Holly Frontier Employees Credit Union

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

EIN: 870216243 ✦ Bountiful, UT ✦ Designated as a 501(c)(14)

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Overview

What is Holly Frontier Employees Credit Union?

Holly Frontier Employees Credit Union is a financial institution situated in Bountiful, Utah. As a credit union, it offers savings and loan services to its 864 members, catering to their unique requirements and capabilities. The credit union's mission is to support its members financially, providing them with the necessary means to save and borrow according to their individual needs. With a small workforce of just two employees, Holly Frontier Employees Credit Union serves its membership base diligently, ensuring they have access to essential financial services.

Is Holly Frontier Employees Credit Union legitimate?

Holly Frontier Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Holly Frontier Employees 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: $93,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,144

For more financial information, click here

What is the mission statement of Holly Frontier Employees Credit Union?

Holly Frontier Employees Credit Union's mission is centered around serving its 864 members by offering tailored loans and savings options. The credit union is committed to addressing each member's unique financial needs and abilities, ensuring they have access to necessary financial services. By doing so, the credit union aims to contribute positively to its members' financial well-being. Additionally, the credit union provides its services in a cooperative manner, with all members having an equal say in its operations.

Who is the CEO of Holly Frontier Employees Credit Union?

Meagan Nattress is the President of Holly Frontier Employees Credit Union.

What is the revenue of Holly Frontier Employees Credit Union?

Holly Frontier Employees Credit Union's revenue in 2022 was $320,844.

Who are the executives of Holly Frontier Employees Credit Union and what are their salaries?

The average compensation at Holly Frontier Employees Credit Union during 2022 was $57,610. There are 2 employees and 13 volunteers at Holly Frontier Employees Credit Union.


Here are 5 key members and their salaries:


Meagan Nattress (President)
  • Compensation: $93,077
  • Related: $0
  • Other: $0
Margaret Bowman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Baldi (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deepa Chhagan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Valerio (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Holly Frontier Employees Credit Union?

Holly Frontier Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Holly Frontier Employees Credit Union

Holly Frontier Employees Credit Union is committed to serving its 864 members by offering personalized loans and savings options. The credit union's mission is to cater to the financial needs of each member, taking into account their unique capabilities. By providing accessible financial services, Holly Frontier Employees Credit Union aims to empower its members and contribute to their financial well-being. The credit union's approach is centered around individualized solutions, ensuring that each member receives the financial assistance they require.

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Impact




October, 2024

Holly Frontier Employees Credit Union plays a significant role in the financial well-being of its 864 members in Bountiful, Utah. By offering tailored savings and loan products, the credit union addresses the individual needs and financial situations of each member. This personalized approach fosters a sense of community and support, allowing members to build savings, access affordable loans, and improve their financial stability.

Through its mission, the credit union not only provides essential financial services but also promotes responsible financial practices among its members. This creates a positive ripple effect, enhancing the overall economic health of the community. By prioritizing the unique circumstances of each member, Holly Frontier Employees Credit Union contributes to public welfare and empowers individuals to achieve their financial goals.




This information is meant to be a general summary of Holly Frontier Employees 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
$320,844 (2022)
Expenses
$235,551 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,487
  • Program Service Revenue: $306,099
  • Gross Receipts: $320,844

Assets and Liabilities:

  • Total Assets: $6,486,796
  • Total Liabilities: $4,801,593
  • Net Assets: $1,685,203

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCOME FROM LOANS

Revenue

$306,099

Organization Details

Founding Year

1940

Principal Officer

Meagan Nattress

Main Address

PO Box 666, Bountiful, UT, 84011

NTEE Category

Code: W60 - Public benefit

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