Cape Regional Credit Union

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

EIN: 237099978 ✦ Cape girardeau, MO ✦ Designated as a 501(c)(14)

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Overview

What is Cape Regional Credit Union?

Cape Regional Credit Union is a financial institution situated in Cape Girardeau, Missouri, specifically at 2427 Centre Drive. With a membership of 2388 individuals, this credit union offers various financial services at competitive rates while ensuring its financial stability and future growth. The credit union provides ATM accessibility for its members and distributes dividends (interest) to them. The primary objective of Cape Regional Credit Union is to serve its member-owners, offering a wide range of financial services to meet their financial needs. It employs a team of nine individuals to achieve this mission.

Is Cape Regional Credit Union legitimate?

Cape Regional Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cape Regional 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: $299,589
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Cape Regional Credit Union?

Cape Regional Credit Union's mission is centered around serving its members, acting as their financial service provider. It aims to offer a range of financial services at competitive rates, all while ensuring the financial stability and future growth of the credit union. The primary goal is to cater to the needs of its 2388 members effectively, ensuring their satisfaction and financial well-being. The credit union also provides ATM accessibility for its members and pays dividends (interest) to them, further demonstrating its commitment to its members' financial needs.

Who is the CEO of Cape Regional Credit Union?

Kenneth Ruth is the Principal Officer of Cape Regional Credit Union.

What is the revenue of Cape Regional Credit Union?

Cape Regional Credit Union's revenue in 2022 was $789,220.

Who are the executives of Cape Regional Credit Union and what are their salaries?

The average compensation at Cape Regional Credit Union during 2022 was $33,288. There are 9 employees and 4 volunteers at Cape Regional Credit Union.


Here are 5 key members and their salaries:


James Cauble (President)
  • Compensation: $75,649
  • Related: $0
  • Other: $0
John Creutz (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Spencer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Ruth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cape Regional Credit Union?

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

Mission Statement of Cape Regional Credit Union

Cape Regional Credit Union, as a mission-driven organization, is committed to serving its members by offering a diverse range of financial services at competitive rates. The primary goal is to ensure the financial stability and future growth of the Credit Union. By doing so, the Credit Union aims to cater to the financial needs of its 2388 members effectively. Providing competitive rates and a variety of financial services is a testament to the Credit Union's dedication to its members' financial well-being. Additionally, the Credit Union pays dividends (interest) to its members, further demonstrating its commitment to its members' financial success. Beyond financial services, the Credit Union also offers various program services, as detailed in Schedule O.

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Impact




October, 2024

Cape Regional Credit Union plays a significant role in the community by providing essential financial services to its 2,388 members in Cape Girardeau, Missouri. By offering a variety of competitive financial products, the Credit Union fosters financial stability and growth for its members. The availability of ATMs ensures convenience, enabling members to access their funds easily. Additionally, the dividends paid out to members reflect a commitment to sharing financial success with those who trust and invest in the institution. Through these services and its focus on member-centric operations, Cape Regional Credit Union contributes positively to the local economy and supports the overall financial well-being of its community.




This information is meant to be a general summary of Cape Regional 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
$789,220 (2022)
Expenses
$724,859 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $789,220
  • Gross Receipts: $789,220

Assets and Liabilities:

  • Total Assets: $17,118,597
  • Total Liabilities: $15,889,199
  • Net Assets: $1,229,398

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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

$342,065

Fees and Services

Revenue

$137,883

Misc. Income

Revenue

$220,945

Investment Income

Revenue

$88,327

Organization Details

Founding Year

1970

Principal Officer

Kenneth Ruth

Main Address

2427 Centre Drive, Cape Girardeau, MO, 63703

NTEE Category

Code: W60 - Public benefit

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