Old Hickory Credit Union

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

EIN: 626040210 ✦ Old hickory, TN ✦ Designated as a 501(c)(14)

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Overview

What is Old Hickory Credit Union?

Old Hickory Credit Union is a financial institution that operates as a nonprofit organization. Their primary mission is to provide credit union services to their members. Based on the available information, details about the location, size of the team, or specific community initiatives are not mentioned. Therefore, this summary will focus on the essential function of Old Hickory Credit Union, which is to offer credit union services to its members. By pooling resources and offering financial services, credit unions like Old Hickory aim to provide affordable financial options for their members.


Official website here: www.ohcu.org

Is Old Hickory Credit Union legitimate?

Old Hickory Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Old Hickory 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: $650,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,776,686

For more financial information, click here


Official website here: www.ohcu.org

What is the mission statement of Old Hickory Credit Union?

Old Hickory Credit Union is committed to providing credit union services to its members. Their mission is geared towards facilitating financial needs and promoting financial well-being. By offering various financial products and services, they aim to help individuals and families manage their money effectively. Additionally, they prioritize building strong relationships with their members, ensuring a personalized and supportive experience. Their goal is to create a sense of community and financial empowerment, ultimately contributing to the financial stability of their members.


Official website here: www.ohcu.org

Who is the CEO of Old Hickory Credit Union?

Bonnette Dawson is the Ceo of Old Hickory Credit Union. The CEO's salary of Old Hickory Credit Union is $150,000 and their total compensation is $150,000.


Official website here: www.ohcu.org

What is the revenue of Old Hickory Credit Union?

Old Hickory Credit Union's revenue in 2022 was $14,832,560.


Official website here: www.ohcu.org

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

The average compensation at Old Hickory Credit Union during 2022 was $42,978. There are 103 employees and 3 volunteers at Old Hickory Credit Union.


Here are 12 key members and their salaries (Old Hickory Credit Union's CEO's salary is $150,000 and their total compensation is $150,000):


Bonnette Dawson (Ceo)
  • Compensation: $150,000
  • Related: $0
  • Other: $0
Diane Bass (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Berthold (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Bowers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Branstetter (Investments)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Crosslin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barkley Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Ferguson (Assoc. Direc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vencen Horsley (Fmr. Assoc.)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Jennings (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Marshall (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Weeks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ohcu.org

Where can I find the form 990 for Old Hickory Credit Union?

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


Official website here: www.ohcu.org

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

Mission Statement of Old Hickory Credit Union

Old Hickory Credit Union is a financial institution dedicated to providing credit union services. In simpler terms, it is a member-owned cooperative that offers its members various financial products and services to help manage and grow their money. The mission of Old Hickory Credit Union is to serve its members by offering them access to financial services and tools that foster financial well-being. The credit union is committed to putting its members' needs first and providing them with personalized services and competitive rates. By pooling their resources together, members of Old Hickory Credit Union can benefit from the collective strength of the cooperative and enjoy the advantages of being part of a financial community. The credit union's member-focused approach empowers individuals to take control of their financial futures, save for their goals, and make sound financial decisions. In essence, Old Hickory Credit Union is more than just a financial institution; it is a cooperative that exists to help its members achieve financial success.

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Impact




October, 2024

Old Hickory Credit Union plays a significant role in the financial landscape of Old Hickory, TN, by providing credit union services that empower the local community. By offering accessible financial products and services, it fosters economic growth and enhances the financial well-being of its members.

Through its mission, Old Hickory Credit Union contributes to public benefit by ensuring that community members have access to essential financial resources, which can help them manage expenses, save for the future, and achieve their financial goals. This support not only benefits individual members but also promotes a stronger, more stable local economy.

By prioritizing service and community engagement, Old Hickory Credit Union builds trust and encourages financial literacy, which further empowers individuals and families in the region. Overall, its impact is reflected in the strengthened financial futures of its members and the overall prosperity of the community it serves.




This information is meant to be a general summary of Old Hickory 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
$14,832,560 (2022)
Expenses
$12,806,714 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $700,094
  • Program Service Revenue: $11,996,378
  • Gross Receipts: $14,844,600

Assets and Liabilities:

  • Total Assets: $340,319,225
  • Total Liabilities: $315,171,000
  • Net Assets: $25,148,225

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Programs

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

INTEREST MEMBER LOANS

Revenue

$9,639,434

ALL OTHER PROGRAM SERVICE REV

Revenue

$2,259,399

NON MEMBER ATM

Revenue

$97,545

Organization Details

Founding Year

1959

Principal Officer

Bonnette Dawson

Main Address

1000 INDUSTRIAL BLVD, OLD HICKORY, TN, 37138

NTEE Category

Code: W60 - Public benefit

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