Overview
What is Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union, formerly known as Alliance Credit Union, is a cooperative based in San Jose, California, with a mission to encourage savings and lending opportunities among its members. Established at 151 Bernal Road, the credit union provides consumer loans, including for autos, Visa, and personal lines of credit, at rates determined by their board of directors. As a member-owned organization, Excite Credit Union offers its members the chance to control and utilize their own money democratically, ultimately enhancing their economic and social conditions. The credit union, employing 159 individuals, conducts its operations for the mutual benefit and general welfare of its members, with earnings, savings, and services being distributed back to its patrons.
Official website here: www.excitecu.org
Is Excite Credit Union (Fka Alliance Credit Union) legitimate?
Excite Credit Union (Fka Alliance Credit Union) is a legitimate nonprofit organization registered as a 501(c)(14) entity. Excite Credit Union (Fka Alliance 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: $1,772,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,957,089
For more financial information, click here
Official website here: www.excitecu.org
What is the mission statement of Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union is a cooperative, established to encourage saving among its members and create a source of affordable credit for them. The credit union operates based on democratic principles, allowing members to control and use their own money for their economic and social betterment. The earnings, savings, and benefits of the credit union are distributed among its members as patronage. In essence, Excite Credit Union exists to promote thrift, savings, and financial empowerment for its membership. Its primary goal is to enhance the financial well-being of its members through cooperative financial services.
Official website here: www.excitecu.org
Who is the CEO of Excite Credit Union (Fka Alliance Credit Union)?
Brian Dorcy is the Chairperson of Excite Credit Union (Fka Alliance Credit Union). The CEO's salary of Excite Credit Union (Fka Alliance Credit Union) is $397,155 and their total compensation is $438,531.
Official website here: www.excitecu.org
What is the revenue of Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union (Fka Alliance Credit Union)'s revenue in 2022 was $32,546,340.
Official website here: www.excitecu.org
Who are the executives of Excite Credit Union (Fka Alliance Credit Union) and what are their salaries?
The average compensation at Excite Credit Union (Fka Alliance Credit Union) during 2022 was $61,193. There are 159 employees and 14 volunteers at Excite Credit Union (Fka Alliance Credit Union).
Here are 21 key members and their salaries (Excite Credit Union (Fka Alliance Credit Union)'s CEO's salary is $397,155 and their total compensation is $438,531):
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- Compensation: $397,155
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- Other: $41,376
- Compensation: $281,755
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- Other: $47,095
- Compensation: $291,656
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- Other: $16,511
- Compensation: $224,612
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- Other: $20,750
- Compensation: $209,203
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- Other: $32,825
- Compensation: $198,102
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- Other: $11,290
- Compensation: $170,075
- Related: $0
- Other: $15,037
Official website here: www.excitecu.org
Where can I find the form 990 for Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union (Fka Alliance Credit Union)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.excitecu.org
Learn more at the official website: www.excitecu.org
Mission Statement of Excite Credit Union (Fka Alliance Credit Union)
Excite Credit Union, formerly known as Alliance Credit Union, is a cooperative established with the primary objective of fostering thrift and savings among its members. The cooperative serves as a financial institution, offering attractive rates of interest set by its Board of Directors for loans to its members. In essence, it creates a credit source for them. Additionally, it provides an opportunity for members to have control over their own money in a democratic manner, enhancing their economic and social conditions.
Excite Credit Union functions with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to the members as patronage. This model sets it apart as a cooperative, distinguishing it from traditional financial institutions. By conducting its business with this cooperative spirit, it effectively creates a thriving financial ecosystem that benefits all involved.
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Impact
October, 2024
Excite Credit Union plays a crucial role in promoting financial stability and accessibility for its members in San Jose, CA. By fostering a culture of thrift and savings, the credit union creates opportunities for individuals to enhance their economic well-being. Its focus on providing consumer loans, including auto loans, Visa credit lines, and personal lines of credit, empowers members to achieve their financial goals and meet their needs effectively.
The cooperative structure of Excite Credit Union ensures that decisions are made democratically, allowing members to influence the services and benefits they receive. This approach not only strengthens the financial acumen of individual members but also promotes a sense of community and shared purpose. The credit union's commitment to fair interest rates set by an elected board enhances the accessibility of credit, which is vital for improving members' economic and social conditions.
Moreover, by redistributing earnings and benefits back to its members, Excite Credit Union reinforces the idea of mutual support and collective growth. Through these initiatives, it significantly contributes to the overall welfare of its community, making financial resources more equitable and accessible to those it serves.
This information is meant to be a general summary of Excite Credit Union (Fka Alliance 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: $2,292,589
- Program Service Revenue: $30,171,584
- Gross Receipts: $32,546,340
Assets and Liabilities:
- Total Assets: $720,500,856
- Total Liabilities: $679,002,606
- Net Assets: $41,498,250
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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
$19,683,140
OTHER OPERATING INCOME
Revenue
$7,457,428
FEE INCOME
Revenue
$3,031,016
Organization Details
Founding Year
1952
Phone
(408) 265-7322Principal Officer
Brian Dorcy
Main Address
151 BERNAL ROAD, SAN JOSE, CA, 95119
Website
www.excitecu.orgNTEE Category
Code: W60 - Public benefit
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