Overview
What is 1st Gateway Credit Union Drennen?
1st Gateway Credit Union Drennen is a nonprofit financial organization situated in Camanche, Iowa. With a focus on building strong, mutually beneficial relationships with its members, the credit union aims to provide comprehensive financial solutions tailored to each individual's needs. It differentiates itself from other financial institutions by prioritizing its role as a "relationship/loyalty builder." The credit union's mission is to assist consumers in optimizing their investment and borrowing opportunities, offering competitive rates and terms. With a workforce of 60 employees, 1st Gateway Credit Union Drennen strives to enhance financial well-being within its community.
Official website here: www.1stgateway.org
Is 1st Gateway Credit Union Drennen legitimate?
1st Gateway Credit Union Drennen is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Gateway Credit Union Drennen 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: $500,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,944,168
For more financial information, click here
Official website here: www.1stgateway.org
What is the mission statement of 1st Gateway Credit Union Drennen?
1st Gateway Credit Union Drennen, as a non-profit financial institution, is dedicated to assisting consumers in achieving the best investment and borrowing rates and terms. The organization's mission is to distinguish itself from other financial organizations by excelling as a "relationship/loyalty builder." By focusing on building mutually beneficial member relationships, 1st Gateway Credit Union Drennen aims to provide comprehensive financial solutions tailored to each individual's needs.
Official website here: www.1stgateway.org
Who is the CEO of 1st Gateway Credit Union Drennen?
Patrick J Drennen is the Ceo of 1st Gateway Credit Union Drennen. The CEO's salary of 1st Gateway Credit Union Drennen is $269,050 and their total compensation is $269,050.
Official website here: www.1stgateway.org
What is the revenue of 1st Gateway Credit Union Drennen?
1st Gateway Credit Union Drennen's revenue in 2022 was $8,606,923.
Official website here: www.1stgateway.org
Who are the executives of 1st Gateway Credit Union Drennen and what are their salaries?
The average compensation at 1st Gateway Credit Union Drennen during 2022 was $40,747. There are 60 employees at 1st Gateway Credit Union Drennen.
Here are 11 key members and their salaries (1st Gateway Credit Union Drennen's CEO's salary is $269,050 and their total compensation is $269,050):
- Compensation: $269,050
- Related: $0
- Other: $0
- Compensation: $143,318
- Related: $0
- Other: $0
- Compensation: $88,290
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.1stgateway.org
Where can I find the form 990 for 1st Gateway Credit Union Drennen?
1st Gateway Credit Union Drennen's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1stgateway.org
Learn more at the official website: www.1stgateway.org
Mission Statement of 1st Gateway Credit Union Drennen
1st Gateway Credit Union Drennen, as a non-profit financial institution, is committed to assisting its consumers in investing and borrowing at the most favorable rates and terms. This mission is unique to the organization, as it strives to distinguish itself from other financial entities by excelling as a "relationship/loyalty builder." 1st Gateway Credit Union Drennen aims to establish mutually beneficial member relationships, providing comprehensive financial solutions tailored to meet each individual's needs. The organization's ultimate goal is to forge strong connections with its members, ensuring they receive superior overall service.
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Impact
October, 2024
1st Gateway Credit Union Drennen has a significant impact on the financial well-being of consumers in Camanche, IA, by providing tailored financial services that prioritize member relationships. By focusing on building loyalty and understanding individual needs, the organization helps its members invest and borrow at competitive rates and terms. This approach not only fosters a supportive community but also empowers members to make informed financial decisions, ultimately enhancing their economic stability and growth. The emphasis on personal connection ensures that each member receives superior solutions to their financial challenges, contributing positively to the overall financial landscape in the region.
This information is meant to be a general summary of 1st Gateway Credit Union Drennen. 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: $648,982
- Program Service Revenue: $6,028,713
- Gross Receipts: $8,606,923
Assets and Liabilities:
- Total Assets: $167,341,936
- Total Liabilities: $146,609,527
- Net Assets: $20,732,409
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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
$6,028,713
Organization Details
Founding Year
1953
Phone
(563) 543-4121Principal Officer
Patrick J Drennen
Main Address
PO BOX 110, CAMANCHE, IA, 52730
Website
www.1stgateway.orgNTEE Category
Code: W60 - Public benefit
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