Overview
What is First Imperial Credit Union?
First Imperial Credit Union, based in El Centro, California, serves as a cooperative financial institution for its members. Its primary purpose is to foster thrift and savings among its members while offering affordable credit at approved interest rates. The credit union provides various financial services, such as share accounts, certificates of deposit, and retirement savings accounts. Members can also utilize consumer loans, including vehicle loans, personal lines of credit, and credit cards. First Imperial Credit Union actively promotes the use of ATM/debit cards, electronic bill pay, and home banking to enhance its members' financial management. The credit union operates with the aim of improving its members' economic and social conditions, ensuring their collective welfare. With a team of 68 employees, First Imperial Credit Union continues to serve its members in a democratic and beneficial manner.
Official website here: www.ficu.com
What do the Facebook reviews say about First Imperial Credit Union?
86% of 68 reviewers on Facebook recommend First Imperial Credit Union. Here is a summary of their reviews:
Many customers express a strong sense of community and support within the credit union, characterizing it as a welcoming environment akin to being part of a family. The customer service is frequently highlighted as a significant positive aspect, with users appreciating the personalized attention and care they receive.
Overall, the sentiments reflect a high level of satisfaction with the services provided by First Imperial Credit Union, reinforcing its reputation as a trusted financial institution that values its members.
This AI summary has been generated from reviews found on Facebook.
Is First Imperial Credit Union legitimate?
First Imperial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Imperial 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: $558,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,419,234
For more financial information, click here
Official website here: www.ficu.com
What is the mission statement of First Imperial Credit Union?
First Imperial Credit Union is established as a cooperative with the primary purpose of promoting thrift and savings among its members. Its mission is to create a source of credit for its members at approved interest rates, as determined by the board of directors. Furthermore, the credit union provides an opportunity for members to manage their own funds democratically, aiming to improve their economic and social conditions. As a cooperative, First Imperial Credit Union operates for the mutual benefit and general welfare of its members, with any earnings, savings, benefits, or services being distributed back to its members.
Official website here: www.ficu.com
Who is the CEO of First Imperial Credit Union?
Fidel Gonzalez is the Chairperson of First Imperial Credit Union. The CEO's salary of First Imperial Credit Union is $247,233 and their total compensation is $384,504.
Official website here: www.ficu.com
What is the revenue of First Imperial Credit Union?
First Imperial Credit Union's revenue in 2022 was $10,509,894.
Official website here: www.ficu.com
Who are the executives of First Imperial Credit Union and what are their salaries?
The average compensation at First Imperial Credit Union during 2022 was $43,783. There are 68 employees and 10 volunteers at First Imperial Credit Union.
Here are 13 key members and their salaries (First Imperial Credit Union's CEO's salary is $247,233 and their total compensation is $384,504):
- 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: $247,233
- Related: $0
- Other: $137,271
- Compensation: $190,487
- Related: $0
- Other: $19,302
- Compensation: $120,295
- Related: $0
- Other: $12,768
Official website here: www.ficu.com
Where can I find the form 990 for First Imperial Credit Union?
First Imperial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ficu.com
Learn more at the official website: www.ficu.com
Mission Statement of First Imperial Credit Union
First Imperial Credit Union, as a cooperative, is established with the primary objective of promoting thrift and savings among its members. This organization serves a unique purpose, acting as a source of credit for its members at interest rates approved by its board of directors. Beyond just offering financial services, First Imperial Credit Union provides an opportunity for its members to utilize and manage their own money in a democratic manner. This democratic structure is intended to improve the economic and social conditions of its members. In essence, First Imperial Credit Union operates with the mutual benefit and general welfare of its members in mind, distributing its earnings, savings, benefits, or services back to its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
First Imperial Credit Union significantly impacts its members and the community by promoting thrift and savings while providing essential financial services. Located in El Centro, CA, the credit union offers a range of products including share accounts, certificates of deposit, retirement savings accounts, and consumer loans like vehicle loans and credit cards. By facilitating access to these financial services, the credit union helps members take control of their finances, build savings, and achieve their economic goals.
The cooperative structure ensures that the interests of the members are prioritized, allowing them to benefit directly from earnings and services. This democratic approach not only fosters a sense of community but also empowers members to improve their financial well-being and social conditions. Of notable importance is the credit union's active promotion of modern banking conveniences such as ATM/debit cards, electronic bill pay, and home banking, which enhance members' banking experiences and accessibility.
Overall, First Imperial Credit Union's commitment to serving its members reinforces economic stability and growth within the community, making it a vital resource for financial empowerment.
This information is meant to be a general summary of First Imperial 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: $436,756
- Program Service Revenue: $10,073,138
- Gross Receipts: $10,509,894
Assets and Liabilities:
- Total Assets: $184,124,441
- Total Liabilities: $161,924,710
- Net Assets: $22,199,731
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$6,682,696
FEE INCOME
Revenue
$2,564,516
OTHER OPERATING INCOME
Revenue
$825,926
Organization Details
Founding Year
1942
Phone
(760) 352-1540Principal Officer
Fidel Gonzalez
Main Address
1602 W MAIN STREET, EL CENTRO, CA, 92243
Website
www.ficu.comNTEE Category
Code: W60 - Public benefit
If you are a representative of First Imperial 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.