Warren Credit Union

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

EIN: 420845081 ✦ Waterloo, IA ✦ Designated as a 501(c)(14)

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Overview

What is Warren Credit Union?

Warren Credit Union is a nonprofit financial institution situated in Waterloo, Iowa, specifically at 2022 Falls Ave. With around 780 members, the credit union manages approximately 790 savings accounts. The primary objective of Warren Credit Union is to serve its qualified members by offering savings and loan services. Their mission is multifaceted, aiming to provide affordable credit, promote savings habits, and empower members to manage their financial resources for mutual benefit. The credit union operates under the principle of 'member-ownership,' ensuring that its activities are guided by the best interests of its members.


Official website here: www.warrencu.org

Is Warren Credit Union legitimate?

Warren Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Warren 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: $69,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,779

For more financial information, click here


Official website here: www.warrencu.org

What is the mission statement of Warren Credit Union?

Warren Credit Union is committed to serving its qualified members by providing them with savings and loan services at fair and reasonable interest rates. The primary goal of the credit union is to foster savings habits among its members, enabling them to utilize and manage their funds mutually beneficially. The organization is dedicated to paying dividends and interest on the savings accounts held by its approximately 780 members.


Official website here: www.warrencu.org

Who is the CEO of Warren Credit Union?

Holly Glasener is the Manager of Warren Credit Union.


Official website here: www.warrencu.org

What is the revenue of Warren Credit Union?

Warren Credit Union's revenue in 2022 was $222,073.


Official website here: www.warrencu.org

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

The average compensation at Warren Credit Union during 2022 was $42,266. There are 2 employees and 9 volunteers at Warren Credit Union.


Here are 10 key members and their salaries:


Holly Glasener (Manager)
  • Compensation: $69,754
  • Related: $0
  • Other: $0
Jodi Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Caughron (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Conn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Heikens-Beck (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Gielau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shad Lonergan (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Recker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Shaw (Cfo Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Turner (Audit Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.warrencu.org

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

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


Official website here: www.warrencu.org

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

Mission Statement of Warren Credit Union

Warren Credit Union, as a financial institution, is committed to serving its qualified members by offering savings and loan services. Its mission is threefold: firstly, to establish a reliable source of credit at reasonable interest rates, encouraging thrift among its members. Secondly, the credit union aims to provide its members with the opportunity to utilize and manage their savings collectively for their mutual benefit. In essence, Warren Credit Union seeks to empower its members financially. The organization accomplishes this mission by distributing dividends and interest on the savings accounts held by its over 780 members. These financial rewards demonstrate the credit union's commitment to its members' financial well-being and growth.

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Impact




October, 2024

Warren Credit Union plays a vital role in the financial well-being of its members in Waterloo, IA, by offering savings and loan services that foster economic stability and growth within the community. With approximately 790 savings accounts held by 780 members, the credit union facilitates access to financial resources, enabling individuals to save and borrow responsibly.

The mission of Warren Credit Union focuses on providing credit at fair and reasonable interest rates, which directly supports its members in managing their finances effectively. By encouraging habits of thrift, the credit union promotes financial literacy and responsibility, empowering its members to take control of their savings. Additionally, the dividends and interest accrued on members' savings accounts not only provide a return on their deposits but also contribute to a cycle of mutual benefit, where the community thrives as members support one another.

Overall, Warren Credit Union significantly impacts its members by fostering financial inclusivity and encouraging a culture of savings, ultimately enhancing the economic landscape of Waterloo, IA.




This information is meant to be a general summary of Warren 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
$222,073 (2022)
Expenses
$204,359 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $44,607
  • Program Service Revenue: $160,443
  • Gross Receipts: $222,073

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

Loan Interest

Revenue

$156,342

Other Income

Revenue

$4,101

Organization Details

Founding Year

1959

Principal Officer

Holly Glasener

Main Address

2022 Falls Ave, Waterloo, IA, 50701

NTEE Category

Code: W60 - Public benefit

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