Educational Employees Credit Union

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

EIN: 941031345 ✦ Fresno, CA ✦ Designated as a 501(c)(14)

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Overview

What is Educational Employees Credit Union?

Educational Employees Credit Union is a cooperative based in Fresno, California, with an address at 2222 WEST SHAW AVENUE. The organization, which employs 663 individuals, is dedicated to promoting thrift and savings among its members. By doing so, it acts as a reliable source of credit for its members, offering various loan products such as vehicle loans, credit cards, and personal lines of credit. As a credit union, Educational Employees Credit Union operates for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage.


Official website here: www.myeecu.org

Is Educational Employees Credit Union legitimate?

Educational Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Educational 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: $3,871,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,213,626

For more financial information, click here


Official website here: www.myeecu.org

What is the mission statement of Educational Employees Credit Union?

The Educational Employees Credit Union is a cooperative established to encourage savings and thrift among its members. Its primary objective is to provide affordable credit and allow members to manage their own money on a democratic basis. The credit union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, and benefits of the credit union are returned to its members as patronage. As a cooperative, the Educational Employees Credit Union aims to enhance the economic and social conditions of its members.


Official website here: www.myeecu.org

Who is the CEO of Educational Employees Credit Union?

Elizabeth Dooley is the Chair of Educational Employees Credit Union. The CEO's salary of Educational Employees Credit Union is $924,370 and their total compensation is $1,367,741.


Official website here: www.myeecu.org

What is the revenue of Educational Employees Credit Union?

Educational Employees Credit Union's revenue in 2022 was $167,213,088.


Official website here: www.myeecu.org

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

The average compensation at Educational Employees Credit Union during 2022 was $46,886. There are 663 employees and 14 volunteers at Educational Employees Credit Union.


Here are 26 key members and their salaries (Educational Employees Credit Union's CEO's salary is $924,370 and their total compensation is $1,367,741):


Walter Franzell (Chair)
  • Compensation: $2,889
  • Related: $0
  • Other: $0
Ali Nekumanesh (Vice Chair)
  • Compensation: $1,607
  • Related: $0
  • Other: $0
Lisa Cutts (Treasurer)
  • Compensation: $159
  • Related: $0
  • Other: $0
Cleo Bauer (Secretary)
  • Compensation: $159
  • Related: $0
  • Other: $0
Rick Browning (Board Member)
  • Compensation: $2,665
  • Related: $0
  • Other: $0
Derek Scharton (Board Member)
  • Compensation: $1,769
  • Related: $0
  • Other: $0
Mike Snell (Board Member)
  • Compensation: $297
  • Related: $0
  • Other: $0
Dave Roberts (Board Member)
  • Compensation: $451
  • Related: $0
  • Other: $0
Barbara Thomas (Board Member (Emeritus))
  • Compensation: $159
  • Related: $0
  • Other: $0
Paul Hokokian (Board Member (Emeritus))
  • Compensation: $159
  • Related: $0
  • Other: $0
William Clark (Supr Cmte Chair)
  • Compensation: $2,730
  • Related: $0
  • Other: $0
Brad Stevens (Supr Cmte Secretary)
  • Compensation: $222
  • Related: $0
  • Other: $0
Philip Neufeld (Supr Cmte Member)
  • Compensation: $1,828
  • Related: $0
  • Other: $0
Kathryn Ortega-Jones (Supr Cmte Member)
  • Compensation: $159
  • Related: $0
  • Other: $0
Saeng Bunsy (Supr Cmte Member)
  • Compensation: $184
  • Related: $0
  • Other: $0
Thomas Borchardt (Supr Cmte Member (Emeritus))
  • Compensation: $264
  • Related: $0
  • Other: $0
Elizabeth Dooley (Ceo)
  • Compensation: $924,370
  • Related: $0
  • Other: $443,371
Beverly Ryan (Cfo)
  • Compensation: $423,933
  • Related: $0
  • Other: $39,561
Mark Perez (Clo)
  • Compensation: $430,715
  • Related: $0
  • Other: $76,228
Natalie Tomajan (Coo)
  • Compensation: $239,904
  • Related: $0
  • Other: $42,734
Denda Matthews (Coo)
  • Compensation: $219,994
  • Related: $0
  • Other: $19,825
Bradley Towers (Financial Rep)
  • Compensation: $371,502
  • Related: $0
  • Other: $30,887
Thomas Gray (Svp Hr & Facilities)
  • Compensation: $366,637
  • Related: $0
  • Other: $57,458
Dick Ashjian (Svp Risk Mgmt)
  • Compensation: $364,432
  • Related: $0
  • Other: $61,152
Eric Hovda (Svp It)
  • Compensation: $269,588
  • Related: $0
  • Other: $70,699
Elena Martin (Controller)
  • Compensation: $245,107
  • Related: $0
  • Other: $36,475


Official website here: www.myeecu.org

Where can I find the form 990 for Educational Employees Credit Union?

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


Official website here: www.myeecu.org

Learn more at the official website: www.myeecu.org

Mission Statement of Educational Employees Credit Union

Educational Employees Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. Established with the primary objective of providing an affordable source of credit, the Credit Union sets interest rates based on the board's decisions. It offers its members the unique opportunity to control and manage their own funds, empowering them to enhance their economic and social conditions.

As a member-owned cooperative, Educational Employees Credit Union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, and benefits of the Credit Union are distributed back to the members as patrons, fostering a sense of democratic control and mutual support. By promoting thrift and savings, the Credit Union enables its members to save for future needs and invest in their financial well-being.

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Impact




October, 2024

Educational Employees Credit Union (EECU) has a significant impact on its community by fostering a culture of savings and responsible financial management among its members. By promoting thrift and savings, EECU empowers individuals to manage their finances effectively, thereby enhancing their economic stability.

EECU offers a diverse range of consumer loans, including vehicle loans, credit cards, and personal lines of credit, which cater to the varying financial needs of its members. This array of financial products not only provides members with access to credit at competitive rates but also supports their aspirations and facilitates responsible borrowing.

As a member-focused cooperative, EECU prioritizes the interests of its members, ensuring that the benefits and profits from its operations are shared among them. This model helps to improve their economic and social conditions while promoting a sense of financial community and support. Through its democratic approach to financial services, Educational Employees Credit Union plays a vital role in enhancing the economic empowerment of its members in Fresno, CA.




This information is meant to be a general summary of Educational 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
$167,213,088 (2022)
Expenses
$122,071,053 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $42,446,933
  • Program Service Revenue: $124,766,155
  • Gross Receipts: $167,213,088

Assets and Liabilities:

  • Total Assets: $4,593,284,886
  • Total Liabilities: $4,267,856,173
  • Net Assets: $325,428,713

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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

$64,061,150

OTHER OPERATING INCOME

Revenue

$42,633,340

FEE INCOME

Revenue

$18,071,665

Organization Details

Founding Year

1934

Principal Officer

Elizabeth Dooley

Main Address

2222 WEST SHAW AVENUE, FRESNO, CA, 93711

NTEE Category

Code: W60 - Public benefit

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