Overview
What is Ecusta Credit Union?
Established in 1976, Ecusta Credit Union initially catered to the Olin Corporation employees, offering a secure and member-focused financial institution. Over time, it underwent various name changes and now serves individuals residing, working, worshiping, or studying in Transylvania and Henderson counties. As a cooperative, Ecusta Credit Union distinguishes itself from banks and savings and loans by ensuring that every member is a co-owner, resulting in competitive savings rates, reduced loan fees, and cost-effective services. At its core, the credit union's mission is to provide financial services to its members at reasonable rates while being capable of paying reasonable dividends on member share accounts.
Official website here: www.ecustacu.com
What do the Facebook reviews say about Ecusta Credit Union?
88% of 25 reviewers on Facebook recommend Ecusta Credit Union. Here is a summary of their reviews:
Many patrons express satisfaction with the service provided at this credit union, highlighting the helpfulness and friendliness of the tellers. Customers appreciate the supportive atmosphere, indicating that the staff goes above and beyond to assist them.
Overall, it seems that Ecusta Credit Union succeeds in delivering a positive banking experience, fostering a strong sense of community and reliability among its members.
This AI summary has been generated from reviews found on Facebook.
Is Ecusta Credit Union legitimate?
Ecusta Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ecusta 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: $656,345
For more financial information, click here
Official website here: www.ecustacu.com
What is the mission statement of Ecusta Credit Union?
Ecusta Credit Union's mission is centered around serving its members effectively. It aims to provide financial services at reasonable rates, with the additional goal of paying reasonable dividends on member share accounts. The credit union's primary objective is to cater to its members' financial needs, ensuring a safe and convenient place for both savings and borrowing. Unlike traditional financial institutions, Ecusta Credit Union operates as a cooperative, with each member acting as a co-owner. This structure allows for competitive interest rates on savings and lower costs on loans, as well as a focus on providing cost-effective services to its members.
Official website here: www.ecustacu.com
Who is the CEO of Ecusta Credit Union?
Dora Blanchard is the Vice Preside of Ecusta Credit Union.
Official website here: www.ecustacu.com
What is the revenue of Ecusta Credit Union?
Ecusta Credit Union's revenue in 2022 was $3,019,459.
Official website here: www.ecustacu.com
Who are the executives of Ecusta Credit Union and what are their salaries?
The average compensation at Ecusta Credit Union during 2022 was $38,609. There are 17 employees at Ecusta Credit Union.
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Official website here: www.ecustacu.com
Where can I find the form 990 for Ecusta Credit Union?
Ecusta Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecustacu.com
Learn more at the official website: www.ecustacu.com
Mission Statement of Ecusta Credit Union
Ecusta Credit Union, established in 1976, was originally created to cater to the financial needs of Olin Corporation's employees. Since then, it has expanded its services to anyone residing, working, worshipping, or attending school in Transylvania or Henderson counties. The credit union's mission, in essence, is to offer its members affordable financial services and the potential for reasonable dividends on their share accounts.
As a member-owned institution, Ecusta Credit Union sets itself apart from traditional banks and savings and loans. It offers competitive savings rates, providing its members with a chance to save more. Additionally, it extends loans at lower interest rates, making it more affordable for its members to borrow. Furthermore, Ecusta Credit Union prides itself on providing its members with free or low-cost services, ensuring that its members can manage their finances efficiently without incurring high costs.
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Impact
October, 2024
Ecusta Credit Union plays a significant role in the financial well-being of its members and the broader community. Founded in 1976 to serve Olin Corporation employees, it has evolved to offer financial services to anyone living, working, worshiping, or attending school in Transylvania or Henderson counties.
By prioritizing the needs of its members over profit, Ecusta Credit Union provides competitive rates on savings accounts and lower interest rates on loans, ensuring that members benefit from favorable financial conditions. This member-centric approach not only fosters a sense of ownership among its members, who are also co-owners of the credit union, but also contributes to a more stable financial ecosystem within the community.
In addition to its attractive financial offerings, Ecusta Credit Union emphasizes accessibility by providing a range of free or low-cost services. This commitment enhances financial literacy and empowers local residents to manage their finances more effectively, ultimately leading to improved economic stability in the region. Through its dedication to reasonable rates and member dividends, Ecusta Credit Union supports the financial growth of individuals while strengthening community ties.
This information is meant to be a general summary of Ecusta 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: $733,783
- Program Service Revenue: $2,143,068
- Gross Receipts: $3,019,459
Assets and Liabilities:
- Total Assets: $79,720,628
- Total Liabilities: $71,994,301
- Net Assets: $7,726,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,382,005
OTHER INCOME
Revenue
$514,834
FEE INCOME
Revenue
$246,229
Organization Details
Founding Year
1976
Phone
(828) 884-7283Principal Officer
Dora Blanchard
Main Address
PO BOX 910, PISGAH FOREST, NC, 28768
Website
www.ecustacu.comNTEE Category
Code: W60 - Public benefit
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