Overview
What is Memorial Credit Union?
Memorial Credit Union, located in Chattanooga, Tennessee at 6800 Longview Road, is a nonprofit organization dedicated to assisting its approximately 2500 members in making sound financial decisions. Adhering to traditional credit union philosophy, it offers various financial services including loans, term certificates, share draft accounts, and savings accounts. The credit union's mission is to provide these services to its members, aiming to support and promote stable savings decisions. With a team of six dedicated employees, Memorial Credit Union is committed to helping its members navigate their financial journeys.
Official website here: www.memorialcreditunion.com
Is Memorial Credit Union legitimate?
Memorial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Memorial 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: $255,202
For more financial information, click here
Official website here: www.memorialcreditunion.com
What is the mission statement of Memorial Credit Union?
Memorial Credit Union's mission is centered around providing financial services to approximately 2500 members. This includes offering loans, term certificates, share draft accounts, and savings accounts. Aligning with the traditional philosophy of credit unions, Memorial Credit Union aids its members in making financially wise decisions and fostering stable savings habits.
Official website here: www.memorialcreditunion.com
Who is the CEO of Memorial Credit Union?
Jennifer Davis is the Principal Officer of Memorial Credit Union. The CEO's salary of Memorial Credit Union is $75,000 and their total compensation is $75,000.
Official website here: www.memorialcreditunion.com
What is the revenue of Memorial Credit Union?
Memorial Credit Union's revenue in 2022 was $326,694.
Official website here: www.memorialcreditunion.com
Who are the executives of Memorial Credit Union and what are their salaries?
The average compensation at Memorial Credit Union during 2022 was $42,534. There are 6 employees and 10 volunteers at Memorial Credit Union.
Here are 9 key members and their salaries (Memorial Credit Union's CEO's salary is $75,000 and their total compensation is $75,000):
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $75,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.memorialcreditunion.com
Where can I find the form 990 for Memorial Credit Union?
Memorial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialcreditunion.com
Learn more at the official website: www.memorialcreditunion.com
Mission Statement of Memorial Credit Union
Memorial Credit Union, in its mission, serves approximately 2500 members by providing various financial services. This nonprofit organization assists its members in making financially wise decisions, focusing on loans, term certificates, share draft accounts, and savings accounts. By adhering to the traditional credit union philosophy, Memorial Credit Union aims to promote stable savings decisions among its members. This mission reflects the credit union's commitment to helping its members manage their finances effectively.
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Impact
October, 2024
Memorial Credit Union significantly impacts its community in Chattanooga, TN, by providing essential financial services to around 2,500 members. It offers a range of products, including loans, term certificates, share draft accounts, and savings accounts, fostering financial stability and responsible money management. The organization's commitment to guiding members in making wise financial decisions underscores its dedication to promoting financial literacy and empowerment. Through these services, Memorial Credit Union not only helps individuals achieve their financial goals but also strengthens the overall economic well-being of the community.
This information is meant to be a general summary of Memorial 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.
- Investment Income: $39,712
- Gross Receipts: $326,694
Assets and Liabilities:
- Total Assets: $8,214,571
- Total Liabilities: $7,146,741
- Net Assets: $1,067,830
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Organization Details
Founding Year
1960
Phone
(423) 855-1770Principal Officer
Jennifer Davis
Main Address
6800 LONGVIEW ROAD, Chattanooga, TN, 37421
Website
www.memorialcreditunion.comNTEE Category
Code: W60 - Public benefit
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