form 990 for Metropolitan Teachers Credit Union?

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


Official website here: www.metrotcu.com

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

Mission Statement of Metropolitan Teachers Credit Union

Metropolitan Teachers Credit Union is dedicated to serving its members by offering them affordable loan options and providing a reasonable and secure return on their savings and investment accounts. This mission statement underscores the credit union's commitment to its members, ensuring they have access to necessary financial services at reasonable costs. By focusing on both loan services and investment opportunities, Metropolitan Teachers Credit Union aims to support its members in managing their finances effectively.

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Impact




October, 2024

Metropolitan Teachers Credit Union plays a crucial role in its community by offering affordable loan services and ensuring reasonable and safe returns on savings and investment accounts. By focusing on financial accessibility, the credit union empowers its members—particularly those in the education sector—by helping them manage their finances with ease. This fosters economic stability and growth within Nashville, TN, while providing essential financial resources that might otherwise be unavailable to them. With an emphasis on member-centric services, Metropolitan Teachers Credit Union contributes to building a stronger, more financially secure community by prioritizing the needs of its members.




This information is meant to be a general summary of Metropolitan Teachers 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
$253,385 (2022)
Expenses
$245,579 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $140,135
  • Gross Receipts: $253,385

Assets and Liabilities:

  • Total Assets: $2,958,958
  • Total Liabilities: $2,569,814
  • Net Assets: $389,144

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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

$63,502

FEES AND CHARGES

Revenue

$28,548

OTHER OPERATING INCOME

Revenue

$30,311

INVESTMENT INCOME

Revenue

$17,774

Organization Details

Founding Year

1957

Principal Officer

Derrick Williams

Main Address

1605 JEFFERSON STREET, Nashville, TN, 37208

NTEE Category

Code: W60 - Public benefit

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