Appliance Credit Union

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

EIN: 620873575 ✦ Cleveland, TN ✦ Designated as a 501(c)(14)

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Overview

What is Appliance Credit Union?

Appliance Credit Union is a nonprofit organization dedicated to serving its members. They offer a variety of financial services, primarily focusing on loans and deposit accounts. The organization's mission is to provide these essential financial tools to its members, thereby supporting their financial needs effectively. Appliance Credit Union's programs are structured around these services, ensuring member satisfaction and financial well-being.


Official website here: www.appliancecu.com

Is Appliance Credit Union legitimate?

Appliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Appliance 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: $275,394

For more financial information, click here


Official website here: www.appliancecu.com

What is the mission statement of Appliance Credit Union?

Appliance Credit Union, as a member-focused organization, is committed to delivering services through various financial offerings, primarily loans and deposit accounts. The mission of Appliance Credit Union is to cater to its members' financial needs by providing these essential financial tools. The credit union's activities are centered around offering loans and deposit accounts to its members, ensuring they can manage their finances effectively.


Official website here: www.appliancecu.com

Who is the CEO of Appliance Credit Union?

Jk Barrineau is the President of Appliance Credit Union.


Official website here: www.appliancecu.com

What is the revenue of Appliance Credit Union?

Appliance Credit Union's revenue in 2022 was $791,645.


Official website here: www.appliancecu.com

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

The average compensation at Appliance Credit Union during 2022 was $55,079. There are 5 employees and 8 volunteers at Appliance Credit Union.


Here are 5 key members and their salaries:


Jeff Kalb (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jk Barrineau (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Curtis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Brown (Education Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald J Mccowan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.appliancecu.com

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

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


Official website here: www.appliancecu.com

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

Mission Statement of Appliance Credit Union

Appliance Credit Union, as a nonprofit entity, is dedicated to serving its members by offering various financial services. Its primary mission is to provide loans and deposit accounts to its members, aiming to cater to their financial needs effectively. The organization's programs are centered around these two services, ensuring that its members have access to the financial tools they require. In essence, Appliance Credit Union's mission is to support its members financially, offering them loans and savings options to manage their financial well-being.

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Impact




October, 2024

Appliance Credit Union has a significant impact on the community by providing essential financial services to its members in Cleveland, TN. By offering loans and deposit accounts, it supports individuals and families in achieving their financial goals. The availability of these services fosters financial stability and growth, allowing members to manage their finances effectively. The credit union’s commitment to facilitating access to loans helps promote economic development within the community, as members are empowered to invest in their homes, education, and businesses. Overall, Appliance Credit Union plays a crucial role in enhancing the financial well-being of its members, contributing to the overall prosperity of the community.




This information is meant to be a general summary of Appliance 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
$791,645 (2022)
Expenses
$795,978 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $41,292
  • Program Service Revenue: $356,724
  • Gross Receipts: $791,645

Assets and Liabilities:

  • Total Assets: $15,723,883
  • Total Liabilities: $14,150,953
  • Net Assets: $1,572,930

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Programs

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

MEMBER LOANS

Revenue

$356,724

Organization Details

Founding Year

1972

Principal Officer

Jk Barrineau

Main Address

150 LINDEN AVE SE, CLEVELAND, TN, 37311

NTEE Category

Code: W60 - Public benefit

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