NonprofitsGas & Electric Credit Union

Gas & Electric Credit Union

ROCK ISLAND, IL

Total revenue

$6.4M

Total expenses

$6.0M

Net assets

$10.4M

Grants received

EIN

361120219

Tax year

2024

Mission

To encourage thrift among our members, to create a source of credit at a reasonable rate of interest, and to provide the opportunity for our members to use and control their own money in order to improve their economic and social conditions.

Programs

2 programs

We provided checking accounts to 3876 members

0

We provided new mortgage loans or advances to 84 members

0

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$5.3M
Investment income$1.0M
Other revenue$245
Total revenue$6.4M

Expenses

Grants paid
Salaries & benefits$1.7M
Fundraising
Other expenses$4.3M
Total expenses$6.0M
Total assets$121.7M
Net assets$10.4M

People

13 listed

NameRoleCompensation

Daryl E Empen

President and Treasurer

Board

$187K

45 hrs/wk

Brian Beverlin

Vice President

Board

$133K

40 hrs/wk

Thomas A Pearson

Director

Board

1 hrs/wk

Karen K Thode

Director

Board

1 hrs/wk

Joel Vastine

Secretary

Board

1 hrs/wk

Joel Thompson

Director

Board

1 hrs/wk

Mike Smith

Director

Board

1 hrs/wk

Darron Niles

Vice Chairperson

Board

1 hrs/wk

Corbyn Beck

Chairperson

Board

1 hrs/wk

Diana Contreras

Director

Board

1 hrs/wk

Pam Galvin

Director

Board

1 hrs/wk

Jeff Condit

Director

Board

1 hrs/wk

Nick Thompson

Director

Board

1 hrs/wk

Details

EIN361120219
Subsection14
Ruling date1944-10
Formed1935
Employees18
Volunteers11
GAS & ELECTRIC CREDIT UNION — Mission, Financials & Grants Received | Grantivo