Overview
What is Metropolitan District Employees Credit Union Inc?
Metropolitan District Employees Credit Union Inc is a nonprofit organization committed to safeguarding its members' assets while offering high-quality financial services at reasonable rates. This credit union, with a mission rooted in the Credit Union philosophy, prioritizes the welfare of its member-owners by providing them with essential financial services. By doing so, the Credit Union encourages a spirit of mutual assistance among its members.
Official website here: www.mdecu.org
Is Metropolitan District Employees Credit Union Inc legitimate?
Metropolitan District Employees Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metropolitan District Employees Credit Union Inc 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: $137,886
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,390
For more financial information, click here
Official website here: www.mdecu.org
What is the mission statement of Metropolitan District Employees Credit Union Inc?
Metropolitan District Employees Credit Union Inc's mission is centered around safeguarding its members' assets and providing them with high-quality financial services at reasonable rates. The credit union is committed to upholding the Credit Union philosophy, which emphasizes members assisting one another. Its primary objective is to offer financial services to its member-owners, aiming to benefit them through its offerings.
Official website here: www.mdecu.org
Who is the CEO of Metropolitan District Employees Credit Union Inc?
Karen Viets is the Chairperson of Metropolitan District Employees Credit Union Inc. The CEO's salary of Metropolitan District Employees Credit Union Inc is $132,189 and their total compensation is $137,886.
Official website here: www.mdecu.org
What is the revenue of Metropolitan District Employees Credit Union Inc?
Metropolitan District Employees Credit Union Inc's revenue in 2022 was $943,824.
Official website here: www.mdecu.org
Who are the executives of Metropolitan District Employees Credit Union Inc and what are their salaries?
The average compensation at Metropolitan District Employees Credit Union Inc during 2022 was $53,046. There are 6 employees and 11 volunteers at Metropolitan District Employees Credit Union Inc.
Here are 7 key members and their salaries (Metropolitan District Employees Credit Union Inc's CEO's salary is $132,189 and their total compensation is $137,886):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $132,189
- Related: $0
- Other: $5,697
Official website here: www.mdecu.org
Where can I find the form 990 for Metropolitan District Employees Credit Union Inc?
Metropolitan District Employees Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdecu.org
Learn more at the official website: www.mdecu.org
Mission Statement of Metropolitan District Employees Credit Union Inc
Metropolitan District Employees Credit Union Inc, as a financial institution, is committed to serving its member-owners. Their mission is threefold: firstly, they aim to safeguard the assets of their members, ensuring their financial security. Secondly, they strive to provide high-quality financial services at reasonable rates, with the primary intention of benefiting their members. Lastly, they promote the credit union philosophy, which emphasizes the idea of members helping each other financially. In essence, Metropolitan District Employees Credit Union Inc is dedicated to providing its members with reliable financial services, protecting their assets, and fostering a sense of mutual aid and support among its membership.
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Impact
October, 2024
Metropolitan District Employees Credit Union Inc plays a significant role in the financial well-being of its member owners by offering a range of financial services tailored to their needs. The organization is dedicated to safeguarding and preserving its members' assets while providing quality financial products at equitable rates. This commitment enhances the financial stability of individuals and families within the community, fostering economic empowerment.
By promoting the philosophy of members helping members, the Credit Union creates a supportive environment that encourages collaboration and mutual assistance among its members. This approach not only strengthens community ties but also enhances the overall financial literacy and well-being of those it serves. The Credit Union's operations in Hartford, CT, bolster local economic growth and contribute to the public benefit, ensuring that members have access to the essential financial resources they need to thrive.
This information is meant to be a general summary of Metropolitan District Employees Credit Union Inc. 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: $145,372
- Program Service Revenue: $798,452
- Gross Receipts: $943,824
Assets and Liabilities:
- Total Assets: $30,928,206
- Total Liabilities: $27,318,277
- Net Assets: $3,609,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME ON LOA
Revenue
$632,308
MISC FEES, NSF, ETC
Revenue
$100,031
CHARGE FEES
Revenue
$66,113
Organization Details
Founding Year
1955
Phone
(860) 560-9036Principal Officer
Karen Viets
Main Address
PO BOX 1348, HARTFORD, CT, 06114
Website
www.mdecu.orgNTEE Category
Code: W60 - Public benefit
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