Overview
What is Insight Credit Union?
Insight Credit Union, based in Orlando, Florida, is a not-for-profit financial institution dedicated to promoting savings and lending to its members. As a cooperative, it strives to offer favorable rates for credit and thrift services, surpassing what is generally accessible from other banking sources. With approximately 200 employees, Insight Credit Union operates as a cooperative, providing essential financial services to its member base.
Official website here: www.insightfinancialcu.com
Is Insight Credit Union legitimate?
Insight Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Insight 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: $620,364
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,194,415
For more financial information, click here
Official website here: www.insightfinancialcu.com
What is the mission statement of Insight Credit Union?
Insight Financial Credit Union operates as a cooperative, not-for-profit financial institution dedicated to encouraging savings and lending to its members. It offers competitive interest rates to its members, which are more favorable than what's typically available at other banking sources. The credit union's primary goal is to promote thrift and provide affordable credit to its members. To generate revenue, the credit union charges market interest rates to its borrowing members.
Official website here: www.insightfinancialcu.com
Who is the CEO of Insight Credit Union?
George Davis is the Ceo of Insight Credit Union. The CEO's salary of Insight Credit Union is $338,121 and their total compensation is $436,042.
Official website here: www.insightfinancialcu.com
What is the revenue of Insight Credit Union?
Insight Credit Union's revenue in 2022 was $24,146,976.
Official website here: www.insightfinancialcu.com
Who are the executives of Insight Credit Union and what are their salaries?
The average compensation at Insight Credit Union during 2022 was $39,074. There are 200 employees and 5 volunteers at Insight Credit Union.
Here are 15 key members and their salaries (Insight Credit Union's CEO's salary is $338,121 and their total compensation is $436,042):
- Compensation: $338,121
- Related: $0
- Other: $97,921
- Compensation: $159,333
- Related: $0
- Other: $24,989
- Compensation: $145,519
- Related: $0
- Other: $16,775
- Compensation: $137,770
- Related: $0
- Other: $17,503
- Compensation: $136,308
- Related: $0
- Other: $18,782
- Compensation: $129,169
- Related: $0
- Other: $16,047
- Compensation: $111,867
- Related: $0
- Other: $13,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.insightfinancialcu.com
Where can I find the form 990 for Insight Credit Union?
Insight Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insightfinancialcu.com
Learn more at the official website: www.insightfinancialcu.com
Mission Statement of Insight Credit Union
Insight Financial Credit Union, a not-for-profit financial institution, is dedicated to promoting savings and lending to its members at favorable rates, setting it apart from other banking sources. This cooperative organization operates under the mission to encourage members to save and borrow at competitive rates. The credit union generates revenue by charging market interest rates to its members, ensuring financial sustainability. Through its cooperative business model, Insight Credit Union provides affordable financial services to its members, making a positive impact on their financial lives.
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Impact
October, 2024
Insight Credit Union plays a significant role in enhancing the financial well-being of its members in Orlando, Florida. By operating as a cooperative financial institution, it focuses on promoting savings and providing credit at competitive rates that are generally more favorable than those offered by traditional banks. This approach not only helps members manage their finances more effectively but also fosters a strong sense of community and mutual support among them.
The institution's mission centers around member empowerment through accessible financial services. By charging interest at market rates, Insight Credit Union generates the necessary revenue to cover its operational costs while still prioritizing the financial health of its members. This commitment to advantageous rates means that members have greater opportunities to save and borrow, ultimately contributing to their economic stability.
Overall, Insight Credit Union's impact is seen in the enhanced financial literacy, increased savings, and improved access to credit for individuals and families in the Orlando area, allowing them to achieve their financial goals and contribute to the local economy.
This information is meant to be a general summary of Insight 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 2022.
- Investment Income: $4,788,784
- Program Service Revenue: $19,358,192
- Gross Receipts: $24,189,007
Assets and Liabilities:
- Total Assets: $687,612,427
- Total Liabilities: $661,164,086
- Net Assets: $26,448,341
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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
$11,982,824
OTHER OPERATING INCOME
Revenue
$4,293,056
FEE INCOME
Revenue
$3,046,706
NON-MEMBER ATM FEES
Revenue
$20,233
UNRELATED BUSINESS INCOME
Revenue
$15,373
Organization Details
Founding Year
1935
Phone
(407) 659-2740Principal Officer
George Davis
Main Address
P O BOX 4900, ORLANDO, FL, 32082
Website
www.insightfinancialcu.comIf you are a representative of Insight Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.