Taylor Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390931830 ✦ Medford, WI ✦ Designated as a 501(c)(14)

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Overview

What is Taylor Credit Union?

Taylor Credit Union is a financial institution based in Medford, Wisconsin, with a postal address at PO Box 427. It offers various deposit accounts to its members, and in 2022, it opened 677 new deposit accounts. As of December 31, 2022, the credit union had a membership of 7,728 individuals. Taylor Credit Union is committed to supporting its members throughout their life journeys, as evidenced by their mission statement. The credit union boasts a workforce of 33 employees, dedicated to serving their members' financial needs.


Official website here: www.taylorcu.org

What do the Facebook reviews say about Taylor Credit Union?

94% of 16 reviewers on Facebook recommend Taylor Credit Union. Here is a summary of their reviews:

Many users express frustration with the lack of modern conveniences offered by Taylor Credit Union, particularly in terms of digital banking options such as smartphone check scanning and online address changes. Several reviewers noted that the necessity to handle such changes physically was inconvenient, leading to feelings of dissatisfaction, especially when delays in service caused additional issues, like the inability to receive important shipments at work.

Despite these concerns, a significant portion of reviewers still recommend the credit union, indicating that some customers may appreciate the personalized service and traditional banking approach. However, the overall sentiment leans towards a desire for innovation and improved accessibility in services, suggesting that updating these capabilities could enhance customer satisfaction in the future.


This AI summary has been generated from reviews found on Facebook.

Is Taylor Credit Union legitimate?

Taylor Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Taylor 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: $121,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $877,471

For more financial information, click here


Official website here: www.taylorcu.org

What is the mission statement of Taylor Credit Union?

Taylor Credit Union is dedicated to supporting its members in achieving success throughout their lives. This mission is reflected in their passion to assist members in various stages of their journey. The credit union offers a range of deposit accounts to cater to the financial needs of its members. In 2022, they opened 677 new deposit accounts, indicating their continued growth and commitment to their members. As of December 31, 2022, they had a membership of 7,728 individuals.


Official website here: www.taylorcu.org

Who is the CEO of Taylor Credit Union?

Debra Woods is the President / of Taylor Credit Union.


Official website here: www.taylorcu.org

What is the revenue of Taylor Credit Union?

Taylor Credit Union's revenue in 2022 was $3,119,541.


Official website here: www.taylorcu.org

Who are the executives of Taylor Credit Union and what are their salaries?

The average compensation at Taylor Credit Union during 2022 was $30,278. There are 33 employees and 7 volunteers at Taylor Credit Union.


Here are 9 key members and their salaries:


Debra Woods (President /)
  • Compensation: $115,042
  • Related: $0
  • Other: $24,418
Mike Handel (Chair)
  • Compensation: $1,680
  • Related: $0
  • Other: $0
Marie Koerner (Secretary/Tr)
  • Compensation: $1,440
  • Related: $0
  • Other: $0
Gary Kohn (Director)
  • Compensation: $790
  • Related: $0
  • Other: $0
Vicki Ahles (Vice Chair)
  • Compensation: $780
  • Related: $0
  • Other: $0
Georgine Bohl (Director)
  • Compensation: $780
  • Related: $0
  • Other: $0
Cathy Clement (Director)
  • Compensation: $640
  • Related: $0
  • Other: $0
Donal Hadden (Director)
  • Compensation: $490
  • Related: $0
  • Other: $0
Dwayne Parkinson (Director)
  • Compensation: $70
  • Related: $0
  • Other: $0


Official website here: www.taylorcu.org

Where can I find the form 990 for Taylor Credit Union?

Taylor Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.taylorcu.org

Learn more at the official website: www.taylorcu.org

Mission Statement of Taylor Credit Union

Taylor Credit Union is committed to seeing its members thrive throughout their life journeys. This mission is at the heart of its operations, driving the credit union to provide various deposit account options for its members. In 2022, Taylor Credit Union opened 677 new deposit accounts, reflecting its dedication to serving its members' financial needs. As of December 31, 2022, the credit union boasted a membership of 7,728 individuals, further underscoring its success in fulfilling its mission. Taylor Credit Union's mission is not just about offering financial services; it's about being a partner in its members' lives, helping them navigate their financial journeys with confidence and success.

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Impact




October, 2024

Taylor Credit Union plays a significant role in fostering financial well-being within the Medford community. With a mission centered on supporting individuals throughout their financial journeys, the credit union actively engages with its members by offering a variety of deposit accounts tailored to diverse financial needs.

In 2022 alone, Taylor Credit Union welcomed 677 new deposit accounts, indicating a strong commitment to expanding access to banking services and encouraging savings among its members. The growing membership, which reached 7,728 by the end of 2022, underscores the credit union's impact in fostering a sense of community and trust, as it strives to empower individuals on their path to financial success.

Through its operations and outreach, Taylor Credit Union contributes significantly to the economic vitality of Medford, helping members achieve their financial goals and enhancing overall community well-being.




This information is meant to be a general summary of Taylor 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.

Revenue
$3,119,541 (2022)
Expenses
$2,755,324 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $388,038
  • Program Service Revenue: $2,722,025
  • Gross Receipts: $3,119,541

Assets and Liabilities:

  • Total Assets: $81,116,801
  • Total Liabilities: $74,085,126
  • Net Assets: $7,031,675

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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

$1,803,231

OTHER MEMBER RELATED REVENUE

Revenue

$632,921

MEMBER FEE INCOME

Revenue

$276,113

FEE & INSURANCE INCOME

Revenue

$9,760

Organization Details

Founding Year

1951

Principal Officer

Debra Woods

Main Address

PO BOX 427, MEDFORD, WI, 54451

NTEE Category

Code: W60 - Public benefit

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