Farmers Credit Union

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

EIN: 480586507 ✦ Hays, KS ✦ Designated as a 501(c)(14)

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Overview

What is Farmers Credit Union?

Farmers Credit Union is a nonprofit organization, headquartered in Hays, Kansas, serving a membership of 1,019 individuals. This financial institution is dedicated to providing top-notch financial services, aiming to improve the financial health of its members while ensuring its own financial stability. With a modest team of five employees, Farmers Credit Union delivers these services with utmost quality and commitment.


Official website here: www.farmerscu.org

Is Farmers Credit Union legitimate?

Farmers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Farmers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,375

For more financial information, click here


Official website here: www.farmerscu.org

What is the mission statement of Farmers Credit Union?

Farmers Credit Union is committed to providing top-notch financial services to its members, aiming to enhance their financial well-being. The credit union strives to maintain its financial stability while delivering these services. Its mission is centered around offering a diverse range of financial and financially related services to over a thousand members. By doing so, Farmers Credit Union aims to contribute positively to its members' financial lives.


Official website here: www.farmerscu.org

Who is the CEO of Farmers Credit Union?

Daniel Springer is the Principal Officer of Farmers Credit Union.


Official website here: www.farmerscu.org

What is the revenue of Farmers Credit Union?

Farmers Credit Union's revenue in 2022 was $208,094.


Official website here: www.farmerscu.org

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

The average compensation at Farmers Credit Union during 2022 was $13,675. There are 5 employees and 8 volunteers at Farmers Credit Union.


Here are 5 key members and their salaries:


Darren Walters (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Meder (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Phillips (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Ehrlich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Roth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.farmerscu.org

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

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


Official website here: www.farmerscu.org

Learn more at the official website: www.farmerscu.org

Mission Statement of Farmers Credit Union

Farmers Credit Union, a financial institution, is committed to delivering top-notch financial services to its members, aiming to enhance their financial well-being. The organization's mission is twofold: it seeks to provide high-quality financial services to its members while ensuring the financial stability of the credit union itself. This mission underscores Farmers Credit Union's dedication to its members, prioritizing their financial needs and interests while maintaining a strong financial position. The credit union serves 1,019 members, demonstrating its commitment to providing financial and financially related services to a substantial number of individuals.

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Impact




October, 2024

Farmers Credit Union significantly impacts its members and the Hays, KS community by delivering high-quality financial services that enhance the financial well-being of its 1,019 members. By focusing on the financial empowerment of its members, the credit union fosters a supportive environment that promotes responsible financial practices and expands access to essential financial resources.

This commitment to member-focused services not only strengthens individual financial health but also contributes to the overall stability and resilience of the local economy. By prioritizing the needs of its members and upholding financial strength, Farmers Credit Union plays a vital role in improving the quality of life in the Hays community, ensuring that members have the tools and support necessary to achieve their financial goals.




This information is meant to be a general summary of Farmers 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
$208,094 (2022)
Expenses
$187,861 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $16,960
  • Program Service Revenue: $191,134
  • Gross Receipts: $208,094

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$148,077

FEES & OTHER INCOME

Revenue

$43,057

Organization Details

Founding Year

1953

Principal Officer

Daniel Springer

Main Address

2825 PLAZA AVENUE, HAYS, KS, 676011923

NTEE Category

Code: W60 - Public benefit

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