Beacon Community Credit Union

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

EIN: 610606766 ✦ Louisville, KY ✦ Designated as a 501(c)(14)

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Overview

What is Beacon Community Credit Union?

Beacon Community Credit Union is a member-owned cooperative credit union, headquartered in Louisville, Kentucky. Established with a state charter, its primary purpose is to offer a variety of financial services and products to its member-owners. This nonprofit organization is dedicated to providing affordable financial solutions with a focus on excellence. Operating out of 7910 National Turnpike, Beacon Community Credit Union employs a team of 48 individuals to ensure the smooth delivery of these financial services.


Official website here: www.beaconccu.org

Is Beacon Community Credit Union legitimate?

Beacon Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Beacon Community 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: $316,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $911,812

For more financial information, click here


Official website here: www.beaconccu.org

What is the mission statement of Beacon Community Credit Union?

Beacon Community Credit Union, as a member-owned cooperative, is dedicated to providing its members with affordable financial services. The organization's mission is centered around delivering these services with a strong commitment to excellence. By prioritizing affordability and quality, Beacon Community Credit Union seeks to meet the financial needs of its member-owners effectively. The credit union offers a variety of loan and deposit products and services, further emphasizing its dedication to serving its members.


Official website here: www.beaconccu.org

Who is the CEO of Beacon Community Credit Union?

Penny Haseker is the Chief Financial Officer of Beacon Community Credit Union. The CEO's salary of Beacon Community Credit Union is $143,101 and their total compensation is $181,501.


Official website here: www.beaconccu.org

What is the revenue of Beacon Community Credit Union?

Beacon Community Credit Union's revenue in 2022 was $3,993,134.


Official website here: www.beaconccu.org

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

The average compensation at Beacon Community Credit Union during 2022 was $25,580. There are 48 employees and 12 volunteers at Beacon Community Credit Union.


Here are 11 key members and their salaries (Beacon Community Credit Union's CEO's salary is $143,101 and their total compensation is $181,501):


Marina Allgeier (Chief Financial Officer)
  • Compensation: $172,918
  • Related: $0
  • Other: $25,200
Penny Haseker (Chief Executive Officer)
  • Compensation: $143,101
  • Related: $0
  • Other: $38,400
Raymond Jacobi (Chairman Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Jinks (Vice Chairman Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Weiter (Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Braun (Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Cissell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Feger-Garr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Shuff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lally (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Wacker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.beaconccu.org

Where can I find the form 990 for Beacon Community Credit Union?

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


Official website here: www.beaconccu.org

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

Mission Statement of Beacon Community Credit Union

Beacon Community Credit Union, as a financial institution cooperative, is dedicated to providing its member-owners with affordable financial services. With a strong commitment to excellence, the credit union aims to offer loan and deposit products and services that cater to the needs of its members. The mission of Beacon Community Credit Union is not just about offering financial services, but ensuring they are accessible and affordable for its member-owners. This mission reflects the cooperative spirit of the organization, where members are not just customers, but active participants in shaping the financial institution's direction and benefits.

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Impact




October, 2024

Beacon Community Credit Union has a significant impact on its members and the local community by providing accessible financial services designed to empower individuals and families. As a member-owned cooperative based in Louisville, KY, it focuses on offering affordable loans and deposit products, ensuring that financial resources are within reach for its member owners.

By prioritizing affordable financial solutions, Beacon Community Credit Union helps to promote financial stability and growth among its members. The institution is committed to excellence in service, fostering a supportive environment where members can thrive economically. This commitment not only enhances individual financial health but also contributes to the broader economic well-being of the community. Through its focus on public benefit, Beacon Community Credit Union plays a vital role in improving access to financial services and promoting responsible financial practices.




This information is meant to be a general summary of Beacon Community 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
$3,993,134 (2022)
Expenses
$3,764,453 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $498,083
  • Program Service Revenue: $3,495,051
  • Gross Receipts: $3,993,134

Assets and Liabilities:

  • Total Assets: $77,029,412
  • Total Liabilities: $69,658,927
  • Net Assets: $7,370,485

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Programs

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

Interest on loans to members

Revenue

$1,479,189

Fees to members

Revenue

$1,999,900

ATM surcharges to nonmembers

Revenue

$15,962

Organization Details

Founding Year

1947

Principal Officer

Penny Haseker

Main Address

7910 National Turnpike, Louisville, KY, 40214

NTEE Category

Code: W60 - Public benefit

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