Overview
What is Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union, formerly known as Alliance Credit Union, is a cooperative based in San Jose, California, with a mission to encourage savings and lending opportunities among its members. Established at 151 Bernal Road, the credit union provides consumer loans, including for autos, Visa, and personal lines of credit, at rates determined by their board of directors. As a member-owned organization, Excite Credit Union offers its members the chance to control and utilize their own money democratically, ultimately enhancing their economic and social conditions. The credit union, employing 159 individuals, conducts its operations for the mutual benefit and general welfare of its members, with earnings, savings, and services being distributed back to its patrons.
Official website here: www.excitecu.org
Is Excite Credit Union (Fka Alliance Credit Union) legitimate?
Excite Credit Union (Fka Alliance Credit Union) is a legitimate nonprofit organization registered as a 501(c)(14) entity. Excite Credit Union (Fka Alliance 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: $1,772,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,957,089
For more financial information, click here
Official website here: www.excitecu.org
What is the mission statement of Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union is a cooperative, established to encourage saving among its members and create a source of affordable credit for them. The credit union operates based on democratic principles, allowing members to control and use their own money for their economic and social betterment. The earnings, savings, and benefits of the credit union are distributed among its members as patronage. In essence, Excite Credit Union exists to promote thrift, savings, and financial empowerment for its membership. Its primary goal is to enhance the financial well-being of its members through cooperative financial services.
Official website here: www.excitecu.org
Who is the CEO of Excite Credit Union (Fka Alliance Credit Union)?
Brian Dorcy is the Chairperson of Excite Credit Union (Fka Alliance Credit Union). The CEO's salary of Excite Credit Union (Fka Alliance Credit Union) is $397,155 and their total compensation is $438,531.
Official website here: www.excitecu.org
What is the revenue of Excite Credit Union (Fka Alliance Credit Union)?
Excite Credit Union (Fka Alliance Credit Union)'s revenue in 2022 was $32,546,340.
Official website here: www.excitecu.org
Who are the executives of Excite Credit Union (Fka Alliance Credit Union) and what are their salaries?
The average compensation at Excite Credit Union (Fka Alliance Credit Union) during 2022 was $61,193. There are 159 employees and 14 volunteers at Excite Credit Union (Fka Alliance Credit Union).
Here are 21 key members and their salaries (Excite Credit Union (Fka Alliance Credit Union)'s CEO's salary is $397,155 and their total compensation is $438,531):
- Brian Dorcy (Ceo)
- Deborah Sunderman (Executive Vp)
- Monaka Jackson (Sr. Mortgage Loan Originator)
- Kevin Alsup (Svp, Technology Solutions)
- Jackie Howard (Vp, Lending)
- Richard Walter (Svp, Retail Experience)
- Hector Espinoza (Vp, Risk Management)
- Donna Rhody (Chairperson) [Trustee/Director]
- Surya Turaga (Vice Chairperson) [Trustee/Director]
- Ralph Finelli (Board Secretary) [Trustee/Director]
- Alan Hansen (Board Treasurer) [Trustee/Director]
- Barbara Alumbaugh (Board Member) [Trustee/Director]
- Christopher Ekren (Board Member) [Trustee/Director]
- Mark Hanson (Board Member) [Trustee/Director]
- Alan Raby (Board Member) [Trustee/Director]
- Mike Kiernan (Board Member) [Trustee/Director]
- Devin Mcalpine (Supv Cmte Chairperson) [Trustee/Director]
- Laura Golding (Supv Cmte Member) [Trustee/Director]
- Bansal Deepja (Supv Cmte Member) [Trustee/Director]
- Mike Uhri (Supv Cmte Member) [Trustee/Director]
- Kim Campbell (Supv Cmte Member) [Trustee/Director]
Official website here: www.excitecu.org
Where can I find the form 990 for Excite Credit Union (Fka Alliance Credit Union)?
The Excite Credit Union (Fka Alliance Credit Union)’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.excitecu.org
Learn more at the official website: www.excitecu.org
Mission Statement of Excite Credit Union (Fka Alliance Credit Union)
Excite Credit Union, formerly known as Alliance Credit Union, is a cooperative established with the primary objective of fostering thrift and savings among its members. The cooperative serves as a financial institution, offering attractive rates of interest set by its Board of Directors for loans to its members. In essence, it creates a credit source for them. Additionally, it provides an opportunity for members to have control over their own money in a democratic manner, enhancing their economic and social conditions.
Excite Credit Union functions with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to the members as patronage. This model sets it apart as a cooperative, distinguishing it from traditional financial institutions. By conducting its business with this cooperative spirit, it effectively creates a thriving financial ecosystem that benefits all involved.
Impact
This information is meant to be a general summary of Excite Credit Union (Fka Alliance Credit Union). Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Excite Credit Union, formerly known as Alliance Credit Union, has a significant impact on its members by promoting thrift and savings among them. By providing consumer loans such as auto loans, Visa cards, and personal lines of credit, Excite Credit Union plays a crucial role in helping members achieve their financial goals. As a cooperative, the credit union operates for the mutual benefit and general welfare of its members, ensuring that earnings, savings, benefits, or services are distributed back to the members. This model empowers members to control their own finances democratically, thereby improving their economic and social conditions. Excite Credit Union's mission underscores its commitment to enhancing the financial well-being of its members and contributing to their overall prosperity.
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 ON LOANS
Revenue
$19,683,140
OTHER OPERATING INCOME
Revenue
$7,457,428
FEE INCOME
Revenue
$3,031,016
Organization Details
Founding Year
1952
Phone
(408) 265-7322
Principal Officer
Brian Dorcy
Main Address
151 BERNAL ROAD, SAN JOSE, CA, 95119
Website
www.excitecu.org
NTEE Category
Code: W60 - Public benefit
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