Overview
What is Federal Employees Credit Union?
The Federal Employees Credit Union is a state-chartered financial institution, specifically catering to individuals residing in the 712 zip code area. Acting as a nonprofit entity, its primary function is to serve and support its members financially. This credit union operates under a state charter, ensuring its commitment to the local community it serves.
Is Federal Employees Credit Union legitimate?
Federal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Federal Employees 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: $114,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,542
For more financial information, click here
What is the mission statement of Federal Employees Credit Union?
The Federal Employees Credit Union operates with a mission to serve its members, specifically those residing in the 712 zip code area. This mission is carried out as a state-chartered credit union, implying a commitment to financial services and support for its members. The focus of the credit union is to provide its services to its membership base effectively and efficiently. While the information provided is limited, it suggests that the Federal Employees Credit Union prioritizes its membership and aims to deliver financial solutions tailored to their needs.
Who is the CEO of Federal Employees Credit Union?
Unavailable
What is the revenue of Federal Employees Credit Union?
Federal Employees Credit Union's revenue in 2022 was $852,923.
Who are the executives of Federal Employees Credit Union and what are their salaries?
The average compensation at Federal Employees Credit Union during 2022 was $74,628. There are 4 employees and 10 volunteers at Federal Employees Credit Union.
There is 1 key member and their salary:
- Compensation: $114,968
- Related: $0
- Other: $0
Where can I find the form 990 for Federal Employees Credit Union?
Federal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federal Employees Credit Union
Federal Employees Credit Union, as a state-chartered credit union, is dedicated to serving its members residing in the 712 zip code area. The organization's mission is centered around providing financial services and support to its members, ensuring they have access to necessary credit facilities. While the information provided does not detail the specific goals or objectives of the credit union beyond its geographical scope and charter status, it can be inferred that the Federal Employees Credit Union exists to promote financial wellbeing and stability among its member base within the designated zip code area.
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Impact
October, 2024
Federal Employees Credit Union significantly impacts the Monroe, LA community by providing essential financial services to its members within the 712 ZIP code area. As a state-chartered credit union, it plays a vital role in promoting financial inclusion, offering accessible banking services tailored to the needs of its members.
Through products like savings accounts, loans, and financial education, the credit union fosters economic stability and growth among its members. Its mission focuses on serving the local community, ensuring that residents have access to responsible financial tools and resources. This commitment enhances the overall well-being of the community, promoting public benefit and empowering individuals to achieve their financial goals.
This information is meant to be a general summary of Federal Employees 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.
- Investment Income: $71,656
- Gross Receipts: $852,923
Assets and Liabilities:
- Total Assets: $23,466,777
- Total Liabilities: $78,494
- Net Assets: $23,388,283
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Organization Details
Founding Year
1942
Phone
(318) 387-3215Main Address
P O BOX 5006, Monroe, LA, 71211
NTEE Category
Code: W60 - Public benefit
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