Greater Community Credit Union

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

EIN: 416030714 ✦ Dawson, MN ✦ Designated as a 501(c)(14)

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Overview

What is Greater Community Credit Union?

Greater Community Credit Union, identified as Dawson Coop Credit Union, plays a significant role in its community as the main financial institution for its members. It is dedicated to providing top-notch, cost-effective services to its membership, ensuring they receive dividends and interest on their accounts. The credit union demonstrates its commitment to the community by holding an annual meeting, where the operations are reported and new board members are elected. Its mission encompasses being a community leader and serving as the primary financial institution for its members, offering high-quality, affordable services.


Official website here: www.dawsonco-opcu.com

Is Greater Community Credit Union legitimate?

Greater Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Greater Community 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: $196,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,274,903

For more financial information, click here


Official website here: www.dawsonco-opcu.com

What is the mission statement of Greater Community Credit Union?

The Greater Community Credit Union strives to serve as a pioneer in its community, specifically aiming to be the primary financial institution for its members. It provides its membership with high-quality, cost-effective services. The credit union holds an annual meeting, during which the operations are reviewed, and new board members are elected. By doing so, the credit union aims to contribute positively to its community while ensuring financial benefits for its members.


Official website here: www.dawsonco-opcu.com

Who is the CEO of Greater Community Credit Union?

John Nevins is the Manager of Greater Community Credit Union.


Official website here: www.dawsonco-opcu.com

What is the revenue of Greater Community Credit Union?

Greater Community Credit Union's revenue in 2022 was $8,742,446.


Official website here: www.dawsonco-opcu.com

Who are the executives of Greater Community Credit Union and what are their salaries?

The average compensation at Greater Community Credit Union during 2022 was $39,767. There are 37 employees at Greater Community Credit Union.


Here are 10 key members and their salaries:


John Nevins (Manager)
  • Compensation: $158,916
  • Related: $0
  • Other: $37,546
Betty Adelman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dove (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Fitzner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Fjerkenstad (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Langston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Mckeever (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janell Welling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Zaske (V. President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dawsonco-opcu.com

Where can I find the form 990 for Greater Community Credit Union?

Greater Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dawsonco-opcu.com

Learn more at the official website: www.dawsonco-opcu.com

Mission Statement of Greater Community Credit Union

Greater Community Credit Union, as a leading entity in its community, is committed to serving its members as their primary financial institution. The credit union offers its membership high-quality, cost-effective services, ensuring that their financial needs are met with efficiency and affordability. The mission of Greater Community Credit Union is multifaceted, encompassing not only providing financial services but also fostering a sense of community leadership.

At the heart of this mission, Greater Community Credit Union offers its members a wide range of financial products and services. These services are designed to be both accessible and affordable, ensuring that its members can manage their financial affairs with ease and confidence. The credit union's dedication to its members extends beyond simple transactions, as it also pays dividends and interest on their accounts, further enhancing their financial well-being.

In addition to its financial services, Greater Community Credit Union also fosters a sense of community leadership. This is evident in its annual meetings, where the credit union's operations are reported on and board members are elected. This democratic process not only allows the credit union's members to have a voice in its direction but also fosters a sense of community engagement and ownership. By being a leader in its community and providing high-quality, low-cost services to its members, Greater Community Credit Union is truly committed to being more than just a financial institution; it is a vital part of its community's fabric.

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Impact




October, 2024

Greater Community Credit Union plays a vital role in the financial well-being of its members and the wider community. By providing high-quality, low-cost financial services, it ensures that members have access to essential banking resources that help them manage their finances effectively. The credit union prioritizes the interests of its members, offering dividends and interest on accounts, which enhances the financial growth of its community.

In addition to individual financial support, Greater Community Credit Union demonstrates leadership within Dawson, MN, embodying a commitment to community development and engagement. Its annual meetings foster transparency and collaboration, allowing members to be actively involved in decision-making processes and governance. This inclusive approach strengthens community bonds and empowers individuals to take charge of their financial futures.

Through its operations, Greater Community Credit Union not only meets the immediate financial needs of its members but also contributes to the overall economic health of the region, positioning itself as an essential institution in the community.




This information is meant to be a general summary of Greater Community 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
$8,742,446 (2022)
Expenses
$4,972,755 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,585,681
  • Program Service Revenue: $7,137,591
  • Gross Receipts: $8,961,464

Assets and Liabilities:

  • Total Assets: $274,484,822
  • Total Liabilities: $229,960,338
  • Net Assets: $44,524,484

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Programs

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

LOAN INTEREST

Revenue

$6,180,049

DEBIT CARD INTERCHANGE/MISC.

Revenue

$472,098

MISCELLANEOUS

Revenue

$254,242

DRAFT/OVERDRAFT RETURN FEES

Revenue

$155,139

SAFE DEPOSIT BOX/LATE FEES

Revenue

$74,873

Organization Details

Founding Year

1961

Principal Officer

John Nevins

Main Address

PO BOX 1002 711 6TH ST, DAWSON, MN, 56232

NTEE Category

Code: W60 - Public benefit

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