Overview
What is Georgia United Credit Union?
Georgia United Credit Union is a not-for-profit financial cooperative established in 1958 to meet the financial needs of its members. Located in Duluth, Georgia, the credit union operates on the principle of encouraging thrift by providing loans at fair rates and returning profits through competitive dividends on savings. Each member owns an equal share, regardless of account balance, and the board of directors is elected by the members. The primary mission of the organization is to generate income from loans to credit union members.
Official website here: www.gucu.org
Is Georgia United Credit Union legitimate?
Georgia United Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Georgia United 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: $5,976,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,295,753
For more financial information, click here
Official website here: www.gucu.org
What is the mission statement of Georgia United Credit Union?
Georgia United Credit Union was established in 1958 as a not-for-profit financial cooperative, designed to cater to the financial requirements of its members. This credit union operates on the principles of encouraging thrift and providing affordable loans, competitive dividends on savings, and fewer maintenance fees. The organization is governed by a board of directors, who are elected by the members. The primary mission of the credit union is to generate income from interest on loans given to its members, at market rates. Georgia United Credit Union functions with the goal of promoting financial well-being for its members, by offering fair and reasonable financial services.
Official website here: www.gucu.org
Who is the CEO of Georgia United Credit Union?
Robert Bogart is the Chairman of Georgia United Credit Union. The CEO's salary of Georgia United Credit Union is $533,311 and their total compensation is $580,980.
Official website here: www.gucu.org
What is the revenue of Georgia United Credit Union?
Who are the executives of Georgia United Credit Union and what are their salaries?
The average compensation at Georgia United Credit Union during 2022 was $65,294. There are 433 employees and 11 volunteers at Georgia United Credit Union.
Here are 23 key members and their salaries (Georgia United Credit Union's CEO's salary is $533,311 and their total compensation is $580,980):
- Debbie Smith (President/Ceo)
- Thomas Bartholomew (Cio)
- Aaron Chestnut (Cmo)
- Robert Bogart (Cfo)
- Laura King (President/Ceo)
- Michael London (Cso)
- Shawn Turpin (Evp)
- Stephanie Walker (Clo)
- Carolina King (Cpo)
- Amanda Whitson (Svp Consumer Lending And Collections)
- Andrew Woodman (Svp Mortgage Lending And Loan Trading)
- Robert Hutchinson (Vp Application Development)
- Sophia Rollins (Vp Compliance And Risk Mgt)
- James Jones (Vp Accounting)
- Thomas Dickson (Chairman) [Trustee/Director]
- Frank Thach (Vice-Chairman) [Trustee/Director]
- Edwin Bell (Secretary) [Trustee/Director]
- David Arner (Director)
- Rev Mark Starr (Treasurer) [Trustee/Director]
- Jason Branch (Director)
- Sandy Burney (Director)
- Cindy Salloum (Director)
- Steve Geddes (Director)
Official website here: www.gucu.org
Where can I find the form 990 for Georgia United Credit Union?
The Georgia United Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.gucu.org
Learn more at the official website: www.gucu.org
Mission Statement of Georgia United Credit Union
Georgia United Credit Union, founded in 1958, is a not-for-profit financial cooperative committed to serving its members' financial needs. As a credit union, it operates on the principle of encouraging thrift by providing loans at fair and reasonable rates and paying competitive dividends on savings products. The credit union is unique as it is owned and controlled by its members, with each member holding an equal share, regardless of account balance.
The mission of Georgia United Credit Union is centered around income generation through loans to its members. It provides loans to its members at market rates, which is a primary focus of the organization. The credit union's leadership is elected by its members, ensuring that the financial interests of the community are prioritized. The organization's mission remains unchanged from its inception, making it a trusted financial partner for its members for over six decades.
Georgia United Credit Union is more than just a financial institution. It is a cooperative, where members come together to meet their financial needs. By offering loans at fair and reasonable rates and competitive dividends on savings, the credit union not only fulfills its mission but also fosters a culture of savings and financial responsibility within its membership. The democratic structure of the credit union, where members have a say in its leadership, adds to its unique appeal and sets it apart from traditional financial institutions.
Impact
This information is meant to be a general summary of Georgia United Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Georgia United Credit Union’s impact is centered around serving its members' financial needs by providing loans at fair and reasonable rates, paying competitive dividends on savings products, and implementing fewer service fees for overall account maintenance. As a not-for-profit financial cooperative, the credit union operates for the benefit of its members, who each own an equal share regardless of their account balance. By operating in this manner, Georgia United Credit Union encourages thrift and financial responsibility among its members while prioritizing their financial well-being.
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.
LOAN INTEREST
Revenue
$57,033,334
OTHER OPERATING INCOME
Revenue
$17,760,152
FEE INCOME
Revenue
$12,649,740
Organization Details
Founding Year
1958
Phone
(770) 476-6487
Principal Officer
Robert Bogart
Main Address
6705 SUGARLOAF PKWY, DULUTH, GA, 30097
Website
www.gucu.org
NTEE Category
Code: W60 - Public benefit
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