Overview
What is Panhandle Credit Union?
Panhandle Credit Union is a member-owned financial institution based in Panama City, Florida. With a mission to encourage savings among its members, the credit union offers various savings products such as checking, savings, certificate of deposit accounts, and even retirement savings options. The organization came into existence to allow members to pool their financial resources, lend to one another, and collectively own the organization. By doing so, members can access savings, borrowing, and financial services at favorable rates. The credit union serves over 14,900 members in the counties of Bay, Calhoun, Gulf, Holmes, Jackson, Walton, and Washington in Florida. Employing a staff of 82 individuals, Panhandle Credit Union is dedicated to promoting thrift and providing affordable credit to its members.
Official website here: www.panhandlecu.org/
What do the Facebook reviews say about Panhandle Credit Union?
94% of 52 reviewers on Facebook recommend Panhandle Credit Union. Here is a summary of their reviews:
Many users appreciate the supportive and friendly atmosphere at the credit union. Customers consistently mention that the team is eager to assist and goes above and beyond to ensure a positive experience. Positive interactions and helpful staff contribute to an overall pleasant environment for members.
The commitment to customer satisfaction is evident, and people feel welcomed whenever they visit. Overall, the positive sentiment reflects a strong community-focused organization that prioritizes the needs of its members.
This AI summary has been generated from reviews found on Facebook.
Is Panhandle Credit Union legitimate?
Panhandle Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Panhandle 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: $783,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,264,239
For more financial information, click here
Official website here: www.panhandlecu.org/
What is the mission statement of Panhandle Credit Union?
The Panhandle Credit Union is established to allow its members to collectively save money, lend to one another, and collectively own the organization. This enables members to save, borrow, and access various financial services and products with favorable rates. The credit union's mission is to encourage thrift among its members and provide them with a reliable source of credit. With over 14,900 members, it offers competitive savings products, including savings, checking, certificate of deposit accounts, and IRA savings, in addition to investment opportunities.
Official website here: www.panhandlecu.org/
Who is the CEO of Panhandle Credit Union?
Justin Hall is the Chairman of Panhandle Credit Union. The CEO's salary of Panhandle Credit Union is $176,031 and their total compensation is $197,148.
Official website here: www.panhandlecu.org/
What is the revenue of Panhandle Credit Union?
Panhandle Credit Union's revenue in 2022 was $12,428,355.
Official website here: www.panhandlecu.org/
Who are the executives of Panhandle Credit Union and what are their salaries?
The average compensation at Panhandle Credit Union during 2022 was $37,164. There are 82 employees and 12 volunteers at Panhandle Credit Union.
Here are 14 key members and their salaries (Panhandle Credit Union's CEO's salary is $176,031 and their total compensation is $197,148):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $176,031
- Related: $0
- Other: $21,117
- Compensation: $138,368
- Related: $0
- Other: $8,700
- Compensation: $78,373
- Related: $0
- Other: $11,949
- Compensation: $80,000
- Related: $0
- Other: $3,745
- Compensation: $120,312
- Related: $0
- Other: $3,967
- Compensation: $126,391
- Related: $0
- Other: $14,257
Official website here: www.panhandlecu.org/
Where can I find the form 990 for Panhandle Credit Union?
Panhandle Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.panhandlecu.org/
Learn more at the official website: www.panhandlecu.org/
Mission Statement of Panhandle Credit Union
Panhandle Credit Union, a member-owned financial institution, was established with the objective of enabling its members to pool their savings, lend to one another, and collectively own the organization. Based in Florida, this credit union caters to the needs of over 14,900 members residing in Bay, Calhoun, Gulf, Holmes, Jackson, Walton, and Washington counties. The organization's primary mission revolves around promoting thrift among its members and creating a dependable source of credit for them at reasonable interest rates.
To promote thrift, Panhandle Credit Union offers a range of competitive savings products. These include savings, checking, Certificate of Deposit (CD) accounts, and Individual Retirement Account (IRA) savings, as well as CD accounts. By providing these savings options, the credit union encourages its members to save and build a financial foundation for their future. This, in turn, allows the organization to extend credit to its members at favorable rates.
In essence, Panhandle Credit Union serves as a cooperative financial institution, where members come together to save, borrow, and access related financial services and products. The credit union's mission is deeply rooted in fostering financial stability and growth among its members. It aims to create an inclusive financial ecosystem, enabling each member to achieve their financial goals and build a secure future.
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Impact
October, 2024
Panhandle Credit Union plays a vital role in its community by empowering its members to manage their finances more effectively. By pooling resources, the credit union enables members to save, borrow, and access essential financial services. It offers a range of competitive savings products, including various accounts that encourage thrift, such as savings, checking, and certificates of deposit.
With a mission to promote financial well-being, Panhandle Credit Union serves over 14,900 members across several counties in Florida. The organization focuses on providing favorable rates on savings and investments while offering low-interest loans. This strategy helps cultivate a supportive financial environment, allowing members to thrive economically.
Through its operations, Panhandle Credit Union fosters a sense of community and collective ownership among its members, which enhances local financial stability and growth. By providing access to legitimate credit resources, it contributes to the economic empowerment of individuals and families within the Greater Bay area and beyond.
This information is meant to be a general summary of Panhandle 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: $1,313,812
- Program Service Revenue: $7,347,618
- Gross Receipts: $12,889,885
Assets and Liabilities:
- Total Assets: $298,300,656
- Total Liabilities: $263,640,191
- Net Assets: $34,660,465
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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
$7,347,618
Organization Details
Founding Year
1957
Phone
(850) 769-3306Principal Officer
Justin Hall
Main Address
2718 MARTIN LUTHER KING JR BLVD, PANAMA CITY, FL, 324054408
Website
www.panhandlecu.org/NTEE Category
Code: W60 - Public benefit
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