Overview
What is Educational Community Credit Union?
The Educational Community Credit Union is a not-for-profit cooperative, established and operated under Missouri statutes. With a mission to promote thrift while prioritizing members' interests, it provides savings and loan products, as well as ancillary services. The credit union's activities include offering financial education and training to its current and potential members, ensuring competitively priced financial services with a focus on low fees. Serving a field of membership that includes educational institution faculty and staff, students, alumni, and their families in certain Missouri counties, the Educational Community Credit Union boasts a membership of 10,022 individuals. In 2022, it successfully signed up 1,545 new members through various campaigns.
Official website here: www.educationalccu.org
What do the Facebook reviews say about Educational Community Credit Union?
84% of the 21 reviews on Facebook recommend Educational Community Credit Union. Here is a summary of their reviews:
Many reviewers appreciate the staff, highlighting their friendliness and willingness to help. However, a significant concern raised is the reliability of the website. Some users reported that the site is often down, making it difficult to access important financial information when needed. This inconsistency appears to detract from the overall positive experience associated with the organization.
In summary, while there is a strong appreciation for the personnel at Educational Community Credit Union, the technical reliability of their online services seems to be an area in need of improvement. If this issue is addressed, user satisfaction could potentially increase even further.
This AI summary has been generated from reviews found on Facebook.
Is Educational Community Credit Union legitimate?
Educational Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Educational Community 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: $1,031,801
For more financial information, click here
Official website here: www.educationalccu.org
What is the mission statement of Educational Community Credit Union?
The Educational Community Credit Union operates as a not-forprofit entity, guided by its mission to encourage thrift and lend money for provident and productive purposes. It achieves this by providing competitively priced financial services with a focus on low fees. The credit union extends its financial education and training not only to its current members but also to its entire field of membership. The approved field of membership includes current or retired faculty and staff of educational institutions, public libraries, or affiliated organizations; students at elementary, secondary, or higher educational levels; educational alumni in the specified counties; and family members of eligible individuals.
Official website here: www.educationalccu.org
Who is the CEO of Educational Community Credit Union?
Robert Herren is the President of Educational Community Credit Union.
Official website here: www.educationalccu.org
What is the revenue of Educational Community Credit Union?
Educational Community Credit Union's revenue in 2022 was $3,696,570.
Official website here: www.educationalccu.org
Who are the executives of Educational Community Credit Union and what are their salaries?
The average compensation at Educational Community Credit Union during 2022 was $35,579. There are 29 employees and 14 volunteers at Educational Community Credit Union.
Here are 15 key members and their salaries:
- Compensation: $145,809
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- Other: $0
- Compensation: $126,858
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- Compensation: $116,324
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- Other: $0
- Compensation: $112,733
- Related: $0
- Other: $0
- Compensation: $81,539
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.educationalccu.org
Where can I find the form 990 for Educational Community Credit Union?
Educational Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.educationalccu.org
Learn more at the official website: www.educationalccu.org
Mission Statement of Educational Community Credit Union
The Educational Community Credit Union, a not-for-profit cooperative, is dedicated to promoting thrift with its members' interests in mind and providing loans for only provident and productive purposes. The organization accomplishes this mission by offering competitively priced financial services with an emphasis on low fees. In addition to its savings and loan products, the Educational Community Credit Union extends its reach beyond its current members by providing financial education to its entire field of membership.
Established with a broad and inclusive charter, the credit union is approved to serve various groups, including current and retired faculty or staff members of educational institutions, public libraries, or affiliated organizations. Furthermore, it is open to students at any educational level within specified Missouri counties, as well as educational alumni in those counties. Additionally, the credit union extends its services to family members of eligible individuals and to its own employees.
In summary, the Educational Community Credit Union's mission is multifaceted. It aims to promote thrift and offer affordable financial services to its members. Beyond that, it seeks to educate and engage with the broader community, including students, alumni, employees, and their families, by providing financial education. This approach ensures a comprehensive approach to financial well-being and empowers individuals to make informed decisions about their finances.
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Impact
October, 2024
Educational Community Credit Union plays a significant role in fostering financial well-being within the communities it serves. By promoting thrift and responsible borrowing, the credit union ensures that its members can achieve their financial goals while benefiting from competently priced services with low fees. Members enjoy advantages such as dividends on savings and interest on certificates of deposit, along with the security of insurance backed by the U.S. Treasury, comparable to FDIC insurance provided for banks.
In 2022, the credit union successfully expanded its reach by signing up 1,545 new members through various outreach campaigns, including presentations at teacher training meetings and community school functions. These initiatives emphasized the importance of saving for unexpected expenses and utilizing loans for productive purposes. With a current membership of over 10,000 individuals—including current and retired faculty and staff from educational institutions and their families—Educational Community Credit Union remains dedicated to not only providing financial services but also delivering essential financial education to all members.
By focusing on the needs of its members and the community, the credit union helps nurture a financially literate population, ensuring that individuals can make informed choices about their financial futures. Its impact extends beyond transactions, contributing to a culture of saving and responsible financial management in Missouri's educational sector and surrounding areas.
This information is meant to be a general summary of Educational Community 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: $296,412
- Program Service Revenue: $3,400,158
- Gross Receipts: $4,182,125
Assets and Liabilities:
- Total Assets: $82,641,514
- Total Liabilities: $77,332,410
- Net Assets: $5,309,104
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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
$2,578,642
MISC OPERATING INCOME
Revenue
$424,144
LATE PAYMENT FEES
Revenue
$397,372
Organization Details
Founding Year
1938
Phone
(417) 831-0534Principal Officer
Robert Herren
Main Address
1221 E GRAND, SPRINGFIELD, MO, 65804
Website
www.educationalccu.orgIf you are a representative of Educational Community Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.