Overview
What is Empower Credit Union?
Empower Credit Union, located at 10635 W Greenfield Ave, West Allis, WI 53214, is a nonprofit organization dedicated to fostering thrift and responsible borrowing among its members. With a staff of 26, the credit union plays a pivotal role in promoting financial prudence and sensible borrowing practices amongst its members. While specific programs or initiatives were not provided in the given information, it is clear that Empower Credit Union is committed to supporting its members in managing their finances in a responsible manner.
Official website here: www.empower-cu.org
Is Empower Credit Union legitimate?
Empower Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Empower 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: $449,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,621
For more financial information, click here
Official website here: www.empower-cu.org
What is the mission statement of Empower Credit Union?
Empower Credit Union's mission is centered around promoting financial prudence and responsible borrowing among its members. This non-profit organization strives to encourage its members to save wisely and borrow responsibly, fostering financial stability and well-being. By doing so, Empower Credit Union aims to contribute positively to its members' financial journeys. It does not provide specific services or programs beyond promoting thrift and responsible borrowing.
Official website here: www.empower-cu.org
Who is the CEO of Empower Credit Union?
Michael Brandt is the Ceo of Empower Credit Union. The CEO's salary of Empower Credit Union is $136,172 and their total compensation is $153,147.
Official website here: www.empower-cu.org
What is the revenue of Empower Credit Union?
Empower Credit Union's revenue in 2022 was $3,224,486.
Official website here: www.empower-cu.org
Who are the executives of Empower Credit Union and what are their salaries?
The average compensation at Empower Credit Union during 2022 was $43,886. There are 26 employees and 6 volunteers at Empower Credit Union.
Here are 10 key members and their salaries (Empower Credit Union's CEO's salary is $136,172 and their total compensation is $153,147):
- Compensation: $136,172
- Related: $0
- Other: $16,975
- 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: $102,000
- Related: $0
- Other: $12,653
- Compensation: $83,308
- Related: $0
- Other: $4,923
- Compensation: $80,750
- Related: $0
- Other: $12,630
Official website here: www.empower-cu.org
Where can I find the form 990 for Empower Credit Union?
Empower Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.empower-cu.org
Learn more at the official website: www.empower-cu.org
Mission Statement of Empower Credit Union
Empower Credit Union is dedicated to advocating for thrift and responsible borrowing practices among its members. In simpler terms, the credit union aims to encourage its members to save and borrow wisely. This mission is a guiding principle that empowers members to make financially sound decisions, fostering economic stability and growth. By promoting thrift, Empower Credit Union helps its members build a solid financial foundation, while responsible borrowing ensures they can meet their financial obligations without undue burden. This approach, in turn, supports the overall financial well-being of the credit union's members.
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Impact
October, 2024
Empower Credit Union significantly impacts its community by promoting thrift and responsible borrowing among its members in West Allis, Wisconsin. By emphasizing the importance of savings and prudent financial management, the credit union fosters a culture of financial stability and empowerment. This commitment not only enhances individual financial literacy but also contributes to the overall economic well-being of the community. Through its initiatives, Empower Credit Union helps members make informed financial decisions, ultimately promoting a healthier financial ecosystem that benefits everyone involved.
This information is meant to be a general summary of Empower 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: $214,412
- Program Service Revenue: $2,539,959
- Gross Receipts: $3,224,486
Assets and Liabilities:
- Total Assets: $98,901,660
- Total Liabilities: $80,896,314
- Net Assets: $18,005,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,228,864
FEE INCOME
Revenue
$311,095
Organization Details
Founding Year
1914
Phone
(414) 988-6600Principal Officer
Michael Brandt
Main Address
10635 W GREENFIELD AVE, WEST ALLIS, WI, 53214
Website
www.empower-cu.orgNTEE Category
Code: W60 - Public benefit
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