Leaders Credit Union

Leaders Credit Union

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

EIN: 620681671 ✦ Jackson, TN ✦ Designated as a 501(c)(14)

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Overview

What is Leaders Credit Union?

Leaders Credit Union is a Tennessee-based financial institution, specifically located at 87 Murray Guard Drive Suite A, Jackson, serving a membership of 70,131 individuals. This state-chartered credit union specializes in offering various financial services, which include loans, share accounts, and other financial assistance to its members. With a team of 220 employees, Leaders Credit Union strives to provide essential financial services aimed at enhancing the financial well-being of its members.


Official website here: www.leaderscu.com

Is Leaders Credit Union legitimate?

Leaders Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leaders 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: $1,561,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,526,409

For more financial information, click here


Official website here: www.leaderscu.com

What is the mission statement of Leaders Credit Union?

Leaders Credit Union is a member-focused financial institution committed to offering various services. Its primary mission is to provide financial assistance through loans and share accounts, along with other institutional services, to its membership base. This state-chartered credit union aims to improve the financial well-being of its members by delivering essential financial solutions. With a membership of over 70,000 individuals, Leaders Credit Union serves as a trusted partner, empowering its members to achieve their financial goals.


Official website here: www.leaderscu.com

Who is the CEO of Leaders Credit Union?

Todd Swims is the Manager/Ceo of Leaders Credit Union. The CEO's salary of Leaders Credit Union is $813,259 and their total compensation is $871,157.


Official website here: www.leaderscu.com

What is the revenue of Leaders Credit Union?

Leaders Credit Union's revenue in 2022 was $54,522,507.


Official website here: www.leaderscu.com

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

The average compensation at Leaders Credit Union during 2022 was $64,037. There are 220 employees and 10 volunteers at Leaders Credit Union.


Here are 18 key members and their salaries (Leaders Credit Union's CEO's salary is $813,259 and their total compensation is $871,157):


Todd Swims (Manager/Ceo)
  • Compensation: $813,259
  • Related: $0
  • Other: $57,898
Spencer Pratt (Executive Vp)
  • Compensation: $364,090
  • Related: $0
  • Other: $93,153
Seth Rudd (Chief Financial Officer)
  • Compensation: $349,863
  • Related: $0
  • Other: $91,742
Ryan Platt (Chief Information Officer)
  • Compensation: $226,630
  • Related: $0
  • Other: $54,497
Chris Gray (Vp Mortgage)
  • Compensation: $230,883
  • Related: $0
  • Other: $39,426
Tim Sikes (Mortgage Loan Originator)
  • Compensation: $202,213
  • Related: $0
  • Other: $33,220
Leigh Anne (Vp Marketing)
  • Compensation: $191,907
  • Related: $0
  • Other: $42,806
Ross Priddy (Mortgage Lending)
  • Compensation: $197,607
  • Related: $0
  • Other: $33,835
Ron Hill (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Kelley (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Newcom (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Hays (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Currie Higgs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rusty Butcher (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Bratcher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Teague (Board Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Hill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricky Catlett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.leaderscu.com

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

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


Official website here: www.leaderscu.com

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

Mission Statement of Leaders Credit Union

Leaders Credit Union, a state-chartered financial institution, is dedicated to extending financial services to its membership base. With a mission to provide, this organization offers various institutional services, including loans and share accounts. The credit union's membership encompasses over 70,000 individuals, all of whom benefit from the financial assistance and resources that Leaders Credit Union offers.

In essence, Leaders Credit Union functions as a financial cooperative, empowering its members to improve their economic situations through access to financial products and services tailored to their needs. By offering loans, the credit union provides its members with the means to invest in themselves, whether that be through purchasing a home, financing education, or addressing unexpected expenses. Additionally, the availability of share accounts enables members to save for future financial goals or rainy days.

The credit union's commitment to its members extends beyond basic financial products. As a cooperative, Leaders Credit Union fosters a community of financial growth and stability for its members. The organization's services are designed to promote financial literacy, financial inclusion, and long-term economic success. Through these offerings, Leaders Credit Union empowers its members to take control of their financial futures and build a solid foundation for their economic well-being.

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Impact




October, 2024

Leaders Credit Union significantly impacts its community by providing essential financial services to its 70,131 members. Located in Jackson, TN, the credit union focuses on offering a range of options, including loans, share accounts, and various other financial institutional services. By prioritizing the financial well-being of its members, Leaders Credit Union enhances economic stability and accessibility in the region. Its mission emphasizes commitment to public benefit, ensuring that individuals have the resources they need to achieve their financial goals while fostering a sense of community and support among its members.




This information is meant to be a general summary of Leaders 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
$54,522,507 (2022)
Expenses
$41,532,904 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$1,236,453
  • Program Service Revenue: $32,700,085
  • Gross Receipts: $78,658,385

Assets and Liabilities:

  • Total Assets: $872,463,960
  • Total Liabilities: $779,921,415
  • Net Assets: $92,542,545

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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

$32,700,085

Organization Details

Founding Year

1957

Principal Officer

Todd Swims

Main Address

87 Murray Guard Drive Suite A, Jackson, TN, 38305

NTEE Category

Code: W61 - Public benefit

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