Overview
What is Share Advantage Credit Union?
Share Advantage Credit Union is a member-focused financial institution based in Duluth, Minnesota, specifically located at 2502 Maple Grove Road. With a membership of approximately 4,132 individuals residing in Duluth, Hermantown, and Proctor, its primary mission is to cater to the financial needs of its members, ensuring their financial well-being both presently and in the future. This nonprofit organization, classified under Section 501(C)(14), operates with a team of 17 dedicated employees. The credit union offers various financial services, such as dividends and interest, and holds an annual meeting to engage with its members and discuss its activities.
Official website here: www.myshareadvantage.com
What do the Facebook reviews say about Share Advantage Credit Union?
92% of the eight reviewers on Facebook recommend Share Advantage Credit Union. Here is a summary of their reviews:
Overall, the sentiment towards Share Advantage Credit Union is quite positive. Members consistently highlight the friendly and professional service provided by the staff. Long-standing members express their loyalty, with some stating they've been with the credit union for over 40 years, which speaks volumes about their trust and satisfaction with the organization.
In addition to the welcoming atmosphere, the experiences shared indicate that the credit union effectively meets the needs of its members. The combination of trustworthy service and community-oriented values appears to create a strong bond between the credit union and its patrons.
This AI summary has been generated from reviews found on Facebook.
Is Share Advantage Credit Union legitimate?
Share Advantage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Share Advantage 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: $328,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $417,261
For more financial information, click here
Official website here: www.myshareadvantage.com
What is the mission statement of Share Advantage Credit Union?
Share Advantage Credit Union, as a Section 501(C)(14) entity, is committed to serving the financial needs of its members, both presently and in the future. Their mission is to ensure that they cater to the financial requirements of their 4,132 members in an effective and sustainable manner. The credit union's activities include offering dividends and interest to its members, as well as holding an annual meeting for member engagement and decision-making.
Official website here: www.myshareadvantage.com
Who is the CEO of Share Advantage Credit Union?
Kellee Lueck-Schafer is the Chair of Share Advantage Credit Union. The CEO's salary of Share Advantage Credit Union is $218,040 and their total compensation is $250,212.
Official website here: www.myshareadvantage.com
What is the revenue of Share Advantage Credit Union?
Share Advantage Credit Union's revenue in 2022 was $2,225,807.
Official website here: www.myshareadvantage.com
Who are the executives of Share Advantage Credit Union and what are their salaries?
The average compensation at Share Advantage Credit Union during 2022 was $43,862. There are 17 employees at Share Advantage Credit Union.
Here are 10 key members and their salaries (Share Advantage Credit Union's CEO's salary is $218,040 and their total compensation is $250,212):
- Compensation: $975
- Related: $0
- Other: $0
- Compensation: $975
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $975
- Related: $0
- Other: $0
- Compensation: $975
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $525
- Related: $0
- Other: $0
- Compensation: $218,040
- Related: $0
- Other: $32,172
- Compensation: $71,700
- Related: $0
- Other: $0
Official website here: www.myshareadvantage.com
Where can I find the form 990 for Share Advantage Credit Union?
Share Advantage Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myshareadvantage.com
Learn more at the official website: www.myshareadvantage.com
Mission Statement of Share Advantage Credit Union
Share Advantage Credit Union, as a credit union operating under Section 501(C)(14), is committed to serving the financial needs of its members, ensuring their financial well-being both now and in the future. The organization's mission is centered around meeting the financial requirements of its 4,132 members, located in Duluth, Hermantown, and Proctor. This mission is translated into action through the provision of dividends and interest, working towards the financial prosperity of its members. The annual meeting is another testament to Share Advantage Credit Union's dedication to its members, providing a platform for members to engage with the credit union and voice their concerns or suggestions.
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Impact
October, 2024
Share Advantage Credit Union plays a vital role in the financial landscape of Duluth, Hermantown, and Proctor, directly impacting the lives of its 4,132 members. By focusing on the financial needs of its community, the credit union provides essential services that promote fiscal responsibility and stability. Members benefit from competitive dividends and interest rates, which enhance their financial health and savings potential.
Through its annual meetings and collaborative engagement, Share Advantage fosters a sense of community and transparency, ensuring that member voices are heard and considered in decision-making processes. This commitment to serving its members not only supports individual financial well-being but also contributes to the overall economic vitality of the region. By investing in its members today, Share Advantage Credit Union is helping to secure their financial futures, making a meaningful impact on the community it serves.
This information is meant to be a general summary of Share Advantage 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: $347,775
- Program Service Revenue: $1,763,726
- Gross Receipts: $3,535,639
Assets and Liabilities:
- Total Assets: $61,488,258
- Total Liabilities: $57,040,002
- Net Assets: $4,448,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$1,406,572
SERVICE CHARGES & FEE INCOME
Revenue
$357,154
Organization Details
Founding Year
1926
Phone
(218) 722-5931Principal Officer
Kellee Lueck-Schafer
Main Address
2502 MAPLE GROVE RD, DULUTH, MN, 55811
Website
www.myshareadvantage.comNTEE Category
Code: W60 - Public benefit
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