Overview
What is Transcend Credit Union?
Transcend Credit Union, located at 3740 Bardstown Road in Louisville, Kentucky (40218), is a member-owned cooperative association designed to encourage savings and lending amongst its members. The credit union provides various loan options, such as mortgages and vehicle loans, as well as accounts for members to save and transact. With a mission to promote thrift and offer credit, Transcend Credit Union strives to provide competitive interest rates and dividends to its 79 employees and members. The organization offers convenient access to accounts through online, mobile banking, and shared branching services.
Official website here: www.transcendcu.com
Is Transcend Credit Union legitimate?
Transcend Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Transcend 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,372,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,686,194
For more financial information, click here
Official website here: www.transcendcu.com
What is the mission statement of Transcend Credit Union?
Transcend Credit Union is a cooperative association dedicated to encouraging savings among its members and providing them with access to credit. The mission of the credit union is two-fold: to promote thrift and to offer credit to its members. By doing so, Transcend Credit Union aims to help its members manage their finances effectively. The credit union caters to the financial needs of its members by offering a range of loan products, including mortgage and vehicle loans, as well as various accounts for saving and transacting. As a member-owned organization, Transcend Credit Union strives to provide competitive interest and dividend rates to its members and offers convenient ways for them to access their accounts, such as online and mobile banking and shared branching services.
Official website here: www.transcendcu.com
What is the revenue of Transcend Credit Union?
Transcend Credit Union's revenue in 2022 was $19,810,311.
Official website here: www.transcendcu.com
Who are the executives of Transcend Credit Union and what are their salaries?
The average compensation at Transcend Credit Union during 2022 was $76,687. There are 79 employees and 15 volunteers at Transcend Credit Union.
Here are 19 key members and their salaries (Transcend Credit Union's CEO's salary is $1,766,719 and their total compensation is $2,300,737):
- Richard Reese (President/Ceo)
- Vickie Shellenberg (Executive Vice President)
- Branden Bledsoe (Svp/Operations)
- Phillip Dysinger (Chief Experience Officer)
- Matthew Holbrook (Chief Lending Officer)
- Matthew Lancaster (Vp/Finance And Controller)
- James Stopher (Chief Retail Banking Officer)
- Donna Workman (Svp/Cfo (Until March 2022))
- Charles Newman (Director Of It)
- Paula Jackson (Director Of Human Resources)
- Jackie White (Secretary) [Trustee/Director]
- Mark Booker (Chair) [Trustee/Director]
- Richard Dowdell (Vice Chair) [Trustee/Director]
- Sheryl Distler (Treasurer) [Trustee/Director]
- Cindy Hall (Board Member) [Trustee/Director]
- Cora Brown (Board Member) [Trustee/Director]
- Doug O'Connell (Board Member) [Trustee/Director]
- Kevin Roberts (Board Member) [Trustee/Director]
- Vanessa Haulk (Board Member) [Trustee/Director]
Official website here: www.transcendcu.com
Where can I find the form 990 for Transcend Credit Union?
The Transcend Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.transcendcu.com
Learn more at the official website: www.transcendcu.com
Mission Statement of Transcend Credit Union
Transcend Credit Union, with its mission to promote thrift and provide credit, serves its members as a cooperative association. This credit union, organized with the goal of encouraging savings and offering loans to its members, is dedicated to competing interest rates and dividends, as well as providing convenient access to accounts.
Transcend Credit Union's primary focus is on fostering thrift and creating a reliable source of credit for its members. By offering a range of loans, including mortgages and vehicle loans, and various accounts for saving, such as share draft accounts and share certificates, the credit union helps its members manage their finances effectively.
As a member-owned organization, Transcend Credit Union prides itself on providing competitive interest and dividend rates to its members. Additionally, the credit union offers accessible ways for members to engage with their accounts through online and mobile banking, as well as shared branching services. In pursuit of its mission, Transcend Credit Union strives to promote financial well-being and stability among its members.
Impact
This information is meant to be a general summary of Transcend Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Transcend Credit Union's impact lies in its mission to promote thrift and provide credit to its members. By offering mortgage, vehicle, and consumer loans, as well as various account options like share draft accounts and share certificates, this credit union empowers its members to manage their finances effectively. As a member-owned organization, Transcend Credit Union is committed to providing competitive interest and dividend rates while ensuring convenient access to accounts through online and mobile banking services. Through these efforts, Transcend Credit Union contributes to the financial well-being of its members in Louisville, KY, and beyond.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$11,449,939
FEES AND SERVICE CHARGES
Revenue
$3,339,118
CREDIT CARD INCOME
Revenue
$2,812,084
INSURANCE COMMISSION REVENUE
Revenue
$797,747
LOAN ORGINATION REVENUE ON SOLD LOANS
Revenue
$144,253
Organization Details
Founding Year
1934
Phone
(502) 459-3000
Main Address
3740 Bardstown Road, Louisville, KY, 40218
Website
www.transcendcu.com
NTEE Category
Code: W60 - Public benefit
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