Mygeorgia Credit Union

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

EIN: 581232957 ✦ Gainesville, GA ✦ Designated as a 501(c)(14)

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Overview

What is Mygeorgia Credit Union?

MyGeorgia Credit Union is a financial institution based in Gainesville, Georgia, specifically at 2601 Limestone Parkway. Its primary mission is to serve its approximately 21,252 members by providing various loan, savings, and other financial services. With a dedicated workforce of 63 employees, MyGeorgia Credit Union is committed to offering a range of financial solutions to its members, contributing to their financial well-being.


Official website here: www.mygacu.com

Is Mygeorgia Credit Union legitimate?

Mygeorgia Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mygeorgia 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: $2,623,753

For more financial information, click here


Official website here: www.mygacu.com

What is the mission statement of Mygeorgia Credit Union?

Mygeorgia Credit Union's mission is centered around providing financial services to its approximately 21,252 members. This includes offering loans, savings, and various other financial services. The credit union's primary activity is to cater to its members' financial needs. While specific details about further societal impact or advocacy initiatives are not provided in the information, it can be inferred that Mygeorgia Credit Union aims to support its members financially, contributing to their overall well-being and financial stability.


Official website here: www.mygacu.com

Who is the CEO of Mygeorgia Credit Union?

Joe Foster is the President of Mygeorgia Credit Union.


Official website here: www.mygacu.com

What is the revenue of Mygeorgia Credit Union?

Mygeorgia Credit Union's revenue in 2022 was $10,094,883.


Official website here: www.mygacu.com

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

The average compensation at Mygeorgia Credit Union during 2022 was $41,647. There are 63 employees and 15 volunteers at Mygeorgia Credit Union.


Here are 20 key members and their salaries:


Joe Foster (President)
  • Compensation: $215,000
  • Related: $0
  • Other: $60,514
Lorie Mcgovern (Evp)
  • Compensation: $145,000
  • Related: $0
  • Other: $41,631
David Daniel (Vp Lending)
  • Compensation: $107,500
  • Related: $0
  • Other: $15,734
Jessica Rothell (Vp Mem Servi)
  • Compensation: $107,500
  • Related: $0
  • Other: $6,613
Dina Thomas (Vp Acct Serv)
  • Compensation: $107,500
  • Related: $0
  • Other: $6,110
Brian Batson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Gaddy (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lamar Gailey (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ravonne Green (Bod Mem/Aud)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dustin Hulsey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Johnson (Audit Com Me)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Mcglaun (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Nicholson (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Townley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Whitlock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Fain (Audit Comm M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Moon (Audit Com Me)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Wales (Audit Com Me)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Yarborugh (Audit Com Me)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mygacu.com

Where can I find the form 990 for Mygeorgia Credit Union?

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


Official website here: www.mygacu.com

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

Mission Statement of Mygeorgia Credit Union

MyGeorgia Credit Union, as a credit union, is committed to providing financial services to its approximately 21,252 members. The organization's mission is multifaceted, primarily focusing on offering a range of loan, savings, and other financial services to its members. By doing so, MyGeorgia Credit Union aims to contribute positively to the financial well-being of its member base. The credit union's activities are centered around providing these essential financial services, ensuring its members have the necessary resources to manage their finances effectively.

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Impact




October, 2024

Mygeorgia Credit Union plays a significant role in the Gainesville, GA community by offering a range of financial services, including loans and savings options, to approximately 21,252 members. Its commitment to providing accessible financial resources helps empower individuals and families, fostering economic stability and growth. By delivering tailored loan services, Mygeorgia Credit Union supports members in achieving their financial goals, whether it's purchasing a home, financing education, or managing daily expenses. This focus on member-centered financial solutions not only enhances individual well-being but also contributes to the overall economic health of the community.




This information is meant to be a general summary of Mygeorgia 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
$10,094,883 (2022)
Expenses
$7,465,282 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,640,019
  • Program Service Revenue: $8,101,041
  • Gross Receipts: $10,094,883

Assets and Liabilities:

  • Total Assets: $216,783,084
  • Total Liabilities: $198,412,224
  • Net Assets: $18,370,860

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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

$5,671,576

FEE INCOME

Revenue

$2,429,465

Organization Details

Founding Year

1971

Principal Officer

Joe Foster

Main Address

2601 LIMESTONE PARKWAY, GAINESVILLE, GA, 30501

NTEE Category

Code: W60 - Public benefit

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