Kingsport Press Cu

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

EIN: 626041453 ✦ Kingsport, TN ✦ Designated as a 501(c)(14)

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Overview

What is Kingsport Press Cu?

Kingsport Press Credit Union, abbreviated as Kingsport Press Cu, is a nonprofit financial institution serving approximately 6,985 members. Under the guidance of Walter Salyers, they provide a range of financial services, including financial counseling, loans, Individual Retirement Accounts (IRA's), and deposit accounts. The organization's mission is to support its member-owners financially, offering them various financial solutions to manage their funds effectively.


Official website here: www.kpcu.org

Is Kingsport Press Cu legitimate?

Kingsport Press Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kingsport Press Cu 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: $82,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $722,063

For more financial information, click here


Official website here: www.kpcu.org

What is the mission statement of Kingsport Press Cu?

Kingsport Press Credit Union, serving approximately 6,985 members, is committed to offering various financial services. This includes providing financial counseling, lending options, Individual Retirement Accounts (IRA's), and deposit accounts. The credit union's mission is to assist its members in managing their finances effectively.


Official website here: www.kpcu.org

Who is the CEO of Kingsport Press Cu?

Walter Salyers is the President/Ceo of Kingsport Press Cu. The CEO's salary of Kingsport Press Cu is $82,753 and their total compensation is $82,753.


Official website here: www.kpcu.org

What is the revenue of Kingsport Press Cu?

Kingsport Press Cu's revenue in 2022 was $3,565,234.


Official website here: www.kpcu.org

Who are the executives of Kingsport Press Cu and what are their salaries?

There 7 volunteers at Kingsport Press Cu.


Here are 8 key members and their salaries (Kingsport Press Cu's CEO's salary is $82,753 and their total compensation is $82,753):


Walter Salyers (President/Ceo)
  • Compensation: $82,753
  • Related: $0
  • Other: $0
Christine Grant (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gullion (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hollis Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Taylor (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Morelock (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryce Castle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kpcu.org

Where can I find the form 990 for Kingsport Press Cu?

Kingsport Press Cu's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kpcu.org

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

Mission Statement of Kingsport Press Cu

Kingsport Press Credit Union, with Walter Salyers at its helm, is committed to serving around 6,985 members. This community-focused financial institution offers a variety of financial services, including financial counseling, loans, Individual Retirement Accounts (IRAs), and deposit accounts. The organization's mission is to empower its members by providing them with the necessary financial tools to manage their finances effectively. Through its services, Kingsport Press Credit Union aims to foster financial stability and independence among its members.

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Impact




October, 2024

Kingsport Press Credit Union plays a significant role in the financial well-being of its 6,985 members in Kingsport, TN. By offering a range of financial services, such as financial counseling, loans, individual retirement accounts (IRAs), and deposit accounts, the organization empowers its members to make informed financial decisions and achieve their personal and financial goals. Under the leadership of Walter Salyers, Kingsport Press Credit Union fosters a supportive environment that prioritizes the diverse needs of its members, promoting financial literacy and stability within the community. This impact not only enhances individual member experiences but also contributes to the overall economic health of the region, creating a stronger and more resilient community.




This information is meant to be a general summary of Kingsport Press Cu. 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
$3,565,234 (2022)
Expenses
$2,741,572 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $238,874
  • Program Service Revenue: $3,142,971
  • Gross Receipts: $3,565,234

Assets and Liabilities:

  • Total Assets: $81,978,043
  • Total Liabilities: $71,941,370
  • Net Assets: $10,036,673

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Programs

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

Loans Interest from Members/Loans

Revenue

$2,191,415

Member Service Fees

Revenue

$951,556

Organization Details

Founding Year

1932

Principal Officer

Walter Salyers

Main Address

528 W Center Street, Kingsport, TN, 37660

NTEE Category

Code: W60 - Public benefit

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