Overview
What is Scenic Community Credit Union?
Scenic Community Credit Union is a member-owned, state-chartered financial institution located in Hixson, Tennessee. With over 13,846 members, its primary mission is to promote thrift and financial stability, issue shares, and provide loans to its members. Funds not currently required for liquidity or loans are temporarily invested. The credit union's total workforce comprises 52 dedicated individuals, and its aim is to promote financial security within its community.
Official website here: www.mysccu.com
What do the Facebook reviews say about Scenic Community Credit Union?
44% of 10 reviewers on Facebook recommend Scenic Community Credit Union. Here is a summary of their reviews:
A notable portion of the feedback reflects significant dissatisfaction with the services offered. One reviewer shared a particularly negative experience, indicating a lack of responsiveness and a perceived bias towards senior citizens. The reviewer expressed frustration after raising concerns directly with the leadership, leading them to seek services elsewhere, implying they found more value and positive experiences with another bank.
Overall, sentiments lean towards disappointment, as the reviews highlight issues with customer service and accessibility that leave clients feeling undervalued. The general impression suggests that there are challenges in meeting the needs of a diverse customer base.
This AI summary has been generated from reviews found on Facebook.
Is Scenic Community Credit Union legitimate?
Scenic Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Scenic Community 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: $2,221,894
For more financial information, click here
Official website here: www.mysccu.com
What is the mission statement of Scenic Community Credit Union?
Scenic Community Credit Union, being a member-owned credit union, is primarily focused on promoting savings among its 13,846 members. They achieve this by issuing shares and maintaining accounts. Furthermore, they provide loans to their members when required. The excess funds not currently required for liquidity or loans are temporarily invested. The institution's mission extends beyond these financial operations, aiming to advance financial peace of mind within the community. This implies that Scenic Community Credit Union strives to contribute positively to its members' financial well-being and stability, going beyond the basic functions of a credit union.
Official website here: www.mysccu.com
Who is the CEO of Scenic Community Credit Union?
Kendall Foster is the Chairman of Scenic Community Credit Union. The CEO's salary of Scenic Community Credit Union is $130,326 and their total compensation is $135,267.
Official website here: www.mysccu.com
What is the revenue of Scenic Community Credit Union?
Scenic Community Credit Union's revenue in 2022 was $6,491,428.
Official website here: www.mysccu.com
Who are the executives of Scenic Community Credit Union and what are their salaries?
The average compensation at Scenic Community Credit Union during 2022 was $42,729. There are 52 employees and 7 volunteers at Scenic Community Credit Union.
Here are 8 key members and their salaries (Scenic Community Credit Union's CEO's salary is $130,326 and their total compensation is $135,267):
- 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: $130,326
- Related: $0
- Other: $4,941
- Compensation: $113,943
- Related: $0
- Other: $3,875
- Compensation: $94,657
- Related: $0
- Other: $2,713
Official website here: www.mysccu.com
Where can I find the form 990 for Scenic Community Credit Union?
Scenic Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mysccu.com
Learn more at the official website: www.mysccu.com
Mission Statement of Scenic Community Credit Union
Scenic Community Credit Union, a member-owned financial institution, strives to instill financial security and tranquility within its community. Their mission is to encourage saving, issue shares, and maintain accounts while providing loans to its members, ensuring that funds not in immediate need are temporarily invested. This cooperative approach to finance empowers its 13,846 members by promoting financial stability and peace of mind.
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Impact
October, 2024
Scenic Community Credit Union serves a vital role in its community by empowering its 13,846 members to achieve financial stability and security. By promoting thrift, issuing shares, maintaining accounts, and providing loans, the credit union fosters a sense of financial well-being among its members. The funds not currently needed for loans are temporarily invested, ensuring that the credit union remains financially sound while supporting local growth.
With a mission centered around advancing financial peace of mind, Scenic Community Credit Union actively contributes to the overall economic health of Hixson, TN. Its focus on member ownership and community-oriented practices creates a supportive environment where individuals can manage their finances effectively, build savings, and access necessary credit for personal and business needs. Through these efforts, Scenic Community Credit Union enhances the quality of life for its members and the broader community, reinforcing its commitment to public benefit.
This information is meant to be a general summary of Scenic Community 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: $273,441
- Program Service Revenue: $6,217,987
- Gross Receipts: $6,491,428
Assets and Liabilities:
- Total Assets: $150,196,586
- Total Liabilities: $133,413,404
- Net Assets: $16,783,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM MEMBER LOA
Revenue
$4,838,120
INCOME FROM MEMBER
Revenue
$1,379,867
Organization Details
Founding Year
1954
Phone
(423) 875-6955Principal Officer
Kendall Foster
Main Address
4503 HIXSON PIKE, HIXSON, TN, 37343
Website
www.mysccu.comNTEE Category
Code: W60 - Public benefit
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