Overview
What is Danbury Cyanamid Employees Credit Union?
Danbury Cyanamid Employees Credit Union was a financial institution that primarily served its members by offering loan and deposit services. Located at 2 Starr Street, Danbury, Connecticut, this credit union was dedicated to providing financial assistance and promoting financial stability. Their mission was to offer loans at reasonable rates, foster thrift, and operate with a cooperative spirit. The credit union ceased operations on September 30, 2020, and merged with Cornerstone Community Credit Union.
Is Danbury Cyanamid Employees Credit Union legitimate?
Danbury Cyanamid Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Danbury Cyanamid Employees 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: $76,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,115
For more financial information, click here
What is the mission statement of Danbury Cyanamid Employees Credit Union?
The Danbury Cyanamid Employees Credit Union's mission was centered around providing financial services and related products to its members. They were committed to offering loans at reasonable rates, encouraging savings, and maintaining financial stability. Their approach was characterized by a cooperative spirit, ensuring they served their members effectively. Unfortunately, the credit union ceased operations on September 30, 2020, merging with Cornerstone Community Credit Union.
Who is the CEO of Danbury Cyanamid Employees Credit Union?
Tammy S Konareski is the Ceo/Treasurer of Danbury Cyanamid Employees Credit Union. The CEO's salary of Danbury Cyanamid Employees Credit Union is $59,934 and their total compensation is $76,454.
What is the revenue of Danbury Cyanamid Employees Credit Union?
Danbury Cyanamid Employees Credit Union's revenue in 2020 was $160,564.
Who are the executives of Danbury Cyanamid Employees Credit Union and what are their salaries?
There 4 volunteers at Danbury Cyanamid Employees Credit Union.
Here are 5 key members and their salaries (Danbury Cyanamid Employees Credit Union's CEO's salary is $59,934 and their total compensation is $76,454):
- Compensation: $59,934
- Related: $0
- Other: $16,520
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Danbury Cyanamid Employees Credit Union?
Danbury Cyanamid Employees Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Danbury Cyanamid Employees Credit Union
Danbury Cyanamid Employees Credit Union is committed to delivering financial services and related products to its members. Their mission is deeply rooted in providing affordable loans, promoting savings, and maintaining financial stability. Operating with a cooperative spirit, the credit union aims to serve its members by offering loan and deposit services in a responsible and member-focused manner. Despite dissolving in September 2020 and merging with Cornerstone Community Credit Union, Danbury Cyanamid Employees Credit Union's mission of providing financial assistance to its members persisted throughout its existence.
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Impact
October, 2024
Danbury Cyanamid Employees Credit Union significantly impacted its members by providing essential financial services, fostering financial stability, and promoting responsible borrowing and thrift. With a mission centered on meeting the needs of its members, the credit union offered a range of loan and deposit services, making financial resources accessible and affordable.
By prioritizing reasonable rates for loans, the credit union enabled members to achieve their financial goals, whether it was purchasing a home, financing education, or managing expenses. This approach not only supported individual financial health but also contributed to a stronger community by promoting economic well-being among its members.
Additionally, the credit union's emphasis on maintaining a cooperative spirit and service-oriented culture fostered a sense of belonging and trust among its members, enhancing the overall experience of financial engagement. Although it dissolved and merged with Cornerstone Community Credit Union in 2020, the legacy of its contributions continues to reflect the positive impact it had on its members and the Danbury community.
This information is meant to be a general summary of Danbury Cyanamid Employees 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 2020.
- Investment Income: $67,841
- Program Service Revenue: $91,317
- Gross Receipts: $160,564
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM LOANS
Revenue
$56,545
OTHER FEES & CHARGES
Revenue
$27,902
OVERDRAFT FEES
Revenue
$6,870
Organization Details
Founding Year
1957
Phone
(203) 778-8677Principal Officer
Tammy S Konareski
Main Address
2 STARR STREET, DANBURY, CT, 06810
NTEE Category
Code: W60 - Public benefit
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