Avestar 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: 396069815 ✦ Waterloo, WI ✦ Designated as a 501(c)(14)

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Overview

What is Avestar Credit Union?

Avestar Credit Union, situated in Waterloo, Wisconsin, serves as a financial institution for its members. With a strong commitment to providing reliable and fair financial services, the credit union offers various deposit accounts. In the year 2022, they expanded their membership base by opening 416 new accounts, bringing their total to 3,824 members as of December 31st. The credit union ensures financial stability while offering competitive rates to its members. The team of 23 dedicated employees is dedicated to maintaining this balance.


Official website here: www.avestarcu.com

What do the Facebook reviews say about Avestar Credit Union?

96% of 17 reviewers on Facebook recommend Avestar Credit Union. Here is a summary of their reviews:

Many users express their positive experiences, highlighting the friendly and professional service they receive. Customers appreciate the helpfulness of the staff, noting that their needs are met with kindness. Overall, the sentiment towards Avestar Credit Union is highly favorable, with users feeling a strong sense of satisfaction and loyalty to the organization.


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

Is Avestar Credit Union legitimate?

Avestar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Avestar 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: $164,786
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,175

For more financial information, click here


Official website here: www.avestarcu.com

What is the mission statement of Avestar Credit Union?

Avestar Credit Union is dedicated to providing its members with reliable and fair financial services. This commitment ensures that members receive competitive rates while the financial stability of the credit union is maintained. The credit union offers various deposit accounts and had 416 new accounts opened in 2022, as of December 31st, serving a membership of 3,824 individuals.


Official website here: www.avestarcu.com

Who is the CEO of Avestar Credit Union?

Kay Radloff is the President & of Avestar Credit Union.


Official website here: www.avestarcu.com

What is the revenue of Avestar Credit Union?

Avestar Credit Union's revenue in 2022 was $1,692,693.


Official website here: www.avestarcu.com

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

The average compensation at Avestar Credit Union during 2022 was $29,868. There are 23 employees and 6 volunteers at Avestar Credit Union.


Here are 8 key members and their salaries:


Kay Radloff (President &)
  • Compensation: $87,551
  • Related: $0
  • Other: $3,190
Beth Haseleu (Vice Preside)
  • Compensation: $77,235
  • Related: $0
  • Other: $20,020
Lee Fiedorowicz (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Abell (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maryls Schmidt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Moon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Mason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.avestarcu.com

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

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


Official website here: www.avestarcu.com

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

Mission Statement of Avestar Credit Union

Avestar Credit Union, in its commitment to its members, is dedicated to providing them with reliable and trustworthy financial services. The credit union aims to offer its members fair and competitive rates, all while ensuring its own financial stability. By doing so, Avestar Credit Union aims to establish a strong and dependable financial institution for its members.

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Impact




October, 2024

Avestar Credit Union significantly impacts the community in Waterloo, WI, by delivering reliable and accessible financial services to its members. In 2022, the credit union opened 416 new deposit accounts, reflecting its commitment to helping individuals and families manage their finances effectively. With a membership base of 3,824 as of the end of 2022, Avestar ensures that members benefit from fair and competitive rates while prioritizing the overall financial stability of the institution. This focus not only supports individual financial wellness but also contributes to the broader economic health of the community. Avestar's dedication to providing sound financial services fosters trust and reliability, making it a pillar of support for its members.




This information is meant to be a general summary of Avestar 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
$1,692,693 (2022)
Expenses
$1,505,666 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $76,943
  • Program Service Revenue: $1,593,630
  • Gross Receipts: $1,699,918

Assets and Liabilities:

  • Total Assets: $37,347,210
  • Total Liabilities: $33,973,785
  • Net Assets: $3,373,425

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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

$1,292,623

ACCOUNT FEES AND CHARGES

Revenue

$192,894

OTHER MEMBER RELATED INCOME

Revenue

$99,553

NON-MBR CVR-DMV FEES

Revenue

$4,968

NON-MBR ATM FEES

Revenue

$3,592

Organization Details

Founding Year

1964

Principal Officer

Kay Radloff

Main Address

125 W MADISON ST, WATERLOO, WI, 53594

NTEE Category

Code: W60 - Public benefit

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