Austin City Employees Credit Union

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

EIN: 410804553 ✦ Austin, MN ✦ Designated as a 501(c)(14)

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Overview

What is Austin City Employees Credit Union?

Austin City Employees Credit Union (ACECU) is a financial institution situated in Austin, Minnesota. With a strong focus on serving its members, ACECU offers various deposit accounts and provides loans, among other financial services. The credit union was active in 2022, opening 92 new deposit accounts and boasting a membership of 808 individuals as of December 31st. The organization is staffed by a team of 5 dedicated employees.


Official website here: www.austincityecu.org

Is Austin City Employees Credit Union legitimate?

Austin City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Austin City 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: $74,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,471

For more financial information, click here


Official website here: www.austincityecu.org

What is the mission statement of Austin City Employees Credit Union?

Austin City Employees Credit Union's mission is centered around providing financial services to its members. This is achieved through offering savings products, providing loans, and offering various other financial services. The credit union's primary goal is to cater to the financial needs of its members. In 2022, Austin City Employees Credit Union expanded its reach by opening 92 new deposit accounts. As of December 31, 2022, the credit union boasted a membership of 808 individuals.


Official website here: www.austincityecu.org

Who is the CEO of Austin City Employees Credit Union?

Marilyn Hansen is the President of Austin City Employees Credit Union.


Official website here: www.austincityecu.org

What is the revenue of Austin City Employees Credit Union?

Austin City Employees Credit Union's revenue in 2022 was $393,572.


Official website here: www.austincityecu.org

Who are the executives of Austin City Employees Credit Union and what are their salaries?

The average compensation at Austin City Employees Credit Union during 2022 was $26,239. There are 5 employees at Austin City Employees Credit Union.


Here are 6 key members and their salaries:


Marilyn Hansen (President)
  • Compensation: $59,243
  • Related: $0
  • Other: $5,924
Ann Christianson (Treasurer)
  • Compensation: $14,400
  • Related: $0
  • Other: $0
Kelly Lady (Secretary)
  • Compensation: $460
  • Related: $0
  • Other: $0
Melissa Swenson (Chair)
  • Compensation: $240
  • Related: $0
  • Other: $0
Jean Clark (Vice Chair)
  • Compensation: $220
  • Related: $0
  • Other: $0
Tricia Weichman (Director)
  • Compensation: $160
  • Related: $0
  • Other: $0


Official website here: www.austincityecu.org

Where can I find the form 990 for Austin City Employees Credit Union?

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


Official website here: www.austincityecu.org

Learn more at the official website: www.austincityecu.org

Mission Statement of Austin City Employees Credit Union

Austin City Employees Credit Union, in its mission, focuses on delivering financial services to its members. This is achieved through a variety of savings products, providing loans, and offering other financial services. The credit union's primary goal is to cater to the financial needs of its members, ensuring they have access to necessary financial tools. In 2022, the credit union expanded its deposit account offerings, opening 92 new accounts. As of December 31, 2022, Austin City Employees Credit Union had a membership of 808 individuals.

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Impact




October, 2024

Austin City Employees Credit Union (ACECU) has a significant positive impact on the Austin community by providing essential financial services tailored to the needs of its members. With a focus on offering a variety of savings products and loans, ACECU fosters financial stability and growth for individuals and families in the area.

In 2022, the credit union welcomed 92 new deposit accounts, reflecting its commitment to expanding financial access and empowering its 808 members. By facilitating savings and offering loans, ACECU supports the community's financial well-being and contributes to the overall economic vitality of Austin, MN. Through its diverse financial services, ACECU plays a crucial role in enhancing the quality of life for its members, helping them achieve their personal and financial goals.




This information is meant to be a general summary of Austin City 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.

Revenue
$393,572 (2022)
Expenses
$339,349 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $58,936
  • Program Service Revenue: $333,779
  • Gross Receipts: $393,572

Assets and Liabilities:

  • Total Assets: $11,423,117
  • Total Liabilities: $9,864,151
  • Net Assets: $1,558,966

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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

$272,731

OTHER MEMBER RELATED REVENUE

Revenue

$50,110

MEMBER FEE INCOME

Revenue

$10,938

Organization Details

Founding Year

1953

Principal Officer

Marilyn Hansen

Main Address

711 4TH AVE NE, AUSTIN, MN, 55912

NTEE Category

Code: W60 - Public benefit

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