Overview
What is Ibew Plus Credit Union?
Ibew Plus Credit Union, with its headquarters in Las Vegas, Nevada, is a member-centric cooperative established in 1952. Originally founded by 100 members of I.B.E.W. Local #357, it became the first union-represented credit union in Nevada. Over the years, Ibew Plus Credit Union has evolved into a comprehensive financial institution, offering its members excellent service, respect, and security. Its lending program covers various consumer credit needs, including auto loans, home loans, and home equity loans. Simultaneously, it provides a variety of interest-bearing consumer deposit accounts, ensuring financial safety and security. The primary goal of Ibew Plus Credit Union is to cater to its members' financial needs while fostering a cooperative environment where mutual assistance is encouraged.
Official website here: www.pluscu.org
Is Ibew Plus Credit Union legitimate?
Ibew Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ibew Plus 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: $811,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $717,491
For more financial information, click here
Official website here: www.pluscu.org
What is the mission statement of Ibew Plus Credit Union?
Ibew Plus Credit Union is organized as a cooperative with a mission to promote thrift and savings among its members. This mission is achieved by creating a source of credit for its members at interest rates set by the board of directors. The credit union provides its members with an opportunity to use and control their own money in a democratic manner, aiming to improve their economic and social conditions. As a cooperative, Ibew Plus Credit Union operates for the mutual benefit and general welfare of its members, with its earnings, savings, benefits, or services being distributed back to its members.
Official website here: www.pluscu.org
Who is the CEO of Ibew Plus Credit Union?
Carol Schumacher is the CEO of Ibew Plus Credit Union The CEO's salary of Ibew Plus Credit Union is $307,411 and their total compensation is $332,301.
Official website here: www.pluscu.org
What is the revenue of Ibew Plus Credit Union?
Ibew Plus Credit Union's revenue in 2023 was $5,510,028.
Official website here: www.pluscu.org
Who are the executives of Ibew Plus Credit Union and what are their salaries?
The average compensation at Ibew Plus Credit Union during 2023 was $43,697. There are 35 employees and 11 volunteers at Ibew Plus Credit Union.
Here are 15 key members and their salaries (Ibew Plus Credit Union's CEO's salary is $307,411 and their total compensation is $332,301):
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- Compensation: $307,411
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- Other: $24,890
- Compensation: $184,527
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- Other: $30,878
- Compensation: $176,749
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- Other: $20,191
- Compensation: $143,213
- Related: $0
- Other: $22,854
Official website here: www.pluscu.org
Where can I find the form 990 for Ibew Plus Credit Union?
Ibew Plus Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pluscu.org
Learn more at the official website: www.pluscu.org
Mission Statement of Ibew Plus Credit Union
Ibew Plus Credit Union is a cooperative organization, established with the primary objective of promoting thrift and savings among its members. Its mission is to create a reliable source of credit for its members, setting interest rates based on the board's decisions. Moreover, Ibew Plus Credit Union provides an opportunity for its members to manage their own funds democratically, aiming to enhance their economic and social conditions. As a cooperative, Ibew Plus Credit Union operates for the mutual benefit and overall welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as their patrons.
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Impact
October, 2024
IBEW Plus Credit Union significantly impacts its community by fostering financial empowerment among its members. Established in 1952, it has evolved from a small collective of I.B.E.W. Local #357 members into a comprehensive financial institution, providing an array of services designed to promote thrift, savings, and access to credit.
By offering diverse financial products, including auto loans, home loans, and various interest-bearing deposit accounts, IBEW Plus Credit Union meets the unique needs of its members, ensuring they can achieve personal financial goals with stability and security. The cooperative model encourages a democratic approach to financial management, allowing members to exercise control over their finances while benefiting from lower interest rates and shared profits.
Ultimately, IBEW Plus Credit Union enhances the economic and social conditions of its members, contributing to a culture of mutual support and financial responsibility in the Las Vegas community. Its commitment to member welfare and service excellence has solidified its role as a vital resource for social and economic development in the area.
This information is meant to be a general summary of Ibew Plus 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 2023.
- Investment Income: $2,522,806
- Program Service Revenue: $2,917,406
- Gross Receipts: $5,510,028
Assets and Liabilities:
- Total Assets: $114,417,679
- Total Liabilities: $103,516,912
- Net Assets: $10,900,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS TO MEMBERS
Revenue
$2,037,438
OTHER OPERATING INCOME
Revenue
$488,294
FEE INCOME
Revenue
$391,674
Organization Details
Founding Year
1983
Principal Officer
Carol Schumacher
Website
www.pluscu.orgNTEE Category
Code: W60 - Public benefit
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