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The Savannah Postal Credit Union

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

EIN: 580626152 ✦ Savannah, GA ✦ Designated as a 501(c)(14)

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Overview

What is The Savannah Postal Credit Union?

The Savannah Postal Credit Union is a nonprofit cooperative, located at 22 OGLETHORPE PROFESSIONAL BLVD, Savannah, GA 31406. Its primary purpose is to offer savings and borrowing opportunities to its members. As a cooperative, it operates on the principle of 'by members, for members,' ensuring that its services cater to the financial needs of its membership base. The organization, with a team of 8 employees, is dedicated to providing financial assistance to its members, fostering a sense of community and financial security.


Official website here: www.savannahpostalcu.com

Is The Savannah Postal Credit Union legitimate?

The Savannah Postal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Savannah Postal 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: $128,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,333

For more financial information, click here


Official website here: www.savannahpostalcu.com

What is the mission statement of The Savannah Postal Credit Union?

The Savannah Postal Credit Union's mission is centered around serving its member base. Its primary objective is to facilitate thrift savings and provide borrowing opportunities within a cooperative setting, ensuring financial assistance is readily available to its members. By operating as an owned cooperative, the credit union aims to cater to the financial needs of its members, offering both savings and borrowing options.


Official website here: www.savannahpostalcu.com

Who is the CEO of The Savannah Postal Credit Union?

Nichole Williams is the Director of The Savannah Postal Credit Union. The CEO's salary of The Savannah Postal Credit Union is $58,000 and their total compensation is $58,000.


Official website here: www.savannahpostalcu.com

What is the revenue of The Savannah Postal Credit Union?

The Savannah Postal Credit Union's revenue in 2022 was $1,103,568.


Official website here: www.savannahpostalcu.com

Who are the executives of The Savannah Postal Credit Union and what are their salaries?

The average compensation at The Savannah Postal Credit Union during 2022 was $43,239. There are 8 employees at The Savannah Postal Credit Union.


Here are 6 key members and their salaries (The Savannah Postal Credit Union's CEO's salary is $58,000 and their total compensation is $58,000):


Freda Henderson (Director)
  • Compensation: $70,582
  • Related: $0
  • Other: $0
David Usher (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Rogers (Audit Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelby Pearson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evelyn Brown (Credit Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nichole Williams (President/Ceo)
  • Compensation: $58,000
  • Related: $0
  • Other: $0


Official website here: www.savannahpostalcu.com

Where can I find the form 990 for The Savannah Postal Credit Union?

The Savannah Postal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.savannahpostalcu.com

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

Mission Statement of The Savannah Postal Credit Union

The Savannah Postal Credit Union, as a cooperative, is committed to its mission. This mission involves offering savings and borrowing opportunities to its members. By doing so, the credit union aims to provide financial assistance to its members in a responsible and cooperative manner. In simpler terms, the Savannah Postal Credit Union exists to facilitate savings and lending services for its cooperative membership, thereby empowering its members financially.

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Impact




October, 2024

The Savannah Postal Credit Union plays a vital role in promoting financial stability and empowerment within the community. By offering thrift savings and borrowing opportunities to its members, the credit union facilitates responsible financial planning and encourages savings habits. This fosters a sense of financial security, enabling individuals and families to achieve their personal financial goals.

Moreover, as an owned cooperative, it ensures that the interests of its members are prioritized, fostering a strong sense of community and mutual support. By providing accessible financial services, the Savannah Postal Credit Union contributes to bolstering local economic growth and improving the overall quality of life for its members. Its focus on thrift and borrowing not only aids in personal financial management but also promotes a culture of financial literacy and responsibility within the Savannah community.




This information is meant to be a general summary of The Savannah Postal 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
$1,103,568 (2022)
Expenses
$1,061,273 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $156,333
  • Program Service Revenue: $623,743
  • Gross Receipts: $1,103,568

Assets and Liabilities:

  • Total Assets: $25,881,580
  • Total Liabilities: $22,934,742
  • Net Assets: $2,946,838

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO MEMBERS

Revenue

$623,743

Organization Details

Founding Year

1952

Principal Officer

Nichole Williams

Main Address

22 OGLETHORPE PROFESSIONAL BLVD, SAVANNAH, GA, 31406

NTEE Category

Code: W61 - Public benefit

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