Directors Choice Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141822227 ✦ Albany, NY ✦ Designated as a 501(c)(14)

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Overview

What is Directors Choice Credit Union?

Directors Choice Credit Union is a financially sound organization, with assets of $11.872 million and $9.001 million in loans, operating under state charter in Albany, New York. Established to cater to the funeral directing profession service industry, it serves as an alternative to traditional banks by offering savings and loan services. The credit union is committed to delivering high-quality member services, emphasizing on unique and quality financial solutions tailored to its member base.


Official website here: www.directorschoicecu.com

Is Directors Choice Credit Union legitimate?

Directors Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Directors Choice 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.directorschoicecu.com

What is the mission statement of Directors Choice Credit Union?

Directors Choice Credit Union was established with the mission to offer distinctive, top-notch financial services specifically tailored for the funeral directing profession and its associated industry. Serving as an alternative to conventional banks, the credit union provides fundamental savings and loan services, prioritizing exceptional member service. The organization's primary objective is to cater to the financial needs of its members within the funeral directing profession while maintaining a strong emphasis on customer satisfaction.


Official website here: www.directorschoicecu.com

Who is the CEO of Directors Choice Credit Union?

Michael Lanotte is the Board Member of Directors Choice Credit Union.


Official website here: www.directorschoicecu.com

What is the revenue of Directors Choice Credit Union?

Directors Choice Credit Union's revenue in 2022 was $423,757.


Official website here: www.directorschoicecu.com

Who are the executives of Directors Choice Credit Union and what are their salaries?


Here are 8 key members and their salaries:


David A Parente (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene M Guarino (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lester R Grummons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Kerbein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Waterman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Deitz (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Kilmer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lanotte (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.directorschoicecu.com

Where can I find the form 990 for Directors Choice Credit Union?

Directors Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.directorschoicecu.com

Learn more at the official website: www.directorschoicecu.com

Mission Statement of Directors Choice Credit Union

Directors Choice Credit Union was established with a unique mission to cater to the financial needs of the funeral directing profession service industry. The organization positions itself as an alternative to banks, offering basic savings and loan services with a strong emphasis on exceptional member service. Its primary goal is to provide high-quality financial solutions tailored to the specific needs of its member base within the funeral directing industry.

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Impact




October, 2024

Directors Choice Credit Union plays a significant role in enhancing the financial well-being of the funeral directing profession by offering tailored financial services designed specifically for industry professionals. By providing an alternative to traditional banking, the credit union ensures that members have access to quality savings and loan options that cater to their unique needs.

With over $9 million in loans and $11.872 million in assets, the credit union is well-equipped to support its members’ financial goals. Emphasizing high-quality member service, Directors Choice Credit Union fosters a sense of community among its members, helping them navigate their financial journeys in a supportive environment. This focus not only meets the immediate financial needs of its members but also contributes to the stability and growth of the funeral directing service industry as a whole, reinforcing the credit union's commitment to public benefit and community support.




This information is meant to be a general summary of Directors Choice 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.

Revenue
$423,757 (2022)
Expenses
$273,440 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,176
  • Program Service Revenue: $372,115
  • Gross Receipts: $423,757

Assets and Liabilities:

  • Total Assets: $11,872,621
  • Total Liabilities: $9,816,355
  • Net Assets: $2,056,266

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$372,115

Organization Details

Founding Year

2000

Principal Officer

Michael Lanotte

Main Address

1 SOUTH FAMILY DRIVE, ALBANY, NY, 12205

NTEE Category

Code: W60 - Public benefit

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