Advantage Credit Union

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

EIN: 420670996 ✦ Newton, IA ✦ Designated as a 501(c)(14)

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Overview

What is Advantage Credit Union?

Advantage Credit Union, headquartered at 121 WEST 3RD STREET NORTH, NEWTON, Iowa 50208, is a dedicated financial institution serving its membership base. With a strong commitment to promoting thrift and providing credit at reasonable rates, the credit union offers a variety of financial services, including savings accounts, checking accounts, loan accounts, and credit/debit card accounts. Serving 6,545 members in the 2022 tax year, Advantage Credit Union strives to create new relationships and meet the financial needs of its members. The organization employs a team of 28 individuals, working tirelessly to ensure their members have access to the financial tools they require.


Official website here: www.acuiowa.org

Is Advantage Credit Union legitimate?

Advantage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Advantage 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: $306,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $702,055

For more financial information, click here


Official website here: www.acuiowa.org

What is the mission statement of Advantage Credit Union?

Advantage Credit Union is committed to serving its membership and forging new relationships. This is achieved by encouraging savings, offering affordable credit, and providing various financial services. The credit union's mission is to cater to the financial needs of its members, striving to build new connections in the process. It provides a range of financial products and services, including savings accounts, checking accounts, loan accounts, and credit/debit card accounts. During the 2022 tax year, the credit union served 6,545 members.


Official website here: www.acuiowa.org

Who is the CEO of Advantage Credit Union?

Leslie Brickman is the Chairperson of Advantage Credit Union. The CEO's salary of Advantage Credit Union is $112,355 and their total compensation is $138,885.


Official website here: www.acuiowa.org

What is the revenue of Advantage Credit Union?

Advantage Credit Union's revenue in 2022 was $5,005,661.


Official website here: www.acuiowa.org

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

The average compensation at Advantage Credit Union during 2022 was $36,024. There are 28 employees at Advantage Credit Union.


Here are 10 key members and their salaries (Advantage Credit Union's CEO's salary is $112,355 and their total compensation is $138,885):


Kim Clark (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darla Modlin (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenni Patty (Board Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hollie Vanwyk (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Bucklin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Odland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Modlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clint Gotta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Brickman (Ceo)
  • Compensation: $112,355
  • Related: $0
  • Other: $26,530
Michelle Ouren (Coo)
  • Compensation: $86,358
  • Related: $0
  • Other: $8,696


Official website here: www.acuiowa.org

Where can I find the form 990 for Advantage Credit Union?

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


Official website here: www.acuiowa.org

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

Mission Statement of Advantage Credit Union

Advantage Credit Union is committed to serving the needs of its members effectively and continuously strives to establish new relationships. This is achieved through promoting thrift, offering credit at reasonable rates, and providing various financial services. By doing so, the credit union aims to meet the financial needs of its members, fostering growth and strengthening their financial well-being. Advantage Credit Union offers a range of financial products and services, including savings accounts, checking accounts, loan accounts, and credit/debit card accounts. During the 2022 tax year, they served a total of 6,545 members, demonstrating their dedication to providing financial support to their members.

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Impact




October, 2024

Advantage Credit Union plays a crucial role in supporting its community by offering essential financial products and services tailored to the needs of its members. Located in Newton, IA, the credit union served 6,545 members during the 2022 tax year, demonstrating its commitment to fostering financial well-being within its field of membership.

By promoting thrift and providing credit at reasonable rates, Advantage Credit Union not only enhances individual financial health but also contributes to the overall economic stability of the community. Its offerings include savings accounts, checking accounts, loan accounts, and credit/debit card accounts, ensuring that members have access to a comprehensive range of financial services.

In pursuing its mission, Advantage Credit Union actively seeks to create new relationships and expand its community impact, underscoring its dedication to meeting the evolving needs of those it serves.




This information is meant to be a general summary of Advantage 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
$5,005,661 (2022)
Expenses
$4,642,527 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $547,827
  • Program Service Revenue: $3,347,657
  • Gross Receipts: $5,005,661

Assets and Liabilities:

  • Total Assets: $105,606,884
  • Total Liabilities: $90,830,443
  • Net Assets: $14,776,441

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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

$3,347,657

Organization Details

Founding Year

1937

Principal Officer

Leslie Brickman

Main Address

121 WEST 3RD STREET NORTH, NEWTON, IA, 50208

NTEE Category

Code: W60 - Public benefit

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