Guardian Credit Union

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

EIN: 630421006 ✦ Montgomery, AL ✦ Designated as a 501(c)(14)

Overview

What is Guardian Credit Union?

Guardian Credit Union is a cooperative society incorporated in Montgomery, Alabama, with the dual objectives of fostering thrift among its members and serving as a legitimate credit source for them. Established as an Alabama state-chartered credit union, Guardian Credit Union caters to a diverse membership, primarily consisting of employees and relatives of the Alabama Army and National Guard, municipal employees from Montgomery, various departments of the Alabama state government, and select employee groups. The credit union's outreach extends to individuals residing in Autauga, Butler, Chilton, Coosa, Covington, Crenshaw, Elmore, Lee, Lowndes, Macon, Montgomery, Pike, Russell, and Tallapoosa counties. With a workforce of 284 employees, Guardian Credit Union had approximately 84,606 members and provided services to them as of December 31, 2022.


Official website here: www.myguardiancu.com

Is Guardian Credit Union legitimate?

Guardian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Guardian 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: $1,217,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,055,420

For more financial information, click here


Official website here: www.myguardiancu.com

What is the mission statement of Guardian Credit Union?

Guardian Credit Union is a cooperative society incorporated with a two-fold purpose: encouraging thrift among its members and creating a legitimate source of credit for them. Established to serve the financial needs of its members, the credit union primarily caters to employees and relatives of the Alabama Army and National Guard, municipal employees of Montgomery, Alabama, and various departments of the State of Alabama. It also extends membership to selected employee groups and individuals residing or working in certain counties. With approximately 84,606 members as of December 31, 2022, Guardian Credit Union aims to provide essential financial services to its expanding membership base.


Official website here: www.myguardiancu.com

Who is the CEO of Guardian Credit Union?

Heath Harrell is the Chairman of Guardian Credit Union. The CEO's salary of Guardian Credit Union is $526,501 and their total compensation is $640,565.


Official website here: www.myguardiancu.com

What is the revenue of Guardian Credit Union?

Guardian Credit Union's revenue in 2022 was $62,110,372.


Official website here: www.myguardiancu.com

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

The average compensation at Guardian Credit Union during 2022 was $57,298. There are 284 employees and 10 volunteers at Guardian Credit Union.

Here are 15 key members and their salaries (Guardian Credit Union's CEO's salary is $526,501 and their total compensation is $640,565):

    Heath Harrell (Ceo)
  • Compensation: $526,501
  • Related: $0
  • Other: $114,064

    • Nikita Mcclain (Cco)
  • Compensation: $239,369
  • Related: $0
  • Other: $84,800

    • Daniel Post (Vp Finance)
  • Compensation: $187,554
  • Related: $0
  • Other: $79,803

    • Joseph Robison (Vp Lending)
  • Compensation: $189,379
  • Related: $0
  • Other: $77,908

    • Scott Rosen (Vp Information Technology)
  • Compensation: $186,131
  • Related: $0
  • Other: $76,770

    • Becky Lee (Cfo)
  • Compensation: $198,922
  • Related: $0
  • Other: $53,433

    • J Lindsey Mcdonald (Vp Human Resources)
  • Compensation: $165,749
  • Related: $0
  • Other: $49,331

    • Lindsey Walters (Vp Branches)
  • Compensation: $160,619
  • Related: $0
  • Other: $44,983

    • Scott Kramer (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Therman Dennis (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Roney (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Henry (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Belcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Pam Newman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.myguardiancu.com

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

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


    Official website here: www.myguardiancu.com

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

    Mission Statement of Guardian Credit Union

    Guardian Credit Union, a cooperative society, is dedicated to two primary objectives: fostering thrift among its members and creating a legitimate source of credit for them. This Alabama-state-chartered credit union caters to a diverse membership base, primarily consisting of employees and relatives of the Alabama Army and National Guard, municipal employees of Montgomery, Alabama, and various departments of the state of Alabama. Additionally, selected employee groups and individuals residing or working in Autauga, Butler, Chilton, Coosa, Covington, Crenshaw, Elmore, Lee, Lowndes, Macon, Montgomery, Pike, Russell, and Tallapoosa counties are eligible to join.

    In operation since December 31, 2022, Guardian Credit Union boasts an impressive membership of approximately 84,606 individuals. As a not-for-profit organization, the credit union's primary goal is to promote financial responsibility and savings among its members. By doing so, it creates a sustainable pool of resources to extend credit to its members at fair and legitimate rates of interest, ultimately empowering them to meet their financial needs and aspirations. The credit union's services extend beyond basic banking, as it aims to foster a thriving community of financially savvy members.

    Impact

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




    Thursday, August 15, 2024

    Guardian Credit Union's impact lies in promoting thrift among its members and creating a source of credit for them at legitimate rates of interest. This cooperative society, operating under the Alabama Banking Code, serves a wide range of individuals, including members and employees of the Alabama Army and National Guard, municipal employees of the City of Montgomery, various state departments, and selected employee groups. Additionally, membership is open to all individuals living in several counties in Alabama.

    As of December 31, 2022, Guardian Credit Union had approximately 84,606 members, providing essential financial services to a large community. By facilitating access to credit and promoting savings, the credit union plays a vital role in improving the financial well-being of its members and the broader community it serves.





    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: $2,545,866
  • Program Service Revenue: $41,727,734
  • Gross Receipts: $99,868,768

    • Assets and Liabilities:
  • Total Assets: $865,286,128
  • Total Liabilities: $794,140,086
  • Net Assets: $71,146,042
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $41,727,734

    Organization Details

    Founding Year

    1958

    Principal Officer

    Heath Harrell

    Main Address

    418 MADISON AVENUE, MONTGOMERY, AL, 36104

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Guardian 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.