First Class American Credit Union

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

EIN: 750275690 ✦ Fort worth, TX ✦ Designated as a 501(c)(14)

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Overview

What is First Class American Credit Union?

First Class American Credit Union is a nonprofit organization, known for offering high-quality financial services to its members. Although the information provided states that this credit union is no longer active or terminated, we can focus on its mission and activities. The primary mission of First Class American Credit Union was to provide its members with various financial services, ensuring they had access to reliable and beneficial financial resources.

Is First Class American Credit Union legitimate?

First Class American Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Class American 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: $86,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $313,544

For more financial information, click here

What is the mission statement of First Class American Credit Union?

First Class American Credit Union, in its mission, aimed to offer high-quality financial services to its members. Regrettably, this nonprofit organization is no longer active or in operation. Despite its termination, its previous goal was to provide its members with reliable and satisfactory financial services.

Who is the CEO of First Class American Credit Union?

Nancy Croix-Stroud is the President/Ce of First Class American Credit Union.

What is the revenue of First Class American Credit Union?

First Class American Credit Union's revenue in 2021 was $947,349.

Who are the executives of First Class American Credit Union and what are their salaries?

The average compensation at First Class American Credit Union during 2021 was $24,974. There are 16 employees at First Class American Credit Union.


Here are 6 key members and their salaries:


Nancy Croix-Stroud (President/Ce)
  • Compensation: $81,257
  • Related: $0
  • Other: $4,787
Ed Duris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christie Fite (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Ingersol (Chairperson/)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Sanchez (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodie Sanders (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for First Class American Credit Union?

First Class American Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of First Class American Credit Union

First Class American Credit Union, as per the available information, was established with the mission to offer high-quality financial services to its members. Despite the information indicating that this nonprofit is no longer active or terminated, its mission to serve its members with financial services remains noteworthy. The organization aimed to provide a range of financial services that catered to the needs of its members, ensuring they had access to quality financial solutions. This mission reflected the nonprofit's commitment to its members and its role in the financial sector.

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Impact




October, 2024

First Class American Credit Union, based in Fort Worth, Texas, aimed to provide individuals with quality financial services. Though it is no longer active, its impact during its operation would have centered on enhancing the financial wellbeing of its members by offering accessible banking services, loans, and savings opportunities. Through these services, it would have contributed to the economic stability of its community, promoting financial literacy and responsible money management. While the organization has since been terminated, its mission to support public benefit remains a noteworthy aspect of its legacy.




This information is meant to be a general summary of First Class American 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
$947,349 (2021)
Expenses
$1,371,171 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $5,807
  • Program Service Revenue: $934,058
  • Gross Receipts: $947,349

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

LOAN INTEREST

Revenue

$600,558

MEMBER FEES

Revenue

$205,052

OTHER INCOME

Revenue

$111,629

LOAN FEES

Revenue

$15,419

NON MEMBER FEES

Revenue

$1,400

Organization Details

Founding Year

1929

Principal Officer

Nancy Croix-Stroud

Main Address

2595 POLARIS DRIVE, FORT WORTH, TX, 761374208

NTEE Category

Code: W60 - Public benefit

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