Overview
What is Gcs Credit Union?
Gcs Credit Union is a nonprofit financial cooperative based in Granite City, Illinois, with a membership of 37,339 individuals. The organization provides cooperative financial services to anyone residing, working, or attending school within the Illinois counties of Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. The mission of Gcs Credit Union is to offer financial services to these communities, including the spouses, blood or adoptive relatives, and their spouses of existing members. The credit union employs a workforce of 146 individuals and offers cooperative financial services to its members.
Official website here: www.mygcscu.com
Is Gcs Credit Union legitimate?
Gcs Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gcs 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: $455,595
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,853,612
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Official website here: www.mygcscu.com
What is the mission statement of Gcs Credit Union?
The Gcs Credit Union is committed to extending cooperative financial services to anyone residing, employed, or attending school in the following Illinois counties: Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. The union expands its membership eligibility to not only the primary member but also to their spouse, blood or adoptive relatives, and their spouses. The mission of the Gcs Credit Union is geared towards providing financial services cooperatively to the aforementioned population. The union currently serves 37,339 members.
Official website here: www.mygcscu.com
Who is the CEO of Gcs Credit Union?
Keith Burton is the Chairperson of Gcs Credit Union.
Official website here: www.mygcscu.com
What is the revenue of Gcs Credit Union?
Gcs Credit Union's revenue in 2022 was $20,228,716.
Official website here: www.mygcscu.com
Who are the executives of Gcs Credit Union and what are their salaries?
The average compensation at Gcs Credit Union during 2022 was $36,364. There are 146 employees at Gcs Credit Union.
Here are 15 key members and their salaries:
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- Compensation: $240,557
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- Other: $21,326
- Compensation: $177,867
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- Other: $15,835
Official website here: www.mygcscu.com
Where can I find the form 990 for Gcs Credit Union?
Gcs Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mygcscu.com
Learn more at the official website: www.mygcscu.com
Mission Statement of Gcs Credit Union
GCs Credit Union, a cooperative financial institution, strives to serve anyone residing, working, or attending school within the Illinois counties of Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. By doing so, the credit union extends its membership eligibility to a wide community.
In line with its commitment, GCs Credit Union aims to provide comprehensive financial services to its 37,339 members. The credit union's mission is to facilitate financial cooperation among its members by offering a range of services tailored to their unique needs. This inclusive approach ensures that the credit union's services are accessible to a diverse membership base. In addition to a qualified member, their spouse, blood or adoptive relatives, and their spouses are also eligible for membership. This extended eligibility policy underscores the credit union's dedication to fostering financial inclusion within its community.
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Impact
October, 2024
GCS Credit Union has a significant impact by providing cooperative financial services to a diverse community across several Illinois counties, including Sangamon, Logan, Macon, Marion, Jefferson, and others. With a membership of 37,339 individuals, the credit union serves anyone who lives, works, or attends school in these areas, fostering financial inclusion and support.
By offering access to financial services, GCS Credit Union promotes economic empowerment among its members. This includes providing resources for savings, loans, and other financial products that help individuals and families achieve their financial goals. The credit union’s focus on community means it gives priority to the financial well-being of its members, often offering lower rates and fees compared to traditional banks.
Furthermore, GCS Credit Union strengthens the local economy by reinvesting in the communities it serves. Its commitment to cooperative principles ensures that profits are returned to members rather than shareholders, creating a cycle of community support. In doing so, it enhances financial literacy and stability within the regions it operates, making a lasting positive impact on the lives of individual members and the broader community.
This information is meant to be a general summary of Gcs 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: $3,596,055
- Program Service Revenue: $16,202,129
- Gross Receipts: $22,251,193
Assets and Liabilities:
- Total Assets: $436,616,353
- Total Liabilities: $403,131,211
- Net Assets: $33,485,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST-MEMBER LOANS
Revenue
$11,161,157
INTERCHANGE FEES
Revenue
$2,546,406
FEES AND CHARGES
Revenue
$2,182,023
CORPORATE CREDIT UNION CAPITAL D
Revenue
$312,543
Organization Details
Founding Year
1941
Phone
(618) 797-7993Principal Officer
Keith Burton
Main Address
3970 MARYVILLE ROAD, GRANITE CITY, IL, 62040
Website
www.mygcscu.comNTEE Category
Code: W60 - Public benefit
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