Overview
What is Energy Plus Credit Union?
Energy Plus Credit Union is a member-oriented financial institution, established under state charter, serving approximately 3,978 individuals. Its primary function is to offer loan and deposit services to its members. This state-chartered credit union is dedicated to providing financial assistance and resources, embodying the mission of a credit union to serve its community.
Official website here: www.energypluscu.org
Is Energy Plus Credit Union legitimate?
Energy Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Energy Plus 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $712,911
For more financial information, click here
Official website here: www.energypluscu.org
What is the mission statement of Energy Plus Credit Union?
Energy Plus Credit Union, as a state-chartered institution, is committed to offering loan and deposit services to its approximately 3978 members. Its mission is centered around providing financial assistance and savings opportunities, serving as a reliable financial partner for its members. By offering a range of financial products and services, the credit union seeks to enhance the financial well-being of its members, fostering financial stability and success.
Official website here: www.energypluscu.org
Who is the CEO of Energy Plus Credit Union?
Cari Palmer is the CEO of Energy Plus Credit Union The CEO's salary of Energy Plus Credit Union is $110,377 and their total compensation is $110,377.
Official website here: www.energypluscu.org
What is the revenue of Energy Plus Credit Union?
Energy Plus Credit Union's revenue in 2024 was $3,021,831.
Official website here: www.energypluscu.org
Who are the executives of Energy Plus Credit Union and what are their salaries?
The average compensation at Energy Plus Credit Union during 2024 was $33,948. There are 21 employees at Energy Plus Credit Union.
Here are 12 key members and their salaries (Energy Plus Credit Union's CEO's salary is $110,377 and their total compensation is $110,377):
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- Compensation: $110,377
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Official website here: www.energypluscu.org
Where can I find the form 990 for Energy Plus Credit Union?
Energy Plus Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.energypluscu.org
Learn more at the official website: www.energypluscu.org
Mission Statement of Energy Plus Credit Union
Energy Plus Credit Union, as a state-chartered entity, is committed to providing loan and deposit services to its members. This mission is centered around offering financial assistance and savings opportunities to its approximately 3,978 members. The credit union operates with the goal of empowering its members financially, enabling them to manage their funds effectively and access credit when needed. The state-chartered status of Energy Plus Credit Union signifies its commitment to adhering to stringent regulatory standards, ensuring the financial security and well-being of its members.
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Impact
October, 2024
Energy Plus Credit Union significantly impacts the Indianapolis community by providing essential loan and deposit services to nearly 4,000 members. By facilitating access to financial resources, the credit union supports individuals and families in their financial journeys, helping them achieve greater economic stability. Its services empower members to manage their finances effectively, fostering savings and responsible borrowing.
Additionally, as a state-chartered credit union, Energy Plus promotes financial literacy and well-being, contributing to the overall human services landscape in the region. This commitment to service not only enhances individual financial health but also strengthens community ties, creating a ripple effect that benefits the broader population. The credit union's mission underscores its role in fostering a more inclusive and financially secure environment for all its members.
This information is meant to be a general summary of Energy Plus 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $523,676
- Program Service Revenue: $2,498,155
- Gross Receipts: $3,021,831
Assets and Liabilities:
- Total Assets: $42,138,149
- Total Liabilities: $35,927,572
- Net Assets: $6,210,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM LOANS
Revenue
$2,058,050
FEES AND CHARGES
Revenue
$385,386
OTHER INCOME
Revenue
$54,719
Organization Details
Founding Year
1925
Principal Officer
Cari Palmer
Website
www.energypluscu.orgNTEE Category
Code: P80 - Human services
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