Service One Credit Union Inc

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

EIN: 616034178 ✦ Bowling green, KY ✦ Designated as a 501(c)(14)

Overview

What is Service One Credit Union Inc?

Service One Credit Union Inc, based in Bowling Green, Kentucky, functions as a nonprofit financial institution with a mission to understand and cater to the needs of its members and community. With a team of 95 dedicated employees, they provide savings, lending services, and various products to their membership base. Their primary goal is to help members prosper.


Official website here: www.socu.com

Is Service One Credit Union Inc legitimate?

Service One Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Service One Credit Union Inc 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: $1,115,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,395,228

For more financial information, click here


Official website here: www.socu.com

What is the mission statement of Service One Credit Union Inc?

Service One Credit Union Inc is committed to understanding and addressing the financial needs of its members and the community to help them prosper. The mission of the credit union is geared towards meeting the diverse requirements of its members effectively. Service One Credit Union offers savings and lending services and products to cater to the financial needs of its members. Through its offerings, the credit union aims to contribute to the financial well-being and growth of its member base. Additionally, the credit union is dedicated to providing essential financial services that enable its members to reach their financial goals.


Official website here: www.socu.com

Who is the CEO of Service One Credit Union Inc?

Rebecca Stone is the President And Ceo of Service One Credit Union Inc. The CEO's salary of Service One Credit Union Inc is $295,000 and their total compensation is $393,134.


Official website here: www.socu.com

What is the revenue of Service One Credit Union Inc?

Service One Credit Union Inc's revenue in 2022 was $12,679,775.


Official website here: www.socu.com

Who are the executives of Service One Credit Union Inc and what are their salaries?

The average compensation at Service One Credit Union Inc during 2022 was $36,960. There are 95 employees and 13 volunteers at Service One Credit Union Inc.

Here are 14 key members and their salaries (Service One Credit Union Inc's CEO's salary is $295,000 and their total compensation is $393,134):

    Rebecca Stone (President And Ceo)
  • Compensation: $295,000
  • Related: $0
  • Other: $98,134

    • Mark Floyd (Vp Chief Lending Officer)
  • Compensation: $217,361
  • Related: $0
  • Other: $17,625

    • Anthony Sean Moore (Vp Payment Systems)
  • Compensation: $197,597
  • Related: $0
  • Other: $15,090

    • Justin Morris (Evp Chief Financial Office)
  • Compensation: $114,322
  • Related: $0
  • Other: $13,734

    • Michelle Dyer (Svp/Chief Operating Office)
  • Compensation: $106,060
  • Related: $0
  • Other: $19,398

    • Rob Herrington (Svp/Chief Technology Offic)
  • Compensation: $108,656
  • Related: $0
  • Other: $12,589

    • Brad Brown (Vp Enterprise Risk Mgmt)
  • Compensation: $77,000
  • Related: $0
  • Other: $11,718

    • Katherine Mead (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Mccaslin (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard L Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Glaser (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brenda Willoughby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.socu.com

    Where can I find the form 990 for Service One Credit Union Inc?

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


    Official website here: www.socu.com

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

    Mission Statement of Service One Credit Union Inc

    Service One Credit Union Inc, a mission-driven financial institution, is dedicated to comprehending and addressing the financial needs of its members and the community to foster prosperity. By putting its members at the heart of its operations, this credit union goes above and beyond to ensure their monetary wellbeing.

    With a commitment to understanding the unique requirements of its community, Service One Credit Union Inc offers a variety of savings and lending services and products. This approach empowers its members to achieve their financial goals, whether it's saving for a rainy day or securing a loan for an important purchase. By catering to the diverse needs of its membership base, the credit union plays a vital role in strengthening the financial fabric of its community.

    Service One Credit Union Inc's mission extends beyond merely providing financial services. It is deeply rooted in the belief that by helping its members prosper, it contributes to the overall welfare of the community. This focus on mutual success sets the credit union apart from other financial institutions and reinforces its commitment to putting its members first.

    Impact

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




    Thursday, August 15, 2024

    Service One Credit Union Inc's impact is prominently felt in the community through its mission-driven focus on understanding and meeting the needs of its members and the broader public. By providing essential savings and lending services and products, Service One Credit Union plays a vital role in supporting the prosperity and financial well-being of individuals and families in Bowling Green, KY, and beyond. Through its commitment to public benefit, Service One Credit Union contributes positively to the economic empowerment and stability of its members and the community as a whole.





    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: $768,727
  • Program Service Revenue: $8,694,960
  • Gross Receipts: $12,679,775

    • Assets and Liabilities:
  • Total Assets: $282,394,544
  • Total Liabilities: $261,411,601
  • Net Assets: $20,982,943
  • Programs

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

    INTEREST INCOME ON LOANS TO MEMBE

    Revenue

    $8,694,960

    Organization Details

    Founding Year

    1963

    Principal Officer

    Rebecca Stone

    Main Address

    PO BOX 51770, BOWLING GREEN, KY, 421026770

    NTEE Category

    Code: W60 - Public benefit

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