Overview
What is Grand Prairie Credit Union?
Grand Prairie Credit Union is a cooperative, non-profit savings institution, established under the Texas Credit Union Act. Its primary objective is to foster thrift among its members and offer credit at reasonable rates. The credit union operates various programs, such as managing office expenses, securing premises, and providing competitive salaries and service charges. Additionally, Grand Prairie Credit Union offers opportunities for members to enhance their financial well-being through depreciation benefits.
Official website here: www.gpcreditunion.org
Is Grand Prairie Credit Union legitimate?
Grand Prairie Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Grand Prairie 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: $225,665
For more financial information, click here
Official website here: www.gpcreditunion.org
What is the mission statement of Grand Prairie Credit Union?
The Grand Prairie Credit Union functions as a voluntary cooperative, operating under the Texas Credit Union Act. Its primary mission is to foster savings among its members and offer credit at reasonable interest rates. As a not-for-profit institution, it aims to provide members with opportunities to enhance their economic condition. The credit union's activities include managing general office operations, occupancy costs, salaries, and service charges, among others. Additionally, it facilitates depreciation, thereby offering members the chance to improve their financial situation.
Official website here: www.gpcreditunion.org
Who is the CEO of Grand Prairie Credit Union?
Ronald Mcculler is the Treasurer of Grand Prairie Credit Union.
Official website here: www.gpcreditunion.org
What is the revenue of Grand Prairie Credit Union?
Grand Prairie Credit Union's revenue in 2022 was $680,722.
Official website here: www.gpcreditunion.org
Who are the executives of Grand Prairie Credit Union and what are their salaries?
The average compensation at Grand Prairie Credit Union during 2022 was $37,611. There are 6 employees at Grand Prairie Credit Union.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gpcreditunion.org
Where can I find the form 990 for Grand Prairie Credit Union?
Grand Prairie Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gpcreditunion.org
Learn more at the official website: www.gpcreditunion.org
Mission Statement of Grand Prairie Credit Union
Grand Prairie Credit Union, established as a voluntary cooperative and not-for-profit savings institution, operates with a mission under the provisions of the TX Cu Act. This mission is twofold: to encourage thrift among its members and provide credit at fair and reasonable interest rates. By doing so, the credit union aims to offer its members opportunities to improve their economic condition. The organization carries out its mission through various programs, including general office operations, occupancy, salaries, and service charges. The depreciation of its assets further supports its mission, allowing it to continue providing financial services to its members while maintaining fair operations.
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Impact
October, 2024
Grand Prairie Credit Union significantly impacts its community by promoting financial stability and empowerment for its members. As a voluntary co-operative savings institution, it encourages thrift and responsible financial habits among its members, helping them to build savings for the future. By providing access to credit at fair and reasonable rates, it enables individuals and families to achieve their economic goals, whether that’s buying a home, financing education, or managing unexpected expenses.
The credit union fosters a sense of community and collaboration, allowing members to work together towards common financial objectives. Through various programs and services, it not only meets basic banking needs but also invests in the financial education and well-being of its members, contributing to improved economic conditions for individuals and the community as a whole. Additionally, by operating as a co-operative, it reinvests profits back into the services offered, further enhancing the value provided to members. Overall, Grand Prairie Credit Union plays a vital role in supporting the financial health and growth of its community.
This information is meant to be a general summary of Grand Prairie 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: $107,515
- Program Service Revenue: $569,608
- Gross Receipts: $680,722
Assets and Liabilities:
- Total Assets: $22,538,807
- Total Liabilities: $67,768
- Net Assets: $22,471,039
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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
$375,830
FEE INCOME
Revenue
$133,794
OTHER OPERATING INCOME
Revenue
$43,414
UNRELATED BUSINESS INCOME
Revenue
$16,570
Organization Details
Founding Year
1960
Phone
(972) 262-7935Principal Officer
Ronald Mcculler
Main Address
209 N CENTER ST, GRAND PRAIRIE, TX, 75050
Website
www.gpcreditunion.orgNTEE Category
Code: W60 - Public benefit
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