Priority Credit Union

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

EIN: 590385610 ✦ Orlando, FL ✦ Designated as a 501(c)(14)

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Overview

What is Priority Credit Union?

Priority Credit Union is a compassionate and member-centric financial institution situated in Orlando, Florida. Established as a cooperative by its members, this non-profit organization operates with a focus on fostering thrift and providing credit at competitive rates. Its primary mission is dedicated to enhancing its members' financial well-being, connecting them with their aspirations, and making a tangible impact in their lives. With a dedicated team of 18 employees, Priority Credit Union leverages its members' contributions and investments to provide essential services, functioning as a reliable financial partner for its restricted membership.


Official website here: www.prioritycu.org

What do the Facebook reviews say about Priority Credit Union?

100% of 34 reviewers on Facebook recommend Priority Credit Union. Here is a summary of their reviews:

The overwhelming sentiment among patrons highlights an exceptional level of service, with many users expressing deep appreciation for the staff's friendly and supportive approach. Customers often mention feeling treated like family, which enhances their overall experience. A notable mention is Keanlyn Figueroa, who is praised for her extensive knowledge and caring attitude, making her a valued asset to the organization.

Overall, it is evident that Priority Credit Union excels in providing a welcoming environment and attentive service, reinforcing a strong sense of community and commitment among its staff members.


This AI summary has been generated from reviews found on Facebook.

Is Priority Credit Union legitimate?

Priority Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Priority 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: $199,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $747,086

For more financial information, click here


Official website here: www.prioritycu.org

What is the mission statement of Priority Credit Union?

Priority Credit Union's mission is centered around caring for its members and helping them achieve their financial goals. As a cooperative financial institution, it is dedicated to providing credit and financial services at lower rates than other sources. The organization is confident in its ability to make a positive impact in the lives of its members, acting as a connector between them and their financial aspirations. The foundation of its operations is derived from the income generated from membership and the investment of members' funds.


Official website here: www.prioritycu.org

Who is the CEO of Priority Credit Union?

Alan Rowe is the Cso of Priority Credit Union.


Official website here: www.prioritycu.org

What is the revenue of Priority Credit Union?

Priority Credit Union's revenue in 2022 was $3,797,705.


Official website here: www.prioritycu.org

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

The average compensation at Priority Credit Union during 2022 was $52,590. There are 18 employees and 6 volunteers at Priority Credit Union.


Here are 8 key members and their salaries:


Alan Rowe (Cso)
  • Compensation: $116,134
  • Related: $0
  • Other: $116,134
Maria Oshea (Coo)
  • Compensation: $83,399
  • Related: $0
  • Other: $83,399
Steve Hooks (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Muse (Board Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherrie Tomlinson (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Morey (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Munguia (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Clark (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prioritycu.org

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

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


Official website here: www.prioritycu.org

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

Mission Statement of Priority Credit Union

Priority Credit Union, as a member-owned cooperative financial institution, is deeply committed to caring for its members and helping them achieve their financial aspirations. With confidence in its ability to make a positive impact in people's lives, the credit union serves as a connection point between its members and their financial dreams. The mission of Priority Credit Union is centered around utilizing the income generated from membership and the investment of members' funds to offer competitive financial services at more favorable rates than those typically available from other sources. This approach allows the credit union to fulfill its purpose of serving its restricted membership and contributing to the financial well-being of its members.

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Impact




October, 2024

Priority Credit Union significantly impacts the lives of its members by fostering financial wellness and providing access to affordable financial services. By prioritizing the needs of its members, the credit union empowers individuals to achieve their financial dreams through tailored products and services that suit their unique circumstances.

Located in Orlando, FL, Priority Credit Union promotes financial literacy and responsible budgeting, helping members build a foundation for long-term financial stability. With a commitment to lower interest rates and better terms compared to traditional financial institutions, it enables members to manage their money more effectively, save for the future, and invest in their dreams.

Furthermore, as a cooperative owned by its members, Priority Credit Union strengthens community ties by ensuring that profits are reinvested back into the organization, enhancing the services offered and addressing the specific needs of its members. This dedication to community-centered banking creates a supportive environment where individuals can thrive, making a meaningful difference in the lives of those they serve.




This information is meant to be a general summary of Priority 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
$3,797,705 (2022)
Expenses
$3,619,968 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $167,108
  • Program Service Revenue: $3,422,266
  • Gross Receipts: $3,797,705

Assets and Liabilities:

  • Total Assets: $64,902,303
  • Total Liabilities: $59,994,913
  • Net Assets: $4,907,390

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Programs

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

Loan Interest

Revenue

$2,109,857

Fees and Charges

Revenue

$1,046,807

Plastic Card Income

Revenue

$265,602

Organization Details

Founding Year

1930

Principal Officer

Alan Rowe

Main Address

301 E Michigan St, Orlando, FL, 32806

NTEE Category

Code: W60 - Public benefit

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