Louisville Gas & Electric Co Credit Union

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

EIN: 610264130 ✦ Louisville, KY ✦ Designated as a 501(c)(14)

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Overview

What is Louisville Gas & Electric Co Credit Union?

Louisville Gas & Electric Co Credit Union is a nonprofit organization, located in Louisville, Kentucky, with a focus on offering cooperative financial services to its membership. With a modest workforce of 13 employees, the credit union aims to provide financial assistance and support to its members. The exact nature of these financial services is not specified in the information provided, but it can be inferred that they offer a range of services such as savings, loans, and other financial products to their members. The credit union's mission is to serve its members effectively, promoting financial well-being and stability within the community.


Official website here: www.lgecu.org

Is Louisville Gas & Electric Co Credit Union legitimate?

Louisville Gas & Electric Co Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Louisville Gas & Electric Co 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: $84,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lgecu.org

What is the mission statement of Louisville Gas & Electric Co Credit Union?

Louisville Gas & Electric Co Credit Union's mission is centered around providing cooperative financial services to its members. This mission is carried out through various activities, all aimed at serving the financial needs of its member base. The credit union is committed to offering a range of financial services in a cooperative manner, ensuring that its members have access to the financial resources they require. The credit union's activities are guided by its dedication to providing cooperative financial services, thereby enhancing the financial well-being of its members.


Official website here: www.lgecu.org

Who is the CEO of Louisville Gas & Electric Co Credit Union?

Sharon Beaven is the Director of Louisville Gas & Electric Co Credit Union.


Official website here: www.lgecu.org

What is the revenue of Louisville Gas & Electric Co Credit Union?

Louisville Gas & Electric Co Credit Union's revenue in 2022 was $1,547,927.


Official website here: www.lgecu.org

Who are the executives of Louisville Gas & Electric Co Credit Union and what are their salaries?

The average compensation at Louisville Gas & Electric Co Credit Union during 2022 was $6,530. There are 13 employees and 14 volunteers at Louisville Gas & Electric Co Credit Union.


Here are 9 key members and their salaries:


Richard Dowdell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Steed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Yocum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Stickler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Mauzey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Welsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Jim Lepianka (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Lindop (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Beaven (President)
  • Compensation: $84,889
  • Related: $0
  • Other: $5,942


Official website here: www.lgecu.org

Where can I find the form 990 for Louisville Gas & Electric Co Credit Union?

Louisville Gas & Electric Co Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lgecu.org

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

Mission Statement of Louisville Gas & Electric Co Credit Union

Louisville Gas & Electric Co Credit Union is committed to providing cooperative financial services for its membership. This mission statement implies that the credit union aims to offer financial assistance and resources to its members in a cooperative manner, fostering a sense of community and mutual support. By providing these services, the credit union aims to contribute positively to the financial well-being of its members. The specifics of the services offered are not detailed in the provided information, but it can be inferred that they may include savings and loan options, financial advice, and other financial services tailored to the needs of its members.

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Impact




October, 2024

Louisville Gas & Electric Co Credit Union plays a crucial role in fostering financial wellbeing for its members by offering cooperative financial services tailored to their needs. Located in Louisville, Kentucky, the credit union is dedicated to creating a supportive financial environment that empowers its members to achieve their financial goals.

By providing access to a range of financial products and services, such as loans, savings accounts, and financial education, the credit union enhances the economic stability of its members. This focus on cooperative financial solutions encourages responsible money management, ultimately benefiting not just individual members but the broader community as well.

Moreover, the credit union's commitment to public benefit signifies its role in contributing to a healthier financial ecosystem. By prioritizing member services and community involvement, Louisville Gas & Electric Co Credit Union creates positive impacts that extend beyond traditional banking, helping to foster a sense of community and cooperation among its members.




This information is meant to be a general summary of Louisville Gas & Electric Co 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
$1,547,927 (2022)
Expenses
$1,306,837 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $233,670
  • Program Service Revenue: $1,025,883
  • Gross Receipts: $1,547,927

Assets and Liabilities:

  • Total Assets: $44,453,397
  • Total Liabilities: $37,838,997
  • Net Assets: $6,614,400

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Programs

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

LOANS

Revenue

$898,542

VISA

Revenue

$127,341

Organization Details

Founding Year

1934

Principal Officer

Sharon Beaven

Main Address

PO BOX 32040, LOUISVILLE, KY, 40232

NTEE Category

Code: W60 - Public benefit

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