Overview
What is People's Credit Union?
People's Credit Union is a member-owned financial institution based in Middletown, Rhode Island. With a strong commitment to the community, they provide superior services to their members. As of December 31, 2022, they had issued 15,605 loans with an outstanding balance of over $537 million. Established as a state-chartered credit union, their mission is to offer valuable products and services that cater to the needs of both existing and new members. They prioritize convenience and friendliness, ensuring a welcoming and responsive environment for their customers. The team at People's Credit Union maintains their financial strength to instill trust and confidence in their services.
Official website here: www.peoplescu.com
Is People's Credit Union legitimate?
People's Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. People's 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: $976,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,782,909
For more financial information, click here
Official website here: www.peoplescu.com
What is the mission statement of People's Credit Union?
People's Credit Union is dedicated to providing valuable products and services for the advantage of its members. The organization prioritizes offering these offerings in a friendly, welcoming, and responsive environment. To maintain the trust and confidence of its customers, People's Credit Union continually emphasizes its financial strength.
Official website here: www.peoplescu.com
What is the revenue of People's Credit Union?
People's Credit Union's revenue in 2023 was $30,263,370.
Official website here: www.peoplescu.com
Who are the executives of People's Credit Union and what are their salaries?
The average compensation at People's Credit Union during 2023 was $58,785. There are 149 employees at People's Credit Union.
Here are 17 key members and their salaries:
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $12,400
- Related: $0
- Other: $0
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $10,400
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $7,600
- Related: $0
- Other: $0
- Compensation: $7,600
- Related: $0
- Other: $0
- Compensation: $572,017
- Related: $0
- Other: $18,487
- Compensation: $241,219
- Related: $0
- Other: $34,727
- Compensation: $259,269
- Related: $0
- Other: $43,079
- Compensation: $128,183
- Related: $0
- Other: $13,486
- Compensation: $199,721
- Related: $0
- Other: $39,348
- Compensation: $177,696
- Related: $0
- Other: $18,795
- Compensation: $160,263
- Related: $0
- Other: $21,283
Official website here: www.peoplescu.com
Where can I find the form 990 for People's Credit Union?
People's Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peoplescu.com
Learn more at the official website: www.peoplescu.com
Mission Statement of People's Credit Union
People's Credit Union, a state-chartered financial institution, is dedicated to delivering value-added products and services to its members. The organization prioritizes a friendly, welcoming, and responsive environment, ensuring that both existing and prospective members feel valued. In order to maintain trust and confidence, People's Credit Union places great emphasis on its financial strength.
People's Credit Union's primary mission is to provide its members with a wide range of convenient financial solutions. By offering these solutions, the credit union aims to enhance the lives and financial wellbeing of its community. The organization's commitment to its members extends beyond just financial products, as it strives to create a welcoming and responsive atmosphere where members feel comfortable and confident in their financial decisions.
People's Credit Union's focus on financial strength and member satisfaction is a testament to its dedication to its members. By prioritizing these values, the credit union is able to build lasting relationships and trust within its community. The organization's unwavering commitment to its members allows them to stay confident and secure in their financial future.
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Impact
October, 2024
People's Credit Union plays a significant role in strengthening the financial well-being of its community in Middletown, Rhode Island. As a member-owned organization, it focuses on providing superior financial services tailored to meet the needs of its members. With a commitment to delivering value-added products and services, People's has issued a remarkable 15,605 loans, contributing to an outstanding loan balance of $537,669,823 as of December 31, 2022.
This dedication to accessible financial support fosters economic growth and stability within the community. By creating a friendly and responsive environment, People's Credit Union ensures that members receive the attention and service they deserve. Their mission reinforces a focus on promoting financial strength, building trust, and encouraging member engagement, ultimately enhancing the overall public benefit in the region.
This information is meant to be a general summary of People's 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 2023.
- Investment Income: $2,434,269
- Program Service Revenue: $27,829,077
- Gross Receipts: $30,263,410
Assets and Liabilities:
- Total Assets: $687,852,954
- Total Liabilities: $626,760,111
- Net Assets: $61,092,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$22,020,265
Fee & Service Income
Revenue
$5,808,812
Organization Details
Founding Year
1922
Principal Officer
Sean Daly
Website
www.peoplescu.comNTEE Category
Code: W60 - Public benefit
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