Ascentra Credit Union

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

EIN: 420747751 ✦ Bettendorf, IA ✦ Designated as a 501(c)(14)

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Overview

What is Ascentra Credit Union?

Ascentra Credit Union is a locally-managed financial institution based in Bettendorf, Iowa. Led by Linda Andry, it functions as a state-chartered credit union, providing essential financial services to its members. With a strong commitment to its community, Ascentra Credit Union serves its customers from its Bettendorf location.


Official website here: www.ascentra.org

What do the Facebook reviews say about Ascentra Credit Union?

88% of 324 reviewers on Facebook recommend Ascentra Credit Union. Here is a summary of their reviews:

Many individuals express satisfaction with the assistance provided by staff members, specifically noting the expertise and support from representatives like Cassidy Green. Customers appreciate the personalized service and the financial solutions offered, such as auto loans and credit consolidation, which have significantly improved their financial situations.

Overall, Ascentra Credit Union seems to effectively meet the needs of its members, building strong relationships through attentive customer service and valuable financial advice. Positive experiences are frequently highlighted, indicating that many consider it their preferred choice for banking services.


This AI summary has been generated from reviews found on Facebook.

Is Ascentra Credit Union legitimate?

Ascentra Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ascentra 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: $806,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,942,448

For more financial information, click here


Official website here: www.ascentra.org

What is the mission statement of Ascentra Credit Union?

Ascentra Credit Union is a financial institution that provides services to its members. As a state-chartered credit union, it follows specific regulations and guidelines. The organization's primary goal is to offer financial solutions to its members. Although the exact mission statement is not provided, it can be inferred that Ascentra Credit Union aims to provide value and support to its members in managing their financial needs. Its services may include savings, loans, and other financial products. The credit union's operations may also include educational resources and personalized assistance to help members make informed financial decisions. Overall, Ascentra Credit Union serves its members by providing them with accessible and affordable financial services.


Official website here: www.ascentra.org

Who is the CEO of Ascentra Credit Union?

Linda Andry is the President/Ce of Ascentra Credit Union.


Official website here: www.ascentra.org

What is the revenue of Ascentra Credit Union?

Ascentra Credit Union's revenue in 2022 was $29,345,594.


Official website here: www.ascentra.org

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

The average compensation at Ascentra Credit Union during 2022 was $47,095. There are 207 employees and 9 volunteers at Ascentra Credit Union.


Here are 14 key members and their salaries:


Linda Andry (President/Ce)
  • Compensation: $336,075
  • Related: $0
  • Other: $110,758
Brad Knutson (Chief Tech O)
  • Compensation: $281,792
  • Related: $0
  • Other: $77,518
Shelly Ridgeway (Chief Operat)
  • Compensation: $259,840
  • Related: $0
  • Other: $69,345
Jennifer Naeve (Chief Market)
  • Compensation: $195,526
  • Related: $0
  • Other: $48,572
Jay England (Chief Financ)
  • Compensation: $162,969
  • Related: $0
  • Other: $9,880
Joyce Carr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Carter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Gibbs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Ridenour (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Schocker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Soeder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tameka Toney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ascentra.org

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

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


Official website here: www.ascentra.org

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

Mission Statement of Ascentra Credit Union

Ascentra Credit Union, a state-chartered financial institution, is dedicated to providing essential services to its members. Headed by Linda Andry, this credit union operates with a mission to make a difference in people's financial lives. Located in Bettendorf, Iowa, Ascentra Credit Union extends its reach beyond the borders of its hometown, offering a wide range of financial solutions to its members.

At the heart of Ascentra Credit Union's mission lies its commitment to its membership base. By offering financial services tailored to their unique needs, Ascentra Credit Union empowers its members to take control of their financial futures. Through its various offerings, the credit union strives to help members save money, secure loans, and manage their finances effectively. In doing so, it contributes to their overall financial well-being and peace of mind.

Linda Andry and her team at Ascentra Credit Union are passionate about making a positive impact on their members' lives. As a state-chartered credit union, they bring a unique perspective and approach to financial services, focusing on the needs and goals of their members rather than maximizing profits. Their dedication to fostering long-term relationships with their members sets them apart from other financial institutions. By offering personalized services and a member-centric approach, Ascentra Credit Union truly stands out as a trusted financial partner for its members.

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Impact




October, 2024

Ascentra Credit Union plays a vital role in the Bettendorf, IA community by providing accessible financial services to its members. Led by Linda Andry, the credit union not only offers traditional banking services but also fosters financial literacy and supports economic growth among its members. By focusing on member needs, Ascentra creates a positive impact through personalized services and community engagement initiatives. This commitment to its community enhances financial stability and promotes public benefit, reinforcing the importance of trustworthy financial institutions in local economies.




This information is meant to be a general summary of Ascentra 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
$29,345,594 (2022)
Expenses
$27,536,971 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,627,650
  • Program Service Revenue: $26,717,944
  • Gross Receipts: $29,345,594

Assets and Liabilities:

  • Total Assets: $527,520,974
  • Total Liabilities: $479,176,129
  • Net Assets: $48,344,845

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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

$15,732,749

MISCELLANEOUS INCOME

Revenue

$7,386,077

FEE INCOME

Revenue

$3,599,118

Organization Details

Founding Year

1950

Principal Officer

Linda Andry

Main Address

2019 GRANT ST, BETTENDORF, IA, 52722

NTEE Category

Code: W60 - Public benefit

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