Overview
What is One Credit Union?
One Credit Union is a member-centric financial institution located at 380 River Street, Springfield, VT 05156. Its primary mission is to encourage savings among its members, offering them a chance to accumulate funds, while simultaneously providing them with a reliable source of credit for necessities and productive purposes at a reasonable interest rate. By doing so, the credit union enables its members to utilize and manage their funds for their mutual benefit. With a workforce of 77 employees, One Credit Union is dedicated to providing financial services to its members, ensuring their financial well-being.
Official website here: www.onecu.org
Is One Credit Union legitimate?
One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. One 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: $483,768
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,578,464
For more financial information, click here
Official website here: www.onecu.org
What is the mission statement of One Credit Union?
One Credit Union's mission is centered around promoting thrift among its members. It achieves this by offering them an opportunity to save, establish a source of credit for necessities or productive endeavors, and provide a platform for members to manage their funds for their collective benefit, all at reasonable interest rates. The credit union's purpose is to serve its members by enabling them to accumulate savings, access credit when needed, and have control over their financial resources for mutual advantage.
Official website here: www.onecu.org
Who is the CEO of One Credit Union?
Brett A Smith is the Ceo of One Credit Union. The CEO's salary of One Credit Union is $226,392 and their total compensation is $226,392.
Official website here: www.onecu.org
What is the revenue of One Credit Union?
One Credit Union's revenue in 2022 was $11,338,999.
Official website here: www.onecu.org
Who are the executives of One Credit Union and what are their salaries?
The average compensation at One Credit Union during 2022 was $39,769. There are 77 employees and 13 volunteers at One Credit Union.
Here are 12 key members and their salaries (One Credit Union's CEO's salary is $226,392 and their total compensation is $226,392):
- Compensation: $226,392
- Related: $0
- Other: $0
- Compensation: $149,568
- Related: $0
- Other: $0
- Compensation: $128,243
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.onecu.org
Where can I find the form 990 for One Credit Union?
One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onecu.org
Learn more at the official website: www.onecu.org
Mission Statement of One Credit Union
One Credit Union, as a credit union, is committed to fostering savings among its members. The primary objective of this financial institution is to offer its members an opportunity to accumulate their savings effectively. Additionally, One Credit Union serves as a reliable source of credit for its members, providing loans for provident or productive purposes at reasonable interest rates. Lastly, the credit union provides its members with the power to control and utilize their money collectively for their mutual benefit. This mission of One Credit Union aims to empower its members financially, enabling them to save, borrow, and manage their funds in a responsible and beneficial manner.
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Impact
October, 2024
One Credit Union significantly impacts the financial well-being of its members in Springfield, Vermont, by providing essential financial services that promote thrift and savings. By offering members opportunities to accumulate savings, the credit union fosters a culture of financial responsibility and security.
Additionally, One Credit Union serves as a vital source of credit, enabling members to access funds for provident or productive purposes at reasonable interest rates. This access to credit enhances members' financial capacity, allowing them to invest in personal goals, support their families, and achieve stability.
Ultimately, the credit union empowers its members to take control of their finances, ensuring that their money works for their mutual benefit. Through these services, One Credit Union contributes to the overall economic health of the community, reinforcing the importance of cooperative financial practices.
This information is meant to be a general summary of One 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: $777,628
- Program Service Revenue: $10,561,371
- Gross Receipts: $11,338,999
Assets and Liabilities:
- Total Assets: $245,966,696
- Total Liabilities: $231,717,004
- Net Assets: $14,249,692
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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
$7,597,528
PROGRAM SERVICE FEES
Revenue
$2,963,843
Organization Details
Founding Year
1952
Phone
(802) 886-4228Principal Officer
Brett A Smith
Main Address
380 RIVER STREET, SPRINGFIELD, VT, 05156
Website
www.onecu.orgNTEE Category
Code: W60 - Public benefit
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