Overview
What is Lehigh Valley Educators Credit Union?
Lehigh Valley Educators Credit Union is a nonprofit organization located in Allentown, Pennsylvania, specifically at 3720 Hamilton Blvd, 18103. With a mission to maintain financial stability, they offer more than 8,300 loans to over 16,000 members. This credit union is dedicated to empowering its members, helping them work towards financial success. They operate with a team of 35 employees, ensuring their financial soundness.
Official website here: www.lvecu.org
Is Lehigh Valley Educators Credit Union legitimate?
Lehigh Valley Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lehigh Valley Educators 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: $673,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,161,965
For more financial information, click here
Official website here: www.lvecu.org
What is the mission statement of Lehigh Valley Educators Credit Union?
The Lehigh Valley Educators Credit Union's mission is centered around maintaining financial stability while empowering its members to strive towards their financial goals. By doing so, it provides numerous loans to its over 16,000 members, enabling them to progress financially. The credit union's activities are geared towards fostering financial success and stability among its members.
Official website here: www.lvecu.org
Who is the CEO of Lehigh Valley Educators Credit Union?
Rosemarie Krantz is the Board Chairperson of Lehigh Valley Educators Credit Union. The CEO's salary of Lehigh Valley Educators Credit Union is $171,692 and their total compensation is $293,461.
Official website here: www.lvecu.org
What is the revenue of Lehigh Valley Educators Credit Union?
Lehigh Valley Educators Credit Union's revenue in 2022 was $11,017,714.
Official website here: www.lvecu.org
Who are the executives of Lehigh Valley Educators Credit Union and what are their salaries?
The average compensation at Lehigh Valley Educators Credit Union during 2022 was $52,439. There are 35 employees and 10 volunteers at Lehigh Valley Educators Credit Union.
Here are 14 key members and their salaries (Lehigh Valley Educators Credit Union's CEO's salary is $171,692 and their total compensation is $293,461):
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $171,692
- Related: $0
- Other: $121,769
- Compensation: $98,835
- Related: $0
- Other: $63,305
- Compensation: $109,973
- Related: $0
- Other: $48,885
- Compensation: $54,200
- Related: $0
- Other: $0
Official website here: www.lvecu.org
Where can I find the form 990 for Lehigh Valley Educators Credit Union?
Lehigh Valley Educators Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lvecu.org
Learn more at the official website: www.lvecu.org
Mission Statement of Lehigh Valley Educators Credit Union
Lehigh Valley Educators Credit Union is committed to maintaining financial stability while empowering its members to work towards their own financial success. This mission is at the heart of the credit union's operations, aiming to provide its members with the necessary tools and resources to achieve financial well-being. By offering more than 8,300 loans to over 16,000 members, Lehigh Valley Educators Credit Union demonstrates its dedication to supporting its members in their financial journeys. The credit union's mission is not just about offering loans but about empowering its members to take control of their financial future, fostering a sense of financial independence and security.
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Impact
October, 2024
Lehigh Valley Educators Credit Union plays a significant role in the financial well-being of its community by offering a wide range of financial services tailored to empower its members. With over 8,300 loans provided to more than 16,000 members, the credit union fosters financial stability and growth among individuals and families in Allentown, PA. By focusing on maintaining financial soundness while supporting members in their pursuit of financial success, the credit union enhances the overall economic health of the community. Its commitment to public benefit reflects a dedication to improving the financial literacy and capabilities of its members, enabling them to achieve their financial goals and navigate challenges effectively.
This information is meant to be a general summary of Lehigh Valley Educators 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,394,816
- Program Service Revenue: $6,489,861
- Gross Receipts: $68,225,875
Assets and Liabilities:
- Total Assets: $400,823,762
- Total Liabilities: $361,411,200
- Net Assets: $39,412,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$4,780,858
PLASTIC CARD INCOME
Revenue
$1,233,713
FEE INCOME
Revenue
$473,328
NON MEMBER ATM INCOME
Revenue
$1,962
Organization Details
Founding Year
1934
Phone
(610) 820-0145Principal Officer
Rosemarie Krantz
Main Address
3720 HAMILTON BLVD, ALLENTOWN, PA, 18103
Website
www.lvecu.orgNTEE Category
Code: W60 - Public benefit
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