Overview
What is Eagle Community Credit Union?
Eagle Community Credit Union is a cooperative based in Lake Forest, California. With a membership base of over 22,000, it aims to encourage savings and provide affordable credit to its members. Established for the mutual benefit of its members, the credit union offers a democratic platform for them to manage their finances. Through its deposit and loan services, it allows members to save, control, and use their money effectively. The credit union's mission is to improve its members' economic and social conditions by distributing earnings, savings, and benefits back to its patrons. The organization's workforce consists of 103 dedicated employees.
Official website here: www.eaglecu.org
Is Eagle Community Credit Union legitimate?
Eagle Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eagle Community 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: $1,471,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,215,173
For more financial information, click here
Official website here: www.eaglecu.org
What is the mission statement of Eagle Community Credit Union?
Eagle Community Credit Union is a cooperative established to encourage savings among its members and provide them with affordable credit. The credit union operates for the mutual benefit and general welfare of its members, with earnings and services distributed back to the members as patrons. By promoting thrift and savings, Eagle Community Credit Union aims to help its members improve their economic and social conditions. As a cooperative, the credit union's business is run democratically to meet the financial needs of its members.
Official website here: www.eaglecu.org
Who is the CEO of Eagle Community Credit Union?
Scott Rains is the Principal Officer of Eagle Community Credit Union. The CEO's salary of Eagle Community Credit Union is $282,494 and their total compensation is $306,476.
Official website here: www.eaglecu.org
What is the revenue of Eagle Community Credit Union?
Eagle Community Credit Union's revenue in 2022 was $21,896,968.
Official website here: www.eaglecu.org
Who are the executives of Eagle Community Credit Union and what are their salaries?
The average compensation at Eagle Community Credit Union during 2022 was $64,919. There are 103 employees and 15 volunteers at Eagle Community Credit Union.
Here are 18 key members and their salaries (Eagle Community Credit Union's CEO's salary is $282,494 and their total compensation is $306,476):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $282,494
- Related: $0
- Other: $23,982
- Compensation: $214,572
- Related: $0
- Other: $26,251
- Compensation: $196,045
- Related: $0
- Other: $32,800
- Compensation: $172,715
- Related: $0
- Other: $9,181
- Compensation: $165,981
- Related: $0
- Other: $21,512
- Compensation: $127,255
- Related: $0
- Other: $14,335
- Compensation: $107,060
- Related: $0
- Other: $13,024
- Compensation: $104,797
- Related: $0
- Other: $16,648
- Compensation: $100,542
- Related: $0
- Other: $5,846
Official website here: www.eaglecu.org
Where can I find the form 990 for Eagle Community Credit Union?
Eagle Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eaglecu.org
Learn more at the official website: www.eaglecu.org
Mission Statement of Eagle Community Credit Union
Eagle Community Credit Union, a cooperative with a noble purpose, is dedicated to encouraging savings and thrift among its members. Established as a democratic financial institution, it offers its members the opportunity to control their funds and improve their economic and social conditions. The credit union creates a reliable source of credit, with interest rates determined by its Board of Directors. The earnings, savings, benefits, or services of the credit union are distributed to its members as patronage, ensuring mutual benefit and general welfare. In essence, Eagle Community Credit Union operates as a cooperative financial entity, working for the betterment of its members.
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Impact
October, 2024
Eagle Community Credit Union significantly impacts its members and the broader community by fostering a culture of thrift and savings. By offering a variety of deposit and loan accounts to over 22,634 members, it provides essential low-cost financial services tailored to meet individual needs.
The credit union creates accessible opportunities for its members to manage their finances effectively, emphasizing savings and responsible borrowing. This commitment to creating a source of credit allows members to benefit from interest rates determined by a democratically elected board, ensuring that the focus remains on the financial well-being of the membership.
In addition to serving as a reliable source for savings and checking account needs, Eagle Community Credit Union empowers its members to take control of their financial futures. Through its cooperative structure, the organization prioritizes the mutual benefit and welfare of its members, ensuring that earnings and services are distributed fairly. This fosters a strong sense of community and economic improvement, enhancing the overall quality of life for those it serves in Lake Forest, California.
This information is meant to be a general summary of Eagle Community 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: $1,062,598
- Program Service Revenue: $20,294,076
- Gross Receipts: $21,896,968
Assets and Liabilities:
- Total Assets: $359,509,563
- Total Liabilities: $326,596,117
- Net Assets: $32,913,446
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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
$16,646,634
FEE INCOME
Revenue
$2,436,713
OTHER OPERATING INCOME
Revenue
$1,210,729
Organization Details
Founding Year
1937
Phone
(949) 588-9400Principal Officer
Scott Rains
Main Address
PO BOX 5196, LAKE FOREST, CA, 92609
Website
www.eaglecu.orgNTEE Category
Code: W60 - Public benefit
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