Overview
What is 1st Class Express Credit Union?
1st Class Express Credit Union is a member-oriented financial institution located in Waukesha, Wisconsin. Established with a mission to promote savings among its members, it serves as a source of reasonable credit and offers opportunities for economic improvement. As of December 31, 2022, the credit union had 662 members and opened 34 new deposit accounts during the year. The organization's activities are guided by its commitment to encourage thrift, provide affordable credit, and help its members improve their economic and social conditions. With a small workforce of 4 employees, 1st Class Express Credit Union offers various deposit accounts to its members, contributing to their financial well-being.
Is 1st Class Express Credit Union legitimate?
1st Class Express Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Class Express 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: $40,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,819
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What is the mission statement of 1st Class Express Credit Union?
The 1st Class Express Credit Union is dedicated to promoting thrift among its members, establishing a reliable and reasonably priced source of credit, and offering each member an opportunity to enhance their economic and social conditions. This mission aims to empower members by providing them with various deposit account options, fostering financial improvement. As of December 2022, the credit union had 662 members and opened 34 new deposit accounts during the year.
Who is the CEO of 1st Class Express Credit Union?
Susan Ross is the President of 1st Class Express Credit Union.
What is the revenue of 1st Class Express Credit Union?
1st Class Express Credit Union's revenue in 2022 was $153,938.
Who are the executives of 1st Class Express Credit Union and what are their salaries?
The average compensation at 1st Class Express Credit Union during 2022 was $13,305. There are 4 employees and 9 volunteers at 1st Class Express Credit Union.
Here are 6 key members and their salaries:
- Compensation: $40,400
- Related: $0
- Other: $6,988
- 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
Where can I find the form 990 for 1st Class Express Credit Union?
1st Class Express Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1st Class Express Credit Union
First Class Express Credit Union is dedicated to inspiring savings among its members, establishing a reliable and affordable source of credit, and offering each member the chance to enhance their economic and social standing. By encouraging thrift, the credit union aims to provide a platform for its members to improve their financial well-being. Furthermore, it seeks to offer credit at reasonable prices, thereby serving as a financial support system for its members.
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Impact
October, 2024
1st Class Express Credit Union significantly impacts its community by promoting savings and providing affordable credit options. With a mission focused on encouraging thrift among members, the credit union facilitates financial stability and personal growth. In 2022, it successfully opened 34 new deposit accounts, reflecting its commitment to increasing financial accessibility for its 662 members. By creating opportunities for economic improvement and enhancing social conditions, the credit union plays a crucial role in fostering a financially empowered community in Waukesha, Wisconsin.
This information is meant to be a general summary of 1st Class Express 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: $16,000
- Program Service Revenue: $131,338
- Gross Receipts: $153,938
Assets and Liabilities:
- Total Assets: $2,791,879
- Total Liabilities: $2,299,130
- Net Assets: $492,749
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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
$126,068
MEMBER FEE INCOME
Revenue
$5,123
OTHER MEMBER RELATED REVENUE
Revenue
$147
Organization Details
Founding Year
1932
Phone
(262) 225-0720Principal Officer
Susan Ross
Main Address
PO BOX 1, WAUKESHA, WI, 53187
NTEE Category
Code: W60 - Public benefit
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