Overview
What is Ecco Credit Union?
Ecco Credit Union is a nonprofit cooperative institution situated in Milton, Florida, specifically at 4644 E Spencer Field Road. Its primary mission is to encourage savings among its members by providing attractive returns on savings and offering competitive loan rates. By pooling collective funds, Ecco Credit Union aims to lend money at reduced interest rates. With a modest workforce of four individuals, this nonprofit organization is dedicated to serving its members financially.
Is Ecco Credit Union legitimate?
Ecco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ecco 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: $80,280
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What is the mission statement of Ecco Credit Union?
Ecco Credit Union serves as a non-profit cooperative institution, established with the primary objective of promoting savings among its members. By offering competitive returns on savings, the credit union encourages its members to save. The collective savings are then utilized to provide loans at competitively low interest rates, thereby benefiting the members financially. Ecco Credit Union operates as a cooperative, where each member has a say in its operations and shares in its profits. The credit union's mission is to facilitate financial well-being among its members by fostering savings and offering affordable loan options.
Who is the CEO of Ecco Credit Union?
John C Walker is the Secretary of Ecco Credit Union.
What is the revenue of Ecco Credit Union?
Ecco Credit Union's revenue in 2022 was $783,000.
Who are the executives of Ecco Credit Union and what are their salaries?
The average compensation at Ecco Credit Union during 2022 was $20,070. There are 4 employees at Ecco Credit Union.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ecco Credit Union?
Ecco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ecco Credit Union
Ecco Credit Union, as a non-profit cooperative institution, was established with a primary mission to promote savings among its members. This is achieved by offering competitive returns on savings, motivating individuals to save wisely. Furthermore, the collective funds are utilized to make loans at competitively low interest rates. By doing so, Ecco Credit Union aims to benefit its members financially, encouraging savings and responsible lending practices.
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Impact
October, 2024
Ecco Credit Union significantly impacts its community by encouraging savings and providing competitive loans. By offering attractive returns on savings, Ecco Credit Union fosters a culture of saving among its members, enabling them to build financial stability. Additionally, it utilizes the collective funds to extend loans at lower interest rates compared to traditional financial institutions, making borrowing more accessible and affordable for individuals and families.
Located in Milton, FL, Ecco's mission to promote financial well-being empowers community members, allowing them to achieve their financial goals. This cooperative model not only reinforces the importance of collective financial strength but also contributes to the overall economic health of the area, making Ecco Credit Union a vital resource for its members and the local community.
This information is meant to be a general summary of Ecco 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: $92,573
- Program Service Revenue: $690,427
- Gross Receipts: $783,000
Assets and Liabilities:
- Total Assets: $23,271,046
- Total Liabilities: $18,271,350
- Net Assets: $4,999,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$690,427
Organization Details
Founding Year
1956
Phone
(850) 994-6982Principal Officer
John C Walker
Main Address
4644 E SPENCER FIELD RD, MILTON, FL, 32571
NTEE Category
Code: W60 - Public benefit
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