Nucor Employees Credit Union

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

EIN: 576023757 ✦ Florence, SC ✦ Designated as a 501(c)(14)

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Overview

What is Nucor Employees Credit Union?

Nucor Employees Credit Union is a state-chartered financial institution, dedicated to its members. It provides them with accessible loans at fair interest rates and ensures they receive reasonable returns on their deposits. As a state-chartered credit union, its mission is centered around serving its membership base effectively.


Official website here: www.nucorcu.org

Is Nucor Employees Credit Union legitimate?

Nucor Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nucor 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $749,984

For more financial information, click here


Official website here: www.nucorcu.org

What is the mission statement of Nucor Employees Credit Union?

Nucor Employees Credit Union, functioning as a State Chartered Credit Union, is committed to serving its members. It achieves this by offering loans at reasonable rates and welcoming deposits, ensuring members receive fair interest returns on their funds. The credit union's mission is to promote financial well-being within its member community, fostering a mutually beneficial relationship based on reasonable financial transactions.


Official website here: www.nucorcu.org

Who is the CEO of Nucor Employees Credit Union?

Richard Ryan is the Manager/Ceo of Nucor Employees Credit Union. The CEO's salary of Nucor Employees Credit Union is $110,949 and their total compensation is $110,949.


Official website here: www.nucorcu.org

What is the revenue of Nucor Employees Credit Union?

Nucor Employees Credit Union's revenue in 2022 was $2,719,601.


Official website here: www.nucorcu.org

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

The average compensation at Nucor Employees Credit Union during 2022 was $35,714. There are 21 employees at Nucor Employees Credit Union.


Here are 8 key members and their salaries (Nucor Employees Credit Union's CEO's salary is $110,949 and their total compensation is $110,949):


Richard Ryan (Manager/Ceo)
  • Compensation: $110,949
  • Related: $0
  • Other: $0
Philip Alexander (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Starlet Britt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Chapman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Lane (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Montrose (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Ward (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry White (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nucorcu.org

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

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


Official website here: www.nucorcu.org

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

Mission Statement of Nucor Employees Credit Union

Nucor Employees Credit Union, as a state-chartered entity, is committed to serving its members by offering loans at affordable rates and paying competitive interest on deposits. This credit union operates with the primary goal of catering to its members' financial needs, ensuring that both loans and deposit savings are accessible and reasonably priced. By doing so, Nucor Employees Credit Union fosters financial security and well-being for its members, contributing to their overall financial stability.

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Impact




October, 2024

Nucor Employees Credit Union plays a significant role in its community by providing essential financial services tailored to the needs of its members. Located in Florence, SC, the credit union offers loans at reasonable rates, making it easier for members to finance their goals, whether that's purchasing a home, financing education, or managing unexpected expenses.

Additionally, Nucor Employees Credit Union accepts deposits and pays competitive interest rates, encouraging savings and financial stability within its membership base. By prioritizing its members' financial well-being, the credit union fosters a supportive financial environment that contributes to the overall economic health of the community. Through access to affordable loans and fair interest on deposits, Nucor Employees Credit Union enhances the financial literacy and economic opportunities for its members, ultimately driving public benefit in the region.




This information is meant to be a general summary of Nucor 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
$2,719,601 (2022)
Expenses
$2,006,372 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $515,056
  • Program Service Revenue: $2,204,545
  • Gross Receipts: $2,719,601

Assets and Liabilities:

  • Total Assets: $63,172,902
  • Total Liabilities: $55,048,866
  • Net Assets: $8,124,036

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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

$1,174,427

VISA DEBIT INTERCHANGE INCOME

Revenue

$445,109

FEE INCOME

Revenue

$354,956

MISC OPERATING INC

Revenue

$120,678

VISA INTEREST INCOME

Revenue

$69,887

Organization Details

Founding Year

1962

Principal Officer

Richard Ryan

Main Address

POST OFFICE BOX 6469, FLORENCE, SC, 29502

NTEE Category

Code: W60 - Public benefit

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