Amplify Credit Union

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

EIN: 741592875 ✦ Austin, TX ✦ Designated as a 501(c)(14)

Overview

What is Amplify Credit Union?

Amplify Credit Union is a financial institution based in Austin, Texas, with a US address at 3600 W Parmer Lane, ZIP code 78727. The credit union offers various financial services to its members, such as certificates of deposit, share accounts, and checking accounts, which earn interest. Additionally, it provides loans for residential and home equity, autos, businesses, and consumers. Employing 324 individuals, Amplify Credit Union's mission is to enhance the lives of its members and bolster the health of their communities.


Official website here: www.goamplify.com/

Is Amplify Credit Union legitimate?

Amplify Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Amplify 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: $2,716,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,343,330

For more financial information, click here


Official website here: www.goamplify.com/

What is the mission statement of Amplify Credit Union?

Amplify Credit Union is dedicated to enhancing the lives of its members and contributing to the vitality of communities. Through its financial services, the credit union offers savings products such as certificates of deposit and share accounts, providing interest earnings to members. In addition, Amplify Credit Union offers various loan options, including residential and home equity loans, auto loans, business loans, and consumer loans. The credit union extends these financial services not only to its members but also to other financial institutions. The mission of Amplify Credit Union is to improve the lives of its members and strengthen the communities it serves.


Official website here: www.goamplify.com/

Who is the CEO of Amplify Credit Union?

Kendall Garrison is the President - Ceo of Amplify Credit Union. The CEO's salary of Amplify Credit Union is $1,109,498 and their total compensation is $1,132,390.


Official website here: www.goamplify.com/

What is the revenue of Amplify Credit Union?

Amplify Credit Union's revenue in 2022 was $86,404,873.


Official website here: www.goamplify.com/

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

The average compensation at Amplify Credit Union during 2022 was $74,259. There are 324 employees at Amplify Credit Union.

Here are 39 key members and their salaries (Amplify Credit Union's CEO's salary is $1,109,498 and their total compensation is $1,132,390):

    Kendall Garrison (President - Ceo)
  • Compensation: $1,109,498
  • Related: $0
  • Other: $22,892

    • John Orton (Svp - Cfo)
  • Compensation: $499,316
  • Related: $0
  • Other: $16,191

    • Robert Almand (Avp - Third Party Lending)
  • Compensation: $490,039
  • Related: $0
  • Other: $25,291

    • Stacy R Armijo (Svp - Cxo)
  • Compensation: $368,046
  • Related: $0
  • Other: $26,347

    • Alexander B Olmos (Vp - Commercial Loan Offic)
  • Compensation: $366,845
  • Related: $0
  • Other: $19,558

    • Charlotte P Morrison (Scp - Cio)
  • Compensation: $338,523
  • Related: $0
  • Other: $18,983

    • Alan W Hansford (Scvp - Cro)
  • Compensation: $300,776
  • Related: $0
  • Other: $15,963

    • Kendra Eakins (Third Party Lending Account Executive)
  • Compensation: $297,766
  • Related: $0
  • Other: $17,167

    • Jackie York (Vp Accounting & Finance)
  • Compensation: $291,125
  • Related: $0
  • Other: $10,362

    • Kristin N Keller (Vp - Re Lending)
  • Compensation: $276,732
  • Related: $0
  • Other: $18,036

    • Alan Keith Jewells (Vp - Commercial Lending)
  • Compensation: $244,739
  • Related: $0
  • Other: $20,720

    • Alejandro L Cardona (Mortgage Loan Originator)
  • Compensation: $244,619
  • Related: $0
  • Other: $16,513

    • Terry Neil Council (Avp - Retail Production Ma)
  • Compensation: $230,264
  • Related: $0
  • Other: $17,816

    • Jose C San Pedro (Vp - Loan Administration)
  • Compensation: $221,635
  • Related: $0
  • Other: $16,455

    • Daniel Osorio (Vp - Information Technolog)
  • Compensation: $219,533
  • Related: $0
  • Other: $16,542

    • Lisa Larson (Vp - Payments & Ops)
  • Compensation: $210,039
  • Related: $0
  • Other: $18,391

    • Christina Ranft (Vp - Project Mangement)
  • Compensation: $195,880
  • Related: $0
  • Other: $16,419

    • Morgan Courtney (Vp - Retail)
  • Compensation: $193,155
  • Related: $0
  • Other: $10,918

