Overview
What is Saco Valley Credit Union?
Saco Valley Credit Union is a member-focused financial institution, established to offer savings and loan services. As of December 31, 2021, the credit union boasts a membership of 8,772 individuals, granting them access to a plethora of affordable and top-notch services. The credit union's mission lies in providing its members with a comprehensive range of financial solutions, ensuring their financial well-being.
Official website here: www.sacovalley.org
Is Saco Valley Credit Union legitimate?
Saco Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Saco Valley Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $378,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,365,273
For more financial information, click here
Official website here: www.sacovalley.org
What is the mission statement of Saco Valley Credit Union?
Saco Valley Credit Union is committed to serving its members by providing them with a range of affordable and high-quality savings and loan services. As of December 31, 2021, the credit union has over 8,700 members who can avail of these services. The credit union's mission is centered around offering its members financial solutions that cater to their needs.
Official website here: www.sacovalley.org
Who is the CEO of Saco Valley Credit Union?
Kevin Partridge is the Treasurer of Saco Valley Credit Union. The CEO's salary of Saco Valley Credit Union is $215,870 and their total compensation is $257,024.
Official website here: www.sacovalley.org
What is the revenue of Saco Valley Credit Union?
Saco Valley Credit Union's revenue in 2022 was $6,289,921.
Official website here: www.sacovalley.org
Who are the executives of Saco Valley Credit Union and what are their salaries?
The average compensation at Saco Valley Credit Union during 2022 was $60,117. There are 29 employees and 7 volunteers at Saco Valley Credit Union.
Here are 10 key members and their salaries (Saco Valley Credit Union's CEO's salary is $215,870 and their total compensation is $257,024):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $215,870
- Related: $0
- Other: $41,154
- Compensation: $115,134
- Related: $0
- Other: $25,130
- Compensation: $103,992
- Related: $0
- Other: $12,226
Official website here: www.sacovalley.org
Where can I find the form 990 for Saco Valley Credit Union?
Saco Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sacovalley.org
Learn more at the official website: www.sacovalley.org
Mission Statement of Saco Valley Credit Union
Saco Valley Credit Union, as a financial institution, is dedicated to serving its members by offering a range of affordable and superior savings and loan services. With a membership of 8,772 individuals as of December 31, 2021, the credit union provides its members with access to these financial services. The credit union's mission is to ensure that its members can benefit from these services, which are known for their affordability and quality.
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Impact
October, 2024
Saco Valley Credit Union plays a significant role in the community by providing essential savings and loan services to its members. By offering a wide variety of low-cost and high-quality financial products, the credit union supports individual financial growth and stability. As of December 31, 2021, it served 8,772 members in Saco, ME, enhancing their ability to manage finances, save for the future, and access credit when needed. This accessibility fosters economic empowerment and contributes to the overall wellbeing of the community.
This information is meant to be a general summary of Saco Valley Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $336,764
- Program Service Revenue: $4,789,402
- Gross Receipts: $6,289,921
Assets and Liabilities:
- Total Assets: $167,112,274
- Total Liabilities: $151,390,308
- Net Assets: $15,721,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$4,789,402
Organization Details
Founding Year
1947
Phone
(207) 282-6169Principal Officer
Kevin Partridge
Main Address
PO BOX 740 312 MAIN ST, SACO, ME, 04072
Website
www.sacovalley.orgNTEE Category
Code: W60 - Public benefit
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