Achieve Credit Union Inc

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

EIN: 340894661 ✦ Elyria, OH ✦ Designated as a 501(c)(14)

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Overview

What is Achieve Credit Union Inc?

Achieve Credit Union Inc, located in Elyria, Ohio, serves as a financial institution for eligible members. With over 11,650 members, they manage around 21,100 deposit accounts. Their mission is to surpass expectations through offering top-notch services and products, ultimately contributing to their members' financial prosperity. They operate in a financially sound and ethical manner, ensuring the well-being of their members is at the heart of everything they do. The credit union provides various financial services, contributing to its members' financial stability.


Official website here: www.achievecu.org

Is Achieve Credit Union Inc legitimate?

Achieve Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Achieve 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: $412,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,587,822

For more financial information, click here


Official website here: www.achievecu.org

What is the mission statement of Achieve Credit Union Inc?

Achieve Credit Union Inc's mission is centered around providing exceptional service and financial products to its eligible members. The primary goal is to contribute to their financial prosperity in a responsible and ethical manner. The credit union operates with a focus on delivering dividends and interest on over 21,100 deposit accounts held by approximately 11,650 members.


Official website here: www.achievecu.org

Who is the CEO of Achieve Credit Union Inc?

Bret J Fisher- is the Ceo of Achieve Credit Union Inc. The CEO's salary of Achieve Credit Union Inc is $73,873 and their total compensation is $105,364.


Official website here: www.achievecu.org

What is the revenue of Achieve Credit Union Inc?

Achieve Credit Union Inc's revenue in 2022 was $6,076,908.


Official website here: www.achievecu.org

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

The average compensation at Achieve Credit Union Inc during 2022 was $38,466. There are 52 employees and 7 volunteers at Achieve Credit Union Inc.


Here are 10 key members and their salaries (Achieve Credit Union Inc's CEO's salary is $73,873 and their total compensation is $105,364):


Neil R Sommers (Ceo)
  • Compensation: $158,814
  • Related: $0
  • Other: $12,534
Karen S Akers (Cfo)
  • Compensation: $124,307
  • Related: $0
  • Other: $16,817
Bret J Fisher (Ceo)
  • Compensation: $73,873
  • Related: $0
  • Other: $31,491
Henry Harsar (Chair Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Patterson (Director/Vice Chair Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Lingler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Citro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Norton (Director/Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Conner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Wolfram (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.achievecu.org

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

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


Official website here: www.achievecu.org

Learn more at the official website: www.achievecu.org

Mission Statement of Achieve Credit Union Inc

Achieve Credit Union Inc, as a financial institution, is committed to surpassing expectations by offering top-notch services and products. This mission is designed to foster the financial well-being of its qualified members. The credit union operates with financial stability and ethical integrity in mind, aiming to contribute to the financial success of its members. This is demonstrated through the dividends and interest paid on the deposit accounts of approximately 11,650 members, who collectively hold around 21,100 accounts with the credit union.

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Impact




October, 2024

Achieve Credit Union Inc significantly impacts its community by providing essential financial services to its members. With approximately 21,100 deposit accounts held by around 11,650 members, it fosters financial stability and growth within Elyria, OH. By offering dividends and interest on these accounts, the credit union helps members maximize their savings and achieve their financial goals.

The organization is committed to exceeding member expectations through superior service and products designed to enhance financial success. Its focus on ethical, financially sound operations underscores a dedication to the community's well-being. By prioritizing the financial needs of its members, Achieve Credit Union Inc plays a vital role in promoting economic empowerment and resilience in the local area.




This information is meant to be a general summary of Achieve 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
$6,076,908 (2022)
Expenses
$5,541,739 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,663,408
  • Program Service Revenue: $4,412,300
  • Gross Receipts: $6,076,908

Assets and Liabilities:

  • Total Assets: $176,055,244
  • Total Liabilities: $164,960,275
  • Net Assets: $11,094,969

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Programs

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

Loan Interest

Revenue

$2,856,727

Interchange Income

Revenue

$720,374

Fee Income

Revenue

$583,150

Other Income

Revenue

$252,049

Organization Details

Founding Year

1958

Principal Officer

Bret J Fisher-

Main Address

340 Griswold Road, Elyria, OH, 44035

NTEE Category

Code: W60 - Public benefit

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