Athens Area Credit Union

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

EIN: 396060364 ✦ Athens, WI ✦ Designated as a 501(c)(14)

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Overview

What is Athens Area Credit Union?

Athens Area Credit Union is a community-focused financial institution located in Athens, Wisconsin. With a strong commitment to serving its members, the credit union offers a variety of deposit accounts and opened 595 new accounts in 2022. As of December 31, 2022, they had a membership base of 2,940 individuals. The credit union's mission is to provide excellent financial services, ensuring competitive rates and maintaining long-term financial stability. With a dedicated workforce of 12 employees, Athens Area Credit Union strives to meet its members' financial needs effectively.


Official website here: www.athensareacu.com

Is Athens Area Credit Union legitimate?

Athens Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Athens Area 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: $126,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,622

For more financial information, click here


Official website here: www.athensareacu.com

What is the mission statement of Athens Area Credit Union?

Athens Area Credit Union is dedicated to providing the best possible financial services to cater to its members' needs. By offering competitive rates on various financial services, the credit union strives to ensure its long-term financial stability. The institution prides itself on opening 595 new deposit accounts in 2022, serving a membership of 2,940 individuals as of December 31, 2022. The credit union's mission is centered around meeting the financial needs of its members while maintaining a robust financial standing.


Official website here: www.athensareacu.com

Who is the CEO of Athens Area Credit Union?

Valerie Murray is the President of Athens Area Credit Union.


Official website here: www.athensareacu.com

What is the revenue of Athens Area Credit Union?

Athens Area Credit Union's revenue in 2022 was $985,585.


Official website here: www.athensareacu.com

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

The average compensation at Athens Area Credit Union during 2022 was $26,133. There are 12 employees and 5 volunteers at Athens Area Credit Union.


Here are 7 key members and their salaries:


Valerie Murray (President)
  • Compensation: $76,950
  • Related: $0
  • Other: $5,910
Laura Petrie (Vice Preside)
  • Compensation: $50,020
  • Related: $0
  • Other: $3,526
Charles Kornack (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Stencil (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Albrecht (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Czech (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Janke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.athensareacu.com

Where can I find the form 990 for Athens Area Credit Union?

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


Official website here: www.athensareacu.com

Learn more at the official website: www.athensareacu.com

Mission Statement of Athens Area Credit Union

Athens Area Credit Union, a financial institution dedicated to its members, is committed to providing the best possible financial services. Their mission is centered around meeting the needs of their members by offering competitive rate financial services. This mission is underpinned by the credit union's commitment to maintaining its long-term financial stability. By providing a range of financial services at reasonable rates, Athens Area Credit Union aims to cater to the diverse financial needs of its members, ensuring their financial well-being. As of 2022, the credit union had successfully opened 595 new deposit accounts, serving a membership of 2,940 individuals.

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Impact




October, 2024

Athens Area Credit Union significantly impacts the financial well-being of its members by offering a range of financial services designed to meet their needs. By providing competitive rates on various deposit accounts, the credit union supports its 2,940 members in achieving their financial goals. In 2022 alone, it welcomed 595 new deposit accounts, demonstrating a commitment to fostering a robust financial community. This focus on accessibility ensures that individuals in Athens, WI, can benefit from sound financial services while promoting long-term stability for the credit union itself. Through its mission, Athens Area Credit Union enhances the economic landscape of the community, promoting financial health and empowerment among its members.




This information is meant to be a general summary of Athens Area 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
$985,585 (2022)
Expenses
$858,281 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $383,827
  • Program Service Revenue: $598,993
  • Gross Receipts: $985,585

Assets and Liabilities:

  • Total Assets: $52,635,978
  • Total Liabilities: $47,869,779
  • Net Assets: $4,766,199

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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

$422,091

MEMBER FEE INCOME

Revenue

$169,374

OTHER MEMBER RELATED INCOME

Revenue

$7,528

Organization Details

Founding Year

1959

Principal Officer

Valerie Murray

Main Address

PO BOX 98, ATHENS, WI, 54411

NTEE Category

Code: W60 - Public benefit

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