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North East Kansas Credit Union

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

EIN: 486106696 ✦ Topeka, KS ✦ Designated as a 501(c)(14)

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Overview

What is North East Kansas Credit Union?

North East Kansas Credit Union is a nonprofit organization situated in Topeka, Kansas, serving a membership of 1,101 individuals. Committed to the credit union philosophy, their primary focus is on providing financial services to their members, ensuring these services are both beneficial and cost-effective. They prioritize their members' assets, striving to create a secure environment while delivering top-notch services. With a team of seven dedicated employees, North East Kansas Credit Union is dedicated to enhancing the financial well-being of its members without compromising on safety or affordability.


Official website here: www.nekcu.com

Is North East Kansas Credit Union legitimate?

North East Kansas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North East Kansas 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: $85,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,652

For more financial information, click here


Official website here: www.nekcu.com

What is the mission statement of North East Kansas Credit Union?

North East Kansas Credit Union is committed to upholding the principles of the credit union movement. This includes operating as a not-for-profit entity, prioritizing member assets in service delivery, and providing the best and most economical services without compromising safety for its members. The credit union's mission is centered around service, ensuring that its operations are guided by this philosophy.


Official website here: www.nekcu.com

Who is the CEO of North East Kansas Credit Union?

Larry Shropshire is the Board President of North East Kansas Credit Union. The CEO's salary of North East Kansas Credit Union is $78,728 and their total compensation is $85,877.


Official website here: www.nekcu.com

What is the revenue of North East Kansas Credit Union?

North East Kansas Credit Union's revenue in 2021 was $542,322.


Official website here: www.nekcu.com

Who are the executives of North East Kansas Credit Union and what are their salaries?

The average compensation at North East Kansas Credit Union during 2021 was $31,933. There are 7 employees and 11 volunteers at North East Kansas Credit Union.


Here are 8 key members and their salaries (North East Kansas Credit Union's CEO's salary is $78,728 and their total compensation is $85,877):


Boyd Fetterolf (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leroy C Cornell (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Rogers (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Hollis (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Bosch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Clark (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Freel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Froman (President/Ceo)
  • Compensation: $78,728
  • Related: $0
  • Other: $7,149


Official website here: www.nekcu.com

Where can I find the form 990 for North East Kansas Credit Union?

North East Kansas Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.nekcu.com

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

Mission Statement of North East Kansas Credit Union

North East Kansas Credit Union is committed to upholding the principles of the credit union movement. This commitment is not driven by profit or charity, but rather by a dedication to serving its members. The credit union makes its members' assets its primary consideration in the development and delivery of services. It strives to provide the best and most cost-effective services without creating an unsafe environment for its membership. The philosophy of North East Kansas Credit Union is centered around putting its members' needs first, ensuring they receive top-notch services in a secure environment.

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Impact




October, 2024

North East Kansas Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its 1,101 members. Committed to the principles of the credit union movement, it prioritizes the assets and well-being of its members in every aspect of service delivery. This focus ensures that members receive the most effective and cost-efficient financial solutions available, fostering a secure environment for their financial dealings.

By emphasizing service over profit, the credit union plays a vital role in empowering individuals and families within Topeka and surrounding areas. It not only offers financial stability but also contributes to the overall economic health of the community. North East Kansas Credit Union stands as a cornerstone for financial education, support, and growth, firmly believing that the best service is fundamental to fostering strong, financially secure members.




This information is meant to be a general summary of North East Kansas 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
$542,322 (2021)
Expenses
$604,655 (2021)
Efficiency

Other financial information:

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

  • Investment Income: $1,843
  • Program Service Revenue: $538,891
  • Gross Receipts: $542,322

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

$405,639

FEES & OTHER INCOME

Revenue

$132,852

WARRANTY SALES

Revenue

$400

Organization Details

Founding Year

1958

Principal Officer

Larry Shropshire

Main Address

3174 SE 6TH AVENUE, TOPEKA, KS, 666072204

NTEE Category

Code: W61 - Public benefit

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