Overview
What is Lakeside Credit Union?
Lakeside Credit Union, located in New Johnsonville, Tennessee (specifically at 1008 Broadway, 37134), is a financial institution that primarily serves its approximately 2,534 members. The credit union's mission is to provide them with various financial services, including loans, savings, and other financial products. With a team of 12 dedicated employees, Lakeside Credit Union offers a range of loan services to cater to its members' financial needs.
Official website here: www.lcu.coop
Is Lakeside Credit Union legitimate?
Lakeside Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lakeside 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: $437,542
For more financial information, click here
Official website here: www.lcu.coop
What is the mission statement of Lakeside Credit Union?
Lakeside Credit Union is committed to providing financial services to its approximately 2,534 members. This includes offering loans, savings, and various other financial services. The primary mission of Lakeside Credit Union is to cater to the financial needs of its members, ensuring they have access to essential financial tools. The credit union's activities focus on serving its members effectively, providing them with the necessary financial assistance when required.
Official website here: www.lcu.coop
Who is the CEO of Lakeside Credit Union?
Karen Scott is the Ceo of Lakeside Credit Union. The CEO's salary of Lakeside Credit Union is $99,141 and their total compensation is $111,535.
Official website here: www.lcu.coop
What is the revenue of Lakeside Credit Union?
Lakeside Credit Union's revenue in 2022 was $1,233,365.
Official website here: www.lcu.coop
Who are the executives of Lakeside Credit Union and what are their salaries?
The average compensation at Lakeside Credit Union during 2022 was $36,462. There are 12 employees and 7 volunteers at Lakeside Credit Union.
Here are 8 key members and their salaries (Lakeside Credit Union's CEO's salary is $99,141 and their total compensation is $111,535):
- Compensation: $99,141
- Related: $0
- Other: $12,394
- 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.lcu.coop
Where can I find the form 990 for Lakeside Credit Union?
Lakeside Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcu.coop
Learn more at the official website: www.lcu.coop
Mission Statement of Lakeside Credit Union
Lakeside Credit Union, a financial institution, is committed to providing its members with a range of financial services. Its mission is to serve approximately 2,534 individuals by offering loans, savings, and various other financial services. This credit union aims to contribute positively to its members' financial well-being, enabling them to meet their financial needs effectively. By offering these services, Lakeside Credit Union seeks to foster financial stability and independence among its members.
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Impact
October, 2024
Lakeside Credit Union plays a significant role in the financial well-being of its community by offering a comprehensive range of financial services tailored to its members. Based in New Johnsonville, TN, the credit union serves approximately 2,534 members, providing essential services such as loans, savings accounts, and other financial products.
By focusing on member-centered lending, Lakeside Credit Union enables individuals and families to access affordable credit options, fostering economic growth and stability within the community. The variety of loan services available empowers members to pursue personal goals—whether it's buying a home, financing education, or managing unexpected expenses.
Additionally, Lakeside Credit Union promotes financial literacy and responsible savings habits, contributing to the long-term financial health of its members. This commitment to serving the local population not only strengthens individual financial security but also enhances the overall economic fabric of New Johnsonville. Through its work, Lakeside Credit Union exemplifies the positive impact that cooperative financial services can have on a community, with a focus on public benefit and social responsibility.
This information is meant to be a general summary of Lakeside 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: $232,260
- Program Service Revenue: $856,162
- Gross Receipts: $1,233,365
Assets and Liabilities:
- Total Assets: $42,648,455
- Total Liabilities: $36,870,874
- Net Assets: $5,777,581
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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
$733,187
FEE INCOME
Revenue
$122,975
Organization Details
Founding Year
1965
Phone
(931) 535-3750Principal Officer
Karen Scott
Main Address
1008 BROADWAY, NEW JOHNSONVILLE, TN, 37134
Website
www.lcu.coopNTEE Category
Code: W60 - Public benefit
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