Pathway Credit Union

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

EIN: 626081645 ✦ Cleveland, TN ✦ Designated as a 501(c)(14)

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Overview

What is Pathway Credit Union?

Pathway Credit Union is a financial institution based in Cleveland, Tennessee, specifically at 2751 Ralph Buckner Blvd. Established to cater to the expanding requirements of Church of God entities, the Credit Union offers various deposit account options to its members, such as savings, checking, and certificate accounts. As of December 31, 2022, the Credit Union boasts a membership of 934 individuals. With a modest workforce of 5 employees, Pathway Credit Union continues to serve its members effectively.


Official website here: www.pathwaycreditunion.com

Is Pathway Credit Union legitimate?

Pathway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pathway 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: $65,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,404

For more financial information, click here


Official website here: www.pathwaycreditunion.com

What is the mission statement of Pathway Credit Union?

Pathway Credit Union was established with the purpose of addressing the expanding financial requirements of the Church of God entities. Serving as a financial institution, its mission is to cater to the monetary needs of its members within this religious community. The Credit Union offers various deposit account options, such as savings, checking, and certificates, to its members. As of December 31, 2022, the Credit Union boasts a membership base of 934 individuals.


Official website here: www.pathwaycreditunion.com

Who is the CEO of Pathway Credit Union?

Walter Browning is the Treasurer of Pathway Credit Union. The CEO's salary of Pathway Credit Union is $62,125 and their total compensation is $65,293.


Official website here: www.pathwaycreditunion.com

What is the revenue of Pathway Credit Union?

Pathway Credit Union's revenue in 2022 was $317,617.


Official website here: www.pathwaycreditunion.com

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

The average compensation at Pathway Credit Union during 2022 was $21,339. There are 5 employees and 7 volunteers at Pathway Credit Union.


Here are 8 key members and their salaries (Pathway Credit Union's CEO's salary is $62,125 and their total compensation is $65,293):


Mark Rice (Manager/Ceo)
  • Compensation: $62,125
  • Related: $0
  • Other: $3,168
Robert Mccall (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carissa Beasley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leto Zacharia (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Browning (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Luithle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Rice (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Pace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pathwaycreditunion.com

Where can I find the form 990 for Pathway Credit Union?

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


Official website here: www.pathwaycreditunion.com

Learn more at the official website: www.pathwaycreditunion.com

Mission Statement of Pathway Credit Union

Pathway Credit Union was established with a mission to cater to the expanding financial needs of the Church of God entities. In essence, the credit union was established to serve as a reliable financial institution for this specific religious organization. The credit union offers a variety of deposit account options to its members, including savings, checking, and certificate accounts. As of December 31, 2022, the credit union boasts a membership of 934 individuals.

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Impact




October, 2024

Pathway Credit Union significantly impacts its community by providing essential financial services tailored to the needs of Church of God entities. Established in Cleveland, TN, the credit union offers a variety of deposit account options, including savings, checking, and certificate accounts, catering to the diverse requirements of its 934 members as of December 31, 2022.

By focusing on the unique financial needs of its members, Pathway Credit Union plays a vital role in fostering financial well-being and stability within the Church of God community. Its mission to meet these growing needs ensures that members have access to reliable banking services, enhancing their financial literacy and capabilities while contributing to the overall economic health of the region.




This information is meant to be a general summary of Pathway 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
$317,617 (2022)
Expenses
$302,782 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $12,393
  • Program Service Revenue: $305,224
  • Gross Receipts: $317,617

Assets and Liabilities:

  • Total Assets: $5,693,878
  • Total Liabilities: $5,366,440
  • Net Assets: $327,438

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Programs

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

Fee Income

Revenue

$42,258

Interest on Loans

Revenue

$260,643

Misc Operating Income

Revenue

$2,323

Organization Details

Founding Year

1967

Principal Officer

Walter Browning

Main Address

2751 RALPH BUCKNER BLVD, CLEVELAND, TN, 37311

NTEE Category

Code: W60 - Public benefit

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