Overview
What is Mobile Educators Credit Union?
Mobile Educators Credit Union is a cooperative financial institution, established under the Alabama Banking Code, with a dual purpose: promoting thrift among its members and providing them with a reliable source of credit at reasonable rates. Based in Mobile, Alabama, this nonprofit organization primarily serves employees working in various schools and universities in Mobile County and Baldwin County. As of December 31, 2022, the credit union caters to approximately 8,920 members, offering a variety of financial services to meet their needs. The credit union's mission is rooted in its cooperative nature, aiming to foster financial responsibility among its members while ensuring they have access to credit when necessary.
Official website here: www.yourmecu.com
Is Mobile Educators Credit Union legitimate?
Mobile Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mobile Educators 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: $182,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $577,937
For more financial information, click here
Official website here: www.yourmecu.com
What is the mission statement of Mobile Educators Credit Union?
The Mobile Educators Credit Union operates as a financial cooperative, catering to a specific member base. Its primary objective is to encourage savings among its members and serve as a reliable source of credit, offering loans at reasonable interest rates. As per the Alabama Banking Code, Section 5-17-1, the credit union's purpose is twofold: to promote thrift among its members and create a credit source for them at fair and legitimate rates. The Mobile Educators Credit Union, being an Alabama state-chartered credit union, provides various financial services to its members, primarily employed in schools and universities in Mobile County and Baldwin County, Alabama. As of December 31, 2022, the credit union served approximately 8,920 members.
Official website here: www.yourmecu.com
Who is the CEO of Mobile Educators Credit Union?
Tina B Williams is the Board Member of Mobile Educators Credit Union. The CEO's salary of Mobile Educators Credit Union is $156,222 and their total compensation is $182,075.
Official website here: www.yourmecu.com
What is the revenue of Mobile Educators Credit Union?
Mobile Educators Credit Union's revenue in 2022 was $3,200,193.
Official website here: www.yourmecu.com
Who are the executives of Mobile Educators Credit Union and what are their salaries?
The average compensation at Mobile Educators Credit Union during 2022 was $33,044. There are 23 employees and 10 volunteers at Mobile Educators Credit Union.
Here are 11 key members and their salaries (Mobile Educators Credit Union's CEO's salary is $156,222 and their total compensation is $182,075):
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- Compensation: $156,222
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- Other: $25,853
Official website here: www.yourmecu.com
Where can I find the form 990 for Mobile Educators Credit Union?
Mobile Educators Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourmecu.com
Learn more at the official website: www.yourmecu.com
Mission Statement of Mobile Educators Credit Union
Mobile Educators Credit Union, a financial cooperative, is dedicated to its members' financial well-being. Its mission is twofold: to encourage savings among its members and to offer them affordable credit at reasonable interest rates. This cooperative society, incorporated under Alabama Banking Code, Section 5-17-1, aims to serve its members effectively. The members of Mobile Educators Credit Union primarily work in various schools and universities in Mobile County and Baldwin County, Alabama. The credit union provides a range of financial services to its members, serving approximately 8,920 individuals as of December 31, 2022.
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Impact
October, 2024
Mobile Educators Credit Union plays a vital role in enhancing the financial well-being of its members, who primarily work in schools and universities throughout Mobile and Baldwin counties in Alabama. By functioning as a financial cooperative, it offers a range of financial services designed to promote thrift and facilitate access to credit at fair interest rates. As of December 31, 2022, the credit union served approximately 8,920 members, providing them with tailored financial solutions that cater to their unique needs and circumstances.
Through its operations, Mobile Educators Credit Union fosters a sense of community and support among educators, encouraging savings and responsible borrowing. This commitment not only helps individuals achieve their financial goals but also contributes to the overall economic health of the region by empowering educators to manage their finances more effectively. By focusing on ethical lending practices and promoting financial literacy, the credit union ensures that its members are equipped with the tools necessary for long-term financial stability.
This information is meant to be a general summary of Mobile Educators 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.
- Program Service Revenue: $3,200,193
- Gross Receipts: $3,200,193
Assets and Liabilities:
- Total Assets: $110,433,262
- Total Liabilities: $100,223,991
- Net Assets: $10,209,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM INVESTMENT
Revenue
$1,536,314
FINANCIAL SERVICES FEE
Revenue
$1,180,628
INTEREST ON LOANS
Revenue
$483,251
Organization Details
Founding Year
1954
Phone
(251) 473-4712Principal Officer
Tina B Williams
Main Address
3150 AIRPORT BOULEVARD, MOBILE, AL, 366063802
Website
www.yourmecu.comNTEE Category
Code: W60 - Public benefit
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