Overview
What is Advantage Credit Union Inc?
Advantage Credit Union Inc, situated in Mansfield, Ohio, operates as a member-owned financial institution. With a mission to provide high-quality financial services in an efficient, courteous, and professional manner, the credit union incurs costs related to data processing, member account access, direct labor, employee benefits, savings deposit services, loan origination, and loan servicing. This nonprofit, with a team of 17 dedicated individuals, offers its services to approximately 5,300 members, who collectively hold around 6,900 deposit accounts. The credit union aims to recognize its members as owners, ensuring a member-centric approach to its operations.
Official website here: www.advantage4.org
Is Advantage Credit Union Inc legitimate?
Advantage Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Advantage 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: $163,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $429,719
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Official website here: www.advantage4.org
What is the mission statement of Advantage Credit Union Inc?
Advantage Credit Union Inc's mission is centered around providing a comprehensive range of high-quality financial services to its members. This is done in an efficient, respectful, and professional manner, acknowledging the members' status as owners. The credit union's activities involve managing data processing costs for member activities, offering savings deposit services, originating new loans, and servicing the loan portfolio for its members. Furthermore, it pays dividends and interest to its deposit accounts, benefiting approximately 5,300 members holding around 6,900 accounts.
Official website here: www.advantage4.org
Who is the CEO of Advantage Credit Union Inc?
Camille Grayson is the Ceo of Advantage Credit Union Inc. The CEO's salary of Advantage Credit Union Inc is $82,552 and their total compensation is $87,326.
Official website here: www.advantage4.org
What is the revenue of Advantage Credit Union Inc?
Advantage Credit Union Inc's revenue in 2022 was $1,962,272.
Official website here: www.advantage4.org
Who are the executives of Advantage Credit Union Inc and what are their salaries?
The average compensation at Advantage Credit Union Inc during 2022 was $34,905. There are 17 employees at Advantage Credit Union Inc.
Here are 9 key members and their salaries (Advantage Credit Union Inc's CEO's salary is $82,552 and their total compensation is $87,326):
- Compensation: $82,552
- Related: $0
- Other: $4,774
- Compensation: $71,181
- Related: $0
- Other: $4,567
- Compensation: $1,977
- Related: $0
- Other: $17
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,350
- Related: $0
- Other: $0
- Compensation: $1,350
- Related: $0
- Other: $0
- Compensation: $1,300
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Official website here: www.advantage4.org
Where can I find the form 990 for Advantage Credit Union Inc?
Advantage Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advantage4.org
Learn more at the official website: www.advantage4.org
Mission Statement of Advantage Credit Union Inc
Advantage Credit Union Inc, as an organization, is dedicated to providing a comprehensive range of high-quality financial services to its members in a cost-efficient, courteous, and professional manner. This mission is underpinned by the recognition of each member's status as an owner of the credit union. The services offered by Advantage Credit Union Inc extend beyond basic banking, encompassing savings deposit services, originating new loans, and managing the loan portfolio for its members. The credit union is committed to ensuring that its operations are both efficient and member-focused, incurring necessary costs for data processing and member account access via various channels.
In addition to its operational commitments, Advantage Credit Union Inc also returns dividends and interest to its approximately 5,300 members, who collectively hold about 6,900 deposit accounts. This financial return underscores the credit union's dedication to its members, recognizing their investment and contribution to the organization. By providing these financial services and returns, Advantage Credit Union Inc aims to foster a sense of ownership and engagement among its members, thereby strengthening the credit union as a whole.
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Impact
October, 2024
Advantage Credit Union Inc significantly impacts its community by offering a comprehensive array of financial services tailored to meet the needs of its members. With a focus on providing quality services in a cost-efficient and professional manner, it recognizes its members as owners, fostering a sense of community and collaboration.
The credit union incurs expenses for data processing to ensure that members can manage their accounts seamlessly through home banking, ATM networks, and in-person services. By facilitating easy access to financial resources, Advantage Credit Union empowers its roughly 5,300 members, who collectively hold about 6,900 deposit accounts.
In terms of member support, Advantage Credit Union emphasizes direct labor and employee benefits, which are vital in delivering savings deposit services and originating new loans. This commitment to high-quality service not only helps members achieve their financial aspirations but also enhances the overall economic health of the Mansfield, OH area.
Moreover, the dividends and interest paid to members foster a culture of financial growth and stability, reinforcing the credit union's mission to contribute positively to the community it serves. Through its operations, Advantage Credit Union not only provides essential financial services but also nurtures a sense of ownership and partnership among its members.
This information is meant to be a general summary of Advantage 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: $283,077
- Program Service Revenue: $1,679,195
- Gross Receipts: $1,962,272
Assets and Liabilities:
- Total Assets: $44,334,911
- Total Liabilities: $42,227,385
- Net Assets: $2,107,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,133,387
FEE INCOME
Revenue
$493,166
NON MEMBER ATM FEES
Revenue
$52,642
Organization Details
Founding Year
1961
Phone
(419) 529-5603Principal Officer
Camille Grayson
Main Address
700 STUMBO ROAD NORTH, MANSFIELD, OH, 44906
Website
www.advantage4.orgIf you are a representative of Advantage Credit Union Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.