Alexandria School Employees Credit Union

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

EIN: 410856059 ✦ Alexandria, MN ✦ Designated as a 501(c)(14)

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Overview

What is Alexandria School Employees Credit Union?

Alexandria School Employees Credit Union is a state-chartered financial institution, specifically a credit union, located within the Alexandria School District area. Established with the mission to serve educators and their families, this nonprofit organization offers its members various financial services such as share accounts and consumer loans. The focus lies on providing high-quality savings and loan options to its members, aiming to enhance their financial wellbeing. The credit union operates under strict regulations and guidelines due to its state charter, ensuring the security and reliability of its financial services.


Official website here: www.alexcreditunion.org

Is Alexandria School Employees Credit Union legitimate?

Alexandria School Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alexandria School 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: $56,174
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.alexcreditunion.org

What is the mission statement of Alexandria School Employees Credit Union?

Alexandria Schools Employees Credit Union, as a state-chartered institution, prioritizes offering top-tier savings and loan services to its members, primarily educators and their families within the Alexandria School District area. The credit union's mission is centered around providing exceptional financial assistance, aiming to enhance the financial well-being of its members. By focusing on educators, the credit union aims to support and strengthen the community it serves. It offers share accounts and consumer loans, ensuring its members have the financial tools they need to succeed.


Official website here: www.alexcreditunion.org

Who is the CEO of Alexandria School Employees Credit Union?

Cari Larson is the Treasurer of Alexandria School Employees Credit Union.


Official website here: www.alexcreditunion.org

What is the revenue of Alexandria School Employees Credit Union?

Alexandria School Employees Credit Union's revenue in 2022 was $263,333.


Official website here: www.alexcreditunion.org

Who are the executives of Alexandria School Employees Credit Union and what are their salaries?

The average compensation at Alexandria School Employees Credit Union during 2022 was $18,725. There are 3 employees and 10 volunteers at Alexandria School Employees Credit Union.


Here are 11 key members and their salaries:


Craig Andrews (Credit Committee Chair)
  • Compensation: $38,911
  • Related: $0
  • Other: $0
Cari Larson (Treasurer)
  • Compensation: $31,326
  • Related: $0
  • Other: $0
Carole Weber-Brown (Secretary/Asst Treasurer)
  • Compensation: $788
  • Related: $0
  • Other: $0
Pat Vickerman (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ziegler (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Dickey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ronning (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Pavek (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Larson (Supervisory Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Korynta (Credit Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennah Hawes (Credit Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alexcreditunion.org

Where can I find the form 990 for Alexandria School Employees Credit Union?

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


Official website here: www.alexcreditunion.org

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

Mission Statement of Alexandria School Employees Credit Union

Alexandria School Employees Credit Union, as a state-chartered credit union, is committed to serving its members by offering exceptional savings and loan opportunities. Its mission is centered around supporting educators and their families within the Alexandria School District area. The union's primary focus is to provide top-notch financial services, specifically in the form of share accounts and consumer loans, to those who are deeply involved in the educational sector. By doing so, Alexandria School Employees Credit Union aims to make a positive impact on the lives of its members, helping them manage their finances effectively and secure their financial future.

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Impact




October, 2024

Alexandria School Employees Credit Union plays a vital role in supporting educators and their families within the Alexandria School District area. By offering share accounts and consumer loans, it provides essential financial services tailored specifically to the needs of its members. This focus on educators ensures that they have access to exceptional savings opportunities and affordable credit options, which can enhance their financial stability and well-being. The credit union fosters a sense of community among its members, empowering them to achieve their financial goals while benefiting from the cooperative principles that prioritize member interests.




This information is meant to be a general summary of Alexandria School 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
$263,333 (2022)
Expenses
$202,121 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,846
  • Program Service Revenue: $247,867
  • Gross Receipts: $263,333

Assets and Liabilities:

  • Total Assets: $8,614,498
  • Total Liabilities: $0
  • Net Assets: $8,614,498

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest from member loans

Revenue

$247,867

Organization Details

Founding Year

1954

Principal Officer

Cari Larson

Main Address

2303 E Golf Course Rd NE, Alexandria, MN, 56308

NTEE Category

Code: W60 - Public benefit

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