Overview
What is Alliance Credit Union?
Alliance Credit Union is a financial institution committed to serving its membership by providing essential financial services. Based on the information provided, the organization's primary mission revolves around extending financial assistance to its members. The description hints at offering various services, but specifics are limited. The given data does not indicate the size, location, or additional programs of the credit union.
What are the reviews and ratings of this charity?
Alliance Credit Union is currently not rated by Charity Navigator. The absence of a rating does not inherently indicate anything positive or negative; it simply means there has been no evaluation due to limitations in the rating criteria. Alliance Credit Union does not meet the necessary requirements for a Charity Navigator score, mainly because it is not registered as a 501(c)(3) nonprofit.
Without registration as a 501(c)(3) organization, the credit union cannot be evaluated under standard Charity Navigator methodologies like Accountability & Finance or Impact & Measurement. Historical ratings were mostly based on financial metrics, but currently, an assessment is not possible without recent Form 990 data. Thus, Charity Navigator provides no insights into their financial health or operational transparency.
There are no user reviews available from GreatNonprofits for Alliance Credit Union, meaning community feedback is not represented in this summary. The lack of reviews suggests limited visibility or engagement with the GreatNonprofits platform, but this absence does not inherently reflect the organization's impact or quality.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Credit Union legitimate?
Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alliance 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: $1,454,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,861,424
For more financial information, click here
What is the mission statement of Alliance Credit Union?
The Alliance Credit Union is committed to offering financial services to its membership. The mission of this credit union is centered around providing essential financial solutions to its members. Through various offerings, the credit union aims to cater to the financial needs of its community. By prioritizing its members, the Alliance Credit Union seeks to contribute to their financial well-being and stability. The cooperative nature of the credit union allows for a personalized approach to banking, ensuring that each member receives the attention and assistance they require. Overall, the Alliance Credit Union is dedicated to helping its members manage their money effectively and achieve their financial goals.
Who is the CEO of Alliance Credit Union?
Matthew Grannan is the Board Chairm of Alliance Credit Union. The CEO's salary of Alliance Credit Union is $296,791 and their total compensation is $296,791.
What is the revenue of Alliance Credit Union?
Alliance Credit Union's revenue in 2022 was $32,897,518.
Who are the executives of Alliance Credit Union and what are their salaries?
The average compensation at Alliance Credit Union during 2022 was $55,167. There are 187 employees and 7 volunteers at Alliance Credit Union.
Here are 14 key members and their salaries (Alliance Credit Union's CEO's salary is $296,791 and their total compensation is $296,791):
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- Compensation: $296,791
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- Compensation: $202,071
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- Compensation: $218,923
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- Compensation: $254,587
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- Compensation: $162,418
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- Compensation: $161,556
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- Other: $0
- Compensation: $158,438
- Related: $0
- Other: $0
Where can I find the form 990 for Alliance Credit Union?
Alliance Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alliance Credit Union
Alliance Credit Union, a financial institution, is dedicated to extending financial services to its membership. In simple terms, this organization aims to offer financial solutions to those who are part of its community. By doing so, it empowers individuals to manage their finances effectively and meet their financial goals. The mission of Alliance Credit Union is to provide its members with valuable financial services, enhancing their financial well-being.
Alliance Credit Union's commitment begins with understanding the unique financial needs of its members. It strives to create tailored financial solutions that cater to diverse financial backgrounds and situations. Through its range of offerings, such as savings accounts, loans, and credit cards, this institution aims to help its members build a strong financial foundation and secure their financial future. Additionally, Alliance Credit Union offers personalized services, ensuring that its members receive the guidance and support they need to make informed financial decisions.
Moreover, Alliance Credit Union's member-focused approach sets it apart. It prides itself on putting its members first, ensuring that their financial needs are met with care and attention. The organization's team of dedicated professionals is committed to understanding each member's financial situation and guiding them towards the best possible financial solutions. In essence, Alliance Credit Union serves as a trusted financial partner to its members, providing them with the resources and knowledge they need to thrive financially.
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Impact
October, 2024
Alliance Credit Union focuses on providing essential financial services to its members in Lubbock, TX. By addressing the financial needs of individuals and families, it plays a vital role in enhancing financial literacy and promoting economic well-being within the community. This commitment to serving its membership fosters a supportive financial environment, facilitating access to resources that help members achieve their financial goals.
Through its community-oriented approach, Alliance Credit Union not only improves individual financial situations but also contributes to the overall economic health of the region. By prioritizing member needs and public benefit, it creates a ripple effect that benefits the broader community, encouraging economic growth and stability.
This information is meant to be a general summary of Alliance 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: $594,311
- Program Service Revenue: $20,054,627
- Gross Receipts: $32,897,518
Assets and Liabilities:
- Total Assets: $489,907,620
- Total Liabilities: $430,532,124
- Net Assets: $59,375,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM MEMBERS
Revenue
$20,054,627
Organization Details
Founding Year
1940
Phone
(806) 798-5554Principal Officer
Matthew Grannan
Main Address
8401 QUAKER, LUBBOCK, TX, 79424
NTEE Category
Code: W60 - Public benefit
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