Overview
What is Liberty First Credit Union?
Liberty First Credit Union is a financial cooperative based in Lincoln, Nebraska, with a mission to promote thrift and offer diverse loan options to its members. With over 28,000 members at the end of 2019, the Credit Union had an impressive 17,000 outstanding loans. Members can choose from various deposit accounts such as savings, checking, certificates, and others. Liberty First Credit Union's activities revolve around fostering financial responsibility and providing essential financial services to its community.
Official website here: www.libertyfirstcu.com
What are the reviews and ratings of this charity?
Liberty First Credit Union does not have a current rating from Charity Navigator. This absence of a rating is due to the credit union's classification under a non-501(c)(3) IRS status, which precludes it from the typical evaluation methods used by Charity Navigator, such as Accountability & Finance or Impact & Measurement scores.
The information available focuses on the structural details of Liberty First Credit Union, including its designation as a subordinate organization under a group ruling. This means the credit union operates under the oversight of a larger parent organization, which can occasionally affect evaluation indicators that Charity Navigator employs.
There are no user reviews available from GreatNonprofits for Liberty First Credit Union, meaning there's limited public feedback to gauge customer experience or community impact beyond structural data.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty First Credit Union legitimate?
Liberty First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Liberty First 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: $3,110,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,385,607
For more financial information, click here
Official website here: www.libertyfirstcu.com
What is the mission statement of Liberty First Credit Union?
Liberty First Credit Union functions as a financial cooperative, encouraging members to practice thrift and offering them a range of loan options. With a membership base of 28,854 and 17,464 outstanding loans in 2019, this cooperative aims to help its members manage their finances. Beyond loans, Liberty First Credit Union provides various deposit account types to cater to its members' savings and checking needs. In summary, the Credit Union's mission revolves around promoting financial responsibility and providing affordable financial solutions to its membership.
Official website here: www.libertyfirstcu.com
Who is the CEO of Liberty First Credit Union?
Frank Wilber is the CEO of Liberty First Credit Union The CEO's salary of Liberty First Credit Union is $1,098,307 and their total compensation is $1,133,673.
Official website here: www.libertyfirstcu.com
What is the revenue of Liberty First Credit Union?
Liberty First Credit Union's revenue in 2023 was $32,931,650.
Official website here: www.libertyfirstcu.com
Who are the executives of Liberty First Credit Union and what are their salaries?
The average compensation at Liberty First Credit Union during 2023 was $52,387. There are 124 employees and 11 volunteers at Liberty First Credit Union.
Here are 16 key members and their salaries (Liberty First Credit Union's CEO's salary is $1,098,307 and their total compensation is $1,133,673):
- Compensation: $1,098,307
- Related: $0
- Other: $35,366
- Compensation: $530,315
- Related: $0
- Other: $28,421
- Compensation: $375,747
- Related: $0
- Other: $30,605
- Compensation: $270,951
- Related: $0
- Other: $27,346
- Compensation: $137,242
- Related: $0
- Other: $20,004
- Compensation: $134,542
- Related: $0
- Other: $17,303
- Compensation: $123,135
- Related: $0
- Other: $17,295
- Compensation: $115,892
- Related: $0
- Other: $18,242
- Compensation: $112,229
- Related: $0
- Other: $17,473
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.libertyfirstcu.com
Where can I find the form 990 for Liberty First Credit Union?
Liberty First Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.libertyfirstcu.com
Learn more at the official website: www.libertyfirstcu.com
Mission Statement of Liberty First Credit Union
Liberty First Credit Union, a financial cooperative, is dedicated to promoting thrift and offering a multitude of loan options to its members. With a significant membership base of 28,854 individuals and 17,464 active loans at the end of 2019, the Credit Union emphasizes the importance of saving and responsible borrowing. The organization's primary mission is to serve its members by facilitating financial growth and stability through various financial services.
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Impact
October, 2024
Liberty First Credit Union plays a significant role in its community by promoting financial well-being and encouraging thrift among its members. With a strong membership base of 28,854 individuals, the Credit Union supports local economic growth by providing a diverse array of loans, evidenced by the 17,464 outstanding loans at the end of 2019.
By offering various deposit account types, including savings, checking, and certificates, Liberty First equips its members with the tools to manage their finances effectively. This financial cooperative fosters a sense of community and belonging, empowering individuals to achieve their financial goals while contributing to the overall economic stability of Lincoln, NE. Through its services, Liberty First Credit Union enhances financial literacy and promotes responsible financial practices, paving the way for a more prosperous community.
This information is meant to be a general summary of Liberty First 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 2023.
- Investment Income: $3,081,853
- Program Service Revenue: $29,763,029
- Gross Receipts: $34,307,603
Assets and Liabilities:
- Total Assets: $422,383,303
- Total Liabilities: $369,419,397
- Net Assets: $52,963,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND OTHER INCOME
Revenue
$9,279,384
INTEREST ON LOANS
Revenue
$20,299,875
LEASE INCOME
Revenue
$86,807
WARRANTY SALES
Revenue
$96,963
Organization Details
Founding Year
1935
Principal Officer
Frank Wilber
Website
www.libertyfirstcu.comNTEE Category
Code: W60 - Public benefit
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