Overview
What is Rig Employees Credit Union?
Rig Employees Credit Union is a member-owned financial institution, regulated by the State of Georgia. With a mission to provide financial assistance, they offer deposit accounts and loans to their members. Based in Macon, Georgia, specifically at 100 Graphic Packaging Int Way, the credit union aims to offer thrift savings and borrowings to its members. As a state-regulated entity, it operates with a workforce of two dedicated individuals, providing financial aid to its community.
Is Rig Employees Credit Union legitimate?
Rig Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rig 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,969
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What is the mission statement of Rig Employees Credit Union?
Rig Employees Credit Union, being a member-owned financial institution regulated by the State of Georgia, is committed to providing financial aid to its members. This is achieved through the offering of deposit accounts and loans. The primary objective of the credit union is to facilitate thrift savings and borrowing services for its cooperative members.
What is the revenue of Rig Employees Credit Union?
Rig Employees Credit Union's revenue in 2023 was $214,701.
Who are the executives of Rig Employees Credit Union and what are their salaries?
The average compensation at Rig Employees Credit Union during 2023 was $40,984. There are 2 employees and 10 volunteers at Rig Employees Credit Union.
Here are 10 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $55,000
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rig Employees Credit Union?
Rig Employees Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rig Employees Credit Union
Rig Employees Credit Union, as a state-regulated entity, is committed to serving its members by offering financial assistance through deposit accounts and loans. This member-owned financial institution operates with a mission to provide both thrift savings and borrowing opportunities to its members. By doing so, Rig Employees Credit Union aims to contribute to the financial well-being of its members, offering them a means to manage their finances effectively. The credit union's mission is centered around the idea of mutual cooperation, where the financial needs of its members are at the heart of its operations.
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Impact
October, 2024
Rig Employees Credit Union significantly impacts the local community by functioning as a member-owned financial institution in Macon, Georgia. It provides critical financial services, including deposit accounts and loans, tailored specifically to meet the needs of its members. By offering a range of thrift savings and borrowing options, the credit union helps foster financial stability and growth among its members, contributing to the overall economic health of the community.
Not only does Rig Employees Credit Union facilitate access to essential financial resources, but it also promotes a culture of savings and responsible borrowing. By prioritizing the interests of its members, the credit union cultivates a supportive financial environment that empowers individuals and families to achieve their financial goals. This commitment to member welfare reinforces the importance of cooperative financial institutions in enhancing public benefit and economic resilience.
This information is meant to be a general summary of Rig 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $54,150
- Program Service Revenue: $145,534
- Gross Receipts: $214,701
Assets and Liabilities:
- Total Assets: $7,710,751
- Total Liabilities: $5,402,648
- Net Assets: $2,308,103
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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
$145,534
Organization Details
Founding Year
1949
Principal Officer
Melinda Spencer
NTEE Category
Code: W61 - Public benefit
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