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Filing year 2023

ESSENTIAL CREDIT UNION

Baton Rouge, Louisiana·EIN 72-0719172·501(c)(14)
Total revenue
$25.1M
Total assets
$386.7M
Total expenses
$24.3M
Reported officers
20
Mission

TO PROVIDE A COMMUNITY WITH FINANCIAL SOLUTIONS AND OPTIMAL SERVICE THAT SURPASSES EXPECTATIONS WHILE GIVING BACK TO THE COMMUNITIES IN WHICH WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$416k
$455k
Base
$328k
Bonus
$61k
Other
Benefits
$17k
COO
75th to 90th percentile
$228k
$249k
Base
$188k
Bonus
$18k
Other
Benefits
$15k
CMO
Highest Compensated Employee
Median to 75th percentile
$196k
$213k
Base
$152k
Bonus
$14k
Other
Benefits
$22k
Cao
Highest Compensated Employee
Median to 75th percentile
$180k
$197k
Base
$145k
Bonus
$14k
Other
Benefits
$15k
CTO
Highest Compensated Employee
Median to 75th percentile
$173k
$189k
Base
$151k
Bonus
$14k
Other
Benefits
$1k
CFO
Median to 75th percentile
$160k
$174k
Base
$152k
Bonus
$1k
Other
Benefits
$187
VP of Lending
Board Vice President
Median to 75th percentile
$146k
$160k
VP of Commercial Services
Board Vice President
Median to 75th percentile
$129k
$141k
Board of Director
Board Member
25th percentile to median
$8k
$9k
Board Chair
25th percentile to median
$6k
$7k
Supervisory Committee
Board Member
25th percentile to median
$6k
$7k
Board of Director
Board Member
25th percentile to median
$6k
$6k
Board Treasurer
Median to 75th percentile
$6k
$6k
Supervisory Committee Chair
Board Chair
10th to 25th percentile
$5k
$5k
Board of Director
Board Member
10th to 25th percentile
$4k
$4k
Board of Director
Board Member
10th to 25th percentile
$4k
$4k
Supervisory Committee
Board Member
10th to 25th percentile
$3k
$3k
Board of Director
Board Member
Below 10th percentile
$634
$692

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

FAQ

Common questions about ESSENTIAL CREDIT UNION

What does the Chief Executive Officer of ESSENTIAL CREDIT UNION earn?

In 2023, the Chief Executive Officer of ESSENTIAL CREDIT UNION received $416,471 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ESSENTIAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at ESSENTIAL CREDIT UNION falls in the top 10%.

What are ESSENTIAL CREDIT UNION's revenue and expenses?

In 2023, ESSENTIAL CREDIT UNION reported $25.1M in total revenue and $24.3M in total expenses on its IRS Form 990.

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