Overview
What is Electro Savings Credit Union?
Electro Savings Credit Union is a credit union based in St. Louis, Missouri, with a membership of 21,717 individuals. The mission of this financial institution is to cater to the financial needs of its members in a beneficial manner, offering savings plans, loan programs, and additional services that are fiscally sound, competitive, and innovative, all within the boundaries of good business ethics. With a commitment to professionalism and courtesy, the credit union's staff administers these services and programs, while the board of directors acts selflessly and responsibly in all credit union activities. Electro Savings Credit Union aims to fulfill its members' financial requirements collectively and individually.
Official website here: www.electrosavings.com
Is Electro Savings Credit Union legitimate?
Electro Savings Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Electro Savings 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: $997,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,844,380
For more financial information, click here
Official website here: www.electrosavings.com
What is the mission statement of Electro Savings Credit Union?
The Electro Savings Credit Union is dedicated to meeting the financial needs of its members in a manner that benefits them individually and collectively. This commitment is carried out by providing savings plans, loan programs, and other services that are financially sound, competitive, and innovative, while adhering to good and ethical business practices. The credit union staff is expected to administer these services and programs in a professional and courteous manner. The board of directors is responsible for acting unselfishly and responsibly in all credit union activities.
Official website here: www.electrosavings.com
Who is the CEO of Electro Savings Credit Union?
James Struble is the CEO of Electro Savings Credit Union The CEO's salary of Electro Savings Credit Union is $237,613 and their total compensation is $292,366.
Official website here: www.electrosavings.com
What is the revenue of Electro Savings Credit Union?
Electro Savings Credit Union's revenue in 2023 was $12,489,294.
Official website here: www.electrosavings.com
Who are the executives of Electro Savings Credit Union and what are their salaries?
The average compensation at Electro Savings Credit Union during 2023 was $65,110. There are 59 employees and 15 volunteers at Electro Savings Credit Union.
Here are 17 key members and their salaries (Electro Savings Credit Union's CEO's salary is $237,613 and their total compensation is $292,366):
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- Compensation: $237,613
- Related: $0
- Other: $54,753
- Compensation: $159,637
- Related: $0
- Other: $29,465
- Compensation: $157,418
- Related: $0
- Other: $24,947
- Compensation: $181,647
- Related: $0
- Other: $10,528
- Compensation: $69,857
- Related: $0
- Other: $5,532
- Compensation: $62,941
- Related: $0
- Other: $2,766
- Compensation: $117,124
- Related: $0
- Other: $10,200
- Compensation: $113,794
- Related: $0
- Other: $4,884
Official website here: www.electrosavings.com
Where can I find the form 990 for Electro Savings Credit Union?
Electro Savings Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.electrosavings.com
Learn more at the official website: www.electrosavings.com
Mission Statement of Electro Savings Credit Union
Electro Savings Credit Union, a financial institution dedicated to its members, aims to fulfill their financial needs in a manner that benefits them individually and collectively. This mission is carried out by providing savings plans, loan programs, and other services that are financially sound, competitive, and innovative, all while adhering to good and ethical business practices. The dedicated staff of Electro Savings Credit Union administer these offerings in a professional and courteous manner. The selfless and responsible Board of Directors oversee all credit union activities, ensuring that the needs and interests of the members are at the forefront. By focusing on the unique financial requirements of its members, Electro Savings Credit Union sets itself apart, offering solutions tailored to the needs of each individual. Through these efforts, the credit union fosters financial stability and growth for its members.
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Impact
October, 2024
Electro Savings Credit Union plays a significant role in the financial lives of its 21,717 members in St. Louis, Missouri. By focusing on fulfilling the financial needs of its members, the credit union creates a supportive environment that benefits individuals as well as the community as a whole.
Through innovative and competitive savings plans, loan programs, and various financial services, Electro Savings Credit Union helps members achieve their financial goals while adhering to ethical business practices. The professionalism and courteousness of the credit union's staff ensure that members receive the support and guidance necessary to navigate their financial journeys effectively.
The commitment of the board of directors to act responsibly and unselfishly further underscores the credit union's impact, fostering trust and cooperative spirit. Overall, Electro Savings Credit Union enhances financial well-being and stability for its members, contributing positively to the broader community.
This information is meant to be a general summary of Electro Savings 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 2023.
- Investment Income: $673,471
- Program Service Revenue: $11,767,727
- Gross Receipts: $12,489,294
Assets and Liabilities:
- Total Assets: $222,732,123
- Total Liabilities: $208,357,450
- Net Assets: $14,374,673
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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
$8,876,501
FEES & OTHER INCOME
Revenue
$2,888,017
WARRANTY SALES
Revenue
$3,209
Organization Details
Founding Year
1941
Principal Officer
James Struble
Website
www.electrosavings.comNTEE Category
Code: Z99 - Unknown
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