Freedom Community Credit Union

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

EIN: 450273190 ✦ Fargo, ND ✦ Designated as a 501(c)(14)

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Overview

What is Freedom Community Credit Union?

Freedom Community Credit Union is a financial institution functioning within the credit union sector. This nonprofit organization specializes in offering a range of services to its members, primarily focusing on member savings and member loans. As a credit union, Freedom Community Credit Union plays a significant role in the financial well-being of its community, serving as a reliable source for its members' financial needs.

Is Freedom Community Credit Union legitimate?

Freedom Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Freedom 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: $108,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,840

For more financial information, click here

What is the mission statement of Freedom Community Credit Union?

Freedom Community Credit Union serves as a financial institution within the credit union sector, providing its members with credit union services such as savings and loan facilities. Its mission, in essence, is to offer these financial services to its member base, operating as a part of the broader credit union industry. The credit union's activities primarily revolve around catering to the financial needs of its members, ensuring their savings are secure and providing them with loan options when required.

Who is the CEO of Freedom Community Credit Union?

Brent Ehrichs is the Vice President of Freedom Community Credit Union. The CEO's salary of Freedom Community Credit Union is $18,627 and their total compensation is $18,627.

What is the revenue of Freedom Community Credit Union?

Freedom Community Credit Union's revenue in 2022 was $761,883.

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

The average compensation at Freedom Community Credit Union during 2022 was $35,808. There are 8 employees at Freedom Community Credit Union.


Here are 6 key members and their salaries (Freedom Community Credit Union's CEO's salary is $18,627 and their total compensation is $18,627):


Mary Hagen (Chief Exec Officer)
  • Compensation: $18,627
  • Related: $0
  • Other: $0
Thomas Brummer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robbi Foss (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Ehrichs (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Freedom Community Credit Union?

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

Mission Statement of Freedom Community Credit Union

Freedom Community Credit Union, as a financial institution within the credit union industry, is dedicated to providing credit union services. Its mission encompasses supporting its members by offering savings opportunities and loans. In essence, Freedom Community Credit Union acts as a reliable financial partner for its members, offering them various financial solutions within the credit union sector.

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Impact




October, 2024

Freedom Community Credit Union positively impacts the community by providing accessible financial services, such as member savings and loans. Located in Fargo, ND, it operates within the credit union industry, ensuring that members have the support they need to manage their finances effectively. By focusing on member-centric services, the credit union fosters financial literacy and empowerment, helping individuals and families to achieve their financial goals. Through its commitment to public benefit, Freedom Community Credit Union plays a vital role in enhancing the economic well-being of its members and the surrounding community.




This information is meant to be a general summary of Freedom 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.

Revenue
$761,883 (2022)
Expenses
$794,458 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $122,541
  • Program Service Revenue: $639,342
  • Gross Receipts: $761,883

Assets and Liabilities:

  • Total Assets: $31,442,251
  • Total Liabilities: $28,868,782
  • Net Assets: $2,573,469

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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

$551,741

Fees and Charges

Revenue

$74,378

Other Income

Revenue

$13,223

Organization Details

Founding Year

1954

Principal Officer

Brent Ehrichs

Main Address

2940 N UNIVERSITY DRIVE, Fargo, ND, 58102

NTEE Category

Code: W60 - Public benefit

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