Overview
What is Rhode Island Credit Union?
Rhode Island Credit Union is a local financial institution situated at 160 Francis Street in Providence, Rhode Island (RI, 02903). With a team of 79 dedicated employees, the Credit Union offers financial services exclusively to its members. This nonprofit organization's primary mission involves providing essential financial solutions to enhance its members' financial well-being.
Official website here: www.ricreditunion.org
What are the reviews and ratings of this charity?
Rhode Island Credit Union is not currently rated by Charity Navigator. The absence of a rating does not imply a positive or negative assessment; it reflects the organization's classification as a non-501(c)(3) entity, which excludes it from Charity Navigator’s standard evaluation methodology. Charity Navigator typically rates organizations based on Accountability & Finance and other factors, but these do not apply here.
Due to the lack of 501(c)(3) status, Rhode Island Credit Union cannot be assessed using the traditional methodologies for Impact & Measurement, Culture & Community, or Leadership & Adaptability. As an independent entity, it is outside the typical scope of charity evaluations usually performed on registered nonprofits.
With no user reviews available on GreatNonprofits, community feedback is not documented, which leaves less insight into public sentiment and anecdotal evidence of the organization's operational effectiveness or user satisfaction.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rhode Island Credit Union?
82% of 70 reviewers on Facebook recommend Rhode Island Credit Union. Here is a summary of their reviews:
Many members express deep appreciation for the long-standing relationships built with the credit union, citing exceptional customer service as a standout feature. One reviewer emphasized their positive experiences since 1987, crediting the institution's dedicated staff for their personal success. Specific praise was given to the managerial and customer service teams for their responsiveness and problem-solving skills, leading to a sense of community among members.
Overall, the sentiment is overwhelmingly positive, with members feeling supported and valued by the credit union. The consistent improvements noted by users indicate a commitment to enhancing their services, making it a cherished financial partner in the community.
This AI summary has been generated from reviews found on Facebook.
Is Rhode Island Credit Union legitimate?
Rhode Island Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rhode Island 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: $967,065
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,808,752
For more financial information, click here
Official website here: www.ricreditunion.org
What is the mission statement of Rhode Island Credit Union?
The Rhode Island Credit Union is dedicated to offering financial services to its membership base. Its mission revolves around providing essential financial solutions to individuals who are a part of the Credit Union community. Through this commitment, the institution aims to help its members manage their financial needs effectively. The Credit Union's services extend beyond the basics, ensuring that its members have access to a comprehensive suite of financial tools to meet their various financial objectives. The organization's primary goal is to empower its members by facilitating their financial well-being. With a member-centric approach, the Rhode Island Credit Union fosters financial stability, security, and prosperity for those who trust it with their financial matters.
Official website here: www.ricreditunion.org
Who is the CEO of Rhode Island Credit Union?
David B Suvall is the President/Ceo of Rhode Island Credit Union. The CEO's salary of Rhode Island Credit Union is $236,988 and their total compensation is $273,929.
Official website here: www.ricreditunion.org
What is the revenue of Rhode Island Credit Union?
Rhode Island Credit Union's revenue in 2022 was $16,174,747.
Official website here: www.ricreditunion.org
Who are the executives of Rhode Island Credit Union and what are their salaries?
The average compensation at Rhode Island Credit Union during 2022 was $60,453. There are 79 employees and 8 volunteers at Rhode Island Credit Union.
Here are 15 key members and their salaries (Rhode Island Credit Union's CEO's salary is $236,988 and their total compensation is $273,929):
- Compensation: $236,988
- Related: $0
- Other: $36,941
- Compensation: $179,964
- Related: $0
- Other: $75,967
- Compensation: $136,538
- Related: $0
- Other: $78,931
- Compensation: $138,054
- Related: $0
- Other: $53,683
- Compensation: $126,446
- Related: $0
- Other: $34,310
- Compensation: $20,400
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $17,900
- Related: $0
- Other: $0
- Compensation: $16,600
- Related: $0
- Other: $0
- Compensation: $16,550
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $6,375
- Related: $0
- Other: $0
Official website here: www.ricreditunion.org
Where can I find the form 990 for Rhode Island Credit Union?
Rhode Island Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ricreditunion.org
Learn more at the official website: www.ricreditunion.org
Mission Statement of Rhode Island Credit Union
Rhode Island Credit Union, a financial institution dedicated to its members, is on a mission to deliver essential financial services. This mission is geared towards empowering members to manage their financial needs effectively. The Credit Union's primary goal is to provide a broad range of financial products and services that cater to the diverse requirements of its members.
In the heart of this mission, Rhode Island Credit Union focuses on building strong relationships with its members. By offering personalized financial solutions, the Credit Union aims to help its members achieve financial stability and prosperity. Whether it's through loans, savings accounts, or other financial services, the Credit Union is committed to putting its members first.
Moreover, the Rhode Island Credit Union team is always ready to go the extra mile in ensuring that members have access to the financial tools they need to succeed. Through ongoing education and resources, the Credit Union helps its members make informed financial decisions and navigate the complexities of their financial lives. This member-focused approach is what sets Rhode Island Credit Union apart, making it an invaluable resource for those it serves.
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Impact
October, 2024
Rhode Island Credit Union plays a significant role in promoting financial stability and well-being within its community. By offering a range of financial services tailored to meet the needs of its members, the Credit Union enhances access to essential banking resources in Providence, RI.
The focus on member-driven services enables Rhode Island Credit Union to support local economic growth and empower individuals with the tools they need to manage their finances effectively. This commitment to public benefit fosters a sense of community, ensuring that financial services are not just accessible but also geared towards helping members achieve their goals. Through its activities, the Credit Union strengthens the financial landscape of the region and contributes to the overall prosperity of its members and the community at large.
This information is meant to be a general summary of Rhode Island 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.
- Program Service Revenue: $16,174,747
- Gross Receipts: $16,174,747
Assets and Liabilities:
- Total Assets: $402,123,591
- Total Liabilities: $364,056,906
- Net Assets: $38,066,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Insurance Sales
Revenue
$72,526
Interest Income Loans
Revenue
$10,837,548
Investment Income
Revenue
$1,022,515
Other Service Fees and Income
Revenue
$4,242,158
Organization Details
Founding Year
1946
Phone
(401) 751-7440Principal Officer
David B Suvall
Main Address
160 Francis Street, Providence, RI, 02903
Website
www.ricreditunion.orgNTEE Category
Code: W60 - Public benefit
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