32 Educational Community Alliance Credit Union Inc

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

EIN: 344376330 ✦ Toledo, OH ✦ Designated as a 501(c)(14)

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Overview

What is 32 Educational Community Alliance Credit Union Inc?

32 Educational Community Alliance Credit Union Inc is a financial cooperative, headquartered at 3845 Angola Road, Toledo, Ohio 43615. Established with the primary purpose of serving its member-owners, the credit union offers a range of loan and deposit services. Their mission is to foster strong relationships with their members by providing personalized financial advice and service. With a vision of satisfaction and education among members and staff, this credit union encourages active marketing to promote its growth and development. As of the provided information, the credit union is operated by a team of 15 dedicated individuals.


Official website here: www.educacu.com

Is 32 Educational Community Alliance Credit Union Inc legitimate?

32 Educational Community Alliance Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 32 Educational Community Alliance 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: $104,552
Professional Fundraising Fees: $0
Other Salaries and Wages: $562,679

For more financial information, click here


Official website here: www.educacu.com

What is the mission statement of 32 Educational Community Alliance Credit Union Inc?

The mission of 32 Educational Community Alliance Credit Union Inc. is centered around fostering meaningful connections by offering individualized financial guidance and services. Their vision envisions satisfied and educated members, as well as an engaged staff, who actively contribute to the growth and development of the credit union. The primary objective of this financial cooperative is to serve its member-owners by providing loan and deposit products and services.


Official website here: www.educacu.com

Who is the CEO of 32 Educational Community Alliance Credit Union Inc?

Beth Carpenter is the Chief Executive Officer of 32 Educational Community Alliance Credit Union Inc. The CEO's salary of 32 Educational Community Alliance Credit Union Inc is $104,552 and their total compensation is $117,952.


Official website here: www.educacu.com

What is the revenue of 32 Educational Community Alliance Credit Union Inc?

32 Educational Community Alliance Credit Union Inc's revenue in 2022 was $2,366,913.


Official website here: www.educacu.com

Who are the executives of 32 Educational Community Alliance Credit Union Inc and what are their salaries?

The average compensation at 32 Educational Community Alliance Credit Union Inc during 2022 was $44,482. There are 15 employees and 7 volunteers at 32 Educational Community Alliance Credit Union Inc.


Here are 9 key members and their salaries (32 Educational Community Alliance Credit Union Inc's CEO's salary is $104,552 and their total compensation is $117,952):


Beth Carpenter (Chief Executive Officer)
  • Compensation: $104,552
  • Related: $0
  • Other: $13,400
David Preslan (Chairperson Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Aemisegger (Vice Chairperson Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Sansing (Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Jordan (Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Parks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelli Williams (Director (January - April))
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Struder (Director (April - December))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.educacu.com

Where can I find the form 990 for 32 Educational Community Alliance Credit Union Inc?

32 Educational Community Alliance Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.educacu.com

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

Mission Statement of 32 Educational Community Alliance Credit Union Inc

The Educational Community Alliance Credit Union Inc, as a financial institution cooperative, is dedicated to its mission of fostering meaningful connections by offering tailored financial guidance and service. With a forward-thinking vision, this credit union aims to cultivate a community of contented, well-informed members and employees, who actively contribute to the credit union's expansion and development. This mission is underpinned by the Credit Union's commitment to delivering personalized financial advice and assistance, ensuring its member-owners receive an exceptional level of service.

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Impact




October, 2024

32 Educational Community Alliance Credit Union Inc significantly impacts the Toledo community by offering valuable financial products and services tailored to the needs of its member owners. By operating as a cooperative, it fosters a sense of community and belonging among its members, encouraging collaboration and mutual support.

The credit union's mission emphasizes building meaningful relationships, which translates into personalized financial advice and services that empower members to make informed decisions about their financial futures. This commitment to education ensures that members are not only satisfied but also equipped to participate actively in their financial journeys.

In addition, the credit union contributes to the local economy by providing access to loans that support personal and community development, as well as promoting savings through competitive deposit options. Its vision of satisfied, educated members and engaged staff helps drive the growth and stability of the organization, reinforcing its role as a trusted financial partner within the community. Overall, 32 Educational Community Alliance Credit Union Inc plays a vital role in enhancing the financial wellbeing of its members and fostering a thriving community in Toledo, OH.




This information is meant to be a general summary of 32 Educational Community Alliance 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
$2,366,913 (2022)
Expenses
$2,074,123 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $246,825
  • Program Service Revenue: $2,120,088
  • Gross Receipts: $2,366,913

Assets and Liabilities:

  • Total Assets: $61,275,129
  • Total Liabilities: $55,149,026
  • Net Assets: $6,126,103

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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

$1,412,777

Fees to members

Revenue

$700,273

ATM surcharges to nonmembers

Revenue

$7,038

Organization Details

Founding Year

1934

Principal Officer

Beth Carpenter

Main Address

3845 Angola Road, Toledo, OH, 43615

NTEE Category

Code: W60 - Public benefit

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