Overview
What is Community Credit Union Of New Milford In?
Community Credit Union of New Milford, Connecticut, is a member-owned financial cooperative located at 145C Danbury Road, New Milford. With a team of five dedicated individuals, this nonprofit organization provides its members with various financial services, including savings accounts, checking accounts, and loans. The main objective of Community Credit Union of New Milford is to facilitate savings and lending within its community, contributing positively to the financial well-being of its members.
Official website here: www.ccunm.org
Is Community Credit Union Of New Milford In legitimate?
Community Credit Union Of New Milford In is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Credit Union Of New Milford In 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: $67,342
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,529
For more financial information, click here
Official website here: www.ccunm.org
What is the mission statement of Community Credit Union Of New Milford In?
The Community Credit Union of New Milford operates as a member-owned financial cooperative, with its primary mission being to provide savings and borrowing services to its members. This non-profit organization offers various financial products such as savings accounts, checking accounts, and loans to its members, aiming to promote financial well-being within its community. By operating as a cooperative, the Credit Union emphasizes the importance of its members having a collective say in the financial decisions and operations of the organization.
Official website here: www.ccunm.org
Who is the CEO of Community Credit Union Of New Milford In?
John T Kmetz Iii is the Ceo of Community Credit Union Of New Milford In. The CEO's salary of Community Credit Union Of New Milford In is $67,342 and their total compensation is $67,342.
Official website here: www.ccunm.org
What is the revenue of Community Credit Union Of New Milford In?
Community Credit Union Of New Milford In's revenue in 2022 was $596,963.
Official website here: www.ccunm.org
Who are the executives of Community Credit Union Of New Milford In and what are their salaries?
The average compensation at Community Credit Union Of New Milford In during 2022 was $40,374. There are 5 employees at Community Credit Union Of New Milford In.
Here are 8 key members and their salaries (Community Credit Union Of New Milford In's CEO's salary is $67,342 and their total compensation is $67,342):
- Compensation: $67,342
- 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.ccunm.org
Where can I find the form 990 for Community Credit Union Of New Milford In?
Community Credit Union Of New Milford In's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccunm.org
Learn more at the official website: www.ccunm.org
Mission Statement of Community Credit Union Of New Milford In
Community Credit Union of New Milford, as a member-owned financial cooperative, is committed to providing savings and borrowing opportunities for its members. This mission is reflected in its operations, which include offering savings accounts, checking accounts, and loans to its members. The organization's primary goal is to empower its members financially, allowing them to save and borrow as needed. By operating as a cooperative, the credit union ensures that its decisions are made with the best interests of its members at heart, fostering a sense of community and mutual support among its members.
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Impact
October, 2024
Community Credit Union of New Milford In plays a vital role in promoting financial well-being within the community. By offering savings accounts, checking accounts, and loans, the organization empowers members to manage their finances effectively and achieve their financial goals. As a member-owned financial cooperative, it fosters a sense of community and collaboration, allowing individuals to benefit from shared resources and lowering costs compared to traditional banking institutions.
The organization's focus on accessible borrowing options helps residents obtain necessary funds for various needs, enhancing their economic stability and encouraging responsible financial practices. Furthermore, the availability of savings accounts encourages members to save for the future, promoting financial literacy and long-term planning. In summary, Community Credit Union of New Milford In significantly contributes to the financial health and economic empowerment of its members and the broader New Milford community.
This information is meant to be a general summary of Community Credit Union Of New Milford In. 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: $591,065
- Gross Receipts: $596,963
Assets and Liabilities:
- Total Assets: $15,400,164
- Total Liabilities: $14,405,862
- Net Assets: $994,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES - CHARGES/MISC
Revenue
$228,367
INTEREST INCOME FROM INV
Revenue
$86,682
INTEREST INCOME ON LOANS
Revenue
$276,016
Organization Details
Founding Year
1959
Phone
(860) 210-0777Principal Officer
John T Kmetz Iii
Main Address
145C DANBURY ROAD, NEW MILFORD, CT, 06776
Website
www.ccunm.orgNTEE Category
Code: W60 - Public benefit
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