Eagle Community Credit Union

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

EIN: 951068549 ✦ Lake forest, CA ✦ Designated as a 501(c)(14)

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 not tax deductible.

Here 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):

    Andrew Scott Rains (Ceo)
  • Compensation: $282,494
  • Related: $0
  • Other: $23,982

    • Mary Roberts (Cfo)
  • Compensation: $214,572
  • Related: $0
  • Other: $26,251

    • Robert Thompson (Clo)
  • Compensation: $196,045
  • Related: $0
  • Other: $32,800

    • Carol Rosas (Coo)
  • Compensation: $165,981
  • Related: $0
  • Other: $21,512

    • Jeff Madland (Chro)
  • Compensation: $172,715
  • Related: $0
  • Other: $9,181

    • David Ward (Cmo)
  • Compensation: $127,255
  • Related: $0
  • Other: $14,335

    • Shane Llinas (Avl)
  • Compensation: $104,797
  • Related: $0
  • Other: $16,648

    • Ramzi Koury (Itm)
  • Compensation: $107,060
  • Related: $0
  • Other: $13,024

    • Valerie Hendricks (Avoc)
  • Compensation: $100,542
  • Related: $0
  • Other: $5,846

    • Miles Friedman (Board Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louie Flores (Board Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jackie Deter (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Leinweber (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bertha Gascon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Corral (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Soulanille Ii (Supv Cmte Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Romero (Supv Cmte) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Didonato (Supv Cmte) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.eaglecu.org

    Where can I find the form 990 for Eagle Community Credit Union?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Eagle Community Credit Union's impact is profound as it serves a vital role in promoting thrift and savings among its 22,634 members. By providing low-cost deposit and loan accounts, as well as financial services such as savings and checking accounts, Eagle Community Credit Union offers its members a source of credit and financial stability. Through its cooperative structure, the credit union operates for the mutual benefit and general welfare of its members, empowering them to improve their economic and social conditions on a democratic basis. This commitment to member-centric financial services exemplifies Eagle Community Credit Union's dedication to enhancing the well-being of its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Scott Rains

    Main Address

    PO BOX 5196, LAKE FOREST, CA, 92609

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Eagle Community Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.