954 Gorman-Rupp & Assoc Credit Union

Grohio Community Credit Union

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

EIN: 340905753 ✦ Mansfield, OH ✦ Designated as a 501(c)(14)

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Overview

What is 954 Gorman-Rupp & Assoc Credit Union?

954 Gorman-Rupp & Assoc Credit Union, operating under the name GROhio Community Credit Union, is a member-owned cooperative based in Mansfield, Ohio. Established as a state-chartered organization, it offers various financial products and services to its member-owners. The primary mission of this credit union is to provide competitive loan and savings options, ensuring financial wellness for its members. As a community-focused institution, it operates with a dedicated workforce of seven individuals, committed to serving its members effectively.


Official website here: www.gracu.com

Is 954 Gorman-Rupp & Assoc Credit Union legitimate?

954 Gorman-Rupp & Assoc Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 954 Gorman-Rupp & Assoc 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: $61,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,191

For more financial information, click here


Official website here: www.gracu.com

What is the mission statement of 954 Gorman-Rupp & Assoc Credit Union?

The mission of 954 Gorman-Rupp & Assoc Credit Union, as stated, is centered around offering competitive financial services. Specifically, they provide loans and savings options to their member-owners. This financial institution cooperative, with a focus on its members, aims to offer these services at market rates. In essence, their mission is to serve and support their member-owners financially, ensuring access to necessary financial products at favorable terms.


Official website here: www.gracu.com

Who is the CEO of 954 Gorman-Rupp & Assoc Credit Union?

Abbie Eith is the Chief Executive Officer of 954 Gorman-Rupp & Assoc Credit Union. The CEO's salary of 954 Gorman-Rupp & Assoc Credit Union is $61,150 and their total compensation is $82,550.


Official website here: www.gracu.com

What is the revenue of 954 Gorman-Rupp & Assoc Credit Union?

954 Gorman-Rupp & Assoc Credit Union's revenue in 2022 was $804,942.


Official website here: www.gracu.com

Who are the executives of 954 Gorman-Rupp & Assoc Credit Union and what are their salaries?

The average compensation at 954 Gorman-Rupp & Assoc Credit Union during 2022 was $33,477. There are 7 employees and 5 volunteers at 954 Gorman-Rupp & Assoc Credit Union.


Here are 6 key members and their salaries (954 Gorman-Rupp & Assoc Credit Union's CEO's salary is $61,150 and their total compensation is $82,550):


Abbie Eith (Chief Executive Officer)
  • Compensation: $61,150
  • Related: $0
  • Other: $21,400
Carly Hollar (President Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Kyler (Vice President Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Morehead (Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Cochran (Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Crum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gracu.com

Where can I find the form 990 for 954 Gorman-Rupp & Assoc Credit Union?

954 Gorman-Rupp & Assoc Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gracu.com

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

Mission Statement of 954 Gorman-Rupp & Assoc Credit Union

954 Gorman-Rupp & Assoc Credit Union, a member-owned financial cooperative, is committed to fulfilling its mission. This mission involves offering competitive loan and savings services to all its members. The organization, Gorman Rupp and Associates Credit Union, Inc., operates as a state-chartered entity, providing a range of financial products and services to its member-owners, ensuring they receive these offerings at market-competitive rates.

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Impact




October, 2024

954 Gorman-Rupp & Assoc Credit Union plays a significant role in enhancing the financial well-being of its member owners in Mansfield, OH. As a member-owned cooperative financial institution, it focuses on delivering accessible loan and deposit products tailored to the needs of its members.

The credit union's commitment to providing competitive market rates on loans and savings encourages financial stability and growth within the community. By offering services designed for its members, the credit union fosters a sense of ownership and participation, helping to build financial literacy and empower individuals to achieve their financial goals.

Additionally, the credit union strengthens the local economy by supporting its members' financial needs, allowing them to invest in their lives, homes, and businesses. Overall, the impact of 954 Gorman-Rupp & Assoc Credit Union is reflected in the financial empowerment and community support it cultivates among its members.




This information is meant to be a general summary of 954 Gorman-Rupp & Assoc 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
$804,942 (2022)
Expenses
$739,917 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $32,428
  • Program Service Revenue: $772,514
  • Gross Receipts: $804,942

Assets and Liabilities:

  • Total Assets: $14,180,201
  • Total Liabilities: $12,949,016
  • Net Assets: $1,231,185

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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

$636,969

Fees to members

Revenue

$133,789

ATM surcharges to nonmembers

Revenue

$1,756

Organization Details

Founding Year

1960

Principal Officer

Abbie Eith

Main Address

P O Box 1226, Mansfield, OH, 44901

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