Eco Credit Union

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

EIN: 630288906 ✦ Birmingham, AL ✦ Designated as a 501(c)(14)

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Overview

What is Eco Credit Union?

Eco Credit Union is a community-focused financial institution situated in Birmingham, Alabama, with an address at 105 Frankfurt Circle. Its mission is to provide a range of financial services, including loans, savings, and other financial products, to approximately 14,939 members. With a dedicated workforce of 53 employees, Eco Credit Union works tirelessly to meet the financial needs of its members, contributing to the economic well-being of its community.


Official website here: www.ecocu.org

Is Eco Credit Union legitimate?

Eco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eco 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: $2,018,228

For more financial information, click here


Official website here: www.ecocu.org

What is the mission statement of Eco Credit Union?

Eco Credit Union is committed to providing financial services to approximately 14,939 members. Their mission encompasses offering loans, savings, and various other financial services. The credit union's primary goal is to cater to the financial needs of its members. They offer a range of loan services to their members, serving as a crucial financial resource for them.


Official website here: www.ecocu.org

Who is the CEO of Eco Credit Union?

Joseph Hand is the Ceo of Eco Credit Union. The CEO's salary of Eco Credit Union is $276,132 and their total compensation is $320,898.


Official website here: www.ecocu.org

What is the revenue of Eco Credit Union?

Eco Credit Union's revenue in 2022 was $7,754,194.


Official website here: www.ecocu.org

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

The average compensation at Eco Credit Union during 2022 was $38,080. There are 53 employees and 10 volunteers at Eco Credit Union.


Here are 11 key members and their salaries (Eco Credit Union's CEO's salary is $276,132 and their total compensation is $320,898):


Joseph Hand (Ceo)
  • Compensation: $276,132
  • Related: $0
  • Other: $44,766
Shelia Dembowski (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Gray (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Kelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Lemsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Lindsey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Mitchell (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmie Pearson (Bod Secretar)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allyson Edwards (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Joe Hughes (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Mccarty (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ecocu.org

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

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


Official website here: www.ecocu.org

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

Mission Statement of Eco Credit Union

Eco Credit Union, as a credit union, is committed to providing services to approximately 14,939 members. This commitment encompasses offering various financial services, including loans and savings, to cater to their financial needs. The organization's primary mission is to serve its members effectively, providing them with the necessary financial tools to manage their finances efficiently. By offering a range of loan services, Eco Credit Union aims to empower its members, helping them navigate through financial challenges and achieve their financial goals.

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Impact




October, 2024

Eco Credit Union significantly impacts the community by providing essential financial services to approximately 14,939 members in Birmingham, Alabama. By offering a variety of loan services, savings options, and other financial solutions, the credit union fosters economic stability and empowerment among its members. This access to financial resources helps individuals and families achieve their financial goals, whether it be securing loans for education, purchasing a home, or managing day-to-day expenses. Through its commitment to public benefit, Eco Credit Union plays a crucial role in enhancing the financial well-being of its community.




This information is meant to be a general summary of Eco 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
$7,754,194 (2022)
Expenses
$6,649,920 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,398,898
  • Program Service Revenue: $5,193,394
  • Gross Receipts: $7,754,194

Assets and Liabilities:

  • Total Assets: $186,172,963
  • Total Liabilities: $179,254,140
  • Net Assets: $6,918,823

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Programs

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

INTEREST ON LOANS

Revenue

$4,238,337

FEE INCOME

Revenue

$955,057

Organization Details

Founding Year

1939

Principal Officer

Joseph Hand

Main Address

105 FRANKFURT CIRCLE, BIRMINGHAM, AL, 35211

NTEE Category

Code: W60 - Public benefit

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