Overview
What is Gas & Electric Employees Credit Union?
Gas & Electric Employees Credit Union is a nonprofit financial institution located within the realm of credit unions. It extends its services exclusively to eligible members, offering a variety of financial assistance. The primary mission of this organization is to deliver financial support, serving as a reliable and accessible resource for its qualified members. By doing so, Gas & Electric Employees Credit Union plays a crucial role in fostering financial stability and independence within its community.
Is Gas & Electric Employees Credit Union legitimate?
Gas & Electric Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gas & Electric 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: $53,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gas & Electric Employees Credit Union?
Gas & Electric Employees Credit Union is committed to providing financial services to eligible members, acting as both a credit union and a financial institution. Their mission is to offer a range of financial solutions to these qualified individuals, ensuring they have access to necessary financial tools. By operating as a credit union, Gas & Electric Employees Credit Union aims to foster a sense of community and financial empowerment among its members.
Who is the CEO of Gas & Electric Employees Credit Union?
Angela Sorenson is the Manager of Gas & Electric Employees Credit Union.
What is the revenue of Gas & Electric Employees Credit Union?
Gas & Electric Employees Credit Union's revenue in 2022 was $139,400.
Who are the executives of Gas & Electric Employees Credit Union and what are their salaries?
The average compensation at Gas & Electric Employees Credit Union during 2022 was $17,682. There are 3 employees and 6 volunteers at Gas & Electric Employees Credit Union.
Here are 3 key members and their salaries:
- Compensation: $39,609
- Related: $0
- Other: $0
- Compensation: $9,888
- Related: $0
- Other: $0
- Compensation: $4,390
- Related: $0
- Other: $0
Where can I find the form 990 for Gas & Electric Employees Credit Union?
Gas & Electric Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gas & Electric Employees Credit Union
Gas & Electric Employees Credit Union, as a credit union and financial institution, is committed to providing financial services to qualified members. Their mission, in essence, is to extend financial assistance and resources to individuals who meet the specific criteria required to become members of the credit union. By offering a range of financial services, Gas & Electric Employees Credit Union aims to empower and support its members in managing their finances effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Gas & Electric Employees Credit Union positively impacts the community by providing essential financial services tailored to qualified members. Located in Mason City, IA, the credit union focuses on delivering affordable banking options, promoting financial literacy, and fostering economic empowerment among its members. By offering personalized services, it ensures that individuals have the necessary resources to make sound financial decisions. This commitment to community support enhances members’ quality of life, contributing to overall community well-being and stability.
This information is meant to be a general summary of Gas & Electric 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: $22,690
- Program Service Revenue: $115,805
- Gross Receipts: $139,400
Assets and Liabilities:
- Total Assets: $4,953,975
- Total Liabilities: $3,024,771
- Net Assets: $1,929,204
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$115,805
Organization Details
Founding Year
1932
Phone
(641) 903-1714Principal Officer
Angela Sorenson
Main Address
1602 S Monroe Ave, Mason City, IA, 50401
NTEE Category
Code: W60 - Public benefit
If you are a representative of Gas & Electric Employees Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.