Old Hickory Credit Union

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

EIN: 626040210 ✦ Old hickory, TN ✦ Designated as a 501(c)(14)

Overview

What is Old Hickory Credit Union?

Old Hickory Credit Union is a financial institution that operates as a nonprofit organization. Their primary mission is to provide credit union services to their members. Based on the available information, details about the location, size of the team, or specific community initiatives are not mentioned. Therefore, this summary will focus on the essential function of Old Hickory Credit Union, which is to offer credit union services to its members. By pooling resources and offering financial services, credit unions like Old Hickory aim to provide affordable financial options for their members.


Official website here: www.ohcu.org

Is Old Hickory Credit Union legitimate?

Old Hickory Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Old Hickory 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: $650,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,776,686

For more financial information, click here


Official website here: www.ohcu.org

What is the mission statement of Old Hickory Credit Union?

Old Hickory Credit Union is committed to providing credit union services to its members. Their mission is geared towards facilitating financial needs and promoting financial well-being. By offering various financial products and services, they aim to help individuals and families manage their money effectively. Additionally, they prioritize building strong relationships with their members, ensuring a personalized and supportive experience. Their goal is to create a sense of community and financial empowerment, ultimately contributing to the financial stability of their members.


Official website here: www.ohcu.org

Who is the CEO of Old Hickory Credit Union?

Bonnette Dawson is the Ceo of Old Hickory Credit Union. The CEO's salary of Old Hickory Credit Union is $150,000 and their total compensation is $150,000.


Official website here: www.ohcu.org

What is the revenue of Old Hickory Credit Union?

Old Hickory Credit Union's revenue in 2022 was $14,832,560.


Official website here: www.ohcu.org

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

The average compensation at Old Hickory Credit Union during 2022 was $42,978. There are 103 employees and 3 volunteers at Old Hickory Credit Union.

Here are 12 key members and their salaries (Old Hickory Credit Union's CEO's salary is $150,000 and their total compensation is $150,000):

    Bonnette Dawson (Ceo)
  • Compensation: $150,000
  • Related: $0
  • Other: $0

    • Diane Bass (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Berthold (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Bowers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Branstetter (Investments) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teresa Crosslin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barkley Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherri Ferguson (Assoc. Direc) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vencen Horsley (Fmr. Assoc.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Jennings (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stanley Marshall (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danny Weeks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ohcu.org

    Where can I find the form 990 for Old Hickory Credit Union?

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


    Official website here: www.ohcu.org

    Learn more at the official website: www.ohcu.org

    Mission Statement of Old Hickory Credit Union

    Old Hickory Credit Union is a financial institution dedicated to providing credit union services. In simpler terms, it is a member-owned cooperative that offers its members various financial products and services to help manage and grow their money. The mission of Old Hickory Credit Union is to serve its members by offering them access to financial services and tools that foster financial well-being. The credit union is committed to putting its members' needs first and providing them with personalized services and competitive rates. By pooling their resources together, members of Old Hickory Credit Union can benefit from the collective strength of the cooperative and enjoy the advantages of being part of a financial community. The credit union's member-focused approach empowers individuals to take control of their financial futures, save for their goals, and make sound financial decisions. In essence, Old Hickory Credit Union is more than just a financial institution; it is a cooperative that exists to help its members achieve financial success.

    Impact

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




    Thursday, August 15, 2024

    Old Hickory Credit Union's impact is significant in providing credit union services to the community in Old Hickory, Tennessee. By offering financial products and services tailored to the needs of its members, Old Hickory Credit Union plays a vital role in fostering financial wellness and stability among individuals and families in the area. Through its operations, the credit union contributes to the economic growth and prosperity of the community by promoting responsible financial management and access to affordable credit options for its members.





    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: $700,094
  • Program Service Revenue: $11,996,378
  • Gross Receipts: $14,844,600

    • Assets and Liabilities:
  • Total Assets: $340,319,225
  • Total Liabilities: $315,171,000
  • Net Assets: $25,148,225
  • Programs

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

    INTEREST MEMBER LOANS

    Revenue

    $9,639,434

    ALL OTHER PROGRAM SERVICE REV

    Revenue

    $2,259,399

    NON MEMBER ATM

    Revenue

    $97,545

    Organization Details

    Founding Year

    1959

    Principal Officer

    Bonnette Dawson

    Main Address

    1000 INDUSTRIAL BLVD, OLD HICKORY, TN, 37138

    NTEE Category

    Code: W60 - Public benefit

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