Overview
What is Credit Union Trust?
Credit Union Trust is a nonprofit organization that focuses on providing health and welfare benefits to eligible members of the Credit Union Consortium in Indiana and Kentucky. Established as a Multiple Employer Welfare Arrangement (MEWA) under ERISA, its mission is to enable participating employers to offer welfare benefit coverages to their employees and their dependents. Based in Indianapolis, Indiana (ZIP code 46250), the trust's activities primarily revolve around the self-funded health plan for credit unions, expanding its reach to Kentucky credit unions. The trust's purpose is to enhance the well-being of its members by making welfare benefits accessible.
Is Credit Union Trust legitimate?
Credit Union Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Credit Union Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Credit Union Trust?
The Credit Union Trust functions as a Multiple Employer Welfare Arrangement (MEWA) under ERISA section 3(40). Its primary objective is to enable eligible employers within the credit union consortium to offer health and welfare benefits to their employees and their eligible dependents. The Trust is exclusively dedicated to providing health and welfare-related benefits to eligible participants of the consortium health plan. Its mission is to facilitate the provision of these benefits, ensuring that eligible employees have access to essential coverage.
Who is the CEO of Credit Union Trust?
Lori Eltzroth is the President of Credit Union Trust.
What is the revenue of Credit Union Trust?
Credit Union Trust's revenue in 2022 was $49,190,963.
Who are the executives of Credit Union Trust and what are their salaries?
- Lori Eltzroth (President) [Trustee/Director]
- Paul Obermeyer (Vice President) [Trustee/Director]
- Brett Rinker (Secretary/Treasurer) [Trustee/Director]
- Stephanie Baggett (Trustee)
- Becky Anthony (Trustee)
- Katherine Beauchamp (Trustee)
- Jamie Stainbrook (Trustee)
- John Newett (Trustee)
- Dave Shuey (Trustee)
Where can I find the form 990 for Credit Union Trust?
The Credit Union Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Credit Union Trust
Credit Union Trust, a self-funded Multiple Employer Welfare Arrangement (MEWA), is dedicated to enabling eligible employers in the credit union sector to offer health and welfare benefit coverages to their employees and their dependents. The Trust, as defined in Section 3(40) of the Employee Retirement Income Security Act (ERISA), serves the sole purpose of providing health and welfare-related benefits to eligible participants of the Credit Union Consortium Health Plan.
The mission of Credit Union Trust is to facilitate access to essential benefits for the workforce of credit unions. By pooling resources from various employers, the Trust is able to collectively negotiate favorable benefit plans and cost savings. This arrangement not only benefits the employers by reducing the financial burden of providing benefits but also ensures that their employees and their families have access to comprehensive coverage. The Trust's activities are centered around the provision and administration of these welfare benefits, ensuring that eligible participants have access to the coverage they need.
Impact
This information is meant to be a general summary of Credit Union Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Union Trust's impact lies in its provision of much-needed health and welfare benefits to eligible participants of the Credit Union Consortium Health Plan. By serving as a self-funded Multiple Employer Welfare Arrangement (MEWA) for Indiana credit unions, with an expansion into Kentucky approved, the Trust enables eligible employers to offer welfare benefit coverages to their employees and their dependents. This, in turn, contributes to the well-being and financial security of individuals within the credit union community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$48,394,550
COBRA CONTRIBUTIONS
Revenue
$214,637
Organization Details
Founding Year
2013
Phone
(317) 594-5300
Principal Officer
Lori Eltzroth
Main Address
5975 CASTLE CREEK PKWY NORTH 200, INDIANAPOLIS, IN, 46250
NTEE Category
Code: Y40 - Mutual benefit
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