Overview
What is Elga Credit Union?
Elga Credit Union is a financial institution based in Grand Blanc, Michigan, with a US address at 6065 Grand Pointe Blvd. The credit union offers various loan options to its members, such as real estate, credit card, vehicle, and other types. As of December 31, 2022, there were 78,515 loans outstanding. The organization provides a range of financial services and products for its members, as described in the mission statement and activity or mission description. With 305 employees on board, Elga Credit Union caters to the financial needs of its community.
Official website here: www.elgacu.com
Is Elga Credit Union legitimate?
Elga Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Elga 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: $2,169,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,090,486
For more financial information, click here
Official website here: www.elgacu.com
What is the mission statement of Elga Credit Union?
Elga Credit Union is dedicated to offering financial services and products to its membership base. Through this commitment, the credit union provides various loan options which include real estate, credit card, vehicle, and other types of loans. The outstanding number of loans reached a total of 78,515 by the end of 2022. The credit union's mission focuses on catering to the financial needs of its members, ensuring they have access to essential financial tools and resources.
Official website here: www.elgacu.com
Who is the CEO of Elga Credit Union?
Terry Katzur is the CEO of Elga Credit Union The CEO's salary of Elga Credit Union is $1,029,744 and their total compensation is $1,067,550.
Official website here: www.elgacu.com
What is the revenue of Elga Credit Union?
Elga Credit Union's revenue in 2023 was $108,697,736.
Official website here: www.elgacu.com
Who are the executives of Elga Credit Union and what are their salaries?
The average compensation at Elga Credit Union during 2023 was $59,444. There are 324 employees and 10 volunteers at Elga Credit Union.
Here are 19 key members and their salaries (Elga Credit Union's CEO's salary is $1,029,744 and their total compensation is $1,067,550):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $1,029,744
- Related: $0
- Other: $37,806
- Compensation: $208,437
- Related: $0
- Other: $23,988
- Compensation: $357,579
- Related: $0
- Other: $44,259
- Compensation: $236,226
- Related: $0
- Other: $35,191
- Compensation: $163,202
- Related: $0
- Other: $33,004
- Compensation: $194,675
- Related: $0
- Other: $16,231
- Compensation: $173,251
- Related: $0
- Other: $9,114
- Compensation: $172,550
- Related: $0
- Other: $990
- Compensation: $157,015
- Related: $0
- Other: $13,918
- Compensation: $154,129
- Related: $0
- Other: $12,235
Official website here: www.elgacu.com
Where can I find the form 990 for Elga Credit Union?
Elga Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elgacu.com
Learn more at the official website: www.elgacu.com
Mission Statement of Elga Credit Union
Elga Credit Union, a financial institution dedicated to its members, strives to provide a wide range of services and products to cater to their financial needs. The mission of this credit union is clear: to offer financial assistance through various loans. These loans encompass real estate, credit cards, vehicles, and other essential financial solutions.
At the end of December 2022, the credit union had an impressive total of 78,515 loans outstanding. This figure underscores the extensive reach and impact that Elga Credit Union has on its membership base. By offering these financial products, the credit union empowers its members to meet their financial goals and navigate the complexities of the financial landscape. In doing so, Elga Credit Union plays a vital role in the financial wellbeing of its community.
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Impact
October, 2024
Elga Credit Union significantly enhances the financial well-being of its members by offering a wide range of services and products tailored to their needs. With a total of 78,515 outstanding loans as of December 31, 2022, the credit union supports its community through loans that include real estate, credit cards, and vehicle financing, making financial resources more accessible to individuals and families in Grand Blanc, MI.
By prioritizing its members, Elga Credit Union fosters economic empowerment, enabling individuals to achieve their financial goals. Whether it’s buying a home, purchasing a vehicle, or managing day-to-day expenses, the credit union provides essential financial tools, contributing to a stronger, more resilient community. Through its commitment to serving its members, Elga Credit Union plays a vital role in promoting financial literacy and stability, ultimately enhancing the overall quality of life for those it serves.
This information is meant to be a general summary of Elga 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 2023.
- Investment Income: $5,547,299
- Program Service Revenue: $101,238,840
- Gross Receipts: $109,873,162
Assets and Liabilities:
- Total Assets: $1,416,776,548
- Total Liabilities: $1,256,537,450
- Net Assets: $160,239,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$70,321,989
FEES, CHARGES, AND OTHER
Revenue
$30,538,397
FINANCE AND INSURANCE
Revenue
$378,454
Organization Details
Founding Year
1951
Principal Officer
Terry Katzur
Website
www.elgacu.comNTEE Category
Code: W60 - Public benefit
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