Overview
What is Freudenberg-Nok Employees Credit Union?
Freudenberg-Nok Employees Credit Union is a nonprofit organization dedicated to offering financial assistance to its members. Their primary mission is to provide affordable savings accounts and low-interest loans to its members, aiming to help them manage their finances effectively. While the information provided is limited, it suggests that the credit union is committed to supporting its members financially. The union's activities may include offering various financial services and products to its members to help them save money and access credit when needed.
Is Freudenberg-Nok Employees Credit Union legitimate?
Freudenberg-Nok Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Freudenberg-Nok Employees 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: $54,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freudenberg-Nok Employees Credit Union?
Freudenberg-Nok Employees Credit Union is committed to serving its members by providing them with affordable savings accounts and low-interest loans. Their mission is centered around offering financial solutions that help members manage their finances effectively. The credit union aims to keep loan costs low, thereby providing financial relief to its members. By offering savings accounts, they also encourage their members to save for future needs. Overall, Freudenberg-Nok Employees Credit Union seeks to empower its members financially.
Who is the CEO of Freudenberg-Nok Employees Credit Union?
Melissa Sharpgreatchus is the Principal Officer of Freudenberg-Nok Employees Credit Union.
What is the revenue of Freudenberg-Nok Employees Credit Union?
Freudenberg-Nok Employees Credit Union's revenue in 2022 was $42,317.
Who are the executives of Freudenberg-Nok Employees Credit Union and what are their salaries?
The average compensation at Freudenberg-Nok Employees Credit Union during 2022 was $27,076. There are 2 employees and 8 volunteers at Freudenberg-Nok Employees Credit Union.
Here are 9 key members and their salaries:
- Compensation: $94,966
- Related: $0
- 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: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Freudenberg-Nok Employees Credit Union?
Freudenberg-Nok Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freudenberg-Nok Employees Credit Union
Freudenberg-Nok Employees Credit Union is committed to serving its members by providing them with savings accounts and offering low-interest loans. This nonprofit organization's mission is to ensure that its members have access to affordable financial solutions, enabling them to manage their finances effectively and efficiently. By providing savings accounts, the credit union helps its members accumulate funds for future expenses or emergencies, promoting financial stability. Furthermore, by offering low-interest loans, Freudenberg-Nok Employees Credit Union assists its members in meeting their financial needs, such as purchasing a car, home renovations, or unexpected expenses, without incurring excessive interest charges. Overall, the credit union's mission is to empower its members by providing them with financial tools that help them save and borrow responsibly.
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Impact
October, 2024
Freudenberg-Nok Employees Credit Union provides significant assistance to its members by offering low-cost loans and savings options. This financial institution focuses on helping individuals manage their finances more effectively, promoting economic well-being within the community. By offering lower interest rates on loans, they enable members to access necessary funds without the burden of high repayment costs, which can improve financial stability and reduce stress.
Additionally, their savings accounts encourage individuals to save money, fostering a culture of saving that can lead to greater financial resilience. This community-oriented approach not only benefits individual members but also contributes to the overall economic health of Bristol, NH, by empowering residents to take charge of their financial futures and make informed decisions. The cooperative structure of the credit union ensures that the members' needs always come first, reinforcing its commitment to public benefit.
This information is meant to be a general summary of Freudenberg-Nok Employees 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: $9,713
- Program Service Revenue: $31,980
- Gross Receipts: $42,317
Assets and Liabilities:
- Total Assets: $1,623,586
- Total Liabilities: $1,524,137
- Net Assets: $99,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INC. FROM LOANS
Revenue
$31,980
Organization Details
Founding Year
1956
Phone
(603) 744-1617Principal Officer
Melissa Sharpgreatchus
Main Address
450 PLEASANT ST, BRISTOL, NH, 032223012
NTEE Category
Code: W60 - Public benefit
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