Norristown Bell Credit Union

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

EIN: 231381955 ✦ Blue bell, PA ✦ Designated as a 501(c)(14)

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Overview

What is Norristown Bell Credit Union?

The Norristown Bell Credit Union is a member-driven organization, committed to promoting thrift and offering a comprehensive suite of financial services to support its members in managing their financial well-being. This member-owned entity operates with a philosophy of "member helping member," striving to maintain its financial stability while providing assistance to its members. The Norristown Bell Credit Union's mission encompasses offering a broad range of financial services to cater to its members' diverse financial needs.


Official website here: www.3hillcu.com

Is Norristown Bell Credit Union legitimate?

Norristown Bell Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Norristown Bell 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: $148,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $609,852

For more financial information, click here


Official website here: www.3hillcu.com

What is the mission statement of Norristown Bell Credit Union?

The Norristown Bell Credit Union, being a member-owned and operated organization, is dedicated to promoting thrift and providing various financial services. Its mission is to assist members in meeting their financial needs. To achieve these goals, the credit union upholds its philosophy of "member helping member," aiming to maintain its financial stability over the long term. The credit union offers a comprehensive range of services to cater to its members' financial requirements.


Official website here: www.3hillcu.com

Who is the CEO of Norristown Bell Credit Union?

Benjamin Young is the Chairperson of Norristown Bell Credit Union. The CEO's salary of Norristown Bell Credit Union is $142,503 and their total compensation is $142,503.


Official website here: www.3hillcu.com

What is the revenue of Norristown Bell Credit Union?

Norristown Bell Credit Union's revenue in 2022 was $1,705,326.


Official website here: www.3hillcu.com

Who are the executives of Norristown Bell Credit Union and what are their salaries?

The average compensation at Norristown Bell Credit Union during 2022 was $50,569. There are 15 employees and 11 volunteers at Norristown Bell Credit Union.


Here are 8 key members and their salaries (Norristown Bell Credit Union's CEO's salary is $142,503 and their total compensation is $142,503):


Albert Lau (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ennio Cimino (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Defusco (Treasurer)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Joseph Kantanick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Marine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Studebaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Wimmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Young (President, Ceo Beginning 6)
  • Compensation: $142,503
  • Related: $0
  • Other: $0


Official website here: www.3hillcu.com

Where can I find the form 990 for Norristown Bell Credit Union?

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


Official website here: www.3hillcu.com

Learn more at the official website: www.3hillcu.com

Mission Statement of Norristown Bell Credit Union

Norristown Bell Credit Union, a member-owned and operated organization, is dedicated to promoting thrift and providing financial services. Its mission is to assist its members in meeting their economic needs. The credit union seeks to maintain its philosophy of "Member Helping Member," implying a strong sense of community and mutual support among its members. In achieving these goals, Norristown Bell Credit Union strives for long-term financial stability while continuing to uphold its commitment to its members. This mission reflects the credit union's focus on providing a comprehensive range of financial services to aid its members in managing their finances effectively.

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Impact




October, 2024

Norristown Bell Credit Union plays a significant role in the financial well-being of its members and the community. By promoting thrift, it encourages responsible saving habits among individuals, fostering a culture of financial prudence. The credit union offers a comprehensive range of financial services tailored to meet the diverse economic needs of its membership.

Through its member-first approach, Norristown Bell Credit Union embodies the philosophy of "member helping member," ensuring that all members receive personalized support and guidance in their financial journeys. This community-focused stance not only enhances individual economic stability but also strengthens the local economy.

In addition to assisting members in meeting their financial goals, Norristown Bell Credit Union is committed to maintaining its long-term financial health. This commitment ensures that it can continue to provide critical services and support to its members for years to come. Ultimately, its impact is felt through improved financial literacy, increased access to essential services, and a stronger, more interconnected community.




This information is meant to be a general summary of Norristown Bell 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
$1,705,326 (2022)
Expenses
$1,764,058 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $653,866
  • Program Service Revenue: $856,877
  • Gross Receipts: $1,705,326

Assets and Liabilities:

  • Total Assets: $56,587,437
  • Total Liabilities: $54,026,089
  • Net Assets: $2,561,348

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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

$743,815

INTERCHANGE INCOME

Revenue

$74,807

FEE INCOME

Revenue

$38,255

Organization Details

Founding Year

1940

Principal Officer

Benjamin Young

Main Address

1407 ERBS MILL ROAD, BLUE BELL, PA, 19422

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