Alliance Credit Union

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

EIN: 430658202 ✦ Fenton, MO ✦ Designated as a 501(c)(14)

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Overview

What is Alliance Credit Union?

Alliance Credit Union is a financial institution with its headquarters at 1280 S Highway Drive in Fenton, Missouri (63026). With a team of 95 employees, they offer competitive financial services and products to enrich the lives of their members. In the fiscal year 2021, they witnessed a significant growth in their loan portfolio, reaching a total of 290.58 million dollars – an increase of 10.29 million dollars compared to the previous year. The mission of Alliance Credit Union remains focused on delivering value to its members.


Official website here: www.alliancecu.com

Is Alliance Credit Union legitimate?

Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alliance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,019,801

For more financial information, click here


Official website here: www.alliancecu.com

What is the mission statement of Alliance Credit Union?

The Alliance Credit Union is committed to offering competitive financial services and products that bring value and enhance the lives of its members. This mission is reflected in the significant increase in gross loans for the year ending 2021, reaching a total of 290.58 million. By delivering these financial solutions, the credit union enriches the lives of its members, ensuring they have access to the financial resources they need.


Official website here: www.alliancecu.com

Who is the CEO of Alliance Credit Union?

Timothy F Stephens is the President & of Alliance Credit Union.


Official website here: www.alliancecu.com

What is the revenue of Alliance Credit Union?

Alliance Credit Union's revenue in 2021 was $16,401,673.


Official website here: www.alliancecu.com

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

The average compensation at Alliance Credit Union during 2021 was $52,840. There are 95 employees at Alliance Credit Union.


Here are 13 key members and their salaries:


Timothy F Stephens (President &)
  • Compensation: $415,590
  • Related: $0
  • Other: $63,345
Ken Bellamy (Cfo)
  • Compensation: $175,427
  • Related: $0
  • Other: $41,626
Sean Chambers (Chief Operat)
  • Compensation: $167,538
  • Related: $0
  • Other: $40,354
Frank Evans (Vp Of Hr)
  • Compensation: $146,203
  • Related: $0
  • Other: $37,444
Albert Ogent (Avp Of Accou)
  • Compensation: $124,073
  • Related: $0
  • Other: $26,012
Mr Robert W Haul (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben J Hegvik (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Marshall Watkins Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Larry Markos (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Jennifer Wiscons Miller (Vice-Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr William F Molstad (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Gary Rottler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Robert L Taylor (Assoc. Board)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alliancecu.com

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

Alliance Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.alliancecu.com

Learn more at the official website: www.alliancecu.com

Mission Statement of Alliance Credit Union

Alliance Credit Union, with its mission, strives to offer competitive financial services and products that add value and enrich the lives of its members. The organization is dedicated to delivering more than just banking services; it aspires to make a positive impact on its members' lives.

Throughout the year ending 2021, Alliance Credit Union experienced significant growth. Their loan portfolio expanded by 10.29 million, reaching a grand total of 290.58 million. This growth testifies to the effectiveness of their financial offerings and the value they bring to their members. By providing a wide range of competitive services and products, Alliance Credit Union continues to enrich the lives of those it serves.

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Impact




October, 2024

Alliance Credit Union makes a significant impact by delivering competitive financial services and products that enhance the lives of its members. In 2021, the credit union experienced a notable increase in gross loans, rising by $10.29 million and reaching a total of $290.58 million by the year’s end. This growth not only reflects the trust and reliance of the community on their services but also signifies the union's commitment to fostering financial well-being among its members in Fenton, MO. By prioritizing value and enriching member experiences, Alliance Credit Union plays a crucial role in supporting the financial needs of the community it serves.




This information is meant to be a general summary of Alliance 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
$16,401,673 (2021)
Expenses
$13,696,794 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $259,219
  • Program Service Revenue: $16,048,471
  • Gross Receipts: $16,498,811

Assets and Liabilities:

  • Total Assets: $375,125,744
  • Total Liabilities: $340,036,591
  • Net Assets: $35,089,153

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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

$11,340,091

FEE INCOME

Revenue

$3,602,656

OTHER OPER & NON OPER INCOME

Revenue

$971,036

ATM INC FOREIGN NON MEMBER

Revenue

$101,938

LINCOLN INVESTM LEASE

Revenue

$32,750

Organization Details

Founding Year

1948

Principal Officer

Timothy F Stephens

Main Address

1280 S HIGHWAY DRIVE, FENTON, MO, 630261913

NTEE Category

Code: W60 - Public benefit

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