Overview
What is Gas & Electric Credit Union?
Gas & Electric Credit Union, located in Rock Island, Illinois, serves as a nonprofit organization dedicated to fostering thrift among its members. By offering auto loans, it acts as a source of credit at reasonable interest rates, enabling its 392 members to purchase new or used vehicles. The credit union's mission is to empower its members to manage their finances effectively, ultimately improving their economic and social conditions. With a team of 18 dedicated individuals, Gas & Electric Credit Union prioritizes supporting its members in their financial journeys.
Official website here: www.gaselectriccu.com
What do the Facebook reviews say about Gas & Electric Credit Union?
94% of 43 reviewers on Facebook recommend Gas & Electric Credit Union. Here is a summary of their reviews:
Many users praise the excellent personal service they receive, frequently highlighting the attentive and responsive staff as a key strength of the organization. This emphasis on customer care seems to foster a welcoming atmosphere that keeps members satisfied and engaged.
Overall, the positive sentiment surrounding the credit union indicates that it truly delivers on its promise of quality service, making it a favored choice for its members. The strong recommendations showcase the positive experiences shared by those who have interacted with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Gas & Electric Credit Union legitimate?
Gas & Electric Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gas & Electric 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: $434,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $683,047
For more financial information, click here
Official website here: www.gaselectriccu.com
What is the mission statement of Gas & Electric Credit Union?
Gas & Electric Credit Union's mission is centered around promoting thrift among its members and serving as a reliable source of credit at reasonable interest rates. The primary objective is to give members the chance to manage their own finances, thereby enhancing their economic and social conditions.
Official website here: www.gaselectriccu.com
Who is the CEO of Gas & Electric Credit Union?
Daryl E Empen is the President And Treasurer of Gas & Electric Credit Union.
Official website here: www.gaselectriccu.com
What is the revenue of Gas & Electric Credit Union?
Gas & Electric Credit Union's revenue in 2022 was $3,916,471.
Official website here: www.gaselectriccu.com
Who are the executives of Gas & Electric Credit Union and what are their salaries?
The average compensation at Gas & Electric Credit Union during 2022 was $62,060. There are 18 employees and 11 volunteers at Gas & Electric Credit Union.
Here are 13 key members and their salaries:
- Compensation: $135,335
- Related: $0
- Other: $87,793
- Compensation: $114,186
- Related: $0
- Other: $66,722
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gaselectriccu.com
Where can I find the form 990 for Gas & Electric Credit Union?
Gas & Electric Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gaselectriccu.com
Learn more at the official website: www.gaselectriccu.com
Mission Statement of Gas & Electric Credit Union
Gas & Electric Credit Union, in its mission, aims to foster a sense of thrift among its members. The primary objective is to create a reliable source of credit, offering reasonable interest rates. Furthermore, the credit union seeks to provide its members with the opportunity to manage and utilize their own funds, thereby enhancing their economic and social conditions. This mission is centered around empowering members to take control of their financial well-being, promoting financial responsibility, and ultimately improving their overall quality of life.
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Impact
October, 2024
Gas & Electric Credit Union has made a significant impact on the financial well-being of its members in Rock Island, IL. By encouraging thrift and providing access to affordable credit, the credit union empowers individuals to manage their finances more effectively. In the past year, it facilitated auto loans for 392 members, enabling them to purchase either new or used vehicles. This not only enhances their mobility but also supports their economic stability and social conditions. Through its mission, Gas & Electric Credit Union fosters a sense of financial empowerment that directly benefits the community.
This information is meant to be a general summary of Gas & Electric 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 2022.
- Investment Income: -$48,972
- Program Service Revenue: $3,965,443
- Gross Receipts: $4,335,471
Assets and Liabilities:
- Total Assets: $116,715,912
- Total Liabilities: $108,693,300
- Net Assets: $8,022,612
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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 Member
Revenue
$2,940,037
Credit and Debit Card Interchange
Revenue
$547,649
ATM Fees
Revenue
$38,623
Loan and Mortgage Fee Income
Revenue
$192,192
Overdraft and Checking Fee Income
Revenue
$116,972
Organization Details
Founding Year
1935
Phone
(309) 793-3610Principal Officer
Daryl E Empen
Main Address
2300 4th Avenue, Rock Island, IL, 612018938
Website
www.gaselectriccu.comNTEE Category
Code: W60 - Public benefit
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