Leaders Credit Union

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

EIN: 620681671 ✦ Jackson, TN ✦ Designated as a 501(c)(14)

Overview

What is Leaders Credit Union?

Leaders Credit Union is a Tennessee-based financial institution, specifically located at 87 Murray Guard Drive Suite A, Jackson, serving a membership of 70,131 individuals. This state-chartered credit union specializes in offering various financial services, which include loans, share accounts, and other financial assistance to its members. With a team of 220 employees, Leaders Credit Union strives to provide essential financial services aimed at enhancing the financial well-being of its members.


Official website here: www.leaderscu.com

Is Leaders Credit Union legitimate?

Leaders Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leaders 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: $1,561,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,526,409

For more financial information, click here


Official website here: www.leaderscu.com

What is the mission statement of Leaders Credit Union?

Leaders Credit Union is a member-focused financial institution committed to offering various services. Its primary mission is to provide financial assistance through loans and share accounts, along with other institutional services, to its membership base. This state-chartered credit union aims to improve the financial well-being of its members by delivering essential financial solutions. With a membership of over 70,000 individuals, Leaders Credit Union serves as a trusted partner, empowering its members to achieve their financial goals.


Official website here: www.leaderscu.com

Who is the CEO of Leaders Credit Union?

Todd Swims is the Manager/Ceo of Leaders Credit Union. The CEO's salary of Leaders Credit Union is $813,259 and their total compensation is $871,157.


Official website here: www.leaderscu.com

What is the revenue of Leaders Credit Union?

Leaders Credit Union's revenue in 2022 was $54,522,507.


Official website here: www.leaderscu.com

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

The average compensation at Leaders Credit Union during 2022 was $64,037. There are 220 employees and 10 volunteers at Leaders Credit Union.

Here are 18 key members and their salaries (Leaders Credit Union's CEO's salary is $813,259 and their total compensation is $871,157):

    Todd Swims (Manager/Ceo)
  • Compensation: $813,259
  • Related: $0
  • Other: $57,898

    • Spencer Pratt (Executive Vp)
  • Compensation: $364,090
  • Related: $0
  • Other: $93,153

    • Seth Rudd (Chief Financial Officer)
  • Compensation: $349,863
  • Related: $0
  • Other: $91,742

    • Ryan Platt (Chief Information Officer)
  • Compensation: $226,630
  • Related: $0
  • Other: $54,497

    • Chris Gray (Vp Mortgage)
  • Compensation: $230,883
  • Related: $0
  • Other: $39,426

    • Tim Sikes (Mortgage Loan Originator)
  • Compensation: $202,213
  • Related: $0
  • Other: $33,220

    • Leigh Anne (Vp Marketing)
  • Compensation: $191,907
  • Related: $0
  • Other: $42,806

    • Ross Priddy (Mortgage Lending)
  • Compensation: $197,607
  • Related: $0
  • Other: $33,835

    • Ron Hill (Board Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Kelley (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kirk Newcom (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eddie Hays (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Currie Higgs (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rusty Butcher (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Bratcher (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bart Teague (Board Vice-Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Hill (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ricky Catlett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.leaderscu.com

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

    The Leaders Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.leaderscu.com

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

    Mission Statement of Leaders Credit Union

    Leaders Credit Union, a state-chartered financial institution, is dedicated to extending financial services to its membership base. With a mission to provide, this organization offers various institutional services, including loans and share accounts. The credit union's membership encompasses over 70,000 individuals, all of whom benefit from the financial assistance and resources that Leaders Credit Union offers.

    In essence, Leaders Credit Union functions as a financial cooperative, empowering its members to improve their economic situations through access to financial products and services tailored to their needs. By offering loans, the credit union provides its members with the means to invest in themselves, whether that be through purchasing a home, financing education, or addressing unexpected expenses. Additionally, the availability of share accounts enables members to save for future financial goals or rainy days.

    The credit union's commitment to its members extends beyond basic financial products. As a cooperative, Leaders Credit Union fosters a community of financial growth and stability for its members. The organization's services are designed to promote financial literacy, financial inclusion, and long-term economic success. Through these offerings, Leaders Credit Union empowers its members to take control of their financial futures and build a solid foundation for their economic well-being.

    Impact

    This information is meant to be a general summary of Leaders Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Leaders Credit Union's impact can be seen in its provision of essential financial services to over 70,131 members in JACKSON, TN. By offering loans, share accounts, and other financial institutional services, it plays a vital role in supporting the financial well-being and stability of its members. Through its mission as a state-chartered credit union, Leaders Credit Union contributes to the economic development and prosperity of the community it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $-1,236,453
  • Program Service Revenue: $32,700,085
  • Gross Receipts: $78,658,385

    • Assets and Liabilities:
  • Total Assets: $872,463,960
  • Total Liabilities: $779,921,415
  • Net Assets: $92,542,545
  • Programs

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

    Interest on Loans

    Revenue

    $32,700,085

    Organization Details

    Founding Year

    1957

    Principal Officer

    Todd Swims

    Main Address

    87 Murray Guard Drive Suite A, Jackson, TN, 38305

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Leaders Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.