Overview
What is Greensboro Credit Union?
Greensboro Credit Union is a nonprofit establishment with a primary focus on serving its members. Its mission is multifaceted, encompassing the provision of affordable loans and savings accounts. The credit union ensures that these services are offered at reasonable rates, thereby benefiting its members financially. Beyond loans and savings, Greensboro Credit Union also extends its services to include share dividends and further loans, all of which are offered at reasonable costs after covering expenses. In summary, Greensboro Credit Union is committed to offering its members a wide range of credit union services at reasonable prices.
Official website here: www.gsocu.org
Is Greensboro Credit Union legitimate?
Greensboro Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Greensboro 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: $61,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,156
For more financial information, click here
Official website here: www.gsocu.org
What is the mission statement of Greensboro Credit Union?
Greensboro Credit Union's mission is centered around serving its members by offering loans and savings accounts at reasonable rates. The credit union aims to distribute share dividends and provide loans at reasonable costs after covering expenses. In essence, its primary objective is to offer credit union services, including loans and savings, at affordable prices to its members.
Official website here: www.gsocu.org
Who is the CEO of Greensboro Credit Union?
Pamala Douglas is the Ceo Director of Greensboro Credit Union. The CEO's salary of Greensboro Credit Union is $61,769 and their total compensation is $61,769.
Official website here: www.gsocu.org
What is the revenue of Greensboro Credit Union?
Greensboro Credit Union's revenue in 2022 was $713,301.
Official website here: www.gsocu.org
Who are the executives of Greensboro Credit Union and what are their salaries?
The average compensation at Greensboro Credit Union during 2022 was $25,103. There are 9 employees and 10 volunteers at Greensboro Credit Union.
Here are 7 key members and their salaries (Greensboro Credit Union's CEO's salary is $61,769 and their total compensation is $61,769):
- Compensation: $61,769
- 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.gsocu.org
Where can I find the form 990 for Greensboro Credit Union?
Greensboro Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gsocu.org
Learn more at the official website: www.gsocu.org
Mission Statement of Greensboro Credit Union
Greensboro Credit Union is committed to serving its members by offering loans and savings accounts at reasonable rates. This nonprofit organization's mission is multifaceted, encompassing three main objectives. Firstly, it aims to provide share dividends and loans to its members at reasonable rates, ensuring that funds are accessible and affordable for its members. Secondly, Greensboro Credit Union offers savings accounts with similar considerations, ensuring that its members can save money without incurring exorbitant fees or interest rates. Lastly, the credit union provides Credit Union services, further expanding its offerings to its members. By adhering to these principles, Greensboro Credit Union demonstrates its dedication to its members' financial well-being, making it a trusted financial partner for its community.
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Impact
October, 2024
Greensboro Credit Union plays a significant role in promoting financial stability and accessibility in the Greensboro community. By providing loans and savings accounts to its members at reasonable rates, the Credit Union supports individuals and families in achieving their financial goals. Members benefit from competitive share dividends, which encourages savings and enhances their financial well-being.
The Credit Union's mission centers on making financial services accessible to the community, ensuring that members can borrow responsibly while also saving effectively. This focus on reasonable rates helps foster a culture of financial responsibility and empowerment, enabling members to manage their finances with confidence. Additionally, the Credit Union contributes to the local economy by supporting members' economic activities, whether it be buying homes, starting businesses, or managing day-to-day expenses.
Overall, Greensboro Credit Union exemplifies a commitment to community welfare by prioritizing member needs and promoting sound financial practices. Through its services, it not only aids individual financial health but also contributes to the overall economic vitality of Greensboro.
This information is meant to be a general summary of Greensboro 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 2022.
- Investment Income: $242,261
- Program Service Revenue: $340,457
- Gross Receipts: $713,301
Assets and Liabilities:
- Total Assets: $20,924,871
- Total Liabilities: $15,594,847
- Net Assets: $5,330,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$258,131
FEE INCOME
Revenue
$82,326
Organization Details
Founding Year
1928
Phone
(336) 855-0662Principal Officer
Pamala Douglas
Main Address
3701 WEST WENDOVER AVENUE, GREENSBORO, NC, 27495
Website
www.gsocu.orgNTEE Category
Code: W60 - Public benefit
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