Reading Berks School Employees Credit Union

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

EIN: 231332297 ✦ Reading, PA ✦ Designated as a 501(c)(14)

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Overview

What is Reading Berks School Employees Credit Union?

Reading Berks School Employees Credit Union is a small, nonprofit financial institution located at 4641 Pottsville Pike, Reading, PA 19605. With a team of five dedicated individuals, their primary mission is to offer competitive savings dividends to its members. Furthermore, the credit union provides its members with low-interest loans, ensuring affordable financial assistance when needed. This nonprofit organization caters exclusively to the employees of schools within the Berks County area, offering financial services tailored to their unique needs.


Official website here: www.rbsecu.com

Is Reading Berks School Employees Credit Union legitimate?

Reading Berks School Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Reading Berks School 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: $160,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rbsecu.com

What is the mission statement of Reading Berks School Employees Credit Union?

The Reading Berks School Employees Credit Union's mission is centered around serving its members. One of its primary objectives is to offer competitive dividends on saving accounts, ensuring members can benefit financially. Additionally, the credit union provides loans to its members at competitive or even lower interest rates, making it an attractive option for borrowing needs. In essence, the credit union aims to enhance the financial well-being of its members through these financial services.


Official website here: www.rbsecu.com

Who is the CEO of Reading Berks School Employees Credit Union?

Steven Harris is the President Treasurer of Reading Berks School Employees Credit Union.


Official website here: www.rbsecu.com

What is the revenue of Reading Berks School Employees Credit Union?

Reading Berks School Employees Credit Union's revenue in 2022 was $336,982.


Official website here: www.rbsecu.com

Who are the executives of Reading Berks School Employees Credit Union and what are their salaries?

The average compensation at Reading Berks School Employees Credit Union during 2022 was $32,048. There are 5 employees at Reading Berks School Employees Credit Union.


Here are 9 key members and their salaries:


Steven L Harris (President Treasurer)
  • Compensation: $48,960
  • Related: $0
  • Other: $0
Shirley J Nuss (Vice President)
  • Compensation: $35,869
  • Related: $0
  • Other: $0
Patricia A Sands (Board Member)
  • Compensation: $35,869
  • Related: $0
  • Other: $0
Marilyn Seiders (Secretary)
  • Compensation: $35,869
  • Related: $0
  • Other: $0
John C Boyer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Gattone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Gattone (Board Members)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Godek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Godek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rbsecu.com

Where can I find the form 990 for Reading Berks School Employees Credit Union?

Reading Berks School Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rbsecu.com

Learn more at the official website: www.rbsecu.com

Mission Statement of Reading Berks School Employees Credit Union

Reading Berks School Employees Credit Union is dedicated to serving its members by offering competitive dividends on their savings accounts and providing loans at competitive or lower interest rates. In essence, the credit union aims to return value to its members through attractive savings returns and cost-effective borrowing opportunities. By doing so, it seeks to build a strong financial foundation for its members, empowering them to achieve their financial goals.

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Impact




October, 2024

Reading Berks School Employees Credit Union significantly impacts its members by offering low-interest loans and competitive dividends on savings accounts. This ensures that members can access affordable financing options while also earning a fair return on their savings. By prioritizing the financial well-being of its members, the credit union fosters economic stability and empowerment within the community. Members benefit from lower borrowing costs, enabling them to achieve personal and financial goals while also enjoying the advantages of earning competitive dividends on their saved funds. This approach not only strengthens individual financial health but also contributes to a more vibrant local economy in Reading, PA.




This information is meant to be a general summary of Reading Berks School 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
$336,982 (2022)
Expenses
$357,192 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $336,982
  • Gross Receipts: $336,982

Assets and Liabilities:

  • Total Assets: $18,780,055
  • Total Liabilities: -$1,423
  • Net Assets: $18,781,478

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Organization Details

Founding Year

1944

Principal Officer

Steven Harris

Main Address

4641 Pottsville Pike, READING, PA, 19605

NTEE Category

Code: W60 - Public benefit

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