Overview
What is Utilities Employees Credit Union?
Utilities Employees Credit Union is a member-owned, not-for-profit financial cooperative based in Reading, Pennsylvania. Established with the goal of promoting thrift and creating a source of credit for its members at reasonable rates, UECU offers various financial services. With a mission to provide credit, savings, and other financial opportunities for its members, this credit union strives to improve their economic and social conditions. Currently, UECU employs 106 individuals who work diligently to ensure the success and growth of this cooperative financial institution.
Official website here: www.uecu.org
Is Utilities Employees Credit Union legitimate?
Utilities Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Utilities 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: $2,994,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,373,476
For more financial information, click here
Official website here: www.uecu.org
What is the mission statement of Utilities Employees Credit Union?
Utilities Employees Credit Union functions as a not-for-profit cooperative financial institution, owned and managed by its members. Its primary purpose is to encourage savings among its members while providing affordable credit and various financial services. Credit unions, like Utilities Employees Credit Union, were established to promote thrift and create a source of credit for members at reasonable interest rates. The democratic nature of credit unions allows members to collectively control their financial resources, aiming to enhance their economic and social conditions.
Official website here: www.uecu.org
Who is the CEO of Utilities Employees Credit Union?
Bret Krevolin is the President/Ceo of Utilities Employees Credit Union. The CEO's salary of Utilities Employees Credit Union is $1,083,256 and their total compensation is $1,127,360.
Official website here: www.uecu.org
What is the revenue of Utilities Employees Credit Union?
Utilities Employees Credit Union's revenue in 2022 was $39,066,819.
Official website here: www.uecu.org
Who are the executives of Utilities Employees Credit Union and what are their salaries?
The average compensation at Utilities Employees Credit Union during 2022 was $88,373. There are 106 employees at Utilities Employees Credit Union.
Here are 22 key members and their salaries (Utilities Employees Credit Union's CEO's salary is $1,083,256 and their total compensation is $1,127,360):
- Compensation: $1,083,256
- Related: $0
- Other: $44,104
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $9,500
- Related: $0
- Other: $0
- Compensation: $292,769
- Related: $0
- Other: $32,761
- Compensation: $153,968
- Related: $0
- Other: -$45,199
- Compensation: $262,778
- Related: $0
- Other: $32,747
- Compensation: $239,422
- Related: $0
- Other: $13,939
- Compensation: $239,948
- Related: $0
- Other: $31,331
- Compensation: $156,513
- Related: $0
- Other: $27,761
- Compensation: $208,032
- Related: $0
- Other: -$41,182
- Compensation: $149,477
- Related: $0
- Other: -$55,138
- Compensation: $154,169
- Related: $0
- Other: -$22,027
- Compensation: $145,645
- Related: $0
- Other: -$35,120
- Compensation: $127,730
- Related: $0
- Other: $29,658
- Compensation: $132,541
- Related: $0
- Other: $17,826
Official website here: www.uecu.org
Where can I find the form 990 for Utilities Employees Credit Union?
Utilities Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uecu.org
Learn more at the official website: www.uecu.org
Mission Statement of Utilities Employees Credit Union
Utilities Employees Credit Union (UECU), a not-for-profit cooperative financial institution, is dedicated to promoting thrift and providing affordable credit and financial services to its members. Owned and operated by its members, UECU's primary objective is to create a source of credit for its members at reasonable rates and offer a democratic platform for them to manage their own money. Credit unions, such as UECU, are savings and credit associations formed with the purpose of encouraging thrift and providing credit opportunities to their members, thereby improving their economic and social conditions.
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Impact
October, 2024
Utilities Employees Credit Union (UECU) significantly impacts its members and the community through its commitment to promoting thrift and providing accessible credit at reasonable rates. As a cooperative financial institution, UECU empowers its members by allowing them to control their finances democratically, fostering a sense of community and shared purpose. This operational model not only enhances individual economic conditions but also supports broader social well-being by enabling members to make informed financial decisions.
By offering a range of financial services tailored to meet the unique needs of its members, UECU helps improve financial literacy and stability within the community. Its focus on reasonable interest rates makes borrowing more affordable, encouraging members to invest in their futures, whether that means buying homes, funding education, or starting businesses. Overall, UECU plays a vital role in strengthening the economic fabric of Reading, PA, while promoting a culture of thrift and mutual support among utility employees and their families.
This information is meant to be a general summary of Utilities 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,119,359
- Program Service Revenue: $25,595,750
- Gross Receipts: $43,117,381
Assets and Liabilities:
- Total Assets: $1,302,494,808
- Total Liabilities: $1,183,288,386
- Net Assets: $119,206,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$20,370,453
DEBIT AND CREDIT CARD INTERCHANGE
Revenue
$2,370,764
FEES & CHARGES
Revenue
$2,310,672
RETAIL AND BROKERAGE INCOME
Revenue
$543,861
Organization Details
Founding Year
1934
Phone
(610) 927-4000Principal Officer
Bret Krevolin
Main Address
PO BOX 14864, READING, PA, 19612
Website
www.uecu.orgNTEE Category
Code: W60 - Public benefit
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