Hutchinson Government Employees Credit Union

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

EIN: 480685152 ✦ Hutchinson, KS ✦ Designated as a 501(c)(14)

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Overview

What is Hutchinson Government Employees Credit Union?

Hutchinson Government Employees Credit Union is a nonprofit organization situated in Hutchinson, Kansas, specifically at 121 East Avenue A. With a mission to enhance the financial well-being of its 2,445 members, this credit union offers a wide range of financial and related services. Their primary objective is to provide high-quality financial solutions, ensuring the financial stability of the credit union alongside the satisfaction of its members. The credit union employs a team of 11 individuals to achieve this mission.


Official website here: www.hgecu.com

Is Hutchinson Government Employees Credit Union legitimate?

Hutchinson Government Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hutchinson Government Employees 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: $125,433
Professional Fundraising Fees: $0
Other Salaries and Wages: $260,644

For more financial information, click here


Official website here: www.hgecu.com

What is the mission statement of Hutchinson Government Employees Credit Union?

The Hutchinson Government Employees Credit Union is dedicated to providing top-notch financial services to its members, aiming to enhance their financial well-being. This is achieved while ensuring the financial stability of the credit union itself. The primary objective of the credit union is to offer a variety of financial and financially-related services to its 2,445 members, ensuring they have access to reliable and beneficial financial solutions.


Official website here: www.hgecu.com

Who is the CEO of Hutchinson Government Employees Credit Union?

Kory Phillips is the Chairperson of Hutchinson Government Employees Credit Union.


Official website here: www.hgecu.com

What is the revenue of Hutchinson Government Employees Credit Union?

Hutchinson Government Employees Credit Union's revenue in 2022 was $1,179,507.


Official website here: www.hgecu.com

Who are the executives of Hutchinson Government Employees Credit Union and what are their salaries?

The average compensation at Hutchinson Government Employees Credit Union during 2022 was $35,098. There are 11 employees and 8 volunteers at Hutchinson Government Employees Credit Union.


Here are 6 key members and their salaries:


Greg Henke (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Williams (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenni Winters (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Finney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Moses (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kory Phillips (President)
  • Compensation: $115,750
  • Related: $0
  • Other: $9,683


Official website here: www.hgecu.com

Where can I find the form 990 for Hutchinson Government Employees Credit Union?

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


Official website here: www.hgecu.com

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

Mission Statement of Hutchinson Government Employees Credit Union

Hutchinson Government Employees Credit Union, a financial institution dedicated to its members, is committed to delivering top-notch financial services. The primary objective of this credit union is to enhance the financial well-being of its members, while simultaneously ensuring the financial stability of the organization itself. By providing a variety of financial and financially related services, Hutchinson Government Employees Credit Union aims to contribute positively to the financial lives of its 2,445 members. The credit union's mission is not solely about offering financial services; it is about empowering its members to manage their finances effectively and securely, thereby improving their overall financial health.

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Impact




October, 2024

Hutchinson Government Employees Credit Union plays a vital role in enhancing the financial well-being of its 2,445 members in Hutchinson, Kansas. By providing high-quality financial services tailored to meet the needs of government employees, the credit union fosters financial stability and growth for its members. Through various offerings, including savings accounts, loans, and financial advice, it empowers members to achieve their financial goals. The organization's commitment to maintaining financial strength ensures that it can continue to support the community, ultimately contributing to the overall economic health of Hutchinson.




This information is meant to be a general summary of Hutchinson Government Employees 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
$1,179,507 (2022)
Expenses
$1,103,436 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $109,945
  • Program Service Revenue: $1,069,562
  • Gross Receipts: $1,179,507

Assets and Liabilities:

  • Total Assets: $22,512,607
  • Total Liabilities: $20,277,502
  • Net Assets: $2,235,105

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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

$763,090

FEES & OTHER INCOME

Revenue

$290,872

WARRANTY/VPP SALES

Revenue

$15,600

Organization Details

Founding Year

1945

Principal Officer

Kory Phillips

Main Address

121 EAST AVENUE A, HUTCHINSON, KS, 675017451

NTEE Category

Code: W60 - Public benefit

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