Financial Security Credit Union

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

EIN: 850161080 ✦ Carlsbad, NM ✦ Designated as a 501(c)(14)

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Overview

What is Financial Security Credit Union?

Financial Security Credit Union is a nonprofit organization dedicated to providing its members with the best financial services. Their mission is to offer competitive dividends on shares, affordable loans, and a variety of financial products tailored to meet their members' needs. They strive for efficient and friendly service, aiming to foster a sense of community among those who share a common bond. To maintain financial stability and protect members' assets, the credit union carefully manages its operations.


Official website here: www.finseccu.com

What do the Facebook reviews say about Financial Security Credit Union?

94% of 42 reviewers on Facebook recommend Financial Security Credit Union. Here is a summary of their reviews:

Many members express a strong sense of comfort and satisfaction with their experiences, highlighting the welcoming atmosphere within the credit union. Clients appreciate the personalized service and support they receive, noting that it stands out compared to traditional banking experiences.

Overall, the feedback reveals that Financial Security Credit Union consistently meets the needs of its members, providing a reliable and friendly banking environment. This positive sentiment suggests that the organization has successfully built a community-focused approach that resonates well with its clients.


This AI summary has been generated from reviews found on Facebook.

Is Financial Security Credit Union legitimate?

Financial Security Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial Security 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: $235,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $592,799

For more financial information, click here


Official website here: www.finseccu.com

What is the mission statement of Financial Security Credit Union?

The Financial Security Credit Union is committed to delivering the best dividends on shares and offering loans at reasonable rates. Their mission is to cater to their members' needs by providing a diverse range of financial products. Furthermore, they strive to offer efficient and friendly service to their members, who share a common bond. To maintain its financial stability and protect its members' assets, the credit union continually seeks to improve its offerings.


Official website here: www.finseccu.com

Who is the CEO of Financial Security Credit Union?

Judy Carrasco is the Chairperson of Financial Security Credit Union. The CEO's salary of Financial Security Credit Union is $133,538 and their total compensation is $133,538.


Official website here: www.finseccu.com

What is the revenue of Financial Security Credit Union?

Financial Security Credit Union's revenue in 2022 was $3,190,623.


Official website here: www.finseccu.com

Who are the executives of Financial Security Credit Union and what are their salaries?

The average compensation at Financial Security Credit Union during 2022 was $39,457. There are 21 employees and 10 volunteers at Financial Security Credit Union.


Here are 7 key members and their salaries (Financial Security Credit Union's CEO's salary is $133,538 and their total compensation is $133,538):


Jason Crockett (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Misti Fernandez (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Tigert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Riley Neatherlin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Carrasco (Ceo)
  • Compensation: $133,538
  • Related: $0
  • Other: $0
Katherine Navarrette (Vp Operations)
  • Compensation: $102,251
  • Related: $0
  • Other: $0


Official website here: www.finseccu.com

Where can I find the form 990 for Financial Security Credit Union?

Financial Security Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.finseccu.com

Learn more at the official website: www.finseccu.com

Mission Statement of Financial Security Credit Union

Financial Security Credit Union's mission is centered around providing its members with the best returns on their shares and offering loans at reasonable rates. The credit union strives to maintain a diverse range of financial products that cater to the varying needs of its members. Moreover, Financial Security Credit Union is committed to delivering efficient and friendly service to its members, who share a common bond. In pursuit of its mission, the credit union aims to maintain its financial stability while safeguarding the assets of its members.

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Impact




October, 2024

Financial Security Credit Union plays a vital role in enhancing the financial well-being of its members in Carlsbad, NM. By offering competitive dividends on shares and reasonable loan rates, the credit union empowers individuals and families to achieve their financial goals. Their diverse product mix is designed to meet the specific needs of their membership, ensuring that everyone in their community can find suitable financial solutions.

The commitment to efficient and friendly service reflects their dedication to building strong relationships with their members. This approach not only fosters trust but also creates a supportive environment that encourages financial literacy and stability. By maintaining long-term financial stability, Financial Security Credit Union protects the assets of its members, allowing them to feel secure in their financial dealings.

In summary, the impact of Financial Security Credit Union is felt through its contributions to financial empowerment, community well-being, and a stable economic environment for its members.




This information is meant to be a general summary of Financial Security 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
$3,190,623 (2022)
Expenses
$2,584,154 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $265,859
  • Program Service Revenue: $2,644,979
  • Gross Receipts: $3,190,623

Assets and Liabilities:

  • Total Assets: $59,542,140
  • Total Liabilities: $52,524,428
  • Net Assets: $7,017,712

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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

$1,683,309

FEES & CHARGES

Revenue

$961,670

Organization Details

Founding Year

1954

Principal Officer

Judy Carrasco

Main Address

1105 WEST PIERCE, CARLSBAD, NM, 88220

NTEE Category

Code: W60 - Public benefit

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