Amplify Credit Union

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

EIN: 741592875 ✦ Austin, TX ✦ Designated as a 501(c)(14)

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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: $2,716,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,343,330

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 President - Ceo of Amplify Credit Union. The CEO's salary of Amplify Credit Union is $1,109,498 and their total compensation is $1,132,390.


Official website here: www.goamplify.com/

What is the revenue of Amplify Credit Union?

Amplify Credit Union's revenue in 2022 was $86,404,873.


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 2022 was $74,259. There are 324 employees at Amplify Credit Union.


Here are 39 key members and their salaries (Amplify Credit Union's CEO's salary is $1,109,498 and their total compensation is $1,132,390):


Willie Everett (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Robertson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce J Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Jensen (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lemuel Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Dochen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kendel Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaku Selvakumar (Advisory Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica V Stidvent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kendall Garrison (President - Ceo)
  • Compensation: $1,109,498
  • Related: $0
  • Other: $22,892
John Orton (Svp - Cfo)
  • Compensation: $499,316
  • Related: $0
  • Other: $16,191
Stacy R Armijo (Svp - Cxo)
  • Compensation: $368,046
  • Related: $0
  • Other: $26,347
Charlotte P Morrison (Scp - Cio)
  • Compensation: $338,523
  • Related: $0
  • Other: $18,983
Alan W Hansford (Scvp - Cro)
  • Compensation: $300,776
  • Related: $0
  • Other: $15,963
Alejandro L Cardona (Mortgage Loan Originator)
  • Compensation: $244,619
  • Related: $0
  • Other: $16,513
Lisa Larson (Vp - Payments & Ops)
  • Compensation: $210,039
  • Related: $0
  • Other: $18,391
Morgan Courtney (Vp - Retail)
  • Compensation: $193,155
  • Related: $0
  • Other: $10,918
Shirley P Sheffield (Vp - Commercial Loan Offic)
  • Compensation: $188,510
  • Related: $0
  • Other: $11,634
Kristin N Keller (Vp - Re Lending)
  • Compensation: $276,732
  • Related: $0
  • Other: $18,036
Christina Ranft (Vp - Project Mangement)
  • Compensation: $195,880
  • Related: $0
  • Other: $16,419
Jose C San Pedro (Vp - Loan Administration)
  • Compensation: $221,635
  • Related: $0
  • Other: $16,455
Jennifer Sobczyk (Vp - Core Product Mgmt.)
  • Compensation: $184,322
  • Related: $0
  • Other: $13,953
Alexander B Olmos (Vp - Commercial Loan Offic)
  • Compensation: $366,845
  • Related: $0
  • Other: $19,558
Robert Almand (Avp - Third Party Lending)
  • Compensation: $490,039
  • Related: $0
  • Other: $25,291
Terry Neil Council (Avp - Retail Production Ma)
  • Compensation: $230,264
  • Related: $0
  • Other: $17,816
Alan Keith Jewells (Vp - Commercial Lending)
  • Compensation: $244,739
  • Related: $0
  • Other: $20,720
Daniel Osorio (Vp - Information Technolog)
  • Compensation: $219,533
  • Related: $0
  • Other: $16,542
Brandon Dee Rains (Mortgage Loan Originator)
  • Compensation: $157,604
  • Related: $0
  • Other: $13,941
Alma Y Palacios (Avp - Real Estate Operatio)
  • Compensation: $176,201
  • Related: $0
  • Other: $12,320
Bruce Melton Smith (Information Security Offic)
  • Compensation: $169,615
  • Related: $0
  • Other: $12,779
Jackie York (Vp Accounting & Finance)
  • Compensation: $291,125
  • Related: $0
  • Other: $10,362
Rene Flores (Vp - Commercial Loan Offic)
  • Compensation: $187,734
  • Related: $0
  • Other: $11,454
Ian Craig (Mortgage Loan Originator)
  • Compensation: $182,367
  • Related: $0
  • Other: $10,256
Kendra Eakins (Third Party Lending Account Executive)
  • Compensation: $297,766
  • Related: $0
  • Other: $17,167
Barbara Canan Santner (Underwriting Manager)
  • Compensation: $166,127
  • Related: $0
  • Other: $1,308
Amanda Beard (Avp - Account Resolution)
  • Compensation: $156,983
  • Related: $0
  • Other: $11,588
David Thibodeaux (Director - Security And Fa)
  • Compensation: $147,817
  • Related: $0
  • Other: $15,573
Sonia Altamirano Chapa (Finance Director)
  • Compensation: $153,331
  • Related: $0
  • Other: $14,965
Jazmin Otero (Avp-Retail Banking)
  • Compensation: $144,195
  • Related: $0
  • Other: $13,342


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 2022 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.

Revenue
$86,404,873 (2022)
Expenses
$62,899,208 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,036,369
  • Program Service Revenue: $81,368,504
  • Gross Receipts: $86,404,873

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

$45,760,515

MORTGAGE SERVICING RIGHTS INCOME

Revenue

$17,473,391

FEES AND CHARGES

Revenue

$9,847,322

OTHER INCOME

Revenue

$7,386,748

INTERCHANGE INCOME

Revenue

$3,055,427

Organization Details

Founding Year

2017

Principal Officer

Kendall Garrison

Main Address

3600 W PARMER LANE, AUSTIN, TX, 78727

NTEE Category

Code: W60 - Public benefit

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