Overview
What is Lowland Credit Union?
Lowland Credit Union is a state-chartered financial institution, mutually owned by its 11,211 members. The primary purpose of this credit union is to foster savings, issue shares, and manage accounts, while also providing loans to its members. Any excess funds not required for liquidity or loans are temporarily invested. With a total workforce of 48 employees, Lowland Credit Union operates with the goal of promoting financial well-being among its members.
Official website here: www.lowlandcu.org
Is Lowland Credit Union legitimate?
Lowland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lowland 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: $596,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,142,030
For more financial information, click here
Official website here: www.lowlandcu.org
What is the mission statement of Lowland Credit Union?
Lowland Credit Union, owned and managed by its 11,211 members, operates as a state-chartered institution with the primary objective of promoting thrift and financial responsibility. The credit union issues shares and maintains member accounts, while also providing loans to its members. Any surplus funds not required for immediate use or loan purposes are temporarily invested. The revenue and expenses of the credit union are directly tied to this purpose, serving to benefit its member-owners.
Official website here: www.lowlandcu.org
Who is the CEO of Lowland Credit Union?
Mark Creech is the Presidentceo of Lowland Credit Union. The CEO's salary of Lowland Credit Union is $175,177 and their total compensation is $200,515.
Official website here: www.lowlandcu.org
What is the revenue of Lowland Credit Union?
Lowland Credit Union's revenue in 2022 was $6,331,553.
Official website here: www.lowlandcu.org
Who are the executives of Lowland Credit Union and what are their salaries?
The average compensation at Lowland Credit Union during 2022 was $36,229. There are 48 employees and 9 volunteers at Lowland Credit Union.
Here are 16 key members and their salaries (Lowland Credit Union's CEO's salary is $175,177 and their total compensation is $200,515):
- Compensation: $175,177
- Related: $0
- Other: $25,338
- Compensation: $151,790
- Related: $0
- Other: $31,394
- Compensation: $107,983
- Related: $0
- Other: $21,548
- Compensation: $100,524
- Related: $0
- Other: $16,964
- Compensation: $61,502
- Related: $0
- Other: $13,249
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lowlandcu.org
Where can I find the form 990 for Lowland Credit Union?
Lowland Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lowlandcu.org
Learn more at the official website: www.lowlandcu.org
Mission Statement of Lowland Credit Union
Lowland Credit Union, a state-chartered organization, is mutually owned by its 11,211 members. Its primary mission is to promote thrift among its members, issue shares, and maintain accounts. Beyond these basic functions, Lowland Credit Union also extends loans to its members. Not all funds are immediately used for liquidity or loans; any excess funds are temporarily invested. The organization's activities and expenses are directly tied to its purpose, ensuring that it serves its members effectively.
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Impact
October, 2024
Lowland Credit Union plays a vital role in fostering financial well-being within the community of Morristown, TN. With a membership base of 11,211 individuals, it promotes thrift and responsible savings through its offerings. By issuing shares and maintaining accounts, Lowland Credit Union empowers its members to manage their finances effectively.
A significant aspect of its impact is the provision of loans tailored to the needs of its members. This not only helps individuals and families achieve their personal financial goals but also stimulates local economic growth. The temporary investment of funds not needed for liquidity or lending further demonstrates a commitment to maximizing resources for the benefit of its members.
Through these activities, Lowland Credit Union not only serves its members but also contributes to the broader public good, enhancing the overall financial stability and prosperity of the community it serves.
This information is meant to be a general summary of Lowland 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.
- Program Service Revenue: $6,331,553
- Gross Receipts: $6,331,553
Assets and Liabilities:
- Total Assets: $136,475,491
- Total Liabilities: $129,063,396
- Net Assets: $7,412,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$4,290,011
INVESTMENT INTEREST
Revenue
$531,258
FEE INCOME
Revenue
$1,244,327
OTHER INCOME
Revenue
$265,957
Organization Details
Founding Year
1953
Principal Officer
Mark Creech
Main Address
1216 E MAIN STREET, MORRISTOWN, TN, 378144544
Website
www.lowlandcu.orgNTEE Category
Code: W60 - Public benefit
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