Gpa Credit Union

The information for Gpa Credit Union is as of the organization's most recent filing in December '21. This organization is located in Garden City, GA. It has been in existence for 20 years, following its founding in 2001.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Gpa Credit Union's NTEE code is W61. The "W" tells us that the organization is classified along with Public & Societal Benefit organizations. The "61" tells us that the organization is a Credit Union. The NTEE describes Credit Unions as cooperative associations that use money deposited by a group of people and lend it out again to people in the same group at favorable interest rates.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(14) organization. The IRS describes these organizations as State-Chartered Credit Unions and Mutual Reserve Funds.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Gpa Credit Union is to provide thrift savings and borrowings to members of an owned cooperative.

Program Areas

Program Area 1: The credit union provided a variety of loan services for its members within the general fund.

Program Area 2: The credit union provided a variety of deposit services for its members.

Organization Staffing

Gpa Credit Union is run by Robert J Cole, who serves as the President. The organization has a small labor force, with only 4 employees. Out of these employees, 1 is paid over $100k per year. Additionally, Gpa Credit Union relies on the support of 7 volunteers.

Board Governance

Gpa Credit Union appears to be well-governed based on the provided information. The organization has 7 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the credibility of the organization's governance. The fact that Gpa Credit Union has not delegated management to an outside firm suggests that the organization maintains direct control over its operations and decision-making processes. This can foster accountability and transparency within the organization. The documentation of board and committee meetings indicates a commitment to record-keeping and transparency. This practice allows for the review and evaluation of decisions made during these meetings, ensuring that they align with the organization's mission and objectives. While Gpa Credit Union does not have a conflict of interest policy or require disclosure of conflicts, the presence of a document retention policy suggests that the organization values proper record-keeping and compliance with legal requirements. Moreover, the substantiation and review of leadership and officer salaries demonstrate a commitment to financial accountability and fairness. This practice ensures that the compensation provided to the organization's leaders is reasonable and justifiable. However, it is worth noting that Gpa Credit Union does not provide copies of the 990 to the board prior to filing. This may limit the board's ability to thoroughly review the organization's financial information before it is submitted, potentially hindering their oversight role. Overall, Gpa Credit Union appears to have a well-governed structure with several positive governance practices in place. However, the organization could benefit from implementing additional policies, such as a conflict of interest policy and a written whistleblower policy, to further enhance transparency and accountability.

Organization Growth

Based on the given information, it can be concluded that Gpa Credit Union, a nonprofit organization, has experienced mixed growth over the given time period. While some revenue sources, such as investment income and other revenue, have increased, program service revenue and total revenue have decreased. Additionally, employee salaries and total expenses have increased. The number of employees and volunteers has remained the same. Therefore, the organization's growth cannot be determined definitively as it has seen both positive and negative changes in various aspects.