Legacy Credit Union

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

EIN: 440611174 ✦ Joplin, MO ✦ Designated as a 501(c)(14)

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Overview

What is Legacy Credit Union?

Legacy Credit Union is a financial services provider based in Joplin, Missouri, specifically located at 3202 S Indiana Ave. Established with the goal of fostering thrift among its members, the credit union offers affordable credit and financial services. It was established to benefit its members collectively, ensuring the earnings, savings, benefits, and services are distributed back to its members. The credit union employs a small team of three individuals dedicated to providing quality financial services to its members, who share a common bond.


Official website here: www.yourlcu.com

Is Legacy Credit Union legitimate?

Legacy Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Legacy 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: $62,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,695

For more financial information, click here


Official website here: www.yourlcu.com

What is the mission statement of Legacy Credit Union?

Legacy Credit Union, established to serve members with a shared bond, is committed to providing high-quality financial services and benefits. The primary objective of the credit union is to encourage savings among its members by offering a reliable source of credit at reasonable interest rates. This mutual benefit aims to contribute to the general welfare of its members. The earnings, savings, benefits, and services are distributed back to the members by paying interest on their savings, thereby encouraging financial savings.


Official website here: www.yourlcu.com

Who is the CEO of Legacy Credit Union?

Justin Coyne is the Manager of Legacy Credit Union.


Official website here: www.yourlcu.com

What is the revenue of Legacy Credit Union?

Legacy Credit Union's revenue in 2022 was $610,638.


Official website here: www.yourlcu.com

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

The average compensation at Legacy Credit Union during 2022 was $48,406. There are 3 employees and 8 volunteers at Legacy Credit Union.


Here are 6 key members and their salaries:


Justin Coyne (Manager)
  • Compensation: $60,702
  • Related: $0
  • Other: $1,821
Tim Houdyshell (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mckee (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Jones (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Musche (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.yourlcu.com

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

Legacy Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.yourlcu.com

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

Mission Statement of Legacy Credit Union

Legacy Credit Union, a financial services provider, was established with a mission to offer high-quality financial services and benefits to its members who share a common bond. The primary objective of this organization is to encourage thrift among its members by providing a reliable source of credit at a reasonable rate of interest. This approach benefits both the members and the organization as a whole, contributing to the general welfare of its members. The earnings, savings, benefits, and services are distributed back to the members by paying interest, thereby encouraging savings within the community. In essence, Legacy Credit Union aims to serve its members financially, fostering a sense of unity and mutual benefit.

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Impact




October, 2024

Legacy Credit Union has a significant impact on its community by providing quality financial services that encourage savings and responsible borrowing. By offering access to credit at fair and reasonable interest rates, it fosters financial stability and independence among its members. This approach not only enhances individual financial wellbeing but also promotes a culture of thrift and mutual support within the community.

Members benefit from the credit union's focus on their economic welfare, as earnings are reinvested into better interest rates and services, creating a cycle of reinforcement that strengthens the financial health of the entire membership. By prioritizing the collective benefit, Legacy Credit Union plays a crucial role in empowering individuals, facilitating access to essential financial resources, and contributing to the overall economic development of Joplin, MO.




This information is meant to be a general summary of Legacy 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
$610,638 (2022)
Expenses
$489,050 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $133,624
  • Program Service Revenue: $477,014
  • Gross Receipts: $610,638

Assets and Liabilities:

  • Total Assets: $19,907,229
  • Total Liabilities: $17,037,306
  • Net Assets: $2,869,923

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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

$450,967

FEES, CHARGES, & OTHER INCOME

Revenue

$26,047

Organization Details

Founding Year

1952

Principal Officer

Justin Coyne

Main Address

3202 S INDIANA AVE, JOPLIN, MO, 64804

NTEE Category

Code: Z99 - Unknown

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