Overview
What is Germania Credit Union?
Germania Credit Union, based in Brenham, Texas, serves as a cooperative financial institution that caters to its approximately 2,400 members. As a thriving credit union, it offers share accounts with benefits that extend to individuals of all ages. Members can enjoy quarterly dividends on their savings accounts and have convenient access to their accounts through telephone and online banking services. The credit union's primary mission is to provide financial services to its members, ensuring they have access to credit and other financial resources.
Official website here: www.germaniacreditunion.com
Is Germania Credit Union legitimate?
Germania Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Germania 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: $0
For more financial information, click here
Official website here: www.germaniacreditunion.com
What is the mission statement of Germania Credit Union?
Germania Credit Union, being a cooperative thrift institution, provides financial services to its members. Its primary mission is to offer credit union financial services, which includes share accounts. These share accounts come with benefits for members of all ages, paying dividends quarterly and providing access through telephone and online banking. The credit union has approximately 2,400 of these accounts, indicating its commitment to serving its members financially.
Official website here: www.germaniacreditunion.com
What is the revenue of Germania Credit Union?
Germania Credit Union's revenue in 2023 was $998,983.
Official website here: www.germaniacreditunion.com
Who are the executives of Germania Credit Union and what are their salaries?
There 25 volunteers at Germania Credit Union.
Here are 10 key members and their salaries:
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- Related: $64,731
- Other: $3,873
- Compensation: $0
- Related: $83,649
- Other: $2,189
Official website here: www.germaniacreditunion.com
Where can I find the form 990 for Germania Credit Union?
Germania Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.germaniacreditunion.com
Learn more at the official website: www.germaniacreditunion.com
Mission Statement of Germania Credit Union
Germania Credit Union, as a cooperative thrift institution, is devoted to providing financial services to its members. Its mission is to offer credit union benefits, ensuring advantages for individuals of all ages. The credit union's share accounts are a significant aspect of its services. These accounts pay dividends to members on a quarterly basis and allow for convenient access through both telephone and online banking. The credit union manages approximately 2,400 of these member savings accounts, demonstrating its commitment to its members' financial well-being.
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Impact
October, 2024
Germania Credit Union plays a significant role in the financial landscape of Brenham, Texas, by operating as a cooperative thrift institution that prioritizes the financial well-being of its members. With approximately 2,400 share accounts, it offers a range of financial services designed to meet the needs of individuals and families in the community.
The credit union's share accounts provide numerous benefits, including quarterly dividends that help members grow their savings. Accessibility is a key feature, with members able to manage their accounts conveniently through telephone and online banking.
By focusing on cooperative principles, Germania Credit Union fosters a sense of community while delivering essential financial services. Its commitment to serving its members directly contributes to local economic growth, empowering individuals to achieve their financial goals and ensuring that the benefits of accrued savings and financial engagement circulate within the community.
This information is meant to be a general summary of Germania 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: $37,729
- Program Service Revenue: $928,966
- Gross Receipts: $998,983
Assets and Liabilities:
- Total Assets: $20,134,330
- Total Liabilities: $18,078,195
- Net Assets: $2,056,135
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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
$875,593
NSF & OTHER MEMBER FEE
Revenue
$51,021
LATE CHARGES & MEMBER
Revenue
$2,352
Organization Details
Founding Year
1986
Principal Officer
Wendy Frazier
Website
www.germaniacreditunion.comNTEE Category
Code: W60 - Public benefit
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