Madison Education Association Credit Union

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

EIN: 591690083 ✦ Madison, FL ✦ Designated as a 501(c)(14)

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Overview

What is Madison Education Association Credit Union?

Madison Education Association Credit Union is a nonprofit organization, specifically a credit union, situated in Madison, Florida. It specializes in providing financial services exclusively for its members. The organization's mission, through its credit union programs, offers a diverse range of personal financial services. These services include competitive loan and investment rates, along with various other products and benefits tailored to its members. With a small team of three employees, this credit union caters to the financial needs of its member base.


Official website here: www.madisoncuonline.org

Is Madison Education Association Credit Union legitimate?

Madison Education Association Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Madison Education Association 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: $42,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,324

For more financial information, click here


Official website here: www.madisoncuonline.org

What is the mission statement of Madison Education Association Credit Union?

The Madison Education Association Credit Union is dedicated to offering a range of financial services to its members. These services include competitive loan and investment rates, as well as various other products and offerings. The primary goal of the credit union is to cater exclusively to its members, ensuring they have access to financial solutions tailored to their needs.


Official website here: www.madisoncuonline.org

Who is the CEO of Madison Education Association Credit Union?

Gena Shiver is the Ceo of Madison Education Association Credit Union. The CEO's salary of Madison Education Association Credit Union is $42,184 and their total compensation is $42,184.


Official website here: www.madisoncuonline.org

What is the revenue of Madison Education Association Credit Union?

Madison Education Association Credit Union's revenue in 2022 was $195,711.


Official website here: www.madisoncuonline.org

Who are the executives of Madison Education Association Credit Union and what are their salaries?

The average compensation at Madison Education Association Credit Union during 2022 was $34,503. There are 3 employees and 10 volunteers at Madison Education Association Credit Union.


Here are 8 key members and their salaries (Madison Education Association Credit Union's CEO's salary is $42,184 and their total compensation is $42,184):


Gena Shiver (Ceo)
  • Compensation: $42,184
  • Related: $0
  • Other: $0
Sandra Kelley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Honeywell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Pridgeon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clyde Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucile Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Akerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Roland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.madisoncuonline.org

Where can I find the form 990 for Madison Education Association Credit Union?

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


Official website here: www.madisoncuonline.org

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

Mission Statement of Madison Education Association Credit Union

Madison Education Association Credit Union is a nonprofit organization dedicated to offering a comprehensive range of financial services to its members. Their mission lies in providing personal financial solutions, setting themselves apart with competitive rates on loans and investments. Beyond these essential financial products, they extend their offerings to include various other services, catering specifically to their members' needs. This credit union's primary goal is to ensure its members have access to a wide variety of financial tools, enabling them to manage their finances effectively.

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Impact




October, 2024

Madison Education Association Credit Union significantly contributes to the financial well-being of its members in Madison, FL, by offering a diverse range of financial services designed to meet their unique needs. The credit union provides competitive rates on loans and investment products, enhancing access to essential financial resources for individuals and families in the community.

Through its targeted programs, Madison Education Association Credit Union empowers its members with financial literacy and tools that promote responsible money management. This not only fosters personal economic stability but also strengthens the overall financial health of the community. By focusing exclusively on its members, the credit union cultivates a supportive environment that encourages savings and investments, thereby enhancing the public benefit while also contributing to local economic growth.




This information is meant to be a general summary of Madison Education Association 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
$195,711 (2022)
Expenses
$199,058 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $56,227
  • Program Service Revenue: $139,484
  • Gross Receipts: $195,711

Assets and Liabilities:

  • Total Assets: $6,653,026
  • Total Liabilities: $5,715,871
  • Net Assets: $937,155

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Programs

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

Loan Income

Revenue

$129,946

Fees to Members

Revenue

$4,096

Insurance Related

Revenue

$980

Organization Details

Founding Year

1963

Principal Officer

Gena Shiver

Main Address

PO BOX 449, MADISON, FL, 323410449

NTEE Category

Code: W03 - Public benefit

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