Overview
What is First Priority Credit Union?
First Priority Credit Union is a cooperative financial institution based in Abilene, Texas, specifically at 3165 S 27TH STREET. With a team of three dedicated individuals, they provide essential credit union services, primarily focusing on savings accounts and consumer loans. Their main activity involves offering share accounts, which pay dividends on a quarterly basis. While not explicitly classified as a nonprofit organization in the provided information, credit unions are typically not-for-profit entities that serve their members' financial needs.
Is First Priority Credit Union legitimate?
First Priority Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Priority 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: $168,396
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What is the mission statement of First Priority Credit Union?
First Priority Credit Union serves as a cooperative provider of credit union services, primarily focusing on savings accounts and consumer loans. Its mission is centered around offering these financial services to its members. The credit union pays dividends on member share accounts quarterly, which is a testament to its commitment to its members' financial well-being. By providing these services, First Priority Credit Union aims to contribute positively to its members' financial lives. The credit union's activities are geared towards promoting financial stability and growth among its members.
Who is the CEO of First Priority Credit Union?
Tony Leet is the Secretary of First Priority Credit Union.
What is the revenue of First Priority Credit Union?
First Priority Credit Union's revenue in 2022 was $640,069.
Who are the executives of First Priority Credit Union and what are their salaries?
The average compensation at First Priority Credit Union during 2022 was $56,132. There are 3 employees and 9 volunteers at First Priority Credit Union.
Here are 9 key members and their salaries:
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Where can I find the form 990 for First Priority Credit Union?
First Priority Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Priority Credit Union
First Priority Credit Union, as a cooperative entity, is dedicated to providing various credit union services. Its primary focus lies in offering savings accounts and consumer loans to its members. This mission is carried out through the provision of share accounts, which generate dividends for the account holders on a quarterly basis. In essence, First Priority Credit Union serves as a reliable and member-centric financial institution, offering opportunities for savings and access to credit loans.
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Impact
October, 2024
First Priority Credit Union plays a vital role in the financial landscape of Abilene, TX, by offering essential credit union services like savings accounts and consumer loans. Through member share accounts that provide quarterly dividends, it fosters a culture of savings and financial stability among its members. This cooperative approach not only empowers individuals to manage their finances better but also contributes to the overall economic well-being of the community. By prioritizing member needs and ensuring accessible financial solutions, First Priority Credit Union enhances public benefit and supports the financial health of its members and the broader community.
This information is meant to be a general summary of First Priority 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: $124,850
- Program Service Revenue: $515,219
- Gross Receipts: $640,069
Assets and Liabilities:
- Total Assets: $20,660,144
- Total Liabilities: $18,921,379
- Net Assets: $1,738,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CHARGES
Revenue
$51,707
INTEREST ON LOANS
Revenue
$329,714
MISCELLANEOUS INCOME
Revenue
$133,798
Organization Details
Founding Year
1930
Phone
(325) 692-4089Principal Officer
Tony Leet
Main Address
3165 S 27TH STREET, ABILENE, TX, 79605
NTEE Category
Code: W60 - Public benefit
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