Overview
What is 1st University Credit Union?
1st University Credit Union functions as a cooperative thrift institution, offering financial services to its members. This credit union is affiliated with the National Credit Union Administration, ensuring a level of security and oversight for its customers. The primary mission of 1st University Credit Union is to provide credit union financial services in a cooperative manner, aiming to meet the financial needs of its members. Under the leadership of Gary Parker, the institution continues to serve its community.
Official website here: www.culink.net
Is 1st University Credit Union legitimate?
1st University Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st University 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: $112,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $413,990
For more financial information, click here
Official website here: www.culink.net
What is the mission statement of 1st University Credit Union?
1st University Credit Union, as a Cooperative Thrift institution, serves as a provider of Credit Union financial services. Its mission, in essence, is to operate as a cooperative, offering financial services to its members. This credit union is affiliated with the National Credit Union Administration, further demonstrating its commitment to adhering to industry standards and regulations. The primary goal of 1st University Credit Union is to provide its members with reliable and accessible financial services.
Official website here: www.culink.net
Who is the CEO of 1st University Credit Union?
Gary Parker is the President of 1st University Credit Union.
Official website here: www.culink.net
What is the revenue of 1st University Credit Union?
1st University Credit Union's revenue in 2022 was $1,282,500.
Official website here: www.culink.net
Who are the executives of 1st University Credit Union and what are their salaries?
The average compensation at 1st University Credit Union during 2022 was $58,512. There are 9 employees and 7 volunteers at 1st University Credit Union.
Here are 8 key members and their salaries:
- Compensation: $112,615
- 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.culink.net
Where can I find the form 990 for 1st University Credit Union?
1st University Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.culink.net
Learn more at the official website: www.culink.net
Mission Statement of 1st University Credit Union
1st University Credit Union, as a cooperative thrift institution, serves as a provider of financial services to its members. Its mission is centered around this cooperative approach, aiming to offer credit union financial solutions to its members. As a part of the National Credit Union Administration, this credit union operates with a commitment to its members, ensuring they have access to reliable and beneficial financial services. The leadership of the institution is under the guidance of Gary Parker.
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Impact
October, 2024
1st University Credit Union significantly impacts the Waco, TX community by providing essential financial services in a cooperative environment. As a member of the National Credit Union Administration, it operates with a focus on the financial well-being of its members. By offering a range of credit union services, it enhances access to responsible banking options, enabling members to save, borrow, and manage their finances effectively.
The institution's commitment to cooperative principles fosters a sense of community and inclusivity, allowing individuals and families to achieve financial stability and independence. This peer-driven model not only benefits its members but also contributes to the economic development of the local area by promoting responsible financial practices and supporting community initiatives. Through its focus on public benefit, 1st University Credit Union plays a vital role in improving the overall quality of life for its members and the broader Waco community.
This information is meant to be a general summary of 1st University 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: $13,635
- Program Service Revenue: $1,268,865
- Gross Receipts: $1,282,500
Assets and Liabilities:
- Total Assets: $17,195,786
- Total Liabilities: $16,061,249
- Net Assets: $1,134,537
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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
$488,787
Income from Loan Fees
Revenue
$583,708
Member Fees and Charges
Revenue
$193,909
Organization Details
Founding Year
1956
Phone
(254) 752-2797Principal Officer
Gary Parker
Main Address
24 LaSalle Ave Unit C, Waco, TX, 76706
Website
www.culink.netNTEE Category
Code: W60 - Public benefit
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