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The Wright Credit Union

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

EIN: 586040949 ✦ Toccoa, GA ✦ Designated as a 501(c)(14)

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Overview

What is The Wright Credit Union?

The Wright Credit Union, located in Toccoa, Georgia, serves as a financial institution primarily for its approximately 1,776 members. Established with the mission to provide financial services, it offers a range of loans, savings, and other financial products to its members. With a compact workforce of nine individuals, the credit union is committed to meeting its members' financial needs effectively.


Official website here: www.thewrightcu.org

Is The Wright Credit Union legitimate?

The Wright Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Wright 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: $244,311

For more financial information, click here


Official website here: www.thewrightcu.org

What is the mission statement of The Wright Credit Union?

The Wright Credit Union is committed to serving approximately 1,776 members by providing various financial services, including loans and savings options. Its primary mission is to offer these financial services, ensuring member satisfaction and financial well-being. The credit union provides a range of loan services to cater to its members' financial needs.


Official website here: www.thewrightcu.org

Who is the CEO of The Wright Credit Union?

Alaina Lacount is the Manager/Trea of The Wright Credit Union.


Official website here: www.thewrightcu.org

What is the revenue of The Wright Credit Union?

The Wright Credit Union's revenue in 2022 was $852,328.


Official website here: www.thewrightcu.org

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

The average compensation at The Wright Credit Union during 2022 was $27,146. There are 9 employees and 7 volunteers at The Wright Credit Union.


Here are 7 key members and their salaries:


Alaina Lacount (Manager/Trea)
  • Compensation: $58,481
  • Related: $0
  • Other: $0
Josh Addison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindy Grafton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Pressley (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Richardson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Taylor (Audit Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Wiese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thewrightcu.org

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

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


Official website here: www.thewrightcu.org

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

Mission Statement of The Wright Credit Union

The Wright Credit Union, as a credit union, is dedicated to providing financial services to its approximately 1,776 members. Its mission is twofold: firstly, it aims to offer loans to its members, helping them manage their financial needs effectively. Secondly, it provides a platform for savings, allowing its members to build a financial cushion for future use. In essence, The Wright Credit Union serves as a financial partner to its members, offering a range of loan services to cater to their various financial requirements.

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Impact




October, 2024

The Wright Credit Union significantly impacts its community by providing essential financial services to approximately 1,776 members in Toccoa, GA. By offering a variety of loan services, the credit union helps individuals and families access the funding they need for personal, educational, and business-related expenses. This access to affordable financial products fosters economic stability and growth among its members, allowing them to save, invest, and make informed financial decisions.

Moreover, The Wright Credit Union promotes financial literacy and inclusion, empowering members to build a secure financial future. By focusing on the welfare of its members, the credit union not only enhances individual financial well-being but also contributes to the overall economic health of the community. Its commitment to providing accessible financial solutions makes a lasting positive impact, demonstrating a dedication to the public benefit and the financial empowerment of its members.




This information is meant to be a general summary of The Wright 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
$852,328 (2022)
Expenses
$654,841 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $63,024
  • Program Service Revenue: $706,946
  • Gross Receipts: $852,328

Assets and Liabilities:

  • Total Assets: $16,307,584
  • Total Liabilities: $13,688,661
  • Net Assets: $2,618,923

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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

$646,335

FEE INCOME

Revenue

$60,611

Organization Details

Founding Year

1963

Principal Officer

Alaina Lacount

Main Address

PO BOX 238, TOCCOA, GA, 30577

NTEE Category

Code: W61 - Public benefit

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