Overview
What is Downeast Credit Union?
Downeast Credit Union is a financial institution based in Baileyville, Maine. With a team of 102 employees, they are committed to offering financial services to their members. Their offerings include deposit accounts and loans, ensuring access to essential financial resources. The credit union's mission focuses on providing these services, contributing to the financial well-being of their community.
Official website here: www.downeastcu.com
Is Downeast Credit Union legitimate?
Downeast Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Downeast 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: $587,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,368,556
For more financial information, click here
Official website here: www.downeastcu.com
What is the mission statement of Downeast Credit Union?
Downeast Credit Union is committed to offering financial services to its members. This includes managing deposit accounts and extending loans. The organization's primary goal is to help members with their financial needs. Through the provision of various financial services, Downeast Credit Union aims to contribute to the financial well-being of its members. The credit union's activities focus on the procurement of loans and the housing of deposits for the benefit of its members. By offering these financial services, Downeast Credit Union enhances the financial stability and security of its members.
Official website here: www.downeastcu.com
Who is the CEO of Downeast Credit Union?
Joseph Moses is the Director of Downeast Credit Union. The CEO's salary of Downeast Credit Union is $328,807 and their total compensation is $368,813.
Official website here: www.downeastcu.com
What is the revenue of Downeast Credit Union?
Downeast Credit Union's revenue in 2022 was $14,151,528.
Official website here: www.downeastcu.com
Who are the executives of Downeast Credit Union and what are their salaries?
The average compensation at Downeast Credit Union during 2022 was $48,586. There are 102 employees and 7 volunteers at Downeast Credit Union.
Here are 12 key members and their salaries (Downeast Credit Union's CEO's salary is $328,807 and their total compensation is $368,813):
- Compensation: $7,156
- Related: $0
- Other: $0
- Compensation: $7,156
- Related: $0
- Other: $0
- Compensation: $7,156
- Related: $0
- Other: $0
- Compensation: $7,156
- Related: $0
- Other: $0
- Compensation: $7,156
- Related: $0
- Other: $0
- Compensation: $328,807
- Related: $0
- Other: $40,006
- Compensation: $184,182
- Related: $0
- Other: $30,816
- Compensation: $184,367
- Related: $0
- Other: $22,289
- Compensation: $154,245
- Related: $0
- Other: $22,506
- Compensation: $161,205
- Related: $0
- Other: $13,115
- Compensation: $141,623
- Related: $0
- Other: $14,470
- Compensation: $134,387
- Related: $0
- Other: $9,366
Official website here: www.downeastcu.com
Where can I find the form 990 for Downeast Credit Union?
Downeast Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downeastcu.com
Learn more at the official website: www.downeastcu.com
Mission Statement of Downeast Credit Union
Downeast Credit Union is committed to delivering financial services to its members. The organization's mission is centered around extending loans and housing deposits for its member base. In simpler terms, Downeast Credit Union aims to cater to the financial needs of its members by offering deposit accounts and facilitating loans.
The credit union's operations encompass the essential function of procuring financial services for its members. By providing access to these services, Downeast Credit Union plays a pivotal role in enhancing the financial well-being of its community. The organization's dedication to its members is evident in its commitment to offering a wide range of financial solutions to meet diverse needs.
The Downeast Credit Union team works tirelessly to ensure each member receives personalized attention and tailored financial solutions. By focusing on the needs of its members, the credit union fosters a strong sense of community and trust, making it an invaluable resource for its clientele.
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Impact
August, 2024
Downeast Credit Union's impact lies in providing vital financial services to its members in Baileyville, ME. By offering deposit accounts and loans, the credit union plays a crucial role in supporting the financial well-being of its members. Through the procurement of financial services such as extending loans and housing deposits, Downeast Credit Union helps its members meet their financial needs and goals. This not only enhances the economic stability of individual members but also contributes to the overall financial health of the community.
This information is meant to be a general summary of Downeast 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: $218,383
- Program Service Revenue: $11,867,038
- Gross Receipts: $14,151,528
Assets and Liabilities:
- Total Assets: $269,624,837
- Total Liabilities: $242,272,575
- Net Assets: $27,352,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO MEMBERS
Revenue
$9,486,526
VISA INTERCHANGE - RELATED
Revenue
$1,448,287
SERVICE FEE INCOME - RELATED
Revenue
$932,225
Organization Details
Founding Year
2006
Phone
(800) 427-1223Principal Officer
Joseph Moses
Main Address
PO BOX 130, BAILEYVILLE, ME, 04694
Website
www.downeastcu.comNTEE Category
Code: W60 - Public benefit
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