Area Schools Credit Union

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

EIN: 450279071 ✦ Grand forks, ND ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Area Schools Credit Union?

Area Schools Credit Union is a membership-based financial organization, serving around 2828 individuals. Established with the purpose of mutual financial aid, it offers various financial services, including savings facilities, loans, and other financial assistance. The credit union's mission is to support its members financially, ensuring they have access to essential financial services.


Official website here: www.gfaccu.com

Is Area Schools Credit Union legitimate?

Area Schools Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Area Schools 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: $98,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $253,985

For more financial information, click here


Official website here: www.gfaccu.com

What is the mission statement of Area Schools Credit Union?

The Area Schools Credit Union is committed to serving its approximately 2828 members by providing a savings facility, loans, and various financial services. This non-profit organization operates with the mission to offer mutual financial support programs, aiming to cater to the financial needs of its members.


Official website here: www.gfaccu.com

Who is the CEO of Area Schools Credit Union?

Desiree Peterson is the Exec Director/Ceo of Area Schools Credit Union. The CEO's salary of Area Schools Credit Union is $95,021 and their total compensation is $95,021.


Official website here: www.gfaccu.com

What is the revenue of Area Schools Credit Union?

Area Schools Credit Union's revenue in 2021 was $1,280,242.


Official website here: www.gfaccu.com

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

The average compensation at Area Schools Credit Union during 2021 was $44,114. There are 8 employees and 7 volunteers at Area Schools Credit Union.


Here are 5 key members and their salaries (Area Schools Credit Union's CEO's salary is $95,021 and their total compensation is $95,021):


Lonny Nygren (Exec Director/Ceo)
  • Compensation: $95,021
  • Related: $0
  • Other: $0
Daryl Bragg (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darin Mitchell (Board Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Gunderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayne Borboa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gfaccu.com

Where can I find the form 990 for Area Schools Credit Union?

Area Schools Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.gfaccu.com

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

Mission Statement of Area Schools Credit Union

Area Schools Credit Union is committed to providing a savings facility, loans, and various financial services to its approximately 2828 members. This mission is geared towards fostering mutual financial support within the credit union community. The credit union operates with the goal of offering its members access to essential financial tools, thereby empowering them to manage their finances effectively. By providing these services, Area Schools Credit Union aims to contribute positively to its members' financial well-being.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Area Schools Credit Union plays a significant role in supporting its community by offering essential financial services to approximately 2,828 members. By providing savings facilities and loans, it fosters mutual financial support among its members, enhancing their economic stability and well-being. Located in Grand Forks, ND, the credit union is dedicated to empowering its members with accessible financial resources, thereby promoting a sense of community and trust. Its focus on member-oriented services ensures that individuals have the tools needed for sound financial management, ultimately contributing to the overall economic health of the region.




This information is meant to be a general summary of Area Schools 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
$1,280,242 (2021)
Expenses
$1,061,368 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $51,415
  • Program Service Revenue: $1,228,827
  • Gross Receipts: $1,280,242

Assets and Liabilities:

  • Total Assets: $27,129,124
  • Total Liabilities: $60,514
  • Net Assets: $27,068,610

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCOME FROM LOANS

Revenue

$955,574

FEES & CHARGES

Revenue

$266,226

INSURANCE INCOME

Revenue

$1,127

SERVICE CHARGE INCOME

Revenue

$5,900

Organization Details

Founding Year

1958

Principal Officer

Desiree Peterson

Main Address

2800 S Washington St, Grand Forks, ND, 58201

NTEE Category

Code: W60 - Public benefit

If you are a representative of Area Schools 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.