Overview
What is Knox County Employees Credit Union?
Knox County Employees Credit Union is a nonprofit financial institution catering to a specific group, primarily employees of Knox County Government and their immediate family members. As a cooperative, it offers various savings accounts, including Regular Share Accounts, Share Draft Accounts, IRA Accounts, and Certificates of Deposit. Members can deposit or withdraw funds without incurring penalties, and higher dividends are paid for longer-term accounts. The credit union's mission is to provide financial services, encouraging its members to make sound financial decisions regarding savings and loans. They have a team of seven dedicated individuals to serve their members in Knoxville, Tennessee.
Official website here: www.knoxcountyecu.com
Is Knox County Employees Credit Union legitimate?
Knox County Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Knox County 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: $81,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,908
For more financial information, click here
Official website here: www.knoxcountyecu.com
What is the mission statement of Knox County Employees Credit Union?
The Knox County Employees Credit Union operates as a not-for-profit cooperative, catering to a specific group of individuals, primarily those employed by Knox County government and their immediate family members. Its mission is to provide financial services, encouraging its members to make prudent decisions regarding savings and loans. The credit union offers various accounts such as share accounts, share draft accounts, IRA accounts, certificates of deposit, and consumer loans (both collateralized and unsecured). Members are encouraged to save through these accounts, with dividends earned on regular share accounts, and higher dividends paid for longer-term accounts like IRAs or certificates of deposit, allowing for flexible deposit or withdrawal without incurring penalties.
Official website here: www.knoxcountyecu.com
Who is the CEO of Knox County Employees Credit Union?
Robin Addis is the Manager of Knox County Employees Credit Union.
Official website here: www.knoxcountyecu.com
What is the revenue of Knox County Employees Credit Union?
Knox County Employees Credit Union's revenue in 2022 was $400,809.
Official website here: www.knoxcountyecu.com
Who are the executives of Knox County Employees Credit Union and what are their salaries?
The average compensation at Knox County Employees Credit Union during 2022 was $24,815. There are 7 employees and 9 volunteers at Knox County Employees Credit Union.
Here are 10 key members and their salaries:
- Compensation: $81,794
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- Other: $0
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- Other: $0
Official website here: www.knoxcountyecu.com
Where can I find the form 990 for Knox County Employees Credit Union?
Knox County Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knoxcountyecu.com
Learn more at the official website: www.knoxcountyecu.com
Mission Statement of Knox County Employees Credit Union
Knox County Employees Credit Union, a nonprofit cooperative financial business, serves a specific group of individuals by providing various financial services. Their mission is primarily focused on catering to the financial needs of Knox County government employees and their immediate family members. By offering share accounts, share draft accounts, IRA accounts, consumer loans (both collateralized and unsecured), and certificates of deposit, the credit union aims to provide financial security and opportunities for savings and loans. It encourages its members to make sound financial choices, fostering a culture of savings and responsible borrowing. The credit union rewards its members for their savings efforts, paying higher dividends for longer-term accounts such as IRAs or certificates of deposit. This incentivizes members to save for the future, providing them with financial stability and growth opportunities.
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Impact
October, 2024
Knox County Employees Credit Union significantly contributes to the financial well-being of its members by providing tailored financial services that promote savings and responsible borrowing. Catering specifically to employees of Knox County Government and their immediate families, the credit union offers a range of accounts, including share accounts, IRA accounts, and certificates of deposit, fostering an environment where members can easily save and grow their funds.
With regular share accounts earning dividends, members are encouraged to make deposits without the penalty of withdrawal, making it easier for them to manage their finances effectively. Additionally, those looking for long-term savings options can benefit from higher dividends through IRAs and certificates of deposit. By emphasizing sound financial choices, the credit union plays a pivotal role in educating its members about effective savings strategies and loan management, ultimately promoting financial stability and security within the community.
Through these services, Knox County Employees Credit Union not only supports the financial health of its members but also enhances the overall economic welfare of the Knoxville area by encouraging savings habits and responsible financial practices.
This information is meant to be a general summary of Knox County 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $58,523
- Program Service Revenue: $342,286
- Gross Receipts: $400,809
Assets and Liabilities:
- Total Assets: $12,017,061
- Total Liabilities: $10,192,953
- Net Assets: $1,824,108
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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
$245,932
INTERCHANGE FEES
Revenue
$52,049
SERVICE FEES
Revenue
$42,895
MEMBER ELECT INSURANCE
Revenue
$1,185
MISCELLANEOUS
Revenue
$225
Organization Details
Founding Year
1974
Phone
(865) 215-2364Principal Officer
Robin Addis
Main Address
400 MAIN AVE ROOM 355, KNOXVILLE, TN, 37902
Website
www.knoxcountyecu.comNTEE Category
Code: W61Z - Public benefit
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