Overview
What is Liberty One Credit Union?
Liberty One Credit Union is a financial institution located in Arlington, Texas, specifically at 2221 E Lamar Blvd, ZIP code 76006. Established with a mission to serve as its members' primary financial institution, Liberty One Credit Union offers competitive automobile loans to its members. By doing so, it aims to provide rates that are lower than those offered by banks and other financial institutions. As of December 31, 2017, the credit union had a membership of 8,497, with a total of 2,708 active auto loans, amounting to an outstanding balance of $46,629,528. The credit union is staffed by a team of 31 dedicated employees.
Is Liberty One Credit Union legitimate?
Liberty One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Liberty One 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: $473,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,116,329
For more financial information, click here
What is the mission statement of Liberty One Credit Union?
Liberty One Credit Union aims to establish itself as its members' primary financial institution. This credit union provides automobile loans to its members and strives to maintain lower interest rates than other banks or financial institutions. As of December 31, 2017, Liberty One Credit Union boasted a membership of 8,497 with a total of 2,708 auto loans, carrying an outstanding balance of $46,629,528. In essence, Liberty One Credit Union is dedicated to providing favorable financial services, particularly automobile loans, to its members.
Who is the CEO of Liberty One Credit Union?
Mike Funk is the Chairman of Liberty One Credit Union.
What is the revenue of Liberty One Credit Union?
Liberty One Credit Union's revenue in 2022 was $6,305,907.
Who are the executives of Liberty One Credit Union and what are their salaries?
The average compensation at Liberty One Credit Union during 2022 was $51,278. There are 31 employees and 9 volunteers at Liberty One Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $230,881
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- Compensation: $123,156
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- Compensation: $119,249
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- Other: $0
Where can I find the form 990 for Liberty One Credit Union?
Liberty One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liberty One Credit Union
Liberty One Credit Union aims to establish a strong relationship with its members, positioning itself as their primary financial institution. The credit union's mission is to offer competitive automobile loan rates to its members, ensuring that they receive better deals than what banks or other financial institutions might offer. As of December 31, 2017, Liberty One Credit Union served a membership of 8,497, with 2,708 auto loans, amounting to an outstanding balance of $46,629,528. This data suggests that the credit union is dedicated to providing its members with reliable and affordable financial services, particularly in the area of auto loans.
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Impact
October, 2024
Liberty One Credit Union has made a significant impact on its community by providing members with accessible and affordable financial services, particularly in the area of automobile loans. With a commitment to keeping rates lower than traditional banks and financial institutions, Liberty One has become a trusted provider for 8,497 members, facilitating 2,708 auto loans that total an outstanding balance of $46,629,528 as of December 31, 2017.
By striving to be the primary financial institution for its members, Liberty One not only enhances financial stability for individuals but also contributes to the overall economic well-being of the Arlington, TX community. Their focus on member-centered service fosters a sense of community and support, empowering members to achieve their financial goals while promoting responsible lending practices. This dedication helps strengthen local economic resilience and provides a valuable alternative to conventional banking options.
This information is meant to be a general summary of Liberty One 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: $503,120
- Program Service Revenue: $5,802,787
- Gross Receipts: $6,305,907
Assets and Liabilities:
- Total Assets: $165,630,553
- Total Liabilities: $150,867,307
- Net Assets: $14,763,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$4,506,294
FEES/CHARGES & MISC
Revenue
$1,296,493
Organization Details
Founding Year
1935
Phone
(214) 413-5588Principal Officer
Mike Funk
Main Address
2221 E LAMAR BLVD, ARLINGTON, TX, 76006
NTEE Category
Code: W60 - Public benefit
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