Educational Employees Credit Union

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

EIN: 941031345 ✦ Fresno, CA ✦ Designated as a 501(c)(14)

Overview

What is Educational Employees Credit Union?

Educational Employees Credit Union is a cooperative based in Fresno, California, with an address at 2222 WEST SHAW AVENUE. The organization, which employs 663 individuals, is dedicated to promoting thrift and savings among its members. By doing so, it acts as a reliable source of credit for its members, offering various loan products such as vehicle loans, credit cards, and personal lines of credit. As a credit union, Educational Employees Credit Union operates for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage.


Official website here: www.myeecu.org

Is Educational Employees Credit Union legitimate?

Educational Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Educational Employees 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: $3,871,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,213,626

For more financial information, click here


Official website here: www.myeecu.org

What is the mission statement of Educational Employees Credit Union?

The Educational Employees Credit Union is a cooperative established to encourage savings and thrift among its members. Its primary objective is to provide affordable credit and allow members to manage their own money on a democratic basis. The credit union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, and benefits of the credit union are returned to its members as patronage. As a cooperative, the Educational Employees Credit Union aims to enhance the economic and social conditions of its members.


Official website here: www.myeecu.org

Who is the CEO of Educational Employees Credit Union?

Elizabeth Dooley is the Chair of Educational Employees Credit Union. The CEO's salary of Educational Employees Credit Union is $924,370 and their total compensation is $1,367,741.


Official website here: www.myeecu.org

What is the revenue of Educational Employees Credit Union?

Educational Employees Credit Union's revenue in 2022 was $167,213,088.


Official website here: www.myeecu.org

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

The average compensation at Educational Employees Credit Union during 2022 was $46,886. There are 663 employees and 14 volunteers at Educational Employees Credit Union.

Here are 26 key members and their salaries (Educational Employees Credit Union's CEO's salary is $924,370 and their total compensation is $1,367,741):

    Elizabeth Dooley (Ceo)
  • Compensation: $924,370
  • Related: $0
  • Other: $443,371

    • Mark Perez (Clo)
  • Compensation: $430,715
  • Related: $0
  • Other: $76,228

    • Beverly Ryan (Cfo)
  • Compensation: $423,933
  • Related: $0
  • Other: $39,561

    • Dick Ashjian (Svp Risk Mgmt)
  • Compensation: $364,432
  • Related: $0
  • Other: $61,152

    • Thomas Gray (Svp Hr & Facilities)
  • Compensation: $366,637
  • Related: $0
  • Other: $57,458

    • Bradley Towers (Financial Rep)
  • Compensation: $371,502
  • Related: $0
  • Other: $30,887

    • Eric Hovda (Svp It)
  • Compensation: $269,588
  • Related: $0
  • Other: $70,699

    • Natalie Tomajan (Coo)
  • Compensation: $239,904
  • Related: $0
  • Other: $42,734

    • Elena Martin (Controller)
  • Compensation: $245,107
  • Related: $0
  • Other: $36,475

    • Denda Matthews (Coo)
  • Compensation: $219,994
  • Related: $0
  • Other: $19,825

    • Walter Franzell (Chair) [Trustee/Director]
  • Compensation: $2,889
  • Related: $0
  • Other: $0

    • William Clark (Supr Cmte Chair) [Trustee/Director]
  • Compensation: $2,730
  • Related: $0
  • Other: $0

    • Rick Browning (Board Member) [Trustee/Director]
  • Compensation: $2,665
  • Related: $0
  • Other: $0

    • Philip Neufeld (Supr Cmte Member) [Trustee/Director]
  • Compensation: $1,828
  • Related: $0
  • Other: $0

    • Derek Scharton (Board Member) [Trustee/Director]
  • Compensation: $1,769
  • Related: $0
  • Other: $0

    • Ali Nekumanesh (Vice Chair) [Trustee/Director]
  • Compensation: $1,607
  • Related: $0
  • Other: $0

    • Dave Roberts (Board Member) [Trustee/Director]
  • Compensation: $451
  • Related: $0
  • Other: $0

    • Mike Snell (Board Member) [Trustee/Director]
  • Compensation: $297
  • Related: $0
  • Other: $0

    • Thomas Borchardt (Supr Cmte Member (Emeritus)) [Trustee/Director]
  • Compensation: $264
  • Related: $0
  • Other: $0

    • Brad Stevens (Supr Cmte Secretary) [Trustee/Director]
  • Compensation: $222
  • Related: $0
  • Other: $0

    • Saeng Bunsy (Supr Cmte Member) [Trustee/Director]
  • Compensation: $184
  • Related: $0
  • Other: $0

    • Lisa Cutts (Treasurer) [Trustee/Director]
  • Compensation: $159
  • Related: $0
  • Other: $0

    • Cleo Bauer (Secretary) [Trustee/Director]
  • Compensation: $159
  • Related: $0
  • Other: $0

    • Barbara Thomas (Board Member (Emeritus)) [Trustee/Director]
  • Compensation: $159
  • Related: $0
  • Other: $0

    • Paul Hokokian (Board Member (Emeritus)) [Trustee/Director]
  • Compensation: $159
  • Related: $0
  • Other: $0

    • Kathryn Ortega-Jones (Supr Cmte Member) [Trustee/Director]
  • Compensation: $159
  • Related: $0
  • Other: $0


  • Official website here: www.myeecu.org

    Where can I find the form 990 for Educational Employees Credit Union?

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


    Official website here: www.myeecu.org

    Learn more at the official website: www.myeecu.org

    Mission Statement of Educational Employees Credit Union

    Educational Employees Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. Established with the primary objective of providing an affordable source of credit, the Credit Union sets interest rates based on the board's decisions. It offers its members the unique opportunity to control and manage their own funds, empowering them to enhance their economic and social conditions.

    As a member-owned cooperative, Educational Employees Credit Union operates with the collective benefit and general welfare of its members in mind. The earnings, savings, and benefits of the Credit Union are distributed back to the members as patrons, fostering a sense of democratic control and mutual support. By promoting thrift and savings, the Credit Union enables its members to save for future needs and invest in their financial well-being.

    Impact

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




    Thursday, August 15, 2024

    Educational Employees Credit Union, based in Fresno, CA, has made a significant impact by promoting thrift and savings among its members. It provides a broad array of consumer loan products, including vehicle loans, credit cards, and personal lines of credit. By offering competitive rates of interest set by its board of directors, the credit union creates a source of credit that benefits its members economically. As a cooperative, Educational Employees Credit Union operates for the mutual benefit of its members, distributing earnings, savings, and services back to them. Its democratic foundation empowers members to use and control their money to improve their economic and social conditions. This commitment to serving the community underpins the credit union's mission of promoting financial well-being and fostering a sense of ownership and empowerment among its members.





    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: $42,446,933
  • Program Service Revenue: $124,766,155
  • Gross Receipts: $167,213,088

    • Assets and Liabilities:
  • Total Assets: $4,593,284,886
  • Total Liabilities: $4,267,856,173
  • Net Assets: $325,428,713
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $64,061,150

    OTHER OPERATING INCOME

    Revenue

    $42,633,340

    FEE INCOME

    Revenue

    $18,071,665

    Organization Details

    Founding Year

    1934

    Principal Officer

    Elizabeth Dooley

    Main Address

    2222 WEST SHAW AVENUE, FRESNO, CA, 93711

    NTEE Category

    Code: W60 - Public benefit

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