Overview
What is Education First Credit Union Inc?
Education First Credit Union Inc, located in Columbus, Ohio, is a nonprofit organization with a mission to offer affordable loans and savings options to specific membership groups. With a service-oriented emphasis, they recognize their members as owners. During 2022, they distributed dividend expenses to approximately 12,758 members, managing a total of around 23,594 share deposit accounts. The Credit Union, employing 49 individuals, is dedicated to fostering financial literacy and providing a variety of financial services and products.
Official website here: www.educu.org
What do the Facebook reviews say about Education First Credit Union Inc?
90% of 25 reviewers on Facebook recommend Education First Credit Union Inc. Here is a summary of their reviews:
Many users express their appreciation for the credit union's long-standing commitment to supporting the education community since 1936. This dedication resonated with reviewers, highlighting a sense of pride in being part of an organization that prioritizes educational initiatives.
The overall sentiment reflects satisfaction with the services offered, showcasing a positive connection to the mission of the nonprofit. Reviewers seem to value the community-focused approach and the benefits provided, reinforcing a strong endorsement of the organization.
This AI summary has been generated from reviews found on Facebook.
Is Education First Credit Union Inc legitimate?
Education First Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Education First Credit Union Inc 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: $476,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,670,842
For more financial information, click here
Official website here: www.educu.org
What is the mission statement of Education First Credit Union Inc?
Education First Credit Union Inc's mission is centered around providing affordable loan options and savings opportunities to its membership groups. The credit union also offers financial literacy resources and various other financial services and products. Their approach is service-oriented, treating members as owners, thereby emphasizing on quality service delivery. During 2022, Education First Credit Union incurred dividend expenses to offer share deposit accounts to approximately 12,758 members, totaling around 23,594 accounts.
Official website here: www.educu.org
Who is the CEO of Education First Credit Union Inc?
Michael Wettrich is the President/Ce of Education First Credit Union Inc.
Official website here: www.educu.org
What is the revenue of Education First Credit Union Inc?
Education First Credit Union Inc's revenue in 2022 was $7,953,641.
Official website here: www.educu.org
Who are the executives of Education First Credit Union Inc and what are their salaries?
The average compensation at Education First Credit Union Inc during 2022 was $43,818. There are 49 employees and 7 volunteers at Education First Credit Union Inc.
Here are 10 key members and their salaries:
- Compensation: $209,788
- Related: $0
- Other: $36,132
- Compensation: $135,057
- Related: $0
- Other: $11,809
- Compensation: $131,387
- Related: $0
- Other: $9,398
- 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
Official website here: www.educu.org
Where can I find the form 990 for Education First Credit Union Inc?
Education First Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.educu.org
Learn more at the official website: www.educu.org
Mission Statement of Education First Credit Union Inc
Education First Credit Union Inc, as a mission-driven organization, is committed to providing affordable loan options and savings opportunities to its selected membership groups. Recognizing its members as owners, the credit union emphasizes a service-oriented approach in offering various financial services and products. During 2022, Education First Credit Union incurred dividend expenses, extending share deposit accounts to approximately 12,758 members, totaling approximately 23,594 accounts.
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Impact
October, 2024
Education First Credit Union Inc plays a significant role in enhancing financial well-being within its community by providing low-cost loans and various savings options tailored to selected membership groups. In 2022, the credit union delivered essential financial services to approximately 12,758 members, evidenced by the creation of around 23,594 share deposit accounts.
By focusing on financial literacy and a service-oriented approach, Education First empowers its members with the knowledge and resources they need to make informed financial decisions. This emphasis on recognizing members as owners fosters a sense of community and trust, helping individuals and families achieve their financial goals. Ultimately, Education First Credit Union Inc makes a profound impact by promoting financial stability and ownership among its members in Columbus, Ohio.
This information is meant to be a general summary of Education First Credit Union Inc. 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: $455,008
- Program Service Revenue: $7,498,633
- Gross Receipts: $7,953,641
Assets and Liabilities:
- Total Assets: $146,057,594
- Total Liabilities: $133,279,956
- Net Assets: $12,777,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSUMER LOAN INTEREST
Revenue
$3,494,734
FEES ASSOCIATED WITH ACCOUNTS
Revenue
$1,402,708
OTHER
Revenue
$1,144,767
VISA PROGRAM INCOME
Revenue
$916,159
PARTICIPATION INTEREST
Revenue
$307,754
Organization Details
Founding Year
1936
Phone
(614) 221-9376Principal Officer
Michael Wettrich
Main Address
510 E MOUND ST, COLUMBUS, OH, 43215
Website
www.educu.orgNTEE Category
Code: W60 - Public benefit
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