Overview
What is Loup Employees Credit Union?
Loup Employees Credit Union is a nonprofit financial cooperative, based in Gonzales, Louisiana, with a postal address. The organization, having a membership of three employees, is dedicated to serving its members by offering them affordable savings and credit options. As a mutually-owned entity, it prioritizes its members' financial well-being, providing them with crucial financial services.
Official website here: www.loupecu.com
Is Loup Employees Credit Union legitimate?
Loup Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Loup 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: $62,146
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,542
For more financial information, click here
Official website here: www.loupecu.com
What is the mission statement of Loup Employees Credit Union?
Loup Employees Credit Union serves as a mutually owned, not-for-profit financial cooperative, with a mission to offer its members affordable sources of savings and credit. The organization's primary goal is to ensure that its members have accessible and cost-effective financing options. By operating as a cooperative, Loup Employees Credit Union prioritizes the financial needs of its members, fostering a sense of community and financial stability. The credit union's activities are geared towards providing financial solutions that cater to the unique needs of its members, promoting financial well-being and financial empowerment.
Official website here: www.loupecu.com
What is the revenue of Loup Employees Credit Union?
Loup Employees Credit Union's revenue in 2020 was $352,670.
Official website here: www.loupecu.com
Who are the executives of Loup Employees Credit Union and what are their salaries?
The average compensation at Loup Employees Credit Union during 2020 was $42,896. There are 3 employees and 7 volunteers at Loup Employees Credit Union.
Here are 8 key members and their salaries:
- Compensation: $62,146
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.loupecu.com
Where can I find the form 990 for Loup Employees Credit Union?
Loup Employees Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.loupecu.com
Learn more at the official website: www.loupecu.com
Mission Statement of Loup Employees Credit Union
Loup Employees Credit Union is a mutually owned not-for-profit financial cooperative, dedicated to serving its members. Its mission, in simple terms, is to provide its members with affordable sources of savings and credit. This cooperative approach ensures that the financial institution is run by and for its members, prioritizing their financial well-being and needs above all else. By offering affordable credit options, Loup Employees Credit Union aims to make financial services accessible to its members, fostering financial stability and independence.
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Impact
October, 2024
Loup Employees Credit Union plays a significant role in the Gonzales, LA community by offering affordable savings and credit options to its members. As a mutually owned financial cooperative, it is dedicated to the financial well-being of its members, providing them with access to valuable financial resources that might otherwise be difficult to obtain.
By prioritizing the needs of its members, Loup Employees Credit Union fosters a culture of financial empowerment and stability. This focus not only helps individuals manage their personal finances better but also contributes to the overall economic health of the community. The cooperative model ensures that all profits are reinvested back into the organization, enabling lower rates on loans and higher returns on savings, thus enhancing the financial security of its members.
In essence, Loup Employees Credit Union serves as a vital support system for its members, promoting financial literacy and responsibility while helping to lay a foundation for sustained economic growth in Gonzales and the surrounding area.
This information is meant to be a general summary of Loup 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 2020.
- Investment Income: $59,389
- Program Service Revenue: $293,281
- Gross Receipts: $352,670
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$256,792
Loan related insurance sales
Revenue
$67
Fees and Charges
Revenue
$36,422
Organization Details
Founding Year
1968
Principal Officer
Sandy Savoy
Website
www.loupecu.comNTEE Category
Code: W60 - Public benefit
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