Eaton Family Credit Union Inc

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

EIN: 340711538 ✦ Euclid, OH ✦ Designated as a 501(c)(14)

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Overview

What is Eaton Family Credit Union Inc?

Eaton Family Credit Union Inc, located in Euclid, Ohio, serves as a financial institution for its eligible members. The credit union's primary activities include offering savings and deposit services, facilitating loan originations, and managing its loan portfolio. Additionally, it provides account maintenance and assistance to its members. The organization's mission is to be its members' preferred choice for financial products and services, striving to meet their evolving needs while maintaining financial stability. With a team of 36 employees, Eaton Family Credit Union Inc is dedicated to delivering direct employee and benefit costs in its line of work.


Official website here: www.eatonfamilycu.com

Is Eaton Family Credit Union Inc legitimate?

Eaton Family Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eaton Family 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $987,489

For more financial information, click here


Official website here: www.eatonfamilycu.com

What is the mission statement of Eaton Family Credit Union Inc?

Eaton Family Credit Union Inc's mission is centered around being the preferred choice for financial products and services for its eligible members. The credit union aims to meet the evolving needs of its membership while maintaining a strong financial position. In fulfilling its mission, Eaton Family Credit Union provides various services such as savings and deposit management, loan origination, and account maintenance, all while assisting its members effectively.


Official website here: www.eatonfamilycu.com

Who is the CEO of Eaton Family Credit Union Inc?

Christopher Jochum is the Board Chair of Eaton Family Credit Union Inc. The CEO's salary of Eaton Family Credit Union Inc is $151,448 and their total compensation is $151,448.


Official website here: www.eatonfamilycu.com

What is the revenue of Eaton Family Credit Union Inc?

Eaton Family Credit Union Inc's revenue in 2022 was $3,888,337.


Official website here: www.eatonfamilycu.com

Who are the executives of Eaton Family Credit Union Inc and what are their salaries?

The average compensation at Eaton Family Credit Union Inc during 2022 was $27,430. There are 36 employees and 12 volunteers at Eaton Family Credit Union Inc.


Here are 9 key members and their salaries (Eaton Family Credit Union Inc's CEO's salary is $151,448 and their total compensation is $151,448):


Marc Manburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evelyeen Probert (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael T Losneck (Treasurer Ceo)
  • Compensation: $151,448
  • Related: $0
  • Other: $0
Doris Yee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Jochum (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suresh Babu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwayne Petish (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Santoro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eatonfamilycu.com

Where can I find the form 990 for Eaton Family Credit Union Inc?

Eaton Family Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.eatonfamilycu.com

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

Mission Statement of Eaton Family Credit Union Inc

Eaton Family Credit Union Inc, as a financial institution, is dedicated to serving its qualified members effectively. Their mission, in simple terms, is to position themselves as the preferred choice for various financial products and services. They strive to meet the evolving needs of their membership while maintaining a robust financial standing. By providing a comprehensive range of savings and deposit services, loan originations, and other financial solutions, Eaton Family Credit Union Inc aims to cater to its members' diverse financial requirements. Additionally, they offer account maintenance and assistance to ensure their members have a seamless experience with their credit union. In essence, Eaton Family Credit Union Inc's mission is to provide top-notch financial services that cater to the evolving needs of its members while maintaining financial stability.

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Impact




October, 2024

Eaton Family Credit Union Inc significantly impacts its community by providing essential financial services tailored to the needs of its members in Euclid, OH. By offering savings and deposit services, as well as loan originations, the credit union supports its members in achieving their financial goals. The organization's focus on direct employee and benefit costs helps ensure that quality service is delivered, including account maintenance and assistance.

The mission emphasizes a commitment to being the preferred source for financial products by adapting to the evolving needs of its membership while maintaining financial stability. This approach fosters a sense of trust and reliability among members, encouraging financial growth and stability within the community. Eaton Family Credit Union promotes public benefit through its comprehensive financial services, helping to enhance the overall economic well-being of its members and the community at large.




This information is meant to be a general summary of Eaton Family 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.

Revenue
$3,888,337 (2022)
Expenses
$2,845,729 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $371,112
  • Program Service Revenue: $3,517,225
  • Gross Receipts: $3,888,337

Assets and Liabilities:

  • Total Assets: $76,338,729
  • Total Liabilities: $1,675,072
  • Net Assets: $74,663,657

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Programs

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

Loan Interest Income

Revenue

$2,613,612

Fees Other Income

Revenue

$745,274

Other Misc Income

Revenue

$158,339

Organization Details

Founding Year

1937

Principal Officer

Christopher Jochum

Main Address

333 BABBITT ROAD, EUCLID, OH, 44123

NTEE Category

Code: W60 - Public benefit

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