Ashland Credit Union

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

EIN: 616024972 ✦ Ashland, KY ✦ Designated as a 501(c)(14)

Overview

What is Ashland Credit Union?

Ashland Credit Union is a financial cooperative based at 1300 Central Avenue in Ashland, Kentucky (41101). Its primary mission is to offer loans and various financial services to its members, aiming to promote savings and operate within the best interests of the credit union and its members. The credit union's operations focus on providing essential loans to its membership base.


Official website here: www.ashlandcu.org

Is Ashland Credit Union legitimate?

Ashland Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ashland 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,194,628

For more financial information, click here


Official website here: www.ashlandcu.org

What is the mission statement of Ashland Credit Union?

Ashland Credit Union is dedicated to serving its members by offering them loans as a primary function. This financial institution exists to encourage savings and, in turn, extends interest-bearing loans to its members. Beyond loans, Ashland Credit Union provides various financial services, always acting in the best interests of the organization and its members. The mission of Ashland Credit Union is to promote thrift and offer loans, with a focus on benefiting its members.


Official website here: www.ashlandcu.org

Who is the CEO of Ashland Credit Union?

Larry J Lucas is the President of Ashland Credit Union.


Official website here: www.ashlandcu.org

What is the revenue of Ashland Credit Union?

Ashland Credit Union's revenue in 2022 was $16,845,160.


Official website here: www.ashlandcu.org

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

Here are 12 key members and their salaries:

    Larry J Lucas (President)
  • Compensation: $295,608
  • Related: $0
  • Other: $0

    • Kelly Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael E Curry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Dearing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael A Garlinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph F Hsu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leslie A Noel (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Andrew Ray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael G Schifsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew K Spence (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Walters (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marita H Werner (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ashlandcu.org

    Where can I find the form 990 for Ashland Credit Union?

    The Ashland Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ashlandcu.org

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

    Mission Statement of Ashland Credit Union

    Ashland Credit Union, a financial institution dedicated to its members, is committed to promoting thrift and providing loans to its customer base. This mission is twofold: first, encouraging savings, and second, extending loans that cater to the financial needs of its members. Operating in the best interests of both the credit union and its members, Ashland Credit Union offers a range of financial services.

    The primary objective of Ashland Credit Union lies in its ability to offer loan opportunities to its members. By doing so, it empowers individuals to meet their financial goals and overcome financial challenges. The credit union's membership-driven approach fosters a strong sense of community and mutual support, as members rely on one another for financial guidance and assistance.

    Ashland Credit Union's mission extends beyond lending, as it also aims to serve its members' financial needs in the most comprehensive way possible. The credit union's purpose is to not only make interest-bearing loans but also to offer additional financial services. These services are designed to benefit its members, ensuring they have access to the resources they need to manage their finances effectively and build a solid financial foundation.

    Impact

    This information is meant to be a general summary of Ashland Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ashland Credit Union's impact lies in providing crucial financial services to its members in the city of Ashland, Kentucky. By offering loans and promoting thrift, the credit union supports individuals and families in managing their finances and achieving their goals. This impact can be seen in the improved financial well-being of its members, the support for local economic growth through responsible lending, and the overall stability and resilience it brings to the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $1,112,784
  • Program Service Revenue: $12,858,661
  • Gross Receipts: $16,845,160

    • Assets and Liabilities:
  • Total Assets: $351,968,150
  • Total Liabilities: $312,656,091
  • Net Assets: $39,312,059
  • Programs

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

    INTEREST INCOME

    Revenue

    $12,835,946

    RENTAL INCOME

    Revenue

    $19,505

    ATM SURCHARGES

    Revenue

    $3,210

    Organization Details

    Principal Officer

    Larry J Lucas

    Main Address

    1300 CENTRAL AVENUE, ASHLAND, KY, 411017550

    NTEE Category

    Code: W60 - Public benefit

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