Overview
What is Soundview Financial Credit Union?
Soundview Financial Credit Union is a financial institution situated in Bethel, Connecticut, dedicated to catering to its members' financial needs. The credit union offers various loan options such as home equity, second mortgages, auto, and personal loans, along with Visa credit cards. Their savings services include a variety of choices, including CDs, money market accounts, regular share, checking, and club savings options. Members also have access to ATMs and home banking capabilities for added convenience. The credit union's mission is to provide top-notch consumer financial services, prioritizing customer satisfaction, high-quality service, comprehensive delivery, and the stability of the credit union. With a team of 9 employees, Soundview Financial Credit Union strives to exceed its members' expectations.
Official website here: www.soundviewfcu.org
What do the Facebook reviews say about Soundview Financial Credit Union?
100% of reviewers on Facebook recommend Soundview Financial Credit Union, with a perfect score based on 10 reviews. Here’s a summary of their sentiments:
The general feedback highlights an overwhelmingly positive experience with the credit union. Many reviewers express appreciation for the helpfulness and kindness of the staff. Users note how responsive the team is to questions and concerns, which creates a welcoming atmosphere for both individuals and families looking to open accounts.
Overall, Soundview Financial Credit Union is viewed favorably by its patrons, with many feeling confident in their choice to bank there, especially for family-oriented financial services.
This AI summary has been generated from reviews found on Facebook.
Is Soundview Financial Credit Union legitimate?
Soundview Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Soundview Financial 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: $276,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,726
For more financial information, click here
Official website here: www.soundviewfcu.org
What is the mission statement of Soundview Financial Credit Union?
Soundview Financial Credit Union's mission is centered around serving its members effectively as a leading provider of consumer financial services. The credit union aims to achieve this by prioritizing customer satisfaction, delivering high-quality service, ensuring full-service delivery, and maintaining financial stability. To fulfill this mission, Soundview Financial Credit Union offers various traditional financial services, including home equity, auto, and personal loans, as well as Visa credit cards. Additionally, the credit union provides a range of savings options, including CDs, money market accounts, and various types of savings accounts. Furthermore, Soundview Financial Credit Union offers convenience through ATM access and home banking capabilities.
Official website here: www.soundviewfcu.org
Who is the CEO of Soundview Financial Credit Union?
Jo-Ann Palladino Palladino is the President of Soundview Financial Credit Union.
Official website here: www.soundviewfcu.org
What is the revenue of Soundview Financial Credit Union?
Soundview Financial Credit Union's revenue in 2022 was $1,675,515.
Official website here: www.soundviewfcu.org
Who are the executives of Soundview Financial Credit Union and what are their salaries?
The average compensation at Soundview Financial Credit Union during 2022 was $74,657. There are 9 employees and 8 volunteers at Soundview Financial Credit Union.
Here are 9 key members and their salaries:
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Official website here: www.soundviewfcu.org
Where can I find the form 990 for Soundview Financial Credit Union?
Soundview Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soundviewfcu.org
Learn more at the official website: www.soundviewfcu.org
Mission Statement of Soundview Financial Credit Union
Soundview Financial Credit Union (SVFCU) is dedicated to serving its members as an exceptional provider of consumer financial services. The credit union strives to fulfill this mission by placing a significant emphasis on customer satisfaction, delivering high-quality service, ensuring full-service delivery, and maintaining credit union stability. By prioritizing these aspects, SVFCU aims to stand out as a top choice for its members' financial needs.
In practice, SVFCU offers a variety of traditional financial services to cater to its members' requirements. These services include providing home equity, second mortgage, auto, and personal loans, as well as Visa credit cards. The credit union also offers a range of savings options, such as CDs, money market accounts, regular share, checking, and club savings accounts, to accommodate different savings preferences. Furthermore, SVFCU provides conveniences like ATM access and home banking capabilities, making financial management more accessible and convenient for its members.
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Impact
October, 2024
Soundview Financial Credit Union (SVFCU) plays a significant role in enhancing the financial well-being of its members in Bethel, CT, by providing a comprehensive range of consumer financial services. With a focus on customer satisfaction and quality service, SVFCU offers various loan options, including home equity, second mortgages, auto loans, and personal loans, resulting in substantial loans outstanding of over $18 million as of the end of 2017.
In addition to loans, members have access to diverse savings options, such as certificates of deposit (CDs), money market accounts, and checking accounts. The credit union also ensures convenience with features like ATM access and home banking, allowing members to manage their finances efficiently.
Overall, SVFCU’s commitment to fulfilling its mission not only supports individual financial needs but also contributes to the overall stability and growth of the community it serves. Through its dedication to providing quality financial services, Soundview Financial Credit Union makes a meaningful impact on the lives of its members, fostering financial empowerment and stability.
This information is meant to be a general summary of Soundview Financial 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.
- Investment Income: $303,319
- Program Service Revenue: $1,372,196
- Gross Receipts: $1,675,515
Assets and Liabilities:
- Total Assets: $43,834,356
- Total Liabilities: $39,110,300
- Net Assets: $4,724,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$911,411
Visa Interchange Income
Revenue
$165,619
In house Fee income
Revenue
$274,977
Commission payment rev
Revenue
$480
Insurance products
Revenue
$19,709
Organization Details
Founding Year
1980
Principal Officer
Jo-Ann Palladino Palladino
Main Address
14 Research Dr, Bethel, CT, 06801
Website
www.soundviewfcu.orgNTEE Category
Code: W60 - Public benefit
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