Gcs Credit Union

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

EIN: 370646488 ✦ Granite city, IL ✦ Designated as a 501(c)(14)

Overview

What is Gcs Credit Union?

Gcs Credit Union is a nonprofit financial cooperative based in Granite City, Illinois, with a membership of 37,339 individuals. The organization provides cooperative financial services to anyone residing, working, or attending school within the Illinois counties of Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. The mission of Gcs Credit Union is to offer financial services to these communities, including the spouses, blood or adoptive relatives, and their spouses of existing members. The credit union employs a workforce of 146 individuals and offers cooperative financial services to its members.


Official website here: www.mygcscu.com

Is Gcs Credit Union legitimate?

Gcs Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gcs 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: $455,595
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,853,612

For more financial information, click here


Official website here: www.mygcscu.com

What is the mission statement of Gcs Credit Union?

The Gcs Credit Union is committed to extending cooperative financial services to anyone residing, employed, or attending school in the following Illinois counties: Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. The union expands its membership eligibility to not only the primary member but also to their spouse, blood or adoptive relatives, and their spouses. The mission of the Gcs Credit Union is geared towards providing financial services cooperatively to the aforementioned population. The union currently serves 37,339 members.


Official website here: www.mygcscu.com

Who is the CEO of Gcs Credit Union?

Keith Burton is the Chairperson of Gcs Credit Union.


Official website here: www.mygcscu.com

What is the revenue of Gcs Credit Union?

Gcs Credit Union's revenue in 2022 was $20,228,716.


Official website here: www.mygcscu.com

Who are the executives of Gcs Credit Union and what are their salaries?

The average compensation at Gcs Credit Union during 2022 was $36,364. There are 146 employees at Gcs Credit Union.

Here are 15 key members and their salaries:

    Keith Burton (President)
  • Compensation: $240,557
  • Related: $0
  • Other: $21,326

    • Tamara Wofford (Chief Financial Officer)
  • Compensation: $177,867
  • Related: $0
  • Other: $15,835

    • Jim Devine (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Newton (Vice-Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Frantz (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry Stuart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Shipp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Huniak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Jarrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cecil Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Manion (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Smallie (Supervisory Committee) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samuel Akeman (Supervisory Committee) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Lyles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mygcscu.com

    Where can I find the form 990 for Gcs Credit Union?

    The Gcs Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mygcscu.com

    Learn more at the official website: www.mygcscu.com

    Mission Statement of Gcs Credit Union

    GCs Credit Union, a cooperative financial institution, strives to serve anyone residing, working, or attending school within the Illinois counties of Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington, and Randolph. By doing so, the credit union extends its membership eligibility to a wide community.

    In line with its commitment, GCs Credit Union aims to provide comprehensive financial services to its 37,339 members. The credit union's mission is to facilitate financial cooperation among its members by offering a range of services tailored to their unique needs. This inclusive approach ensures that the credit union's services are accessible to a diverse membership base. In addition to a qualified member, their spouse, blood or adoptive relatives, and their spouses are also eligible for membership. This extended eligibility policy underscores the credit union's dedication to fostering financial inclusion within its community.

    Impact

    This information is meant to be a general summary of Gcs Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    GCS Credit Union's impact is evident in its provision of cooperative financial services to over 37,000 members in various Illinois counties. Their inclusive membership criteria allow individuals, their relatives, and spouses to benefit from their services, promoting financial inclusion and stability within the community. By offering a range of financial products and services, GCS Credit Union plays a vital role in empowering individuals to manage their finances effectively and achieve their goals.





    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: $3,596,055
  • Program Service Revenue: $16,202,129
  • Gross Receipts: $22,251,193

    • Assets and Liabilities:
  • Total Assets: $436,616,353
  • Total Liabilities: $403,131,211
  • Net Assets: $33,485,142
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST-MEMBER LOANS

    Revenue

    $11,161,157

    INTERCHANGE FEES

    Revenue

    $2,546,406

    FEES AND CHARGES

    Revenue

    $2,182,023

    CORPORATE CREDIT UNION CAPITAL D

    Revenue

    $312,543

    Organization Details

    Founding Year

    1941

    Principal Officer

    Keith Burton

    Main Address

    3970 MARYVILLE ROAD, GRANITE CITY, IL, 62040

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Gcs 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.