Overview
What is 945 540 Ibew Credit Union?
945 540 IBEW Credit Union, also known as 540 IBEW Credit Union Inc, is a financial institution situated at 2333 Nave Rd SE, Massillon, OH 44646. This credit union primarily serves qualified members, offering them savings, lending, and various other financial services. They aim to provide such services at terms generally better than those available in the marketplace, emphasizing their members' status as 'owners'. During the year 2022, they paid dividends and interest to approximately 461 account holders. The credit union's operations are centered around providing financial services with a service-based emphasis, recognizing its members as stakeholders.
Is 945 540 Ibew Credit Union legitimate?
945 540 Ibew Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 945 540 Ibew 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: $22,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of 945 540 Ibew Credit Union?
The 945 540 IBEW Credit Union's mission is centered around providing financial services to its eligible members. Their primary objective is to offer savings, lending, and various other financial services on generally favorable terms compared to the marketplace. This is done with a strong emphasis on service, recognizing the members' role as the credit union's owners. The credit union aims to distribute dividends and interest to a significant number of its qualifying members annually, as demonstrated in 2022 with approximately 461 account holders.
Who is the CEO of 945 540 Ibew Credit Union?
Lester D Stark is the President of 945 540 Ibew Credit Union.
What is the revenue of 945 540 Ibew Credit Union?
945 540 Ibew Credit Union's revenue in 2022 was $47,949.
Who are the executives of 945 540 Ibew Credit Union and what are their salaries?
The average compensation at 945 540 Ibew Credit Union during 2022 was $22,831. There is 1 employee and 15 volunteers at 945 540 Ibew Credit Union.
Here are 15 key members and their salaries:
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Where can I find the form 990 for 945 540 Ibew Credit Union?
945 540 Ibew Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 945 540 Ibew Credit Union
945 540 IBEW Credit Union, with a focus on its qualifying members, is dedicated to providing a range of financial services. Their mission is twofold: firstly, they aim to offer savings, lending, and other financial services at terms generally superior to those available in the marketplace. Secondly, they emphasize a "service-based" approach that recognizes the members' status as "owners." This mission is rooted in the credit union's belief that its members deserve better financial opportunities and should be treated as partners in the organization.
During the calendar year of 2022, 945 540 IBEW Credit Union demonstrated its commitment to this mission by distributing dividends and interest to approximately 461 of its qualifying accounts. This financial return to its members underscores the credit union's dedication to providing competitive financial services while ensuring that its members benefit from their partnership with the organization.
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Impact
October, 2024
945 540 IBEW Credit Union significantly enhances the financial well-being of its qualified members in Massillon, OH, by offering a range of financial services designed to meet their needs. In 2022, the credit union paid dividends and interest to approximately 461 accounts, demonstrating its commitment to providing valuable returns to its members.
The credit union's mission focuses on delivering savings and lending options with terms that are often more favorable than those typically available in the marketplace. This approach enables members to achieve their financial goals more effectively. By fostering a service-based emphasis that acknowledges members as owners, 945 540 IBEW Credit Union cultivates a supportive community where individuals can thrive financially.
Overall, the credit union plays a vital role in promoting financial stability and empowering its members with the resources they need to succeed.
This information is meant to be a general summary of 945 540 Ibew 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: $8,267
- Program Service Revenue: $27,762
- Gross Receipts: $47,949
Assets and Liabilities:
- Total Assets: $1,316,622
- Total Liabilities: $1,172,786
- Net Assets: $143,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$27,052
FEE INCOME
Revenue
$710
Organization Details
Founding Year
1960
Phone
(330) 833-8337Principal Officer
Lester D Stark
Main Address
2333 NAVE RD SE, MASSILLON, OH, 44646
NTEE Category
Code: W60 - Public benefit
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