City Credit Union

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

EIN: 630456978 ✦ Tuscaloosa, AL ✦ Designated as a 501(c)(14)

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Overview

What is City Credit Union?

City Credit Union, based in Tuscaloosa, Alabama, serves as a financial institution for its approximately 1,553 members. Situated at 2302 Jack Warner Parkway, this credit union offers a range of loan services, ensuring financial assistance for its members. With a dedicated team of 11 employees, City Credit Union is committed to providing savings and various financial services, thereby contributing to the financial well-being of its community.


Official website here: www.ccutuscaloosa.com

Is City Credit Union legitimate?

City Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. City 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: $272,586

For more financial information, click here


Official website here: www.ccutuscaloosa.com

What is the mission statement of City Credit Union?

City Credit Union's mission is centered around providing financial services to its members. Specifically, it aims to serve approximately 1,553 individuals, offering them various financial products such as loans and savings accounts. The credit union's activities primarily involve extending these financial services to its members, thereby contributing to their financial well-being.


Official website here: www.ccutuscaloosa.com

Who is the CEO of City Credit Union?

Castie Kinard is the Manager/Ceo of City Credit Union. The CEO's salary of City Credit Union is $47,598 and their total compensation is $56,390.


Official website here: www.ccutuscaloosa.com

What is the revenue of City Credit Union?

City Credit Union's revenue in 2022 was $821,644.


Official website here: www.ccutuscaloosa.com

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

The average compensation at City Credit Union during 2022 was $24,781. There are 11 employees and 13 volunteers at City Credit Union.


Here are 14 key members and their salaries (City Credit Union's CEO's salary is $47,598 and their total compensation is $56,390):


Castie Kinard (Manager/Ceo)
  • Compensation: $47,598
  • Related: $0
  • Other: $8,792
Russell Lawrence (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Thompson (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Simpson (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Mcateer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Montgomery (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Crossland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Hamiter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Wyatt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lester Walker (Credit Commi)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hardemon (Credit Commi)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Goins (Credit Commi)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Davis (Credit Commi)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Lolley (Credit Commi)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ccutuscaloosa.com

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

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


Official website here: www.ccutuscaloosa.com

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

Mission Statement of City Credit Union

City Credit Union, as a credit union, is dedicated to providing financial services for its approximately 1,553 members. The primary mission of this organization is to offer a range of financial services, including loans and savings, to its membership base. By doing so, City Credit Union aims to contribute positively to the financial well-being of its members. It's important to note that, as a credit union, City Credit Union operates as a not-for-profit entity, meaning it's owned and controlled by its members, with any surplus earnings being reinvested into the organization or returned to its members. This structure allows City Credit Union to prioritize its members' best interests and provide them with personalized, member-focused financial services.

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Impact




October, 2024

City Credit Union has a significant impact on its community by providing essential financial services to approximately 1,553 members in Tuscaloosa, AL. The credit union offers a variety of loan services that enable members to access funds for personal needs, such as education, home improvement, and emergency expenses. Additionally, City Credit Union promotes savings, helping members build financial security and stability. By focusing on the needs of its members and enhancing their financial well-being, City Credit Union plays a vital role in fostering economic growth and resilience within the local community.




This information is meant to be a general summary of City 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
$821,644 (2022)
Expenses
$749,553 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $108,389
  • Program Service Revenue: $629,934
  • Gross Receipts: $821,644

Assets and Liabilities:

  • Total Assets: $21,143,196
  • Total Liabilities: $16,816,046
  • Net Assets: $4,327,150

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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

$468,846

FEE INCOME

Revenue

$161,088

Organization Details

Founding Year

1950

Principal Officer

Castie Kinard

Main Address

2302 JACK WARNER PARKWAY, TUSCALOOSA, AL, 35401

NTEE Category

Code: W60 - Public benefit

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