Overview
What is Upward Credit Union Fka United Health Credit Union?
Upward Credit Union Fka United Health Credit Union, located in Burlingame, California, is a cooperative financial institution dedicated to promoting thrift and savings among its members. Established with a democratic structure, the credit union offers its members a source of credit at rates set by its board of directors. The primary objective of Upward Credit Union is to improve the economic and social conditions of its members by providing them with an opportunity to control and utilize their own money. Recently, the credit union converted to an EFT service provider, collaborating with CO-OP Financial Services to expand digital payment options for its members, such as digital wallets. With a workforce of 17 individuals, Upward Credit Union continues to serve its members' financial needs.
Official website here: www.upwardcu.org
What do the Facebook reviews say about Upward Credit Union Fka United Health Credit Union?
100% of 11 reviewers on Facebook recommend Upward Credit Union. Here is a summary of their reviews:
Members express a strong sense of loyalty and long-term commitment to the organization, highlighting personal connections and positive experiences since childhood. Many appreciate the supportive environment and the commitment to community welfare, reflecting a deep-rooted trust in the services provided by the credit union.
Overall, the sentiment is overwhelmingly positive, indicating that Upward Credit Union effectively meets the needs of its members and fosters a welcoming atmosphere. The enthusiasm of members suggests the nonprofit truly delivers on its promises and retains a devoted member base.
This AI summary has been generated from reviews found on Facebook.
Is Upward Credit Union Fka United Health Credit Union legitimate?
Upward Credit Union Fka United Health Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Upward Credit Union Fka United Health 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: $325,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,080,506
For more financial information, click here
Official website here: www.upwardcu.org
What is the mission statement of Upward Credit Union Fka United Health Credit Union?
Upward Credit Union, formerly known as United Health Credit Union, is a cooperative established with the purpose of promoting savings among its members. The primary objective of this financial institution is to provide its members with a source of credit at interest rates determined by the board of directors. Additionally, Upward Credit Union offers its members an opportunity to manage their own funds democratically, aiming to improve their economic and social conditions. As a cooperative, it operates for the mutual benefit and general welfare of its members, with any earnings, savings, benefits, or services being distributed back to the members.
Official website here: www.upwardcu.org
Who is the CEO of Upward Credit Union Fka United Health Credit Union?
Jason Mertz-Prickett is the Chair of Upward Credit Union Fka United Health Credit Union. The CEO's salary of Upward Credit Union Fka United Health Credit Union is $130,561 and their total compensation is $145,356.
Official website here: www.upwardcu.org
What is the revenue of Upward Credit Union Fka United Health Credit Union?
Upward Credit Union Fka United Health Credit Union's revenue in 2022 was $3,232,601.
Official website here: www.upwardcu.org
Who are the executives of Upward Credit Union Fka United Health Credit Union and what are their salaries?
The average compensation at Upward Credit Union Fka United Health Credit Union during 2022 was $82,728. There are 17 employees and 14 volunteers at Upward Credit Union Fka United Health Credit Union.
Here are 14 key members and their salaries (Upward Credit Union Fka United Health Credit Union's CEO's salary is $130,561 and their total compensation is $145,356):
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- Compensation: $130,561
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- Other: $14,795
- Compensation: $195,312
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- Other: $19,504
Official website here: www.upwardcu.org
Where can I find the form 990 for Upward Credit Union Fka United Health Credit Union?
Upward Credit Union Fka United Health Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.upwardcu.org
Learn more at the official website: www.upwardcu.org
Mission Statement of Upward Credit Union Fka United Health Credit Union
Upward Credit Union Fka United Health Credit Union, as a cooperative, is organized with the primary purpose of promoting thrift and savings among its members. Its mission is to serve its members by creating a source of credit at interest rates set by its board of directors. This cooperative operates on a democratic basis, allowing its members to have control over their own money for the mutual benefit and general welfare of the collective. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage, aiming to improve their economic and social conditions. In essence, Upward Credit Union Fka United Health Credit Union operates as a financial institution, run by and for its members, with a focus on fostering financial growth and well-being.
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Impact
October, 2024
Upward Credit Union, formerly known as United Health Credit Union, plays a significant role in promoting financial well-being among its members in Burlingame, CA. By focusing on thrift and savings, the credit union fosters a community-oriented environment where members can improve their economic conditions.
One of the key impacts of Upward Credit Union is its commitment to providing accessible credit at favorable interest rates, which is determined democratically by the board of directors. This empowers members to make informed financial decisions and gain better control over their money. The credit union's conversion to a cooperative model is instrumental in ensuring that the benefits of its services are distributed among its members, enhancing their overall financial health.
Moreover, the recent shift to Co-op Financial Services has significantly expanded the digital payment options available to members, including the introduction of digital wallets. This modernization of services not only streamlines financial transactions but also encourages a tech-savvy approach to personal finance, making it easier for members to manage their finances in today's digital age.
Overall, Upward Credit Union's cooperative structure and mission contribute to a supportive financial ecosystem, helping members achieve their savings goals and enhance their social and economic well-being.
This information is meant to be a general summary of Upward Credit Union Fka United Health 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: $494,479
- Program Service Revenue: $2,738,122
- Gross Receipts: $3,232,601
Assets and Liabilities:
- Total Assets: $93,358,986
- Total Liabilities: $86,867,198
- Net Assets: $6,491,788
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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
$1,895,291
OTHER OPERATING INCOME
Revenue
$479,396
FEE INCOME
Revenue
$363,435
Organization Details
Founding Year
1956
Phone
(650) 231-1300Principal Officer
Jason Mertz-Prickett
Main Address
1860 EL CAMINO REAL SUITE 100, BURLINGAME, CA, 940103106
Website
www.upwardcu.orgNTEE Category
Code: W60 - Public benefit
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