    • Shirley P Sheffield (Vp - Commercial Loan Offic)
  • Compensation: $188,510
  • Related: $0
  • Other: $11,634

    • Rene Flores (Vp - Commercial Loan Offic)
  • Compensation: $187,734
  • Related: $0
  • Other: $11,454

    • Jennifer Sobczyk (Vp - Core Product Mgmt.)
  • Compensation: $184,322
  • Related: $0
  • Other: $13,953

    • Ian Craig (Mortgage Loan Originator)
  • Compensation: $182,367
  • Related: $0
  • Other: $10,256

    • Alma Y Palacios (Avp - Real Estate Operatio)
  • Compensation: $176,201
  • Related: $0
  • Other: $12,320

    • Bruce Melton Smith (Information Security Offic)
  • Compensation: $169,615
  • Related: $0
  • Other: $12,779

    • Brandon Dee Rains (Mortgage Loan Originator)
  • Compensation: $157,604
  • Related: $0
  • Other: $13,941

    • Amanda Beard (Avp - Account Resolution)
  • Compensation: $156,983
  • Related: $0
  • Other: $11,588

    • Sonia Altamirano Chapa (Finance Director)
  • Compensation: $153,331
  • Related: $0
  • Other: $14,965

    • Barbara Canan Santner (Underwriting Manager)
  • Compensation: $166,127
  • Related: $0
  • Other: $1,308

    • David Thibodeaux (Director - Security And Fa)
  • Compensation: $147,817
  • Related: $0
  • Other: $15,573

    • Jazmin Otero (Avp-Retail Banking)
  • Compensation: $144,195
  • Related: $0
  • Other: $13,342

    • Willie Everett (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Joyce J Smith (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allen Jensen (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Sandy Dochen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kendel Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shaku Selvakumar (Advisory Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Veronica V Stidvent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.goamplify.com/

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

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


    Official website here: www.goamplify.com/

    Learn more at the official website: www.goamplify.com/

    Mission Statement of Amplify Credit Union

    Amplify Credit Union, a financial institution dedicated to making a positive impact, seeks to enhance the lives of its members and bolster the resilience of the communities it serves. The mission of Amplify Credit Union is multifaceted; it aims to not only improve the lives of its members but also contribute to the overall strength of the communities it is a part of.

    The credit union offers various financial products and services to its members, including certificates of deposit, share accounts, and checking accounts. Members can earn interest on their savings and time deposits, providing them with a valuable financial resource. In addition, Amplify Credit Union offers an array of loan options to its members, such as residential and home equity loans, auto loans, business loans, and consumer loans. The credit union extends loans to not only its members but also to other financial institutions, demonstrating its commitment to financial assistance and community support.

    Amplify Credit Union's mission extends beyond its financial services. By focusing on the well-being of its members and the strength of the communities it serves, the credit union fosters an environment of growth and improvement. Through its dedication to enhancing lives and fortifying communities, Amplify Credit Union establishes itself as a trusted partner and essential resource for its members.

    Impact

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




    Thursday, August 15, 2024

    Amplify Credit Union's impact can be seen in the improved financial well-being of its members and the overall strength of the communities it serves. By providing a range of financial products and services such as certificates of deposit, share accounts, checking accounts, and various types of loans including residential, auto, business, and consumer loans, Amplify empowers individuals and businesses to achieve their financial goals. This leads to increased economic stability and growth within the community. Additionally, by offering competitive interest rates on savings and time deposits, Amplify ensures that its members can grow their wealth effectively. Through its commitment to improving the lives of its members and supporting community development, Amplify Credit Union plays a significant role in creating a positive impact in Austin, Texas, and beyond.





    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: $5,036,369
  • Program Service Revenue: $81,368,504
  • Gross Receipts: $86,404,873

    • Assets and Liabilities:
  • Total Assets: $1,525,654,462
  • Total Liabilities: $1,414,171,931
  • Net Assets: $111,482,531
  • Programs

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

    LOANS TO MEMBERS

    Revenue

    $45,760,515

    MORTGAGE SERVICING RIGHTS INCOME

    Revenue

    $17,473,391

    FEES AND CHARGES

    Revenue

    $9,847,322

    OTHER INCOME

    Revenue

    $7,386,748

    INTERCHANGE INCOME

    Revenue

    $3,055,427

    Organization Details

    Founding Year

    2017

    Principal Officer

    Kendall Garrison

    Main Address

    3600 W PARMER LANE, AUSTIN, TX, 78727

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Amplify 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.