Electro Savings Credit Union

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

EIN: 430605018 ✦ St louis, MO ✦ Designated as a 501(c)(14)

Overview

What is Electro Savings Credit Union?

Electro Savings Credit Union is a credit union based in St. Louis, Missouri, with a membership of 21,717 individuals. The mission of this financial institution is to cater to the financial needs of its members in a beneficial manner, offering savings plans, loan programs, and additional services that are fiscally sound, competitive, and innovative, all within the boundaries of good business ethics. With a commitment to professionalism and courtesy, the credit union's staff administers these services and programs, while the board of directors acts selflessly and responsibly in all credit union activities. Electro Savings Credit Union aims to fulfill its members' financial requirements collectively and individually.


Official website here: www.electrosavings.com

Is Electro Savings Credit Union legitimate?

Electro Savings Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Electro Savings 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: $1,035,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,123,726

For more financial information, click here


Official website here: www.electrosavings.com

What is the mission statement of Electro Savings Credit Union?

The Electro Savings Credit Union is dedicated to meeting the financial needs of its members in a manner that benefits them individually and collectively. This commitment is carried out by providing savings plans, loan programs, and other services that are financially sound, competitive, and innovative, while adhering to good and ethical business practices. The credit union staff is expected to administer these services and programs in a professional and courteous manner. The board of directors is responsible for acting unselfishly and responsibly in all credit union activities.


Official website here: www.electrosavings.com

Who is the CEO of Electro Savings Credit Union?

Jim Struble is the Chairperson of Electro Savings Credit Union. The CEO's salary of Electro Savings Credit Union is $245,433 and their total compensation is $293,951.


Official website here: www.electrosavings.com

What is the revenue of Electro Savings Credit Union?

Electro Savings Credit Union's revenue in 2022 was $13,380,765.


Official website here: www.electrosavings.com

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

The average compensation at Electro Savings Credit Union during 2022 was $50,721. There are 82 employees and 16 volunteers at Electro Savings Credit Union.

Here are 14 key members and their salaries (Electro Savings Credit Union's CEO's salary is $245,433 and their total compensation is $293,951):

    Jim Struble (President & Ceo)
  • Compensation: $245,433
  • Related: $0
  • Other: $48,518

    • Ashley Keegan (Vice President - People)
  • Compensation: $180,985
  • Related: $0
  • Other: $11,022

    • Patricia Poe (Vice President - Finance & Lending)
  • Compensation: $163,682
  • Related: $0
  • Other: $22,600

    • Lisa Farnen (Vice President - Brand)
  • Compensation: $158,465
  • Related: $0
  • Other: $25,061

    • William Emerson (Vice President - Ecommerce)
  • Compensation: $147,301
  • Related: $0
  • Other: $32,322

    • James Mullineaux (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wilbon Cooper (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Meglio (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Glenn (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

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

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


  • Official website here: www.electrosavings.com

    Where can I find the form 990 for Electro Savings Credit Union?

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


    Official website here: www.electrosavings.com

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

    Mission Statement of Electro Savings Credit Union

    Electro Savings Credit Union, a financial institution dedicated to its members, aims to fulfill their financial needs in a manner that benefits them individually and collectively. This mission is carried out by providing savings plans, loan programs, and other services that are financially sound, competitive, and innovative, all while adhering to good and ethical business practices. The dedicated staff of Electro Savings Credit Union administer these offerings in a professional and courteous manner. The selfless and responsible Board of Directors oversee all credit union activities, ensuring that the needs and interests of the members are at the forefront. By focusing on the unique financial requirements of its members, Electro Savings Credit Union sets itself apart, offering solutions tailored to the needs of each individual. Through these efforts, the credit union fosters financial stability and growth for its members.

    Impact

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




    Thursday, August 15, 2024

    Electro Savings Credit Union has a significant impact by providing financial and financially related services to over 21,717 members. They fulfill their mission of meeting members' financial needs in a beneficial manner by offering savings plans, loan programs, and other services that are fiscally sound, competitive, and innovative. Their commitment to good and ethical business practices is reflected in the professional and courteous administration of services by their staff and the responsible actions of their Board of Directors. This impact helps improve the financial well-being of their members individually and collectively.





    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: $257,246
  • Program Service Revenue: $13,067,145
  • Gross Receipts: $13,380,765

    • Assets and Liabilities:
  • Total Assets: $222,732,123
  • Total Liabilities: $208,357,450
  • Net Assets: $14,374,673
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $9,552,439

    FEES & OTHER INCOME

    Revenue

    $3,500,066

    WARRANTY SALES

    Revenue

    $14,640

    Organization Details

    Founding Year

    1941

    Principal Officer

    Jim Struble

    Main Address

    1805 CRAIGSHIRE ROAD, ST LOUIS, MO, 631464013

    NTEE Category

    Code: Z99 - Unknown

    If you are a representative of Electro Savings 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.