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Gold Credit Union

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

EIN: 230937747 ✦ Saint joseph, MI ✦ Designated as a 501(c)(14)

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Overview

What is Gold Credit Union?

Gold Credit Union is a member-focused financial institution with a mission to empower individuals to achieve their personal financial success. Serving approximately 8,300 members, the credit union offers a range of financial services, including loans to over 8,900 members. Gold Credit Union prioritizes its members' best interests, listening attentively, providing sound advice, and acting with purpose. The organization is deeply committed to serving the individual, its dedicated team, and the community at large.


Official website here: www.goldcu.org

Is Gold Credit Union legitimate?

Gold Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gold 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: $923,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,023,417

For more financial information, click here


Official website here: www.goldcu.org

What is the mission statement of Gold Credit Union?

Gold Credit Union's mission is centered around empowering its members to achieve their own definition of financial success. They achieve this by listening attentively to their members' needs, offering earnest advice, and acting with purpose, always keeping their members' best interests at heart. Gold Credit Union is committed to serving both its individual members and its trusted team, as well as contributing to the well-being of the community surrounding it. They provide various financial services, helping a total of 8,296 members and offering loans to 8,926 of them.


Official website here: www.goldcu.org

Who is the CEO of Gold Credit Union?

Cheryl Bartholomew is the CEO of Gold Credit Union The CEO's salary of Gold Credit Union is $751,405 and their total compensation is $795,180.


Official website here: www.goldcu.org

What is the revenue of Gold Credit Union?

Gold Credit Union's revenue in 2024 was $1,613,084.


Official website here: www.goldcu.org

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

The average compensation at Gold Credit Union during 2024 was $58,988. There are 33 employees and 20 volunteers at Gold Credit Union.

Here are 12 key members and their salaries (Gold Credit Union's CEO's salary is $751,405 and their total compensation is $795,180):


Barrie Forbes (Board Treasurer)
  • Compensation: $1,605
  • Related: $0
  • Other: $0
Daniel J Moffitt (Board Secretary)
  • Compensation: $60
  • Related: $0
  • Other: $0
Marci Haydt (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Campbell (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie J Solomon (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Khue Tran (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Schick (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Henry (Board Chair)
  • Compensation: $60
  • Related: $0
  • Other: $0
Melissa Michael (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Bartholomew (President & Ceo)
  • Compensation: $751,405
  • Related: $0
  • Other: $43,775
Donna L Fogel (Cfo)
  • Compensation: $62,659
  • Related: $0
  • Other: $9,607
Jennifer Gora (Cco)
  • Compensation: $41,928
  • Related: $0
  • Other: $13,805


Official website here: www.goldcu.org

Where can I find the form 990 for Gold Credit Union?

Gold Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.goldcu.org

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

Mission Statement of Gold Credit Union

Gold Credit Union, in its mission, strives to empower its members to achieve their unique definitions of financial success. By listening attentively, offering earnest advice, and acting with purpose, the credit union prioritizes its members' best interests. Gold Credit Union is committed to serving its individual members, its trusted team, and the community as a whole. This dedication to service extends to providing various financial services, including loans, with a focus on putting the needs and aspirations of its members at the forefront.

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Impact




October, 2024

Gold Credit Union significantly impacts its community by empowering members to achieve personal financial success. With a commitment to understanding and addressing the unique financial goals of each member, the organization actively listens, provides tailored advice, and takes purposeful actions to support their financial journeys.

Serving 8,296 members, Gold Credit Union facilitates access to financial resources and education, which is evident in the 2,653 loans provided to individuals seeking various forms of financial assistance. This approach not only enhances individual financial wellbeing but also strengthens the economic fabric of the Allentown, PA community.

By prioritizing the best interests of their members and emphasizing dedicated service, Gold Credit Union fosters trust and builds lasting relationships with its member base. Ultimately, the credit union's efforts contribute positively to both personal financial success and community development, making a meaningful difference in the lives of its members and the surrounding area.




This information is meant to be a general summary of Gold 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
$1,613,084 (2024)
Expenses
$3,385,931 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $187,297
  • Program Service Revenue: $1,425,787
  • Gross Receipts: $1,613,084

Assets and Liabilities:

  • Total Assets: $155,869,853
  • Total Liabilities: $144,729,359
  • Net Assets: $11,140,494

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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

$1,290,600

OTHER INCOME AND FEES

Revenue

$70,232

CARD INCOME

Revenue

$64,955

Organization Details

Founding Year

1937

Principal Officer

Cheryl Bartholomew

NTEE Category

Code: W61 - Public benefit

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