Overview
What is Newark Post Office Employees Credit Union?
The Newark Post Office Employees Credit Union is a nonprofit organization situated in Newark, New Jersey. With a small team of eight employees, they specialize in offering financial services to their member-owners. Their primary mission revolves around providing banking and financial solutions, ensuring that their members have access to necessary financial tools and resources. They operate within the legal framework of a credit union, ensuring that profits are reinvested back into the organization to further benefit its members. The organization's main address is PO Box 1570, Newark, NJ, 07101.
Is Newark Post Office Employees Credit Union legitimate?
Newark Post Office Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Newark Post Office 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.
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What is the mission statement of Newark Post Office Employees Credit Union?
The Newark Post Office Employees Credit Union is dedicated to providing financial services to its member-owners. This mission is carried out by offering various financial services to its members, who are primarily associated with the postal service. The credit union aims to serve its members by providing them with financial tools and resources to manage their finances effectively. The credit union's activities are centered around its member-owners, ensuring they have access to essential financial services. It operates on the principle of being owned and controlled by its members, ensuring that the credit union's decisions reflect the needs and interests of its members.
Who is the CEO of Newark Post Office Employees Credit Union?
Cedric Mcpherson is the Vp Of Board of Newark Post Office Employees Credit Union.
What is the revenue of Newark Post Office Employees Credit Union?
Newark Post Office Employees Credit Union's revenue in 2021 was $125,883.
Who are the executives of Newark Post Office Employees Credit Union and what are their salaries?
There are 8 employees at Newark Post Office Employees Credit Union.
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Where can I find the form 990 for Newark Post Office Employees Credit Union?
Newark Post Office Employees Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Newark Post Office Employees Credit Union
The Newark Post Office Employees Credit Union is committed to providing financial services to its member-owners. In essence, this credit union operates with a mission to cater to the financial needs of its membership base, who are primarily employees of the postal service in Newark. By offering various financial services, the credit union aims to improve the financial well-being of its members, thereby contributing to their overall financial stability.
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Impact
October, 2024
Newark Post Office Employees Credit Union plays a vital role in enhancing the financial well-being of its member owners by offering a range of financial services tailored to their needs. Located in Newark, NJ, the credit union focuses on providing accessible banking solutions, including savings accounts, loans, and financial advice, fostering a supportive community for individuals who work within the postal service.
By prioritizing the needs of its members, the credit union helps improve their financial literacy and ensures they have access to affordable financial options. This promotes greater financial stability and empowers members to make informed decisions regarding their finances, ultimately contributing to the economic health of the local community. The cooperative model also encourages a sense of ownership and responsibility among members, which can lead to increased community engagement and support.
This information is meant to be a general summary of Newark Post Office 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 2021.
- Investment Income: $118,648
- Gross Receipts: $125,883
Assets and Liabilities:
- Total Assets: $2,998,490
- Total Liabilities: $1,952,988
- Net Assets: $1,045,502
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Organization Details
Phone
(973) 621-7553Principal Officer
Cedric Mcpherson
Main Address
PO BOX 1570, NEWARK, NJ, 07101
NTEE Category
Code: Z99 - Unknown
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