Overview
What is Corporate America Credit Union?
Corporate America Credit Union is a cooperative society based in Irondale, Alabama, with a mission to promote thrift among its members and create a source of credit for them at reasonable rates, as stated by the Code of Alabama. Established as an Alabama state-chartered corporate credit union, its primary function is to cater to the liquidity and investment needs of member credit unions, primarily located within Alabama and surrounding states. The credit union serves as a sound financial institution, offering correspondent, investment, and related educational services to its credit union clients, adhering to the credit union philosophy. As of December 31, 2022, Corporate America Credit Union boasts a membership of 523 credit unions and a team of 77 dedicated employees.
Official website here: www.corpam.org
Is Corporate America Credit Union legitimate?
Corporate America Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Corporate America 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: $3,785,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,667,161
For more financial information, click here
Official website here: www.corpam.org
What is the mission statement of Corporate America Credit Union?
Corporate America Credit Union is a cooperative society incorporated to serve as a reliable financial institution for credit unions. Its mission is to provide a sound source of liquidity, correspondent, investment, and related educational services that cater to the financial needs of credit unions in a manner consistent with credit union philosophy. The credit union aims to offer these services to enhance the financial stability and growth of its member credit unions. By acting as a cooperative, Corporate America Credit Union fosters a sense of mutual benefit and solidarity among its members, ultimately contributing to a stronger and more resilient credit union community.
Official website here: www.corpam.org
Who is the CEO of Corporate America Credit Union?
Rachel Dodson is the 1St Vice Chairman of Corporate America Credit Union. The CEO's salary of Corporate America Credit Union is $721,713 and their total compensation is $751,386.
Official website here: www.corpam.org
What is the revenue of Corporate America Credit Union?
Corporate America Credit Union's revenue in 2022 was $74,719,214.
Official website here: www.corpam.org
Who are the executives of Corporate America Credit Union and what are their salaries?
The average compensation at Corporate America Credit Union during 2022 was $122,768. There are 77 employees and 16 volunteers at Corporate America Credit Union.
Here are 24 key members and their salaries (Corporate America Credit Union's CEO's salary is $721,713 and their total compensation is $751,386):
- Paul Pritts (President/Ceo)
- David Filby (Chief Investment Officer)
- Donald Eagen (Chief Technology Officer)
- Lisa Coffey (Chief Innovation Officer)
- Lauren Howle (Chief Strategy Officer)
- Rachel M Dodson (Chief Financial Officer)
- Robert Rudder (Vp Strategic Balance Sheet)
- Michael Kennedy (Vp Electronic Payments)
- Alison Dagnan (Vp Operations)
- Kayla Barnett (Vp Human Resources And Cul)
- Denise Hill (Member Investment Director)
- Gisli Magnusson (Member Advisor Leader)
- Penny Swindle (Risk Officer)
- Joey Hand (1St Vice Chairman) [Trustee/Director]
- Heath Harrell (Director)
- Brad Long (Chairman) [Trustee/Director]
- Steve Nix (Director)
- Blane Mink (Secretary/Treasurer) [Trustee/Director]
- Mark Johnson (Director)
- George Glasser (2Nd Vice Chairman) [Trustee/Director]
- Nancy Kline (Director)
- Kendall Speed (Director)
- Eric Renaud (Director)
- Michael L Miller (Director)
Official website here: www.corpam.org
Where can I find the form 990 for Corporate America Credit Union?
The Corporate America Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.corpam.org
Learn more at the official website: www.corpam.org
Mission Statement of Corporate America Credit Union
Corporate America Credit Union, a cooperative society incorporated, functions as a credit union aimed at serving the financial needs of other credit unions. The organization's mission is geared towards operating as a reliable financial institution, providing various services that align with the credit union philosophy.
In essence, Corporate America Credit Union serves as a valuable resource for credit unions by offering a range of services. These offerings include liquidity, correspondent, investment, and educational services. By doing so, the credit union aims to meet the financial demands of its member credit unions in a manner consistent with the cooperative credit union philosophy. In simpler terms, the credit union acts as a supportive network, offering financial solutions that enable its members to thrive and grow.
The significance of Corporate America Credit Union lies in its mission to provide credit unions with essential services that help them better serve their own members. By offering a sound financial foundation, the credit union empowers its members to meet the diverse financial needs of their communities. In doing so, Corporate America Credit Union contributes to the overall strength and stability of the credit union system.
Impact
This information is meant to be a general summary of Corporate America Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Corporate America Credit Union's impact is significant in the realm of financial services for credit unions primarily located within Alabama and surrounding states. As a cooperative corporate credit union, its establishment serves the twofold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest. By operating as a corporate credit union, Corporate America Credit Union plays a crucial role in meeting member credit unions' liquidity and investment needs while providing essential settlement and financial services. Its membership of 523 credit unions benefits from a sound financial institution that aligns with the credit union philosophy, ensuring that the financial needs of credit unions are met in a manner consistent with cooperative principles.
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.
INTEREST INCOME ON INVESTMENTS
Revenue
$58,793,985
U.S. CENTRAL DISTRIBUTION
Revenue
$10,172,235
FINANCIAL SERVICE FEES
Revenue
$5,540,232
INTEREST INCOME AND FEES
Revenue
$3,352,993
ITEM PROCESSING FEES
Revenue
$1,599,459
Organization Details
Founding Year
1982
Phone
(205) 313-4300
Principal Officer
Rachel Dodson
Main Address
4365 CRESCENT ROAD, IRONDALE, AL, 35210
Website
www.corpam.org
NTEE Category
Code: W60 - Public benefit
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