Franklin-Oil Region Credit Union

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

EIN: 251261615 ✦ Franklin, PA ✦ Designated as a 501(c)(14)

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Overview

What is Franklin-Oil Region Credit Union?

Franklin-Oil Region Credit Union is a community-focused financial institution located at 101 NORTH 13TH STREET, FRANKLIN, PA 16323. Serving approximately 6,166 members, the credit union is committed to promoting the credit union philosophy of "people helping people." It encourages individuals within its field of membership to become part of its family, providing them with a convenient one-stop solution for both investment opportunities and low-interest loans. With a dedicated staff, directors, and personnel, the credit union is devoted to fulfilling its members' financial needs through high-quality service at the best value, ensuring financial stability. The credit union offers various financial services, including minimal or no-cost options, and provides members with higher-yielding rates on savings accounts.


Official website here: www.for-cu.com

Is Franklin-Oil Region Credit Union legitimate?

Franklin-Oil Region Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Franklin-Oil Region 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: $176,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $568,575

For more financial information, click here


Official website here: www.for-cu.com

What is the mission statement of Franklin-Oil Region Credit Union?

The Franklin-Oil Region Credit Union's mission is centered around promoting the credit union philosophy of "people helping people." They encourage individuals within their membership to become part of their community and take advantage of the convenience of having various investment opportunities and low-interest loans available in one place. The staff, directors, and personnel of the credit union are committed to fulfilling the financial needs of their members through exceptional service at the best possible value. They strive to maintain financial stability while meeting the financial requirements of their members.


Official website here: www.for-cu.com

Who is the CEO of Franklin-Oil Region Credit Union?

Karen Baldwin is the Ceo of Franklin-Oil Region Credit Union. The CEO's salary of Franklin-Oil Region Credit Union is $89,733 and their total compensation is $89,733.


Official website here: www.for-cu.com

What is the revenue of Franklin-Oil Region Credit Union?

Franklin-Oil Region Credit Union's revenue in 2022 was $2,688,911.


Official website here: www.for-cu.com

Who are the executives of Franklin-Oil Region Credit Union and what are their salaries?

The average compensation at Franklin-Oil Region Credit Union during 2022 was $28,668. There are 26 employees at Franklin-Oil Region Credit Union.


Here are 10 key members and their salaries (Franklin-Oil Region Credit Union's CEO's salary is $89,733 and their total compensation is $89,733):


Karen Baldwin (Ceo)
  • Compensation: $89,733
  • Related: $0
  • Other: $0
Dawn Wheeling (Operations M)
  • Compensation: $74,108
  • Related: $0
  • Other: $0
Diane Kendrick (Cu Consultan)
  • Compensation: $9,241
  • Related: $0
  • Other: $0
Lorelie Graham (Vice Preside)
  • Compensation: $650
  • Related: $0
  • Other: $0
Steven Hughes (Director)
  • Compensation: $650
  • Related: $0
  • Other: $0
Joyce Luton (President)
  • Compensation: $650
  • Related: $0
  • Other: $0
Timothy Kerr (Chairman)
  • Compensation: $600
  • Related: $0
  • Other: $0
Nancy Hartle (Secretary/Tr)
  • Compensation: $500
  • Related: $0
  • Other: $0
Mary K Serafin (Secretary)
  • Compensation: $500
  • Related: $0
  • Other: $0
Daryl Deangelis (Supervisoryc)
  • Compensation: $150
  • Related: $0
  • Other: $0


Official website here: www.for-cu.com

Where can I find the form 990 for Franklin-Oil Region Credit Union?

Franklin-Oil Region Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.for-cu.com

Learn more at the official website: www.for-cu.com

Mission Statement of Franklin-Oil Region Credit Union

Franklin-Oil Region Credit Union is dedicated to fostering the credit union philosophy of "People Helping People." This mission encourages individuals within its membership to become a part of the credit union family and benefit from the convenience of a one-stop shop for investment opportunities and low-interest loans. The credit union's staff, directors, and personnel are committed to achieving this goal by providing quality service at the best value while ensuring financial stability. Their primary objective is to meet the financial needs of their members effectively.

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Impact




October, 2024

Franklin-Oil Region Credit Union plays a significant role in fostering financial well-being within the community of Franklin, Pennsylvania. By serving over 6,100 members, the credit union enhances access to essential financial services that include low-interest loans and competitively yielding savings accounts.

The credit union embodies the philosophy of "people helping people," providing a supportive environment where individuals and families can meet their financial needs. The dedicated staff and leadership team focus on delivering high-quality service at the best value, ensuring that members have the resources they need to succeed.

Through its one-stop shopping approach, Franklin-Oil Region Credit Union encourages community members to join together, participate in financial opportunities, and build a secure financial future. Ultimately, its mission fosters a sense of family and stability, contributing to the overall economic health of the region.




This information is meant to be a general summary of Franklin-Oil Region 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
$2,688,911 (2022)
Expenses
$2,315,821 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $245,855
  • Program Service Revenue: $1,940,423
  • Gross Receipts: $2,688,911

Assets and Liabilities:

  • Total Assets: $38,968,547
  • Total Liabilities: $33,725,540
  • Net Assets: $5,243,007

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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

$1,243,094

CREDIT CARD PROCESSING FEE

Revenue

$368,383

FEE INCOME

Revenue

$326,168

NON MEMBER ATM FEES

Revenue

$2,778

Organization Details

Founding Year

1974

Principal Officer

Karen Baldwin

Main Address

101 NORTH 13TH STREET, FRANKLIN, PA, 16323

NTEE Category

Code: W60 - Public benefit

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