Allvac Savings And Credit Union

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

EIN: 237011017 ✦ Monroe, NC ✦ Designated as a 501(c)(14)

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Overview

What is Allvac Savings And Credit Union?

Allvac Savings and Credit Union is a nonprofit organization established in 1964, primarily to offer benefits to the employees of Allvac and their immediate family members. The credit union's mission extends beyond this initial purpose, aiming to serve its membership with exceptional services and competitive rates. It achieves this by utilizing the profits earned from fees and loans. The organization is led by Joy Page, who operates from Monroe, NC. Allvac Savings and Credit Union's main goal is to provide its members with the best possible financial assistance, ensuring they can make the most of their finances.


Official website here: www.allvaccu.com

Is Allvac Savings And Credit Union legitimate?

Allvac Savings And Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Allvac Savings And 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: $52,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,275

For more financial information, click here


Official website here: www.allvaccu.com

What is the mission statement of Allvac Savings And Credit Union?

Allvac Savings and Credit Union, established in 1964, initially aimed to offer benefits to the employees of Allvac and their immediate family members. The credit union's ongoing mission is to serve its members effectively, striving to provide superior services and competitive rates. This is achieved by utilizing the earnings generated from membership fees and loan transactions.


Official website here: www.allvaccu.com

Who is the CEO of Allvac Savings And Credit Union?

Joy Page is the Manager of Allvac Savings And Credit Union.


Official website here: www.allvaccu.com

What is the revenue of Allvac Savings And Credit Union?

Allvac Savings And Credit Union's revenue in 2022 was $374,915.


Official website here: www.allvaccu.com

Who are the executives of Allvac Savings And Credit Union and what are their salaries?

The average compensation at Allvac Savings And Credit Union during 2022 was $48,666. There are 3 employees at Allvac Savings And Credit Union.


Here are 8 key members and their salaries:


Joy Page (Manager)
  • Compensation: $52,723
  • Related: $0
  • Other: $0
Ronald Howie (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Ferguson (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Leckey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Bethea (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Simpson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Cole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Edwards (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.allvaccu.com

Where can I find the form 990 for Allvac Savings And Credit Union?

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


Official website here: www.allvaccu.com

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

Mission Statement of Allvac Savings And Credit Union

Allvac Savings and Credit Union, established in 1964, was initially created to offer benefits to the employees of Allvac and their immediate family members. The credit union's ongoing mission remains to serve its membership effectively by providing superior services and competitive rates. Utilizing the income generated from fees and loans, Allvac Savings and Credit Union strives to deliver the best possible experience to its members, ensuring their financial well-being. The credit union's operations are currently overseen by Joy Page.

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Impact




October, 2024

Allvac Savings and Credit Union has made a significant impact since its establishment in 1964, providing valuable financial services specifically designed for the employees of Allvac and their immediate family members. By focusing on offering competitive rates and comprehensive services, the credit union plays a crucial role in enhancing the financial well-being of its members in Monroe, NC.

The institution leverages profits generated from fees and loans to continually improve and expand its services, ensuring that members have access to affordable financial solutions. This commitment not only supports individual financial stability but also fosters a sense of community among members, as they benefit from being part of a supportive financial network tailored to their unique needs. Under the guidance of Joy Page, Allvac Savings and Credit Union remains dedicated to serving its membership with integrity and excellence, ultimately contributing to the overall economic vitality of the region.




This information is meant to be a general summary of Allvac Savings And 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
$374,915 (2022)
Expenses
$340,885 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $39,204
  • Program Service Revenue: $291,205
  • Gross Receipts: $374,915

Assets and Liabilities:

  • Total Assets: $7,955,280
  • Total Liabilities: $6,709,175
  • Net Assets: $1,246,105

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCOME FROM LOANS

Revenue

$219,678

FEES AND CHARGES

Revenue

$71,527

Organization Details

Founding Year

1964

Principal Officer

Joy Page

Main Address

PO BOX 5030, MONROE, NC, 28111

NTEE Category

Code: W60 - Public benefit

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