Edison Credit Union

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

EIN: 440663838 ✦ Kansas city, MO ✦ Designated as a 501(c)(14)

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Overview

What is Edison Credit Union?

Edison Credit Union, located in Kansas City, Missouri, is a nonprofit institution catering to 3,361 members. Established with a mission to provide superior financial services, the credit union aims to improve the financial well-being of its members while ensuring the financial stability of the organization. With a staff of seven dedicated individuals, Edison Credit Union offers a variety of financial and related services to enhance its members' overall financial health.


Official website here: www.edisoncu.com

Is Edison Credit Union legitimate?

Edison Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Edison 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: $162,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,870

For more financial information, click here


Official website here: www.edisoncu.com

What is the mission statement of Edison Credit Union?

Edison Credit Union is committed to delivering top-notch financial services to its members, aiming to improve their financial health while ensuring the financial stability of the credit union itself. This non-profit organization provides a range of financial and financially related services to over 3,300 individuals. Its mission is to enhance the financial well-being of its members, prioritizing their financial needs while maintaining the credit union's financial strength.


Official website here: www.edisoncu.com

Who is the CEO of Edison Credit Union?

Salvatore Nuc is the Principal Officer of Edison Credit Union.


Official website here: www.edisoncu.com

What is the revenue of Edison Credit Union?

Edison Credit Union's revenue in 2022 was $1,297,160.


Official website here: www.edisoncu.com

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

The average compensation at Edison Credit Union during 2022 was $67,537. There are 7 employees and 9 volunteers at Edison Credit Union.


Here are 8 key members and their salaries:


Michael Quarles (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blain Hartkopp (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Neidhart (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delora Locker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Layton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luci Welch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Nuccio (President)
  • Compensation: $108,982
  • Related: $0
  • Other: $53,908


Official website here: www.edisoncu.com

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

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


Official website here: www.edisoncu.com

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

Mission Statement of Edison Credit Union

Edison Credit Union, as a financial institution, is committed to delivering top-notch financial services to its members. Its mission is centered around enhancing the financial well-being of its members while ensuring the financial stability of the credit union itself. By providing a range of financial and financially related services, Edison Credit Union aims to contribute positively to the financial lives of its 3,361 members. This approach underscores the credit union's dedication to its members, striving to improve their financial standing while maintaining a financially sound organization.

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Impact




October, 2024

Edison Credit Union plays a crucial role in enhancing the financial well-being of its members and the broader Kansas City community. By providing high-quality financial services, it empowers 3,361 members to achieve their financial goals. The credit union's commitment to maintaining financial strength ensures the security and stability necessary for member services, fostering trust and reliability.

Through its services, Edison Credit Union not only assists individuals in managing their finances but also contributes to the overall economic health of the region. By prioritizing the needs of its members, it promotes financial literacy, encourages savings, and supports responsible lending practices. This positive impact extends beyond immediate financial transactions, creating a supportive environment where members can thrive personally and financially. As a pillar of the Kansas City community, Edison Credit Union exemplifies how focused financial services can lead to enhanced individual and community prosperity.




This information is meant to be a general summary of Edison 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
$1,297,160 (2022)
Expenses
$1,352,924 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $142,299
  • Program Service Revenue: $1,145,529
  • Gross Receipts: $1,297,160

Assets and Liabilities:

  • Total Assets: $33,659,577
  • Total Liabilities: $30,322,185
  • Net Assets: $3,337,392

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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

$809,077

FEES & OTHER INCOME

Revenue

$334,034

WARRANTY SALES & OTHER

Revenue

$2,418

Organization Details

Founding Year

1928

Principal Officer

Salvatore Nuc

Main Address

4200 E FRONT ST, KANSAS CITY, MO, 641201062

NTEE Category

Code: W60 - Public benefit

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