Overview
What is 1st Ed Credit Union?
1st Ed Credit Union is a member-driven financial institution located in Chambersburg, Pennsylvania. Serving educational employees and their families in five counties, its primary mission is to provide high-quality and diverse financial services. The credit union aims to attend to its members' financial needs with a personal touch, while maintaining financial stability and fostering continued growth. Its operations are rooted in the cooperative principles of savings, credit, and democratic control, as outlined by Act No. 260 of 1993 or Act No. 283 of 1961. Currently, the credit union employs 35 individuals.
Official website here: www.1edcu.org
What do the Facebook reviews say about 1st Ed Credit Union?
100% of 22 reviewers on Facebook recommend 1st Ed Credit Union. Here is a summary of their reviews:
The overwhelming sentiment reflects a strong community focus, particularly highlighted by the enjoyable activities organized for families, such as visits with Santa. This suggests that the organization prioritizes creating engaging experiences for its members, especially children.
Overall, customers express a high level of satisfaction with their experiences, indicating that 1st Ed Credit Union is successful in delivering a welcoming and supportive environment for families.
This AI summary has been generated from reviews found on Facebook.
Is 1st Ed Credit Union legitimate?
1st Ed Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Ed 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: $192,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $838,391
For more financial information, click here
Official website here: www.1edcu.org
What is the mission statement of 1st Ed Credit Union?
1st Ed Credit Union is a member-led financial institution, serving the educational community and their families across Adams, Cumberland, Franklin, Fulton, and York counties. Its primary mission is to offer quality and diverse financial services to its members, providing them with personalized attention to meet their financial needs. The credit union's goal is to maintain financial stability while continuously growing, ensuring it remains a reliable source of credit for its members at reasonable interest rates. By doing so, 1st Ed Credit Union aims to contribute to the economic and social improvement of its members.
Official website here: www.1edcu.org
Who is the CEO of 1st Ed Credit Union?
Roy Johnston is the President of 1st Ed Credit Union. The CEO's salary of 1st Ed Credit Union is $108,031 and their total compensation is $108,031.
Official website here: www.1edcu.org
What is the revenue of 1st Ed Credit Union?
1st Ed Credit Union's revenue in 2022 was $3,981,740.
Official website here: www.1edcu.org
Who are the executives of 1st Ed Credit Union and what are their salaries?
The average compensation at 1st Ed Credit Union during 2022 was $29,467. There are 35 employees and 10 volunteers at 1st Ed Credit Union.
Here are 12 key members and their salaries (1st Ed Credit Union's CEO's salary is $108,031 and their total compensation is $108,031):
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- Compensation: $108,031
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- Compensation: $84,933
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- Other: $0
Official website here: www.1edcu.org
Where can I find the form 990 for 1st Ed Credit Union?
1st Ed Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1edcu.org
Learn more at the official website: www.1edcu.org
Mission Statement of 1st Ed Credit Union
1st Ed Credit Union, as a member-owned financial institution, is dedicated to serving school employees and their families residing in Adams, Cumberland, Franklin, Fulton, and York Counties. Its primary mission is to offer its members high-quality and diverse financial services, while providing them with personal attention to cater to their unique financial needs. The credit union strives for continuous growth and maintains financial stability, ensuring that it remains a reliable and trusted financial partner for its members. By promoting savings among its members and providing affordable credit at reasonable rates, 1st Ed Credit Union aims to help its members improve their economic and social conditions on a democratic basis.
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Impact
October, 2024
1st Ed Credit Union plays a vital role in enhancing the economic and social well-being of its members, primarily focusing on school employees and their families in Adams, Cumberland, Franklin, Fulton, and York Counties. By promoting saving and providing accessible credit at reasonable rates, the credit union fosters a culture of thrift and financial responsibility among its members.
The institution prioritizes personal attention to the financial needs of its members, offering quality and diverse services tailored to their unique circumstances. This member-owned approach ensures that individuals have a direct influence over their financial institution, allowing for collective decision-making that strengthens community ties.
1st Ed Credit Union not only aims for continued growth but also maintains financial stability, which contributes to a secure economic environment for its members. By empowering individuals to take control of their finances, the credit union helps improve the overall quality of life within the community it serves, ultimately creating a positive impact on both individual and collective prosperity.
This information is meant to be a general summary of 1st Ed 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: $986,665
- Program Service Revenue: $2,003,293
- Gross Receipts: $9,728,684
Assets and Liabilities:
- Total Assets: $125,306,679
- Total Liabilities: $111,836,618
- Net Assets: $13,470,061
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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
$2,003,293
Organization Details
Founding Year
1933
Phone
(717) 264-6506Principal Officer
Roy Johnston
Main Address
1156 KENNEBEC DRIVE, CHAMBERSBURG, PA, 17201
Website
www.1edcu.orgNTEE Category
Code: W60 - Public benefit
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