Glatco Credit Union

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

EIN: 232047398 ✦ Spring grove, PA ✦ Designated as a 501(c)(14)

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Overview

What is Glatco Credit Union?

Glatco Credit Union is a community-focused financial institution based in Spring Grove, Pennsylvania. Established with a mission to help people, it offers low-interest loans and various financial products to its members. The credit union's primary objective is to meet the financial needs of its members by providing a wide array of high-quality, affordable financial services and information. Adhering to conservative financial management practices, Glatco Credit Union aims to maintain financial strength and grow while upholding its core philosophy of "people helping people." With a dedicated team of 11 employees, the credit union serves its members with commitment and excellence.


Official website here: www.glatcocu.com

Is Glatco Credit Union legitimate?

Glatco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Glatco 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,426

For more financial information, click here


Official website here: www.glatcocu.com

What is the mission statement of Glatco Credit Union?

Glatco Credit Union's mission is centered around providing excellent service and addressing the financial needs of its members. This is achieved by offering a wide range of high-quality, affordable financial products and services. The credit union adheres to conservative financial management practices, ensuring its financial strength and growth. The foundation of its mission is deeply rooted in the credit union philosophy of "people helping people." Every member of the board of directors, committees, management, and staff shares this objective.


Official website here: www.glatcocu.com

Who is the CEO of Glatco Credit Union?

Brooke Bortner is the Secretary of Glatco Credit Union. The CEO's salary of Glatco Credit Union is $0 and their total compensation is $0.


Official website here: www.glatcocu.com

What is the revenue of Glatco Credit Union?

Glatco Credit Union's revenue in 2022 was $1,133,746.


Official website here: www.glatcocu.com

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

The average compensation at Glatco Credit Union during 2022 was $22,675. There are 11 employees and 8 volunteers at Glatco Credit Union.


Here are 9 key members and their salaries (Glatco Credit Union's CEO's salary is $0 and their total compensation is $0):


Cheryl Brenneman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Fuhrman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Hackett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Ioannidis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Mummert (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Ream-Weigle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wible (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Bortner (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.glatcocu.com

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

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


Official website here: www.glatcocu.com

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

Mission Statement of Glatco Credit Union

Glatco Credit Union, rooted in the philosophy of "people helping people," is dedicated to providing service excellence and meeting the financial needs of its members. The credit union achieves this objective by offering a diverse range of high-quality, low-cost financial products and services. The foundation of this mission is built on conservative financial management practices and financial strength, which serve as the core from which Glatco Credit Union grows and executes its mission. Every member of the board of directors, committees, management, and staff shares this objective, working together to ensure the credit union's success in fulfilling its mission.

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Impact




October, 2024

Glatco Credit Union significantly impacts its community by prioritizing service excellence and addressing the financial needs of its members in Spring Grove, PA. With a commitment to providing a vast array of high-quality financial products and services at low costs, the credit union fosters financial inclusion and empowerment among its members.

Through conservative financial management practices, Glatco Credit Union ensures its stability and growth, allowing it to offer low-interest loans that support members in achieving their financial goals. This focus on affordable financial solutions directly contributes to the well-being of individuals and families, promoting economic growth within the community.

Glatco operates under the guiding philosophy of "people helping people," which drives every decision made by its board, committees, management, and staff. This collective dedication not only enhances member satisfaction but also strengthens the bonds within the community. Ultimately, Glatco Credit Union plays a vital role in creating a supportive financial environment that benefits both its members and the broader public.




This information is meant to be a general summary of Glatco 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
$1,133,746 (2022)
Expenses
$943,979 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $556,174
  • Program Service Revenue: $558,557
  • Gross Receipts: $1,133,746

Assets and Liabilities:

  • Total Assets: $53,420,235
  • Total Liabilities: $47,151,364
  • Net Assets: $6,268,871

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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

$375,465

VISA INTERCHANGE

Revenue

$139,422

OTHER

Revenue

$25,639

FEE INCOME

Revenue

$18,031

Organization Details

Founding Year

1977

Principal Officer

Brooke Bortner

Main Address

53 SOUTH MAIN STREET PO BOX 197, SPRING GROVE, PA, 17362

NTEE Category

Code: W60 - Public benefit

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