Overview
What is Knoll Employees Credit Union?
Knoll Employees Credit Union is a financial institution situated at 1235 Water St, East Greenville, PA 18041. With a team of three dedicated individuals, this credit union serves its members by offering competitive savings and personal loan programs. As of December 31, 2022, the credit union has accumulated over $6.3 million in savings deposits. In the past year, they have issued 89 new loans totaling $1,218,638 to their members, demonstrating a robust level of activity and member engagement. The Credit Union's mission is centered around providing essential financial services to its members, ensuring they have access to the necessary tools for managing their finances.
Is Knoll Employees Credit Union legitimate?
Knoll Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Knoll Employees 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: $48,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,986
For more financial information, click here
What is the mission statement of Knoll Employees Credit Union?
Knoll Employees Credit Union is committed to serving its members by offering competitive savings and loan programs. Their mission is to provide financial services, specifically savings accounts and personal loans, to their members. In 2022, they issued 89 new loans amounting to $1,218,638. As of December 31, 2022, their members had savings deposits totaling $6,330,071. The confidence of their Board of Directors and management in this mission is reflected in the continued utilization of their services by their members.
Who is the CEO of Knoll Employees Credit Union?
Glenn Neiman is the Office Administrator of Knoll Employees Credit Union.
What is the revenue of Knoll Employees Credit Union?
Knoll Employees Credit Union's revenue in 2022 was $157,099.
Who are the executives of Knoll Employees Credit Union and what are their salaries?
The average compensation at Knoll Employees Credit Union during 2022 was $25,737. There are 3 employees at Knoll Employees Credit Union.
Here are 8 key members and their salaries:
- Compensation: $48,224
- 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
- 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 Knoll Employees Credit Union?
Knoll Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knoll Employees Credit Union
Knoll Employees Credit Union, as a financial institution, is dedicated to serving its members by offering competitive savings and loan programs. This mission is geared towards providing its members with the necessary financial tools to manage their finances effectively. The credit union issued a significant number of new loans totaling $1,218,638 in 2022, demonstrating its commitment to helping its members secure the funds they need. As of December 31, 2022, the credit union boasted savings deposits of $6,330,071, indicating a strong financial base and member trust. The Board of Directors and management of Knoll Employees Credit Union remain confident in their mission to serve their members effectively, providing them with the financial services they require to manage their finances well.
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Impact
October, 2024
Knoll Employees Credit Union plays a significant role in promoting financial well-being among its members in East Greenville, PA. In 2022, the credit union issued 89 new loans totaling $1,218,638, enabling members to access necessary funds for various personal needs. Additionally, with savings deposits amounting to $6,330,071 as of December 31, 2022, the credit union fosters a strong savings culture within its community.
By providing competitive savings and loan programs, Knoll Employees Credit Union not only meets the financial needs of its members but also contributes to their economic stability and growth. The ongoing utilization of its services demonstrates the trust and reliance of members on the credit union for their financial services, reinforcing its vital role in the local economy. The confidence expressed by the Board of Directors and management in fulfilling their mission underscores a commitment to supporting members’ financial goals and enhancing their overall quality of life.
This information is meant to be a general summary of Knoll Employees 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: $64,277
- Program Service Revenue: $92,822
- Gross Receipts: $157,099
Assets and Liabilities:
- Total Assets: $7,719,673
- Total Liabilities: $6,342,530
- Net Assets: $1,377,143
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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
$82,570
Service fees and charges
Revenue
$10,252
Organization Details
Founding Year
1974
Phone
(215) 693-6267Principal Officer
Glenn Neiman
Main Address
1235 Water St, East Greenville, PA, 180410157
NTEE Category
Code: W60 - Public benefit
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