Erie County Employees Credit Union

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

EIN: 160769914 ✦ Buffalo, NY ✦ Designated as a 501(c)(14)

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Overview

What is Erie County Employees Credit Union?

Erie County Employees Credit Union is a state-chartered financial institution located at 95 Franklin Street STE 111, Buffalo, New York 14202. This nonprofit organization primarily offers financial services to its members, including loans, savings, checking, and debit card services. All of its operations revolve around providing these financial services, generating both revenue and expenses in the process. As a credit union, its mission is to serve its members by offering loan, savings, and related financial services. With a team of eight dedicated individuals, Erie County Employees Credit Union aims to enhance the financial well-being of its members.


Official website here: www.eriecountycreditunion.net

Is Erie County Employees Credit Union legitimate?

Erie County Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Erie County Employees 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $70,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,960

For more financial information, click here


Official website here: www.eriecountycreditunion.net

What is the mission statement of Erie County Employees Credit Union?

Erie County Employees Credit Union, being a state-chartered institution, is committed to serving its members by providing a range of financial services. This includes offering loans, savings, checking, and debit card services. The organization's primary goal is to utilize all its revenue and expenses in the provision of these financial services to its members. In essence, Erie County Employees Credit Union exists to assist its members in managing their finances effectively.


Official website here: www.eriecountycreditunion.net

Who is the CEO of Erie County Employees Credit Union?

Joseph Surdyk is the Treasurer of Erie County Employees Credit Union.


Official website here: www.eriecountycreditunion.net

What is the revenue of Erie County Employees Credit Union?

Erie County Employees Credit Union's revenue in 2022 was $870,751.


Official website here: www.eriecountycreditunion.net

Who are the executives of Erie County Employees Credit Union and what are their salaries?

The average compensation at Erie County Employees Credit Union during 2022 was $36,730. There are 8 employees at Erie County Employees Credit Union.


Here are 10 key members and their salaries:


Kristy Drew-Gabioud (Manager)
  • Compensation: $70,879
  • Related: $0
  • Other: $9,469
Walter Sienkiewicz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Sullivan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony House (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Hicks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Surdyk (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Owens (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Young (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kinda (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eriecountycreditunion.net

Where can I find the form 990 for Erie County Employees Credit Union?

Erie County Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.eriecountycreditunion.net

Learn more at the official website: www.eriecountycreditunion.net

Mission Statement of Erie County Employees Credit Union

Erie County Employees Credit Union, as a state-chartered organization, is dedicated to offering loan, savings, and related financial services to its members. This credit union's mission is centered around providing its members with various financial solutions to meet their needs. The organization's activities are exclusively focused on generating revenue and managing expenses in order to deliver these financial services effectively. In essence, Erie County Employees Credit Union serves as a financial partner to its members, offering loans, savings, checking, and debit card services to help them manage their finances.

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Impact




October, 2024

Erie County Employees Credit Union significantly impacts its members and the community by offering a range of financial services tailored specifically for them. As a state-chartered credit union based in Buffalo, NY, it provides essential services such as loans, savings accounts, checking accounts, and debit cards. These offerings enable members to achieve their financial goals, access affordable credit, and promote savings habits.

The credit union's model prioritizes the needs of its members, ensuring that all revenue generated is reinvested into enhancing the services provided. This focus on member-centric operations fosters financial stability and empowers individuals to make informed financial choices. By promoting responsible lending and savings practices, Erie County Employees Credit Union also contributes to the overall economic health of the community, making a positive impact on the lives of its members and the broader region.




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


Financials

This financial information is from Propublica.

Revenue
$870,751 (2022)
Expenses
$722,163 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $257,263
  • Program Service Revenue: $613,488
  • Gross Receipts: $1,216,751

Assets and Liabilities:

  • Total Assets: $31,939,315
  • Total Liabilities: $28,169,937
  • Net Assets: $3,769,378

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Programs

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

INTEREST ON LOANS

Revenue

$613,488

Organization Details

Founding Year

1940

Principal Officer

Joseph Surdyk

Main Address

95 FRANKLIN STREET STE 111, BUFFALO, NY, 14202

NTEE Category

Code: W60 - Public benefit

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