Overview
What is Electric Machinery Employees Credit Union?
The Electric Machinery Employees Credit Union is a nonprofit organization dedicated to offering financial services and products to its members. Their mission is to ensure competitive rates on savings accounts and provide low-cost loans, thereby serving the financial needs of their members effectively. This credit union is committed to delivering financial security and stability to its members.
Official website here: www.emcu.org
Is Electric Machinery Employees Credit Union legitimate?
Electric Machinery Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Electric Machinery Employees 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: $75,791
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,382
For more financial information, click here
Official website here: www.emcu.org
What is the mission statement of Electric Machinery Employees Credit Union?
The Electric Machinery Employees Credit Union is dedicated to providing its members with financial services and products. This commitment includes offering savings accounts and loans at competitive rates, as well as providing low-cost loans. The mission of the credit union is to align its financial offerings with the needs and expectations of its membership. In essence, the Electric Machinery Employees Credit Union aims to offer its members financially beneficial products and services.
Official website here: www.emcu.org
Who is the CEO of Electric Machinery Employees Credit Union?
Gregory D Ericson is the President of Electric Machinery Employees Credit Union.
Official website here: www.emcu.org
What is the revenue of Electric Machinery Employees Credit Union?
Electric Machinery Employees Credit Union's revenue in 2022 was $331,496.
Official website here: www.emcu.org
Who are the executives of Electric Machinery Employees Credit Union and what are their salaries?
The average compensation at Electric Machinery Employees Credit Union during 2022 was $62,086. There are 2 employees and 7 volunteers at Electric Machinery Employees Credit Union.
Here are 6 key members and their salaries:
- Compensation: $75,790
- 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
Official website here: www.emcu.org
Where can I find the form 990 for Electric Machinery Employees Credit Union?
Electric Machinery Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emcu.org
Learn more at the official website: www.emcu.org
Mission Statement of Electric Machinery Employees Credit Union
Electric Machinery Employees Credit Union is committed to providing financial services and products that align with its membership. Its mission, in simple terms, is to offer competitive rates on savings accounts and provide low-cost loans to its members. By doing so, the credit union aims to meet the financial needs of its members, ensuring they have access to essential financial tools at affordable costs. The credit union's primary goal is to provide financial services that are consistent with its membership, thereby fostering financial stability and well-being among its members.
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Impact
October, 2024
Electric Machinery Employees Credit Union plays a vital role in the Minneapolis community by offering competitive rates on savings accounts and low-cost loans to its members. The organization is dedicated to providing financial services and products that align with the specific needs of its membership. By ensuring access to affordable financial products, the credit union supports the financial well-being of its members, empowering them to save more effectively and borrow responsibly. This commitment fosters a sense of community and public benefit, making a positive impact on the lives of individuals and families in the area.
This information is meant to be a general summary of Electric Machinery Employees 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: $37,721
- Program Service Revenue: $293,775
- Gross Receipts: $331,496
Assets and Liabilities:
- Total Assets: $8,848,914
- Total Liabilities: $7,113,780
- Net Assets: $1,735,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
member loan interest
Revenue
$245,060
ATM program
Revenue
$1,123
NCUA corp resolution
Revenue
$43,436
Organization Details
Founding Year
1947
Phone
(612) 378-8100Principal Officer
Gregory D Ericson
Main Address
800 Central Ave NE, Minneapolis, MN, 55413
Website
www.emcu.orgNTEE Category
Code: W60 - Public benefit
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