1246 Genesis Employees Credit Union

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

EIN: 310842279 ✦ Zanesville, OH ✦ Designated as a 501(c)(14)

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Overview

What is 1246 Genesis Employees Credit Union?

1246 Genesis Employees Credit Union is a member-owned cooperative credit union, headquartered in Zanesville, Ohio. Established with a mission to serve its members, the credit union offers a variety of financial services and products, including loans and deposit facilities. It is a state-chartered organization, committed to providing secure and diverse financial solutions to its members. With a small workforce of five individuals, the credit union strives to deliver exceptional customer service, aiming to be the primary financial institution for its members.


Official website here: www.genesisecu.com

Is 1246 Genesis Employees Credit Union legitimate?

1246 Genesis Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1246 Genesis 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: $87,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,552

For more financial information, click here


Official website here: www.genesisecu.com

What is the mission statement of 1246 Genesis Employees Credit Union?

The 1246 Genesis Employees Credit Union, as a financial institution cooperative, is dedicated to serving its member-owners by offering a variety of loan and deposit products and services. Its mission is to grow and establish itself as a primary financial institution, relying on exceptional customer service. The organization aims to achieve this mission by being diverse in its financial offerings, thereby catering to the diverse financial needs of its members.


Official website here: www.genesisecu.com

Who is the CEO of 1246 Genesis Employees Credit Union?

Michael King is the Chief Executive Officer of 1246 Genesis Employees Credit Union. The CEO's salary of 1246 Genesis Employees Credit Union is $87,520 and their total compensation is $109,920.


Official website here: www.genesisecu.com

What is the revenue of 1246 Genesis Employees Credit Union?

1246 Genesis Employees Credit Union's revenue in 2022 was $773,074.


Official website here: www.genesisecu.com

Who are the executives of 1246 Genesis Employees Credit Union and what are their salaries?

The average compensation at 1246 Genesis Employees Credit Union during 2022 was $48,614. There are 5 employees and 13 volunteers at 1246 Genesis Employees Credit Union.


Here are 14 key members and their salaries (1246 Genesis Employees Credit Union's CEO's salary is $87,520 and their total compensation is $109,920):


Michael King (Chief Executive Officer)
  • Compensation: $87,520
  • Related: $0
  • Other: $22,400
Shane Jenkins (President Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Kelso (Vice President Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Pyle (Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Lynn (Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Brock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Ring (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Rine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Larimer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Goldsmith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.genesisecu.com

Where can I find the form 990 for 1246 Genesis Employees Credit Union?

1246 Genesis Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.genesisecu.com

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

Mission Statement of 1246 Genesis Employees Credit Union

1246 Genesis Employees Credit Union, as a financial institution cooperative, is committed to serving its member-owners by providing a diverse range of loan and deposit products and services. Its mission is to grow as a secure primary financial institution, achieving this goal through its dedication to exceptional customer service. By focusing on the needs of its member-owners, Genesis Employees Credit Union aims to offer financial solutions that cater to their diverse financial needs, ultimately enhancing their financial well-being.

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Impact




October, 2024

1246 Genesis Employees Credit Union plays a significant role in the financial well-being of its members by offering a range of loan and deposit products specifically tailored to meet their needs. As a member-owned cooperative, it fosters a strong sense of community and collaboration among its members in Zanesville, Ohio.

The organization is committed to enhancing the financial security of its members, emphasizing a mission centered on outstanding customer service and a diverse array of financial products. This focus not only helps members achieve personal financial goals but also strengthens the local economy by promoting responsible lending and saving practices.

By serving as a trusted financial institution, Genesis Employees Credit Union contributes to the empowerment of its members, ensuring they have access to the resources necessary for financial stability and growth. It embodies the principles of cooperation and mutual support, creating a lasting impact on its community.




This information is meant to be a general summary of 1246 Genesis 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.

Revenue
$773,074 (2022)
Expenses
$634,524 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $88,850
  • Program Service Revenue: $684,224
  • Gross Receipts: $773,074

Assets and Liabilities:

  • Total Assets: $19,819,151
  • Total Liabilities: $17,703,535
  • Net Assets: $2,115,616

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Programs

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

Interest on loans to members

Revenue

$496,678

Fees to members

Revenue

$181,006

ATM surcharges to nonmembers

Revenue

$6,540

Organization Details

Founding Year

1972

Principal Officer

Michael King

Main Address

860 Bethesda Drive, Zanesville, OH, 43701

NTEE Category

Code: W60 - Public benefit

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