Overview
What is Arsenal Credit Union?
Arsenal Credit Union is a member-driven financial institution based in Arnold, Missouri. With a strong commitment to their community, they serve over 31,000 members by offering savings opportunities and accessible credit. Their mission is rooted in promoting thrift, financial education, and cooperation. The Credit Union aims to create a source of fair credit and provide a platform for members to manage their money effectively. They operate as a non-profit organization, with a team of 117 employees who are dedicated to improving lives and the community through fiscal and financial services.
Official website here: www.arsenalcu.org
What are the reviews and ratings of this charity?
Arsenal Credit Union is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit. This classification affects its eligibility for traditional Charity Navigator evaluations such as Accountability & Finance or Impact & Measurement beacons. Thus, the absence of a rating should not suggest a negative or positive standing but reflects its organizational classification.
Historically, ratings on Charity Navigator have focused more heavily on aspects akin to today's Accountability and Finance score; however, these evaluations have not been applied due to the organization's status. It's important to note that Charity Navigator ratings typically apply to organizations classified under a different 501(c)(3) status, impacting Arsenal Credit Union's evaluation potential.
There are no user reviews available on GreatNonprofits for Arsenal Credit Union, leaving a gap in publicly shared customer experiences. Without these insights, it is challenging to provide community-driven feedback or sentiment regarding the credit union's impact or operations.
This AI summary has been generated from information found on Charity Navigator.
Is Arsenal Credit Union legitimate?
Arsenal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Arsenal 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: $1,923,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,070,830
For more financial information, click here
Official website here: www.arsenalcu.org
What is the mission statement of Arsenal Credit Union?
Arsenal Credit Union is dedicated to encouraging savings among its members by offering them the chance to accumulate funds. The credit union provides an accessible source of credit with reasonable interest rates, enabling members to manage their money effectively. They operate cooperatively, prioritizing the collective benefit of their members, and offer various fiscal and financial services. Arsenal Credit Union's mission also encompasses educating members on the responsible use of money and credit. Furthermore, they aim to contribute positively to the community in which they serve.
Official website here: www.arsenalcu.org
Who is the CEO of Arsenal Credit Union?
Linda Allen is the President of Arsenal Credit Union.
Official website here: www.arsenalcu.org
What is the revenue of Arsenal Credit Union?
Arsenal Credit Union's revenue in 2022 was $21,467,724.
Official website here: www.arsenalcu.org
Who are the executives of Arsenal Credit Union and what are their salaries?
The average compensation at Arsenal Credit Union during 2022 was $51,231. There are 117 employees and 11 volunteers at Arsenal Credit Union.
Here are 17 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $336,882
- Related: $0
- Other: $100,866
- Compensation: $105,947
- Related: $0
- Other: $10,842
- Compensation: $130,495
- Related: $0
- Other: $31,502
- Compensation: $217,698
- Related: $0
- Other: $38,902
- Compensation: $355,159
- Related: $0
- Other: $53,911
- Compensation: $164,306
- Related: $0
- Other: $34,603
- Compensation: $155,296
- Related: $0
- Other: $12,482
- Compensation: $108,710
- Related: $0
- Other: $13,973
- Compensation: $133,173
- Related: $0
- Other: $14,459
- Compensation: $120,176
- Related: $0
- Other: $11,556
Official website here: www.arsenalcu.org
Where can I find the form 990 for Arsenal Credit Union?
Arsenal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arsenalcu.org
Learn more at the official website: www.arsenalcu.org
Mission Statement of Arsenal Credit Union
Arsenal Credit Union is a member-driven financial institution committed to promoting thrift among its members. By offering them the chance to accumulate their savings, this cooperative aims to create a reliable source of credit at reasonable rates. Arsenal Credit Union provides its members with the opportunity to manage their money collectively, fostering a sense of mutual benefit. The organization is dedicated not only to financial education but also to operating in a cooperative spirit.
Arsenal Credit Union's ultimate goal is to help its members effectively save and make the most of their money. Through its services, the credit union empowers individuals to control their finances and make informed decisions regarding their savings and credit use. Beyond promoting thrift and financial literacy, Arsenal Credit Union aspires to contribute to the betterment of the community it serves. The credit union offers various fiscal and financial services to its members, ensuring they have access to comprehensive financial support.
In essence, Arsenal Credit Union is more than just a financial institution. It is a cooperative that exists to provide its members with opportunities for savings and credit, while fostering financial education and community improvement. Its mission is to promote thrift, create a source of fair and reasonable credit, and improve the lives of its members.
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Impact
October, 2024
Arsenal Credit Union significantly impacts its members and the broader community by promoting savings and financial literacy. Serving 31,853 members, it provides accessible financial services that facilitate saving and prudent borrowing at fair interest rates. This enables individuals to better manage their finances and work towards their personal goals.
The credit union fosters a cooperative spirit, empowering members to take control of their money for mutual benefit. By prioritizing education on responsible use of credit and money management, Arsenal Credit Union equips its members with essential knowledge to navigate financial challenges effectively.
Moreover, the organization's commitment to improving the community contributes to local economic growth and well-being. Through its various fiscal and financial services, Arsenal Credit Union not only enhances individual financial stability but also strengthens community ties and overall quality of life in Arnold, MO.
This information is meant to be a general summary of Arsenal 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 2022.
- Investment Income: $1,326,070
- Program Service Revenue: $20,102,980
- Gross Receipts: $24,186,361
Assets and Liabilities:
- Total Assets: $383,430,662
- Total Liabilities: $356,124,077
- Net Assets: $27,306,585
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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
$14,434,797
FEES & OTHER INCOME
Revenue
$5,645,025
WARRANTY SALES
Revenue
$23,158
Organization Details
Founding Year
1948
Phone
(314) 962-6363Principal Officer
Linda Allen
Main Address
3780 VOGEL ROAD, ARNOLD, MO, 630103799
Website
www.arsenalcu.orgNTEE Category
Code: W60 - Public benefit
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