Overview
What is Leading Edge Credit Union?
Leading Edge Credit Union is a member-owned financial cooperative located in Worthington, Minnesota, specifically at 1127 Ryan's Road. With a strong commitment to its community and members, the credit union offers various financial services and currently manages 6,674 loans totaling $110,192,904. The mission of Leading Edge Credit Union is to provide exceptional products and services, aiming to foster financial growth and future success for its members. The organization boasts a team of 74 dedicated employees, ensuring personalized assistance to its 10,553 members.
Official website here: www.leadingedgecu.org
What do the Facebook reviews say about Leading Edge Credit Union?
96% of 25 reviewers on Facebook recommend Leading Edge Credit Union. Here is a summary of their reviews:
The positive sentiment is evident in the feedback, with users expressing appreciation for the customer service and community involvement of the credit union. Many highlight the thoughtful gestures, such as the gift baskets given during appreciation events, which suggest that the organization values its members and fosters a friendly atmosphere.
Overall, reviewers seem to be pleased with their experiences, indicating that Leading Edge Credit Union successfully delivers on its commitment to member satisfaction and community engagement, creating a supportive environment for its patrons.
This AI summary has been generated from reviews found on Facebook.
Is Leading Edge Credit Union legitimate?
Leading Edge Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leading Edge 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: $644,321
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,054,593
For more financial information, click here
Official website here: www.leadingedgecu.org
What is the mission statement of Leading Edge Credit Union?
Leading Edge Credit Union, as a member-owned financial cooperative, is dedicated to providing exceptional financial products and services. Their mission is to contribute to the financial growth and future success of their communities and members. By focusing on this objective, they aim to offer benefits that promote the well-being of their clientele. The credit union currently manages over 6,600 loans totalling $110,192,904 for their 10,553 members.
Official website here: www.leadingedgecu.org
Who is the CEO of Leading Edge Credit Union?
Chad Merrihew is the Ceo & President of Leading Edge Credit Union. The CEO's salary of Leading Edge Credit Union is $245,518 and their total compensation is $277,684.
Official website here: www.leadingedgecu.org
What is the revenue of Leading Edge Credit Union?
Leading Edge Credit Union's revenue in 2022 was $7,569,554.
Official website here: www.leadingedgecu.org
Who are the executives of Leading Edge Credit Union and what are their salaries?
The average compensation at Leading Edge Credit Union during 2022 was $36,472. There are 74 employees at Leading Edge Credit Union.
Here are 11 key members and their salaries (Leading Edge Credit Union's CEO's salary is $245,518 and their total compensation is $277,684):
- Compensation: $1,560
- Related: $0
- Other: $0
- Compensation: $176
- Related: $0
- Other: $0
- Compensation: $583
- Related: $0
- Other: $0
- Compensation: $462
- Related: $0
- Other: $0
- Compensation: $1,573
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $660
- Related: $0
- Other: $0
- Compensation: $245,518
- Related: $0
- Other: $32,166
- Compensation: $107,575
- Related: $0
- Other: $11,525
- Compensation: $107,719
- Related: $0
- Other: $19,009
- Compensation: $104,861
- Related: $0
- Other: $10,934
Official website here: www.leadingedgecu.org
Where can I find the form 990 for Leading Edge Credit Union?
Leading Edge Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leadingedgecu.org
Learn more at the official website: www.leadingedgecu.org
Mission Statement of Leading Edge Credit Union
Leading Edge Credit Union, a member-owned financial cooperative, is dedicated to providing exceptional financial products and services. Their mission is centered around fostering the financial growth and future success of their communities and members. This financial institution operates with the belief that they are a trusted financial partner, committed to benefiting the well-being of the communities they serve. By doing so, they aim to contribute to the overall financial prosperity of their members. As of the current data, Leading Edge Credit Union has extended loans totaling $110,192,904 to over 10,553 of its members, demonstrating their commitment to financial support.
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Impact
October, 2024
Leading Edge Credit Union plays a vital role in the financial well-being of its community. With 10,553 members benefitting from its services, the credit union currently manages 6,674 loans totaling $110,192,904. By providing accessible financial products, Leading Edge fosters economic growth and stability in Worthington, MN. Its mission emphasizes exceptional service and a commitment to enhancing the financial future of both its members and the wider community, positioning it as a trusted financial cooperative dedicated to public benefit.
This information is meant to be a general summary of Leading Edge 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: $306,627
- Program Service Revenue: $7,262,927
- Gross Receipts: $7,582,542
Assets and Liabilities:
- Total Assets: $149,217,727
- Total Liabilities: $138,253,879
- Net Assets: $10,963,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,057,681
FEES & CHARGES
Revenue
$1,132,055
OTHER OPERATING INCOME
Revenue
$1,073,191
Organization Details
Founding Year
1986
Phone
(507) 775-2802Principal Officer
Chad Merrihew
Main Address
1127 RYANS ROAD, WORTHINGTON, MN, 56187
Website
www.leadingedgecu.orgNTEE Category
Code: W60 - Public benefit
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