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North Georgia Credit Union

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

EIN: 580677211 ✦ Toccoa, GA ✦ Designated as a 501(c)(14)

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Overview

What is North Georgia Credit Union?

North Georgia Credit Union is a not-for-profit financial cooperative, established with a mission to serve 11,435 member-owners. Located at 1067 Mize Road, Toccoa, GA 30577, the credit union offers thrift savings and borrowing services to its members. With a team of 40 employees, North Georgia Credit Union operates as a fully functional financial institution, providing its members with essential financial services.


Official website here: www.ngcu.org

Is North Georgia Credit Union legitimate?

North Georgia Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North Georgia 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: $465,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,207,011

For more financial information, click here


Official website here: www.ngcu.org

What is the mission statement of North Georgia Credit Union?

North Georgia Credit Union serves as a not-for-profit financial cooperative, catering to its 11,435 member-owners. Its primary mission is to facilitate thrift savings and borrowing opportunities within this community. By operating as a cooperative, the credit union aims to provide its members with financial resources, fostering financial well-being and financial empowerment. The credit union's purpose is to serve its members, offering them a platform to save, borrow, and manage their finances in a cooperative manner.


Official website here: www.ngcu.org

Who is the CEO of North Georgia Credit Union?

Brian Akin is the President/Ceo of North Georgia Credit Union. The CEO's salary of North Georgia Credit Union is $360,031 and their total compensation is $440,551.


Official website here: www.ngcu.org

What is the revenue of North Georgia Credit Union?

North Georgia Credit Union's revenue in 2022 was $5,525,029.


Official website here: www.ngcu.org

Who are the executives of North Georgia Credit Union and what are their salaries?

The average compensation at North Georgia Credit Union during 2022 was $41,817. There are 40 employees and 9 volunteers at North Georgia Credit Union.


Here are 9 key members and their salaries (North Georgia Credit Union's CEO's salary is $360,031 and their total compensation is $440,551):


Brian K Akin (President/Ceo)
  • Compensation: $360,031
  • Related: $0
  • Other: $80,520
Laura J Williams (Vice President)
  • Compensation: $105,648
  • Related: $0
  • Other: $19,903
Harold Harbin (Director & Audit/Supv Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Herron (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juanita Worley (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Gibby (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Norris (Director & Audit/Supv Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Thomas (Board Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Ayers (Director & Audit/Supv Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ngcu.org

Where can I find the form 990 for North Georgia Credit Union?

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


Official website here: www.ngcu.org

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

Mission Statement of North Georgia Credit Union

North Georgia Credit Union, as a not-for-profit financial cooperative, is dedicated to serving its 11,435 member-owners. Its primary mission is to facilitate thrift savings and borrowing opportunities within this community. By operating as a financial cooperative, North Georgia Credit Union enables its members to collectively benefit from financial services, thereby promoting financial well-being and stability among its members.

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Impact




October, 2024

North Georgia Credit Union plays a vital role in the financial well-being of its community by offering thrift savings and borrowing services to its 11,435 member-owners. Located in Toccoa, Georgia, the credit union operates as a financial cooperative, ensuring that its members have access to affordable financial products and services that meet their needs.

By focusing on the interests of its members rather than profit generation, North Georgia Credit Union fosters a sense of community and support among its member-owners. This cooperative model encourages savings, promotes responsible borrowing, and enhances the financial literacy of its members. This results in a stronger local economy and improved financial stability for individuals and families in the area.

In addition to providing essential financial services, North Georgia Credit Union actively contributes to the public benefit by promoting economic opportunities and strengthening the community fabric in Toccoa and surrounding areas.




This information is meant to be a general summary of North Georgia 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
$5,525,029 (2022)
Expenses
$4,516,142 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $253,028
  • Program Service Revenue: $5,272,001
  • Gross Receipts: $5,525,029

Assets and Liabilities:

  • Total Assets: $91,531,060
  • Total Liabilities: $81,841,833
  • Net Assets: $9,689,227

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Programs

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

Interest on Member Loans

Revenue

$3,673,324

Fees & Charges

Revenue

$685,789

Other Operating Income

Revenue

$912,888

Organization Details

Founding Year

1941

Principal Officer

Brian Akin

Main Address

1067 Mize Road, Toccoa, GA, 30577

NTEE Category

Code: W61 - Public benefit

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