Overview
What is Amplify Credit Union?
Amplify Credit Union is a financial institution based in Austin, Texas, with a US address at 3600 W Parmer Lane, ZIP code 78727. The credit union offers various financial services to its members, such as certificates of deposit, share accounts, and checking accounts, which earn interest. Additionally, it provides loans for residential and home equity, autos, businesses, and consumers. Employing 324 individuals, Amplify Credit Union's mission is to enhance the lives of its members and bolster the health of their communities.
Official website here: www.goamplify.com
Is Amplify Credit Union legitimate?
Amplify Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Amplify 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: $7,661,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,844,479
For more financial information, click here
Official website here: www.goamplify.com
What is the mission statement of Amplify Credit Union?
Amplify Credit Union is dedicated to enhancing the lives of its members and contributing to the vitality of communities. Through its financial services, the credit union offers savings products such as certificates of deposit and share accounts, providing interest earnings to members. In addition, Amplify Credit Union offers various loan options, including residential and home equity loans, auto loans, business loans, and consumer loans. The credit union extends these financial services not only to its members but also to other financial institutions. The mission of Amplify Credit Union is to improve the lives of its members and strengthen the communities it serves.
Official website here: www.goamplify.com
Who is the CEO of Amplify Credit Union?
Kendall Garrison is the CEO of Amplify Credit Union The CEO's salary of Amplify Credit Union is $856,742 and their total compensation is $898,363.
Official website here: www.goamplify.com
What is the revenue of Amplify Credit Union?
Amplify Credit Union's revenue in 2023 was $83,598,527.
Official website here: www.goamplify.com
Who are the executives of Amplify Credit Union and what are their salaries?
The average compensation at Amplify Credit Union during 2023 was $72,902. There are 295 employees at Amplify Credit Union.
Here are 37 key members and their salaries (Amplify Credit Union's CEO's salary is $856,742 and their total compensation is $898,363):
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $856,742
- Related: $0
- Other: $41,621
- Compensation: $514,713
- Related: $0
- Other: $37,010
- Compensation: $406,292
- Related: $0
- Other: $39,564
- Compensation: $362,194
- Related: $0
- Other: $16,189
- Compensation: $314,186
- Related: $0
- Other: $29,951
- Compensation: $264,243
- Related: $0
- Other: $32,785
- Compensation: $262,639
- Related: $0
- Other: $28,790
- Compensation: $232,753
- Related: $0
- Other: $31,391
- Compensation: $223,703
- Related: $0
- Other: $23,757
- Compensation: $213,149
- Related: $0
- Other: $23,946
- Compensation: $196,449
- Related: $0
- Other: $23,094
- Compensation: $183,281
- Related: $0
- Other: $29,643
- Compensation: $181,645
- Related: $0
- Other: $29,927
- Compensation: $183,039
- Related: $0
- Other: $22,457
- Compensation: $152,800
- Related: $0
- Other: $16,335
- Compensation: $156,230
- Related: $0
- Other: $9,040
- Compensation: $149,025
- Related: $0
- Other: $6,034
- Compensation: $127,066
- Related: $0
- Other: $16,251
- Compensation: $352,177
- Related: $0
- Other: $27,951
- Compensation: $275,262
- Related: $0
- Other: $26,812
- Compensation: $171,289
- Related: $0
- Other: $22,109
- Compensation: $168,515
- Related: $0
- Other: $17,776
- Compensation: $171,641
- Related: $0
- Other: $14,365
- Compensation: $172,272
- Related: $0
- Other: $5,050
- Compensation: $140,649
- Related: $0
- Other: $27,535
- Compensation: $139,619
- Related: $0
- Other: $25,366
- Compensation: $141,172
- Related: $0
- Other: $15,046
- Compensation: $138,280
- Related: $0
- Other: $17,821
- Compensation: $133,645
- Related: $0
- Other: $19,431
Official website here: www.goamplify.com
Where can I find the form 990 for Amplify Credit Union?
Amplify Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.goamplify.com
Learn more at the official website: www.goamplify.com
Mission Statement of Amplify Credit Union
Amplify Credit Union, a financial institution dedicated to making a positive impact, seeks to enhance the lives of its members and bolster the resilience of the communities it serves. The mission of Amplify Credit Union is multifaceted; it aims to not only improve the lives of its members but also contribute to the overall strength of the communities it is a part of.
The credit union offers various financial products and services to its members, including certificates of deposit, share accounts, and checking accounts. Members can earn interest on their savings and time deposits, providing them with a valuable financial resource. In addition, Amplify Credit Union offers an array of loan options to its members, such as residential and home equity loans, auto loans, business loans, and consumer loans. The credit union extends loans to not only its members but also to other financial institutions, demonstrating its commitment to financial assistance and community support.
Amplify Credit Union's mission extends beyond its financial services. By focusing on the well-being of its members and the strength of the communities it serves, the credit union fosters an environment of growth and improvement. Through its dedication to enhancing lives and fortifying communities, Amplify Credit Union establishes itself as a trusted partner and essential resource for its members.
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Impact
October, 2024
Amplify Credit Union actively enhances the lives of its members and fortifies local communities through a range of financial services. By offering certificates of deposit, share accounts, and checking accounts, the credit union helps individuals save and grow their financial resources with competitive interest rates. Additionally, Amplify provides a variety of loan options, including residential and home equity loans, auto loans, business loans, and consumer loans, catering to the diverse needs of its membership.
In doing so, Amplify not only supports personal financial growth but also fosters economic development within the community by enabling members to make significant purchases and investments. The credit union’s commitment to its members and the broader public benefit is evident in its focus on improving financial literacy and accessibility, ultimately contributing to a stronger, more resilient community in Austin, TX.
This information is meant to be a general summary of Amplify 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 2023.
- Investment Income: $15,205,408
- Program Service Revenue: $68,393,119
- Gross Receipts: $83,598,527
Assets and Liabilities:
- Total Assets: $1,525,654,462
- Total Liabilities: $1,414,171,931
- Net Assets: $111,482,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS TO MEMBERS
Revenue
$53,582,715
OTHER INCOME
Revenue
$7,731,401
FEES AND CHARGES
Revenue
$6,201,747
GAIN ON SALE OF LOANS
Revenue
$3,450,895
INTERCHANGE INCOME
Revenue
$2,659,493
Organization Details
Founding Year
2017
Principal Officer
Kendall Garrison
Website
www.goamplify.comNTEE Category
Code: W60 - Public benefit
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