Overview
What is Northwest Hills Credit Union Inc?
Northwest Hills Credit Union Inc, based in Torrington, Connecticut, operates as a state-chartered credit union. Their primary function involves holding deposits and providing loans to their members. With a team of 11 dedicated individuals, this credit union plays a crucial role in the financial well-being of its community members, offering them essential financial services. This nonprofit organization serves as a vital financial partner for its members, fostering financial security and growth.
Official website here: www.nwhcu.com
What do the Facebook reviews say about Northwest Hills Credit Union Inc?
Four reviews have been noted for Northwest Hills Credit Union Inc, though it does not currently have an overall rating. Here’s a summary of the available insights:
There's a positive sentiment surrounding the experiences shared by users. One reviewer specifically highlighted the welcoming atmosphere of the credit union, emphasizing the friendly "hometown feeling" they encountered upon entering the branch. Additionally, Mike Zordan received praise for his assistance in helping members navigate their financial planning, which contributes to the overall satisfaction expressed.
Overall, it seems that Northwest Hills Credit Union Inc has made a favorable impression on its members, creating a sense of community and support in their financial services.
This AI summary has been generated from reviews found on Facebook.
Is Northwest Hills Credit Union Inc legitimate?
Northwest Hills Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northwest Hills 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: $238,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,354
For more financial information, click here
Official website here: www.nwhcu.com
What is the mission statement of Northwest Hills Credit Union Inc?
Northwest Hills Credit Union Inc's primary mission is centered around managing deposits and extending loans to its membership base. As a state-chartered credit union, its purpose is to serve its members financially, offering them a platform for saving and borrowing funds. This institution aims to support its members' financial needs, ensuring they have access to necessary funds when required. By holding deposits and providing loans, Northwest Hills Credit Union Inc plays a crucial role in the financial well-being of its members.
Official website here: www.nwhcu.com
Who is the CEO of Northwest Hills Credit Union Inc?
Paul Rougeot is the Chairman of Northwest Hills Credit Union Inc. The CEO's salary of Northwest Hills Credit Union Inc is $116,974 and their total compensation is $124,071.
Official website here: www.nwhcu.com
What is the revenue of Northwest Hills Credit Union Inc?
Northwest Hills Credit Union Inc's revenue in 2022 was $1,670,222.
Official website here: www.nwhcu.com
Who are the executives of Northwest Hills Credit Union Inc and what are their salaries?
The average compensation at Northwest Hills Credit Union Inc during 2022 was $44,144. There are 11 employees at Northwest Hills Credit Union Inc.
Here are 10 key members and their salaries (Northwest Hills Credit Union Inc's CEO's salary is $116,974 and their total compensation is $124,071):
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- Compensation: $116,974
- Related: $0
- Other: $7,097
- Compensation: $107,526
- Related: $0
- Other: $6,636
Official website here: www.nwhcu.com
Where can I find the form 990 for Northwest Hills Credit Union Inc?
Northwest Hills Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwhcu.com
Learn more at the official website: www.nwhcu.com
Mission Statement of Northwest Hills Credit Union Inc
Northwest Hills Credit Union Inc, as a state-chartered entity, is dedicated to serving its members by holding their deposits securely and providing them with necessary loans. This mission is twofold, with the credit union safeguarding its members' savings and extending financial aid in the form of loans when required. By offering these services, Northwest Hills Credit Union Inc aims to foster financial stability and growth among its members, thereby fulfilling its commitment to its community.
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Impact
October, 2024
Northwest Hills Credit Union Inc plays a significant role in the financial well-being of its members by offering reliable banking services tailored to their needs. By holding deposits and providing loans, the credit union fosters financial stability and accessibility for individuals and families in Torrington, CT. This localized support not only empowers members but also contributes to the community's overall economic health.
The services offered by Northwest Hills help members secure loans for important life events such as purchasing homes, funding education, or managing unexpected expenses. This approach enables individuals to achieve their financial goals, ultimately enhancing their quality of life.
Moreover, as a state-chartered credit union, Northwest Hills is dedicated to serving its members with a focus on their welfare. This commitment ensures that financial products are designed with members' best interests in mind, promoting inclusivity and community engagement. The credit union’s impact extends beyond individual financial assistance; it strengthens community ties and fosters a culture of mutual support and growth.
This information is meant to be a general summary of Northwest Hills 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: $389,057
- Program Service Revenue: $1,281,165
- Gross Receipts: $1,670,222
Assets and Liabilities:
- Total Assets: $41,035,388
- Total Liabilities: $37,898,117
- Net Assets: $3,137,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INT. ON MEMBERS LOANS
Revenue
$821,957
FEES & OTHER OPERATING
Revenue
$459,208
Organization Details
Founding Year
1953
Phone
(860) 496-7326Principal Officer
Paul Rougeot
Main Address
339 NORTH ELM STREET, TORRINGTON, CT, 06790
Website
www.nwhcu.comNTEE Category
Code: W60 - Public benefit
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