Overview
What is Allcom Credit Union?
Allcom Credit Union is a member-focused financial institution located beyond explicit details in the provided information. Their primary function involves accepting deposits and granting loans to their members, with rewards provided in the form of dividends on deposit accounts. They extend loan products, including consumer and mortgage loans, to their members and offer debit and credit card services for member purchases. Overall, Allcom Credit Union serves its member community by providing financial services and competitive benefits.
Official website here: www.allcomcu.org
Is Allcom Credit Union legitimate?
Allcom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Allcom 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: $241,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,609
For more financial information, click here
Official website here: www.allcomcu.org
What is the mission statement of Allcom Credit Union?
Allcom Credit Union, as a member-focused institution, primarily accepts deposits and extends loans to its members. The benefits accrued by members come in the form of dividends on their deposit accounts. Essentially, the credit union serves to financially empower its members through these financial services. The focus is on providing consumer and mortgage loan products, along with debit and credit card services, enhancing the purchasing capabilities of its members.
Official website here: www.allcomcu.org
Who is the CEO of Allcom Credit Union?
Laura C Ybarra is the Chairman Of The Board of Allcom Credit Union. The CEO's salary of Allcom Credit Union is $22,451 and their total compensation is $22,451.
Official website here: www.allcomcu.org
What is the revenue of Allcom Credit Union?
Allcom Credit Union's revenue in 2022 was $2,581,253.
Official website here: www.allcomcu.org
Who are the executives of Allcom Credit Union and what are their salaries?
The average compensation at Allcom Credit Union during 2022 was $33,052. There are 25 employees at Allcom Credit Union.
Here are 13 key members and their salaries (Allcom Credit Union's CEO's salary is $22,451 and their total compensation is $22,451):
- Compensation: $2,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,500
- 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
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $22,451
- Related: $0
- Other: $0
- Compensation: $187,281
- Related: $0
- Other: $37,654
Official website here: www.allcomcu.org
Where can I find the form 990 for Allcom Credit Union?
Allcom Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.allcomcu.org
Learn more at the official website: www.allcomcu.org
Mission Statement of Allcom Credit Union
Allcom Credit Union, as a financial institution, is dedicated to serving its members by accepting deposits and providing loans. The benefits it offers to its members are not just financial, but also in the form of dividends on deposit accounts. This credit union's mission is to foster financial inclusion and growth among its members, ensuring they have access to necessary financial services. By accepting deposits, Allcom Credit Union provides a secure place for its members to save their money. Conversely, by granting loans, it offers its members the opportunity to fund their various needs, such as consumer and mortgage loans. The dividends paid on deposit accounts serve as a return on investment for the members, encouraging them to save and invest more with the credit union. Overall, Allcom Credit Union's mission is to promote financial well-being and empowerment among its members.
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Impact
October, 2024
Allcom Credit Union plays a significant role in enhancing the financial well-being of its members in Worcester, MA. By accepting deposits and granting loans, it provides essential financial services that empower individuals and families to manage their finances effectively. Members benefit from competitive dividends on their deposit accounts, fostering savings and financial growth.
The credit union offers a range of consumer and mortgage loan products, supporting members in making significant purchases and investments, such as homes and vehicles. Additionally, with debit and credit card services, Allcom Credit Union facilitates everyday transactions, contributing to greater financial accessibility and convenience. Through these services, the credit union promotes community development, encourages responsible financial behaviors, and contributes positively to the local economy.
This information is meant to be a general summary of Allcom 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: $367,824
- Program Service Revenue: $1,715,065
- Gross Receipts: $2,581,253
Assets and Liabilities:
- Total Assets: $79,689,682
- Total Liabilities: $69,214,340
- Net Assets: $10,475,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST LOANS
Revenue
$1,715,065
Organization Details
Founding Year
1922
Phone
(508) 754-9980Principal Officer
Laura C Ybarra
Main Address
36 PARK AVENUE, WORCESTER, MA, 01609
Website
www.allcomcu.orgNTEE Category
Code: W61Z - Public benefit
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