Overview
What is Employees First Credit Union?
Employees First Credit Union, located at 885 North 600 West, Logan, Utah 84321, is a member-owned financial institution with a mission to serve its community. Established for the collective benefit of its membership, the credit union provides savings opportunities to its members and utilizes these funds to offer loans to fellow members. With a team of just two dedicated employees, Employees First Credit Union operates on the principle of financial cooperation, aiming to contribute positively to the financial wellbeing of its members.
Is Employees First Credit Union legitimate?
Employees First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Employees First 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: $15,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Employees First Credit Union?
Employees First Credit Union exists primarily for the collective benefit of its membership. The union is member-owned, serving as a platform to accumulate savings from which loans are subsequently provided to fellow members. This cooperative structure allows members to benefit financially, with dividends paid on shares and interest earned on their savings. The mission of Employees First Credit Union is to operate as a collective entity, fostering financial growth and assistance among its members.
Who is the CEO of Employees First Credit Union?
Craig Russell is the President/Manager of Employees First Credit Union.
What is the revenue of Employees First Credit Union?
Employees First Credit Union's revenue in 2022 was $4,216.
Who are the executives of Employees First Credit Union and what are their salaries?
The average compensation at Employees First Credit Union during 2022 was $7,670. There are 2 employees and 13 volunteers at Employees First Credit Union.
Here are 13 key members and their salaries:
- Compensation: $12,141
- Related: $0
- Other: $0
- Compensation: $1,984
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Employees First Credit Union?
Employees First Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employees First Credit Union
Employees First Credit Union, a member-owned organization, was established with the collective benefit of its membership in mind. Its primary mission is to provide savings opportunities for its members, which serve as a source for extending loans to fellow members in need. This mutual aid approach ensures that the credit union operates for the benefit of its entire membership, fostering a sense of community and financial support among its members. The credit union's operations are characterized by the distribution of dividends on shares and the payment of interest on members' savings, reflecting its commitment to financial inclusivity and member well-being.
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Impact
October, 2024
Employees First Credit Union plays a vital role in the financial well-being of its members by providing a supportive environment focused on collective benefit. As a member-owned institution based in Logan, Utah, it offers a range of financial services designed to foster savings and facilitate loans among its members. This structure ensures that any dividends earned on shares and interest paid on savings directly benefit the community of members.
By prioritizing the needs of its membership, Employees First Credit Union empowers individuals to achieve their financial goals while creating a sense of solidarity and mutual support. The loans facilitated by the credit union not only aid in personal financial growth but also strengthen the local economy by circulating funds within the community. The emphasis on shared prosperity helps cultivate a culture of collaboration and trust among members, enhancing overall community welfare.
This information is meant to be a general summary of Employees First 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: $1,797
- Program Service Revenue: $2,419
- Gross Receipts: $4,216
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$1,875
LATE FEES
Revenue
$221
FEES ON REIMBURSEMENT
Revenue
$323
Organization Details
Founding Year
1979
Phone
(435) 752-8175Principal Officer
Craig Russell
Main Address
885 NORTH 600 WEST, LOGAN, UT, 84321
NTEE Category
Code: W60 - Public benefit
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