Northeast Schools And Hospital Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030259968 ✦ Newport, VT ✦ Designated as a 501(c)(14)

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Overview

What is Northeast Schools And Hospital Credit Union?

Northeast Schools and Hospital Credit Union is a nonprofit financial institution, situated at 189 E MAIN ST STE C, Newport, VT 05855. This credit union's primary purpose is to offer financial services to its members. It provides affordable loan options and attractive interest rates on deposits. With a small workforce of five dedicated individuals, the credit union caters to the financial needs of its members, ensuring they have access to essential financial tools.


Official website here: www.nshcu.virtualcu.net

Is Northeast Schools And Hospital Credit Union legitimate?

Northeast Schools And Hospital Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northeast Schools And Hospital 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: $61,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,287

For more financial information, click here


Official website here: www.nshcu.virtualcu.net

What is the mission statement of Northeast Schools And Hospital Credit Union?

The Northeast Schools and Hospital Credit Union is committed to providing financial services to its members. This includes offering affordable loan rates and attractive interest rates on deposits. The credit union's mission is to serve its members effectively, ensuring they have access to financial resources that cater to their needs. By offering loans at affordable rates, the credit union aims to help its members manage their financial obligations more easily. Additionally, the attractive interest rates on deposits encourage members to save more, thereby fostering financial stability. The credit union's mission is centered around providing financial services that contribute to the financial well-being of its members.


Official website here: www.nshcu.virtualcu.net

Who is the CEO of Northeast Schools And Hospital Credit Union?

Linn Elko is the Treasurer of Northeast Schools And Hospital Credit Union.


Official website here: www.nshcu.virtualcu.net

What is the revenue of Northeast Schools And Hospital Credit Union?

Northeast Schools And Hospital Credit Union's revenue in 2022 was $221,955.


Official website here: www.nshcu.virtualcu.net

Who are the executives of Northeast Schools And Hospital Credit Union and what are their salaries?

The average compensation at Northeast Schools And Hospital Credit Union during 2022 was $25,491. There are 5 employees at Northeast Schools And Hospital Credit Union.


Here are 7 key members and their salaries:


Linn Elko (Treasurer)
  • Compensation: $61,166
  • Related: $0
  • Other: $0
Patricia Clark (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Fraize (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Grimm (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Mengel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Pare (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Lee Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nshcu.virtualcu.net

Where can I find the form 990 for Northeast Schools And Hospital Credit Union?

Northeast Schools And Hospital Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nshcu.virtualcu.net

Learn more at the official website: www.nshcu.virtualcu.net

Mission Statement of Northeast Schools And Hospital Credit Union

Northeast Schools and Hospital Credit Union, as a financial institution, is committed to providing its members with a range of financial services. At the heart of its mission, the credit union offers affordable loan options and attractive interest rates on deposits. This mission is geared towards empowering its members, ensuring they have access to financial resources that cater to their needs effectively. The credit union's operations are centered around the principle of serving its members, providing them with the financial tools they need to manage their finances efficiently.

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Impact




October, 2024

Northeast Schools and Hospital Credit Union significantly impacts its community by delivering essential financial services tailored to the needs of its members. By offering loans at affordable rates, the credit union empowers individuals and families to access necessary funds for education, healthcare, and other important life events without the burden of excessive interest payments. Additionally, the credit union provides attractive rates on deposits, encouraging members to save and invest in their financial future. Located in Newport, VT, it serves the local community by fostering financial literacy, stability, and growth, ultimately contributing to the economic well-being of its members and the broader community.




This information is meant to be a general summary of Northeast Schools And Hospital 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.

Revenue
$221,955 (2022)
Expenses
$223,542 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,022
  • Program Service Revenue: $210,499
  • Gross Receipts: $221,955

Assets and Liabilities:

  • Total Assets: $5,730,427
  • Total Liabilities: $28,995
  • Net Assets: $5,701,432

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$173,079

SHARE DRAFT FEES

Revenue

$27,815

LATE LOAN FEES

Revenue

$5,130

PROGRAM SERVICES

Revenue

$4,475

Organization Details

Founding Year

1969

Principal Officer

Linn Elko

Main Address

189 E MAIN ST STE C, NEWPORT, VT, 05855

NTEE Category

Code: Z99 - Unknown

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