The West Tennessee Credit Union

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

EIN: 620794076 ✦ Atoka, TN ✦ Designated as a 501(c)(14)

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Overview

What is The West Tennessee Credit Union?

The West Tennessee Credit Union, located at 13690 HIGHWAY 51 S STE 107, Atoka, TN 38004, is a financial institution serving approximately 1,589 members. Its primary mission is to offer various financial services, including loans, savings, and other financial products. With a team of seven dedicated employees, the credit union provides these services to support its members' financial needs. The West Tennessee Credit Union is committed to serving its community by offering financial solutions tailored to its members.


Official website here: www.wtncu.org

Is The West Tennessee Credit Union legitimate?

The West Tennessee Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The West Tennessee 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: $214,159

For more financial information, click here


Official website here: www.wtncu.org

What is the mission statement of The West Tennessee Credit Union?

The West Tennessee Credit Union is committed to providing financial services to its approximately 1,589 members. This mission encompasses offering loans, savings, and various other financial services. The credit union actively provides a range of loan services to cater to its members' needs.


Official website here: www.wtncu.org

Who is the CEO of The West Tennessee Credit Union?

Ken Newberry is the President/Ce of The West Tennessee Credit Union.


Official website here: www.wtncu.org

What is the revenue of The West Tennessee Credit Union?

The West Tennessee Credit Union's revenue in 2022 was $528,634.


Official website here: www.wtncu.org

Who are the executives of The West Tennessee Credit Union and what are their salaries?

The average compensation at The West Tennessee Credit Union during 2022 was $30,594. There are 7 employees and 5 volunteers at The West Tennessee Credit Union.


Here are 5 key members and their salaries:


Ken Newberry (President/Ce)
  • Compensation: $64,750
  • Related: $0
  • Other: $0
Al Wise (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Robinson (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Warlick (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Pike (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wtncu.org

Where can I find the form 990 for The West Tennessee Credit Union?

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


Official website here: www.wtncu.org

Learn more at the official website: www.wtncu.org

Mission Statement of The West Tennessee Credit Union

The West Tennessee Credit Union, a credit union by nature, is committed to providing financial services for its approximately 1,589 members. Its mission is multifaceted, encompassing the provision of various loan services and savings options. This credit union serves as a financial resource for its members, offering them the opportunity to access loans and manage their savings effectively.

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Impact




October, 2024

The West Tennessee Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members. With a membership base of approximately 1,589 individuals, the credit union offers a variety of loan services that empower members to achieve their financial goals. By facilitating access to loans and savings options, it promotes financial stability and encourages responsible money management among its members. Located in Atoka, TN, the credit union plays a vital role in fostering economic growth and providing valuable financial resources to the local community. Its commitment to serving its members ensures that individuals have the support necessary for personal and financial development.




This information is meant to be a general summary of The West Tennessee 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
$528,634 (2022)
Expenses
$639,320 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $52,200
  • Program Service Revenue: $641,509
  • Gross Receipts: $528,634

Assets and Liabilities:

  • Total Assets: $19,399,326
  • Total Liabilities: $17,832,528
  • Net Assets: $1,566,798

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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

$591,167

FEE INCOME

Revenue

$50,342

Organization Details

Founding Year

1967

Principal Officer

Ken Newberry

Main Address

13690 HIGHWAY 51 S STE 107, ATOKA, TN, 38004

NTEE Category

Code: W60 - Public benefit

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