Healthcare Services Credit Union

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

EIN: 626642525 ✦ Chattanooga, TN ✦ Designated as a 501(c)(14)

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Overview

What is Healthcare Services Credit Union?

Healthcare Services Credit Union is a financial institution situated at 946 East Third Street, Chattanooga, Tennessee. Established to serve its members, the credit union offers various loan services and financial options, such as savings accounts. With a dedicated team of 10 employees, Healthcare Services Credit Union aims to cater to approximately 3,343 members, providing them with essential financial assistance.


Official website here: www.hscu.net

Is Healthcare Services Credit Union legitimate?

Healthcare Services Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Healthcare Services 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: $417,046

For more financial information, click here


Official website here: www.hscu.net

What is the mission statement of Healthcare Services Credit Union?

Healthcare Services Credit Union's mission is centered around providing financial services to its approximately 3,343 members. This includes offering loans, savings, and various other financial services. In essence, the credit union aims to cater to its members' financial needs, serving as a reliable financial resource. The credit union's activities primarily revolve around loan services, demonstrating its commitment to supporting its members financially.


Official website here: www.hscu.net

Who is the CEO of Healthcare Services Credit Union?

Shannon Walters is the Manager/Ceo of Healthcare Services Credit Union. The CEO's salary of Healthcare Services Credit Union is $115,306 and their total compensation is $121,215.


Official website here: www.hscu.net

What is the revenue of Healthcare Services Credit Union?

Healthcare Services Credit Union's revenue in 2022 was $1,108,078.


Official website here: www.hscu.net

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

The average compensation at Healthcare Services Credit Union during 2022 was $41,705. There are 10 employees and 8 volunteers at Healthcare Services Credit Union.


Here are 10 key members and their salaries (Healthcare Services Credit Union's CEO's salary is $115,306 and their total compensation is $121,215):


Susan Tant (Manager/Ceo)
  • Compensation: $225,626
  • Related: $0
  • Other: $0
Shannon Walters (Manager/Ceo)
  • Compensation: $115,306
  • Related: $0
  • Other: $5,909
Fred Gault (Board Presid)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Fletcher (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Campbell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Otting (Board Vice P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erical Beasley (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Pettyjohn (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Pam Upton (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Weaver-Vandergriff (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hscu.net

Where can I find the form 990 for Healthcare Services Credit Union?

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


Official website here: www.hscu.net

Learn more at the official website: www.hscu.net

Mission Statement of Healthcare Services Credit Union

Healthcare Services Credit Union, as a credit union, is committed to providing financial services to its approximately 3,343 members. Its mission is centered around offering a range of financial products, including loans and savings, to cater to the needs of its members. The credit union actively provides various loan services to its members, enabling them to manage their finances effectively. By offering these services, Healthcare Services Credit Union aims to play a significant role in the financial well-being of its members, contributing to their financial stability and success.

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Impact




October, 2024

Healthcare Services Credit Union has a significant impact on its community by providing essential financial services tailored to the needs of its members. Serving approximately 3,343 members in Chattanooga, TN, the credit union offers a variety of loan services, savings options, and other financial support. This accessibility empowers individuals in the healthcare sector with the financial resources necessary to manage their personal and professional lives effectively. By fulfilling its mission to provide comprehensive financial services, Healthcare Services Credit Union enhances the financial well-being of its members and fosters a supportive community environment.




This information is meant to be a general summary of Healthcare Services 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
$1,108,078 (2022)
Expenses
$1,020,771 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $118,225
  • Program Service Revenue: $919,132
  • Gross Receipts: $1,108,078

Assets and Liabilities:

  • Total Assets: $23,663,791
  • Total Liabilities: $20,238,576
  • Net Assets: $3,425,215

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Programs

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

INTEREST ON LOANS

Revenue

$600,386

FEE INCOME

Revenue

$318,746

Organization Details

Founding Year

1994

Principal Officer

Shannon Walters

Main Address

946 EAST THIRD STREET, CHATTANOOGA, TN, 37403

NTEE Category

Code: W60 - Public benefit

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