Overview
What is Naveo Credit Union?
Naveo Credit Union is a financial institution that primarily serves its members. It manages savings and deposit accounts, offering competitive dividends, and extends loans to its members at favorable interest rates. The credit union is deeply committed to its mission of promoting financial thrift and delivering exceptional service to its members. This community-focused organization operates with the goal of ensuring its members' financial well-being.
Official website here: www.naveo.org
Is Naveo Credit Union legitimate?
Naveo Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Naveo 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: $710,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,769,579
For more financial information, click here
Official website here: www.naveo.org
What is the mission statement of Naveo Credit Union?
Naveo Credit Union, as a member-focused organization, is committed to managing member savings and loan accounts. They offer competitive interest rates and prioritize dividend payments to their members, all while adhering to their mission of member thrift and service. Essentially, their role is to facilitate financial growth and well-being for their membership base.
Official website here: www.naveo.org
Who is the CEO of Naveo Credit Union?
Andrea White is the Chief Executive Officer of Naveo Credit Union. The CEO's salary of Naveo Credit Union is $265,056 and their total compensation is $275,658.
Official website here: www.naveo.org
What is the revenue of Naveo Credit Union?
Naveo Credit Union's revenue in 2022 was $5,538,258.
Official website here: www.naveo.org
Who are the executives of Naveo Credit Union and what are their salaries?
The average compensation at Naveo Credit Union during 2022 was $48,635. There are 51 employees and 11 volunteers at Naveo Credit Union.
Here are 15 key members and their salaries (Naveo Credit Union's CEO's salary is $265,056 and their total compensation is $275,658):
- Compensation: $265,056
- Related: $0
- Other: $10,602
- Compensation: $191,564
- Related: $0
- Other: $7,623
- Compensation: $118,313
- Related: $0
- Other: $4,733
- Compensation: $112,912
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.naveo.org
Where can I find the form 990 for Naveo Credit Union?
Naveo Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naveo.org
Learn more at the official website: www.naveo.org
Mission Statement of Naveo Credit Union
Naveo Credit Union, as a Member Thrift & Service organization, is dedicated to its mission. They manage member share and deposit accounts, offering dividends to their members. Simultaneously, they extend loans to their members at competitive interest rates. This financial institution operates with a commitment to member thrift and service, ensuring that its operations benefit its members financially. By doing so, Naveo Credit Union aims to contribute positively to its members' financial well-being.
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Impact
October, 2024
Naveo Credit Union has a significant impact on its community by promoting member thrift and service in Somerville, MA. Through its member share and deposit accounts, Naveo provides individuals with a secure way to manage their finances while earning dividends. The credit union also supports its members by offering competitive interest rates on loans, enabling them to achieve personal financial goals such as homeownership, education, and other essential needs.
By focusing on cultivating a member-centric approach, Naveo fosters a sense of community and financial empowerment. Its commitment to member service not only helps individuals improve their financial well-being but also contributes to the overall economic stability of the area. The emphasis on providing accessible financial products plays a crucial role in enhancing the quality of life for members and fostering a robust local economy.
This information is meant to be a general summary of Naveo 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: $1,030,819
- Program Service Revenue: $4,507,439
- Gross Receipts: $5,538,258
Assets and Liabilities:
- Total Assets: $168,948,495
- Total Liabilities: $163,130,050
- Net Assets: $5,818,445
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Organization Details
Founding Year
1928
Phone
(617) 702-5128Principal Officer
Andrea White
Main Address
493 Somerville Avenue, Somerville, MA, 021433246
Website
www.naveo.orgNTEE Category
Code: W60 - Public benefit
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