Non-Profit Analysis Paper

In 1950, Sam Walton purchased a store and opened Walton’s 5 & 10 in Bentonville, Arkansas. This later became the home office of the now multi-billion dollar company. As business became more successful, Walton opened more stores and renamed the chain “Wal-mart.” Now, Walmart has stores all around the globe, with 5,229 stores in the US alone. It is considered the largest retail company in the world.

The organization selected for analysis and evaluation is American Lake Credit Union. This organization is composed of two main branches, both located in Tacoma, Washington. In contrast to banks, Credit Unions are smaller organizations and are directed by members who are selected via a vote to serve in an all-volunteer board of directors for the organization (Scott, and Johnston, p.2, 2011). Specifically, this credit union was founded in 1948 and has grown since then. (C. Fitzer, personal communication April 7, 2014). For instance, although the organization is small in size through a partnership with a credit union network, it is able to provide general financial services at diverse locations

User Submissions. All information submitted to Credit Union via this site shall be deemed and remain the property of ABC Credit Union and Credit Union shall be free to use, for any purpose, any ideas, concepts, know-how or techniques contained in information you provide to this site. ABC

Navy Federal Credit Union is the world’s largest credit union that serves the military and their families. Navy Federal Credit Union is non-profit organization that offer competitive packages to their employees and customers. Navy Federal has a peer 2 peer recognition programs that encourages employees to tell their co-workers how great they are by giving them a virtual “first bump (Fortune, 2016). Navy federal dedicate their services to members, and families that serve in the military. They offer a variety of variety of packages and incentives to satisfy their employees. They promote innovation by providing onsite health benefits, family care programs, compensation programs, and community involvement.

The scope and objective for our product is to increase new customer accounts by 25% each quarter, improve retention rate, and focus on the Texas Tech community and its economic impact by partnering up with Texas Tech Credit Union. One of our goals is to increase new customer accounts; to continually attract new customers to the physical branch locations or by the use of the mobile banking app. Another goal is to strive to retain current loyalty customers, to maintain incoming revenue. Texas Tech University has a great economic impact and has a major influence in the Lubbock area and its surrounding counties. To encourage the great community efforts would mean evaluating the economic impact Texas Tech Federal Credit Union

Vancity is a great type of financial institution but also differs from other institutions, it lends money to those who cannot get help from other financial institutions. It is a credit union that provides service to over 500,000 members that has over $17.1 billion in assets. The company focuses more on their customers rather than the revenue. Vancity has to differ themselves from other company’s, they had to make a unique approach on things in which they needed to be on top of their game. Vancity had to see what their competitors had to offer and see where they can offer better service to the community. To start off Vancity has a competitive advantage with their flexibility; they find different approaches to their service and product to satisfy

Even though credit unions are like banks, Municipal Credit Union provides a safe place to save and borrow money at reasonable rates. Credit Union members are considered as owners regardless of how much money they have on deposit and will always have a vote in electing board members, unlike commercial banks. They also operate to promote the wellbeing of their members. For example, profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates, and lower loan rates. In conclusion, many of the financial institutions today such as commercial banks and credit unions offer many of the same types of services and

The purpose of this document is to show the security plan and layout of the Sappers Credit Union. The purpose of the credit union is to promote thrift and provide credit to members. The primary purpose in ensuring their goal of service is to encourage members to save money as well as offer loans to members.

Many people often compare credit unions to banks, but they are surprisingly different in a multitude of ways. Founded on the principle of people helping people, a credit union serves the same purposes as most banks, providing services including opening an account, making a deposit, and providing loans. Nevertheless, the main difference between credit unions and banks is that credit unions are run by their members. Each member essentially “owns” a part of the credit union once they open an account and make a deposit. They then have a say in how it runs and they elect members for a board that manages and operates the credit union. However, most credit unions are not open and accessible to all people. A person can be affiliated with a credit union

Nonprofit Organizations The purpose of this research is to define nonprofit organizations, describe opportunities that are present in nonprofits, outline advantages and disadvantages of working in the nonprofit sector, and explain how you can determine if this is an area for you to consider as a career. WHAT IS THE NONPROFIT SECTOR? "Nonprofit" is a term that the I.R.S. uses to define tax-exempt organizations whose money or "profit" must be used solely to further their charitable or educational mission, rather than distribute profits to owners or shareholders as in the for-profit sector.

I have worked for Redstone Federal Credit Union for the past five years, and do most of my banking at here as well. Redstone Federal Credit Union is the most established and largest credit union in Alabama. We have nearly twenty-five branches spreading through Alabama and Tennessee. Established in 1951, we started out as the financial institution serving the military and their families for Redstone Arsenal here in Huntsville, Alabama. Since then, we have spread our wings and service the military, their families, and most in the surrounding areas. We offer products ranging from savings accounts, money markets, investment opportunities, personal loans, vehicle loans, mortgages, and the list goes on. We pride ourselves on “People helping people”, so we offer a wide range of alternative products as well for those who are not financially stable. In our market, there are several other credit unions, but to be quite honest at the risk of sounding brash, Redstone is the best

Nonprofit organizations have several functions, and not each one is alike. Essential to all non-profit organizations are four functions: planning, budgeting, funding and management.

Financially healthy nonprofits use income-based, rather than budget-based spending which allows them to have income projections that are realistic and helps to determine realistic costs (Zietlow, Seidner, 2014). The most successful nonprofit should have an operating reserve to finance shortfalls and hopefully allows them to have a positive cash flow at the end of the year (Zietlow, Seidner, 2014). However, most nonprofit organizations fight to manage cash flow due to how income and the expenses often may occur at different times, so that there may not be enough cash to pay for the expenses as they become due and payable (Zietlow, Seidner, 2014).

Wal-Mart was founded by businessman Sam Walton in 1962 as a small retail store in Arkansas, USA. From there it has grown to become the largest retail giant in the world. Ranked by Forbes 2000 list for 2011 as the 18th largest public corporation in the world, Wal-Mart is the highest revenue generating public entity in the world as of 31st January 2011, with gross revenue of 422 billion US Dollars (Walmart Annual Report, 2011). It is also noted for being the largest private employer in the world having just over 2 million employees serving in 8500 stores, in 15 different countries, under 55 different names, worldwide. (Daniel, 2010)

Wal-Mart Stores, Inc. (Walmart) is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The Company is headquartered in Bentonville, Arkansas and has been in operation over the last 52 years. Currently, it has expanded to about 27 countries with over 11,000 stores worldwide (Wal-Mart Stores, Inc., 2014d). According to 2014’s Fortune Global 500 listing, Walmart is considered as the world's largest public corporation and ranks as well as the biggest private employer in the world with over two million employees on top of being the largest retailer in the world (Wal-Mart Stores, Inc., 2014a).