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Georgia's Own Credit Union

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

EIN: 580147128 ✦ Atlanta, GA ✦ Designated as a 501(c)(14)

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Overview

What is Georgia's Own Credit Union?

Georgia's Own Credit Union is an Atlanta-based financial institution and credit union that caters to over 200,000 members. With a mission driven by purpose, the credit union offers savings and lending programs. Their operations extend beyond just banking, as they prioritize serving their community.


Official website here: www.gerogiasown.org

What are the reviews and ratings of this charity?

Georgia's Own Credit Union does not currently have a rating from Charity Navigator. The absence of a rating is due to its status as an organization not registered under 501(c)(3) according to the IRS, which makes it ineligible for evaluation by Charity Navigator's standard methodologies for nonprofits. This implies neither a positive nor negative assessment, but rather that the organization has not been evaluated under these particular criteria.

As a credit union, it operates under different guidelines than nonprofits traditionally considered by Charity Navigator. This results in a lack of available data regarding its financial practices, salaries, and revenue. Nonetheless, basic structural information is accessible through IRS published data, classified under a different foundation code than that of typical nonprofits.

There are no user reviews available on GreatNonprofits, leaving a gap in publicly shared personal experiences or testimonials that might provide further insight into the organization's community impact or member satisfaction.


This AI summary has been generated from information found on Charity Navigator.

Is Georgia's Own Credit Union legitimate?

Georgia's Own Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Georgia's Own 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: $7,307,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,514,551

For more financial information, click here


Official website here: www.gerogiasown.org

What is the mission statement of Georgia's Own Credit Union?

Georgia's Own Credit Union is a purpose-driven financial institution serving over 200,000 members with savings and lending programs. Their mission goes beyond typical banking services, as they prioritize making a positive impact on their community. Through various savings and lending programs, this credit union aims to improve the financial well-being of its members. By focusing on their mission, Georgia's Own Credit Union distinguishes itself as more than just a financial institution.


Official website here: www.gerogiasown.org

Who is the CEO of Georgia's Own Credit Union?

David A Preter is the Director/Ceo of Georgia's Own Credit Union. The CEO's salary of Georgia's Own Credit Union is $2,062,826 and their total compensation is $2,224,879.


Official website here: www.gerogiasown.org

What is the revenue of Georgia's Own Credit Union?

Georgia's Own Credit Union's revenue in 2022 was $209,813,141.


Official website here: www.gerogiasown.org

Who are the executives of Georgia's Own Credit Union and what are their salaries?

The average compensation at Georgia's Own Credit Union during 2022 was $61,925. There are 853 employees at Georgia's Own Credit Union.


Here are 27 key members and their salaries (Georgia's Own Credit Union's CEO's salary is $2,062,826 and their total compensation is $2,224,879):


