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EIN 62-0695369

Memorial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
6
City
Chattanooga
State
Tennessee
Year formed
1960
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Memorial Credit Union offers a range of services to around 2500 members, including loans, term certificates, share draft accounts, and savings accounts. The credit union follows the traditional philosophy of helping members make informed financial and savings decisions.
Related structure
Memorial Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Tennessee / State of Tn-Dept of Financial Insti.
Total revenues
$326,694
2022
Total expenses
$427,706
2022
Total assets
$8,214,571
2022
Num. employees
6
2022

Program areas at Memorial Credit Union

Page 2 part iii line 4a - Memorial cu conforms to traditional cu philosophy by assisting members in making wise financial decisions and stable savings decisions

Personnel at Memorial Credit Union

NameTitleCompensation
Jennifer L FerrisChief Executive Officer$75,000
Carol UnderwoodPast Chief Executive Officer$68,256
Kathryn DavisTreasurer$0
Terry TaggartChairman$0
David DiercksSecretary$0
...and 3 more key personnel

Financials for Memorial Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$69,368
Program services$0
Investment income and dividends$39,712
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$217,614
Total revenues$326,694

Form 990s for Memorial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-20990View PDF
2021-122022-04-21990View PDF
2020-122021-04-21990View PDF
2019-122020-09-11990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 15, 2023
Updated personnel
Identified 1 new personnel
July 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 2, 2022
Used new vendors
Identified 1 new vendor, including
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
6800 Longview Rd
Chattanooga, TN 37421
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
memorialcreditunion.com/ 
Phone
(423) 855-1770
IRS details
EIN
62-0695369
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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