Overview
What is Eastman Credit Union?
Eastman Credit Union is a state-chartered credit union, headquartered in Kingsport, Tennessee. With a workforce of 1,127 employees, it served 304,455 members in 2022, offering a range of deposit products and amassing assets totaling $6.43 billion. Their mission is to be the preferred financial institution within their communities by providing value-added financial services, upholding credit union cooperative values, and prioritizing service excellence. The credit union aimed to maintain a strong presence in the communities it served, offering various financial products to enhance the lives of its members.
Official website here: www.ecu.org
Is Eastman Credit Union legitimate?
Eastman Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eastman 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: $3,424,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,697,040
For more financial information, click here
Official website here: www.ecu.org
What is the mission statement of Eastman Credit Union?
During the year 2022, Eastman Credit Union functioned as a state-chartered credit union dedicated to becoming the preferred financial institution in the communities it served. This was achieved by offering valuable financial products and services to members, in adherence to credit union cooperative values and service excellence expectations. The credit union's purpose was to maintain accounts, issue shares, and promote thrift, ultimately resulting in superior value for its members. Eastman Credit Union catered to 304,455 members, offering a range of deposit products totaling over $6.4 billion.
Official website here: www.ecu.org
Who is the CEO of Eastman Credit Union?
Kelly Price is the President, Ceo of Eastman Credit Union. The CEO's salary of Eastman Credit Union is $104,931 and their total compensation is $104,931.
Official website here: www.ecu.org
What is the revenue of Eastman Credit Union?
Eastman Credit Union's revenue in 2022 was $342,469,069.
Official website here: www.ecu.org
Who are the executives of Eastman Credit Union and what are their salaries?
The average compensation at Eastman Credit Union during 2022 was $52,459. There are 1127 employees and 9 volunteers at Eastman Credit Union.
Here are 26 key members and their salaries (Eastman Credit Union's CEO's salary is $104,931 and their total compensation is $104,931):
- Compensation: $1,003,483
- Related: $0
- Other: -$248,151
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $306,425
- Related: $0
- Other: $53,211
- Compensation: $304,248
- Related: $0
- Other: $53,211
- Compensation: $287,474
- Related: $0
- Other: $48,806
- Compensation: $282,001
- Related: $0
- Other: $49,346
- Compensation: $414,109
- Related: $0
- Other: -$96,420
- Compensation: $423,646
- Related: $0
- Other: -$107,767
- Compensation: $336,924
- Related: $0
- Other: -$74,478
- Compensation: $163,451
- Related: $0
- Other: $40,504
- Compensation: $172,445
- Related: $0
- Other: $12,311
- Compensation: $273,434
- Related: $0
- Other: $56,504
- Compensation: $227,333
- Related: $0
- Other: $45,837
- Compensation: $198,468
- Related: $0
- Other: $31,160
- Compensation: $207,265
- Related: $0
- Other: -$34,362
- Compensation: $200,558
- Related: $0
- Other: -$36,409
- Compensation: $104,931
- Related: $0
- Other: $0
Official website here: www.ecu.org
Where can I find the form 990 for Eastman Credit Union?
Eastman Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecu.org
Learn more at the official website: www.ecu.org
Mission Statement of Eastman Credit Union
Eastman Credit Union, a state-chartered financial institution, dedicated itself to being the preferred choice for communities it served during the year 2022. With a strong commitment to its members, the credit union offered an array of financial products and services that added value to their lives. Eastman Credit Union's mission was guided by cooperative values and service excellence expectations.
As a mutually owned financial cooperative, Eastman Credit Union promoted thrift by maintaining member accounts and issuing shares. This approach resulted in superior value for the 304,455 members it served. The credit union's vast offering of deposit products, totaling over $6.4 billion, demonstrated its dedication to providing financial solutions tailored to its members' needs. By focusing on value addition and service excellence, Eastman Credit Union solidified its position as a trusted financial partner within the communities it served.
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Impact
October, 2024
Eastman Credit Union serves a significant role in its communities by providing robust financial products and services that meet the diverse needs of its 304,455 members. With a focus on promoting thrift, the credit union manages deposit products valued at over $6.4 billion, offering superior value to its members.
Located in Kingsport, Tennessee, Eastman Credit Union operates under cooperative values that prioritize service excellence. This community-oriented approach ensures that members receive not only financial benefits but also a personalized banking experience. By prioritizing the financial well-being of its members, Eastman Credit Union fosters economic stability and growth within the local community, reinforcing its status as a preferred financial institution. Additionally, the credit union’s commitment to value creation underscores its impact on improving the quality of life for its members and the surrounding communities.
This information is meant to be a general summary of Eastman 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: $20,809,898
- Program Service Revenue: $321,487,147
- Gross Receipts: $343,727,241
Assets and Liabilities:
- Total Assets: $7,481,805,455
- Total Liabilities: $6,517,628,561
- Net Assets: $964,176,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$253,343,508
FEES AND CHARGES
Revenue
$65,488,171
OTHER INCOME
Revenue
$2,655,468
Organization Details
Founding Year
1934
Phone
(423) 229-8200Principal Officer
Kelly Price
Main Address
PO BOX 1989, KINGSPORT, TN, 37662
Website
www.ecu.orgNTEE Category
Code: W60 - Public benefit
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