Peoples Credit Union

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

EIN: 726018551 ✦ Rayne, LA ✦ Designated as a 501(c)(14)

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Overview

What is Peoples Credit Union?

Peoples Credit Union is a nonprofit organization situated in Rayne, Louisiana. With a focus on promoting thrift and financial responsibility among its members, the union serves as a reliable source of credit, offering fair and reasonable interest rates, as well as providing various financial services. The organization, staffed by six dedicated individuals, operates with the primary aim of fostering savings among its members and making credit accessible at reasonable terms.


Official website here: www.peoplescu.info

Is Peoples Credit Union legitimate?

Peoples Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoples 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: $215,594

For more financial information, click here


Official website here: www.peoplescu.info

What is the mission statement of Peoples Credit Union?

Peoples Credit Union's mission is centered around encouraging savings among its members and serving as a reliable source of credit at reasonable rates. They offer a variety of financial services to their members, aiming to promote financial well-being and stability within the community. The credit union strives to provide these services in a fair and responsible manner, thereby fostering a sense of financial independence and security among its members.


Official website here: www.peoplescu.info

Who is the CEO of Peoples Credit Union?

Jeffrey Bouillion is the Chairman of Peoples Credit Union.


Official website here: www.peoplescu.info

What is the revenue of Peoples Credit Union?

Peoples Credit Union's revenue in 2022 was $717,439.


Official website here: www.peoplescu.info

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

The average compensation at Peoples Credit Union during 2022 was $35,932. There are 6 employees at Peoples Credit Union.


Here are 8 key members and their salaries:


Rhonda Broussard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Fontenot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarrod Gardiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Bouillion (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryness Leblanc (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Cahanin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Simon (Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.peoplescu.info

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

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


Official website here: www.peoplescu.info

Learn more at the official website: www.peoplescu.info

Mission Statement of Peoples Credit Union

Peoples Credit Union is committed to fostering a culture of savings among its members, serving as a reliable source of credit at reasonable and fair interest rates. The credit union's mission extends beyond lending, providing a variety of financial services to its member base. By encouraging thrift, Peoples Credit Union aims to empower its members by offering them financial security and tools to manage their finances effectively.

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Impact




October, 2024

Peoples Credit Union plays a significant role in fostering financial well-being within its community. By encouraging thrift among its members, it instills responsible savings habits and promotes financial literacy. The credit union provides access to credit at fair and reasonable rates, enabling individuals and families to make critical purchases, invest in their futures, and address short-term needs without falling into debt traps. Additionally, it offers a range of financial services tailored to member needs, ensuring that everyone has the opportunity to achieve their financial goals. Operating from Rayne, Louisiana, Peoples Credit Union is dedicated to creating a supportive financial environment that empowers its members and strengthens the local economy.




This information is meant to be a general summary of Peoples 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
$717,439 (2022)
Expenses
$714,745 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $165,371
  • Program Service Revenue: $549,449
  • Gross Receipts: $717,439

Assets and Liabilities:

  • Total Assets: $25,739,422
  • Total Liabilities: $21,216,860
  • Net Assets: $4,522,562

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Programs

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

LOAN INTEREST INCOME

Revenue

$369,084

SHARE DRAFT INCOME

Revenue

$177,296

SAFE DEPOSIT INCOME

Revenue

$2,044

SOUTWEST CORP DIST

Revenue

$1,025

Organization Details

Founding Year

1942

Principal Officer

Jeffrey Bouillion

Main Address

PO BOX 290, RAYNE, LA, 70578

NTEE Category

Code: W60 - Public benefit

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