Richard E Burns (Director-Chairperson)
  • Compensation: $27,414
  • Related: $0
  • Other: $0
David Dickey (Director- Vice Chairperson)
  • Compensation: $27,509
  • Related: $0
  • Other: $0
Joan K Sims (Director- Secretary)
  • Compensation: $27,585
  • Related: $0
  • Other: $0
Patrick H Casey (Director- Treasurer)
  • Compensation: $27,673
  • Related: $0
  • Other: $0
David A Preter (Director/Ceo)
  • Compensation: $2,062,826
  • Related: $0
  • Other: $162,053
Michael W Baumgartner (Director)
  • Compensation: $27,509
  • Related: $0
  • Other: $0
William E Conine (Director)
  • Compensation: $27,673
  • Related: $0
  • Other: $0
James L Fowler (Director)
  • Compensation: $27,673
  • Related: $0
  • Other: $0
Gary M Ludgood (Director)
  • Compensation: $27,509
  • Related: $0
  • Other: $0
Thomas H Pollock (Director)
  • Compensation: $27,490
  • Related: $0
  • Other: $0
Ervin M Walker (Director)
  • Compensation: $27,414
  • Related: $0
  • Other: $0
George Reynolds (Director)
  • Compensation: $26,243
  • Related: $0
  • Other: $0
Christin Hewitt (Chief Financial Officer)
  • Compensation: $422,412
  • Related: $0
  • Other: $57,863
Cindy Boyles (Chief Administrative & Talent Officer)
  • Compensation: $434,350
  • Related: $0
  • Other: $141,742
Eric Broome (Chief Operations Officer)
  • Compensation: $479,184
  • Related: $0
  • Other: $112,391
John Carew (Chief Strategy Officer)
  • Compensation: $778,433
  • Related: $0
  • Other: $98,443
Kelly Garmon (Chief Retail Officer)
  • Compensation: $512,297
  • Related: $0
  • Other: $153,730
Barry Heape (President Market Development)
  • Compensation: $1,426,801
  • Related: $0
  • Other: $74,402
Drew Putt (Chief Business Officer)
  • Compensation: $543,735
  • Related: $0
  • Other: $203,020
Matthew Havice (Chief Risk Officer & General Counsel)
  • Compensation: $350,011
  • Related: $0
  • Other: $49,890
Kevan Williamson (Chief Technology Officer)
  • Compensation: $322,904
  • Related: $0
  • Other: $58,420
Robert Youngblood (Regional President Southwest Region)
  • Compensation: $762,052
  • Related: $0
  • Other: $40,966
Aaron Craig (Vp, Mortgage & Indirect Sales)
  • Compensation: $324,336
  • Related: $0
  • Other: $67,390
Teresa Martin (Svp Accounting)
  • Compensation: $285,469
  • Related: $0
  • Other: $60,425
Michael Stone (Svp Commercial Lending)
  • Compensation: $289,080
  • Related: $0
  • Other: $47,630
Rodney Cowan (Svp Hr & Talent Development)
  • Compensation: $281,742
  • Related: $0
  • Other: $41,800
Greg L Gibson (Former Chief Financial Officer)
  • Compensation: $242,514
  • Related: $0
  • Other: $44,854


Official website here: www.gerogiasown.org

Where can I find the form 990 for Georgia's Own Credit Union?

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


Official website here: www.gerogiasown.org

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

Mission Statement of Georgia's Own Credit Union

Georgia's Own Credit Union is a purpose-driven financial institution and credit union based in Atlanta, serving over 200,000 members. With a mission to make a difference, the credit union goes beyond traditional banking services, offering savings and lending programs.

At the heart of Georgia's Own Credit Union lies a strong commitment to its members. The organization is more than just a financial institution; it is a community dedicated to improving the lives of those it serves. Through its various savings and lending programs, Georgia's Own Credit Union empowers its members to reach their financial goals and build a better future for themselves and their families.

Georgia's Own Credit Union's purpose-driven mission is not limited to financial services. The credit union is deeply invested in making a positive impact in the lives of its members and the community at large. By providing accessible and affordable financial solutions, the organization helps its members navigate the complexities of financial management and achieve long-term financial stability.

In summary, Georgia's Own Credit Union is an Atlanta-based financial institution that goes above and beyond to serve over 200,000 members with savings and lending programs, all while driven by a purpose to make a difference in the lives of its members and the community.

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Impact




October, 2024

Georgia's Own Credit Union plays a significant role in the financial landscape of Atlanta and beyond. By serving over 200,000 members, it provides essential savings and lending programs tailored to meet the needs of its community. With a mission centered on purpose-driven banking, the credit union emphasizes the importance of financial well-being, empowering individuals and families to achieve their financial goals. Through its offerings, Georgia's Own Credit Union fosters economic stability and growth, contributing positively to the community it serves.




This information is meant to be a general summary of Georgia's Own 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
$209,813,141 (2022)
Expenses
$169,819,859 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $12,720,094
  • Program Service Revenue: $197,093,047
  • Gross Receipts: $413,382,426

Assets and Liabilities:

  • Total Assets: $4,739,869,220
  • Total Liabilities: $4,408,333,514
  • Net Assets: $331,535,706

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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

$133,009,007

OTHER INCOME

Revenue

$42,306,202

FEE INCOME

Revenue

$21,064,988

FINANCE & INSURANCE

Revenue

$652,850

PROFESSIONAL SCIENTIFIC AND TECHN

Revenue

$60,000

Organization Details

Founding Year

1943

Principal Officer

David A Preter

Main Address

100 PEACHTREE ST NW 2800, ATLANTA, GA, 30303

NTEE Category

Code: W61 - Public benefit

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