Wcg Employees Credit Union

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

EIN: 620728870 ✦ Martin, TN ✦ Designated as a 501(c)(14)

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Overview

What is Wcg Employees Credit Union?

Wcg Employees Credit Union is a modest financial institution, serving a community of 248 members. Based in Martin, Tennessee, its primary mission is to provide a reliable financial environment for its members, enabling them to save money effectively and secure affordable loans. With a small team of one dedicated employee, this credit union plays a significant role in supporting its members' financial well-being.

Is Wcg Employees Credit Union legitimate?

Wcg Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wcg Employees 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: $9,900

For more financial information, click here

What is the mission statement of Wcg Employees Credit Union?

Wcg Employees Credit Union is dedicated to serving its members by offering a reliable financial institution. This institution aims to assist members in saving money and securing affordable loans. With a membership base of 248 individuals, the credit union is committed to providing financial solutions that meet its members' needs.

Who is the CEO of Wcg Employees Credit Union?

Thomas Brewer is the Officer of Wcg Employees Credit Union.

What is the revenue of Wcg Employees Credit Union?

Wcg Employees Credit Union's revenue in 2022 was $32,412.

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

The average compensation at Wcg Employees Credit Union during 2022 was $9,900. There is 1 employee and 7 volunteers at Wcg Employees Credit Union.


Here are 4 key members and their salaries:


Shelly Bowers (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry High (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Little (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Reynolds (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wcg Employees Credit Union?

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

Mission Statement of Wcg Employees Credit Union

Wcg Employees Credit Union is dedicated to serving its members by providing a reliable and financially sound institution. The primary objective of this credit union is to facilitate savings and offer affordable loan options to its members, catering to a membership base of 248 individuals. By doing so, Wcg Employees Credit Union aims to contribute positively to its members' financial well-being.

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Impact




October, 2024

Wcg Employees Credit Union plays a vital role in the financial wellbeing of its 248 members in Martin, TN. By offering a sound financial institution, it enables members to save money effectively and access affordable loans, empowering them to achieve their financial goals. This focus on providing accessible financial services enhances the economic stability of the community, fostering greater financial literacy and promoting responsible borrowing. The credit union's commitment to serving its members contributes to a stronger local economy and builds a supportive network that benefits all involved.




This information is meant to be a general summary of Wcg Employees 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
$32,412 (2022)
Expenses
$29,238 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,675
  • Program Service Revenue: $28,453
  • Gross Receipts: $32,412

Assets and Liabilities:

  • Total Assets: $1,170,498
  • Total Liabilities: $975,134
  • Net Assets: $195,364

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO MEMBERS

Revenue

$28,453

Organization Details

Founding Year

1962

Principal Officer

Thomas Brewer

Main Address

P O BOX 284, MARTIN, TN, 38237

NTEE Category

Code: W60 - Public benefit

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