Greater Kentucky Credit Union Inc

Organization Overview

Greater Kentucky Credit Union Inc is located in Lexington, KY. The organization was established in 1959. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Greater Kentucky Credit Union Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Kentucky Credit Union Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Greater Kentucky Credit Union Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE ARE A TAX EXEMPT CREDIT UNION PROVIDING SHARE AND LOAN SERVICES TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE ARE A CO-OP FINANCIAL INSTITUTION THAT PROMOTES THRIFT AND GOOD USE OF CREDIT. WE PAID $637,944 IN DIVIDENDS AND COLLECTED $4,686,796 IN INTEREST INCOME, INVESTMENT INCOME AND FEES


CREDIT UNION HAS BRANCHES THAT ARE NECESSARY TO OPERATE AND CONDUCT BUSINESS.


PROVISION FOR LOAN AND LEASE LOSS


ALL OTHER OPERATING EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Debbie Pyle
Exec Director/ceo
$249,955
Julie Logan
Vice President
$86,658
Daniel Stadnyk
Executive Vice President
$81,750
Linda Baughman
Vice President Of Lending
$72,964
Ken Hadley
Chairman
$0
Bill Spears
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,159,535
Investment income $527,262
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,288,547

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