Overview
What is Academic Employees Credit Union?
Academic Employees Credit Union is a nonprofit organization situated in Columbia, Missouri. With a mission to foster thrift among its members, the union offers a platform for accumulating savings and provides fair and reasonable credit opportunities. The primary goal is to empower members to use and manage their funds beneficially, while also educating them on the prudent use of money and credit. Moreover, the union aims to improve the local community and offers various fiscal and financial services. Employing a staff of four individuals, the Credit Union operates in the spirit of cooperation, not for profit.
Official website here: www.academicecu.com
Is Academic Employees Credit Union legitimate?
Academic Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Academic Employees 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: $20,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,383
For more financial information, click here
Official website here: www.academicecu.com
What is the mission statement of Academic Employees Credit Union?
The Academic Employees Credit Union's mission is centered around promoting savings among its members by providing an opportunity for accumulation. It also offers credit at reasonable rates, enabling members to utilize and manage their funds mutually beneficially. The union is committed to educating its members on the prudent use of money and credit. Moreover, it operates with a cooperative spirit, not for profit, and aims to improve the community it operates in, besides providing various fiscal and financial services.
Official website here: www.academicecu.com
Who is the CEO of Academic Employees Credit Union?
K Sky Poindexter is the Credit Union of Academic Employees Credit Union.
Official website here: www.academicecu.com
What is the revenue of Academic Employees Credit Union?
Academic Employees Credit Union's revenue in 2022 was $541,672.
Official website here: www.academicecu.com
Who are the executives of Academic Employees Credit Union and what are their salaries?
The average compensation at Academic Employees Credit Union during 2022 was $35,685. There are 4 employees and 12 volunteers at Academic Employees Credit Union.
Here are 8 key members and their salaries:
- Compensation: $64,235
- Related: $0
- Other: $12,569
- 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.academicecu.com
Where can I find the form 990 for Academic Employees Credit Union?
Academic Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.academicecu.com
Learn more at the official website: www.academicecu.com
Mission Statement of Academic Employees Credit Union
Academic Employees Credit Union, a not-for-profit organization, is committed to promoting thrift among its members. It achieves this by offering an opportunity for its members to save their funds and accumulate wealth. Furthermore, the credit union serves as a source of credit, providing loans at reasonable interest rates. This enables members to utilize and manage their money for mutual benefit.
In addition to these financial services, Academic Employees Credit Union also educates its members about the prudent use of money and credit. The organization operates under the spirit of cooperation, striving to improve the community where it operates. Beyond financial services, it provides other fiscal and financial assistance to its members.
In summary, Academic Employees Credit Union aims to foster financial responsibility among its members, offering access to credit and savings opportunities while promoting education in financial management. It also contributes to the betterment of the community and provides a range of financial services to its members for their mutual benefit.
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Impact
October, 2024
Academic Employees Credit Union has made a significant impact on its community by promoting the importance of thrift and savings among its members. By providing accessible opportunities to accumulate savings, the credit union empowers individuals to take control of their financial futures.
One of its core contributions is the creation of a reliable source of credit at fair and reasonable interest rates, which facilitates greater financial stability and access to resources for its members. This support helps members manage their money effectively and encourages responsible borrowing practices.
Education plays a vital role in the credit union’s initiatives, with a strong focus on financial literacy. By equipping members with knowledge about prudent money management and credit use, Academic Employees Credit Union enhances members' financial well-being and fosters a culture of informed financial decision-making.
Additionally, the credit union operates with a cooperative spirit, emphasizing mutual benefit rather than profit maximization. This approach not only aids individual members but also contributes positively to the overall community, ensuring that financial services are available to all while enhancing community engagement and cohesiveness. Through its comprehensive services and commitment to improving the lives of its members, Academic Employees Credit Union serves as a vital financial resource in Columbia, Missouri.
This information is meant to be a general summary of Academic Employees 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: $60,765
- Program Service Revenue: $349,347
- Gross Receipts: $541,672
Assets and Liabilities:
- Total Assets: $14,014,709
- Total Liabilities: $13,287,433
- Net Assets: $727,276
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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
$349,347
Organization Details
Founding Year
1936
Phone
(573) 445-1845Principal Officer
K Sky Poindexter
Main Address
2804 WEST ASH, COLUMBIA, MO, 65203
Website
www.academicecu.comNTEE Category
Code: Z99 - Unknown
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