Overview
What is Affiliated Trades Credit Union?
Affiliated Trades Credit Union, located in Collegeville, Pennsylvania, is a nonprofit financial institution that caters to members associated with IBEW LU 98 North and retired members of IBEW LU 380, along with their families. Offering low-interest loans, they disbursed a total of $5.98 million to their membership in 2022. Currently, they have outstanding loans amounting to $14.035 million, with an average yield of 4.372%. The mission of this credit union is to provide affordable financial services to its members, ensuring financial well-being for the community it serves. Employing a small workforce of 4 individuals, Affiliated Trades Credit Union remains committed to its members' financial needs.
Official website here: www.affiliatedtradescu.org
Is Affiliated Trades Credit Union legitimate?
Affiliated Trades Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Affiliated Trades 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: $171,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,432
For more financial information, click here
Official website here: www.affiliatedtradescu.org
What is the mission statement of Affiliated Trades Credit Union?
Affiliated Trades Credit Union is committed to offering affordable financial services to the members of IBEW LU 98 North, retired members of IBEW LU 380, and their families. Their primary objective is to provide low-interest loans to these individuals. In 2022, they extended a total of $5.98 million in loans to their membership. Currently, they have outstanding loans worth $14.035 million, with an average yield of 4.372%. The credit union's mission is centered around providing financial assistance to its member base.
Official website here: www.affiliatedtradescu.org
Who is the CEO of Affiliated Trades Credit Union?
Brian Bischof is the Ceo of Affiliated Trades Credit Union. The CEO's salary of Affiliated Trades Credit Union is $108,940 and their total compensation is $138,964.
Official website here: www.affiliatedtradescu.org
What is the revenue of Affiliated Trades Credit Union?
Affiliated Trades Credit Union's revenue in 2022 was $971,068.
Official website here: www.affiliatedtradescu.org
Who are the executives of Affiliated Trades Credit Union and what are their salaries?
The average compensation at Affiliated Trades Credit Union during 2022 was $77,478. There are 4 employees and 5 volunteers at Affiliated Trades Credit Union.
Here are 6 key members and their salaries (Affiliated Trades Credit Union's CEO's salary is $108,940 and their total compensation is $138,964):
- Compensation: $108,940
- Related: $0
- Other: $30,024
- Compensation: $29,294
- Related: $0
- Other: $3,222
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.affiliatedtradescu.org
Where can I find the form 990 for Affiliated Trades Credit Union?
Affiliated Trades Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affiliatedtradescu.org
Learn more at the official website: www.affiliatedtradescu.org
Mission Statement of Affiliated Trades Credit Union
Affiliated Trades Credit Union is committed to providing affordable financial services to its members, primarily consisting of individuals affiliated with IBEW LU 98 North and retired members of IBEW LU 380, as well as their families. The organization's mission is centered around offering low-interest loans to its membership base. In 2022 alone, they extended a total of $5.98 million in loans to their members. As of now, they have an outstanding loan portfolio of $14.035 million, with an average yield of 4.372%. This underscores Affiliated Trades Credit Union's dedication to offering financially favorable terms to its members.
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Impact
October, 2024
Affiliated Trades Credit Union plays a vital role in enhancing the financial well-being of its members, specifically individuals associated with IBEW LU 98 North, retired members of IBEW LU 380, and their families in Collegeville, PA. By providing low-cost financial services and low-interest loans, the credit union fosters economic stability and growth within the community.
In 2022, Affiliated Trades Credit Union loaned an impressive total of $5.98 million to its members, highlighting its commitment to meeting their financial needs. With outstanding loans totaling $14.035 million at an average yield of 4.372%, the credit union not only supports its members but also helps them manage their finances more effectively. This access to affordable credit empowers members to invest in various aspects of their lives, from education and home purchases to unexpected expenses, thereby fostering a stronger, more resilient community.
Overall, Affiliated Trades Credit Union's impact is significant, providing essential financial resources that contribute to the overall welfare and economic strength of its membership base.
This information is meant to be a general summary of Affiliated Trades 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: $278,955
- Program Service Revenue: $599,969
- Gross Receipts: $971,068
Assets and Liabilities:
- Total Assets: $36,040,377
- Total Liabilities: $71,472
- Net Assets: $35,968,905
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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
$542,919
Fees and Charges
Revenue
$55,933
Credit Disability/Life Insurance Reimbursement
Revenue
$622
GAP Insurance Income
Revenue
$315
Organization Details
Founding Year
1974
Phone
(610) 489-0161Principal Officer
Brian Bischof
Main Address
3900 Ridge Pike, Collegeville, PA, 19426
Website
www.affiliatedtradescu.orgNTEE Category
Code: W60 - Public benefit
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