Gold Credit Union

Organization Overview

Gold Credit Union is located in Allentown, PA. The organization was established in 2010. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Gold Credit Union employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gold Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Gold Credit Union generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GOLD'S MISSION IS TO EMPOWER OUR MEMBERS TO ACHIEVE PERSONAL FINANCIAL SUCCESS, AS THEY DEFINE IT. WE LISTEN INTENTLY, ADVISE EARNESTLY, AND ACT PURPOSEFULLY, ALWAYS WITH OUR MEMBER'S BEST INTERESTS AT HEART. WE DEDICATE OURSELVES TO SERVICE OF THE INDIVIDUAL MEMBER, OF OUR TRUSTED TEAM, AND TO THE COMMUNITY AROUND US.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE 2,653 LOANS TO 8,926 MEMBERS


PROVIDE FINANCIAL SERVICES TO 8,296 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Bartholomew
President & CEO
$240,372
Donna L Fogel
CFO
$159,139
Jennifer Gora
Cco
$96,975
Barrie Forbes
Board Treasurer
$6,385
Daniel J Moffit
Board Secretary
$240
Cary Quarry
Board Chair
$240

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jack Henry & Associates
Data Processing
$344,521
Highmark Blue Shield
Employee Health Insurance
$552,411
Simply It
It Services
$182,301
Cu Members Mortgage
Mortgage Servicing
$152,372
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,971,731
Investment income $417,112
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,388,843

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