Overview
What is Lancaster Red Rose Credit Union?
Lancaster Red Rose Credit Union is a member-focused organization based on the principles of thrift promotion and affordable credit. With a membership of over 6,150 individuals, the credit union offers various financial services and loans. Its primary mission is to create a reliable source of low-cost credit for its members, thereby promoting financial well-being. In addition to providing loans, Lancaster Red Rose Credit Union also offers financial statements to its members.
Official website here: www.lrrcu.org
Is Lancaster Red Rose Credit Union legitimate?
Lancaster Red Rose Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lancaster Red Rose 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: $117,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $313,694
For more financial information, click here
Official website here: www.lrrcu.org
What is the mission statement of Lancaster Red Rose Credit Union?
Lancaster Red Rose Credit Union is established with a mission to encourage savings among its members and serve as a provider of affordable credit. By organizing and operating in this manner, the credit union aims to create a reliable source of low-cost loans and financial services for its over 6,150 members. The credit union's activities are primarily focused on promoting financial responsibility among its members and providing them with accessible and reasonably priced credit options.
Official website here: www.lrrcu.org
Who is the CEO of Lancaster Red Rose Credit Union?
Kara E Vincent is the Chairman of Lancaster Red Rose Credit Union. The CEO's salary of Lancaster Red Rose Credit Union is $95,000 and their total compensation is $116,340.
Official website here: www.lrrcu.org
What is the revenue of Lancaster Red Rose Credit Union?
Lancaster Red Rose Credit Union's revenue in 2022 was $1,715,820.
Official website here: www.lrrcu.org
Who are the executives of Lancaster Red Rose Credit Union and what are their salaries?
The average compensation at Lancaster Red Rose Credit Union during 2022 was $30,833. There are 14 employees and 5 volunteers at Lancaster Red Rose Credit Union.
Here are 6 key members and their salaries (Lancaster Red Rose Credit Union's CEO's salary is $95,000 and their total compensation is $116,340):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $95,000
- Related: $0
- Other: $21,340
Official website here: www.lrrcu.org
Where can I find the form 990 for Lancaster Red Rose Credit Union?
Lancaster Red Rose Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lrrcu.org
Learn more at the official website: www.lrrcu.org
Mission Statement of Lancaster Red Rose Credit Union
Lancaster Red Rose Credit Union, as an organization, is established with a mission to foster thrift among its members and serve as a reliable source of low-cost credit. This mission is carried out by promoting savings among its members and providing them with affordable loan options. The credit union operates with the aim of benefiting its members financially, offering them various financial services and statements. By doing so, Lancaster Red Rose Credit Union contributes to the financial well-being of its over 6,150 members.
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Impact
October, 2024
Lancaster Red Rose Credit Union plays a significant role in its community by promoting thrift and providing access to low-cost credit. Serving over 6,150 members, it offers a variety of loans and financial services that empower individuals and families to achieve their financial goals. By facilitating responsible borrowing and encouraging savings, the credit union fosters a culture of financial well-being among its members in Leola, PA. This commitment not only supports personal financial health but also contributes positively to the local economy, helping to create a more stable and secure community.
This information is meant to be a general summary of Lancaster Red Rose 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: $652,042
- Program Service Revenue: $1,063,778
- Gross Receipts: $1,715,820
Assets and Liabilities:
- Total Assets: $59,764,850
- Total Liabilities: $54,699,291
- Net Assets: $5,065,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - MEMB
Revenue
$547,890
OTHER OPERATING INCOME
Revenue
$292,975
FEE INCOME
Revenue
$218,961
NON-MEMBER ATM INCOME
Revenue
$3,952
Organization Details
Founding Year
1948
Phone
(717) 295-6685Principal Officer
Kara E Vincent
Main Address
16 E MAIN STREET PO BOX 629, LEOLA, PA, 17540
Website
www.lrrcu.orgNTEE Category
Code: W60 - Public benefit
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