Overview
What is Guco Credit Union?
Guco Credit Union, located at 523 Evans Street, Greenville, NC 27858, is a nonprofit financial institution that operates on a cooperative model. Its primary mission is to serve its members by providing them with reasonably priced deposit accounts and loans. As a not-for-profit organization, the credit union aims to benefit its members rather than generate profit for shareholders. With a modest workforce of two employees, Guco Credit Union continues to uphold its commitment to financial accessibility and affordability for its member-owners.
Is Guco Credit Union legitimate?
Guco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Guco 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: $140,920
For more financial information, click here
What is the mission statement of Guco Credit Union?
Guco Credit Union, as a not-for-profit financial cooperative, is dedicated to serving its members by providing reasonably priced deposit accounts and loans. Its mission is to operate as a cooperative, ensuring that its operations are primarily focused on benefiting its members rather than generating profit. By offering competitive rates, Guco Credit Union aims to assist its members in managing their financial needs effectively.
Who is the CEO of Guco Credit Union?
Tony L Smart is the President of Guco Credit Union.
What is the revenue of Guco Credit Union?
Guco Credit Union's revenue in 2022 was $353,214.
Who are the executives of Guco Credit Union and what are their salaries?
The average compensation at Guco Credit Union during 2022 was $70,460. There are 2 employees and 8 volunteers at Guco Credit Union.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Guco Credit Union?
Guco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Guco Credit Union
Guco Credit Union, as a not-for-profit financial cooperative, is committed to serving its members by providing them with deposit accounts and loans at reasonable rates. This mission-driven institution operates on a principal of cooperation among its members, ensuring that each member benefits from the collective financial strength of the group. By offering competitive interest rates and reasonable fees, Guco Credit Union aims to empower its members, helping them manage their finances effectively and affordably. The cooperative's mission is to foster financial well-being within its community, demonstrating a dedication to its members' financial success.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Guco Credit Union plays a significant role in the Greenville, NC community by providing accessible financial services to its members. By offering deposit accounts and loans at reasonable rates, it empowers individuals and families to manage their finances effectively. This financial cooperative fosters a sense of community by prioritizing the needs of its members over profit, ensuring that everyone has the opportunity to achieve financial stability and growth. The impact of Guco Credit Union extends beyond banking; it contributes to the local economy by supporting members’ personal and business financial goals, ultimately enhancing the overall quality of life in the region.
This information is meant to be a general summary of Guco 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: $54,655
- Program Service Revenue: $298,559
- Gross Receipts: $353,214
Assets and Liabilities:
- Total Assets: $12,976,273
- Total Liabilities: $11,169,099
- Net Assets: $1,807,174
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$278,836
Other Operating Income
Revenue
$11,522
Other Non-Operating Income
Revenue
$8,201
Organization Details
Founding Year
1970
Phone
(252) 551-1599Principal Officer
Tony L Smart
Main Address
523 Evans Street, Greenville, NC, 27858
NTEE Category
Code: W60 - Public benefit
If you are a representative of Guco Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.