Overview
What is Prime Care Credit Union?
Prime Care Credit Union is a nonprofit financial institution located at 600 Gresham Drive, Norfolk, VA 23507. The primary mission of this credit union is to offer affordable financial services to its members, which primarily consist of medical employees and their families. The credit union provides loan relationships, depository services, credit cards, and internet banking at convenient locations. Their professional team is dedicated to delivering excellent service. In 2022, the credit union extended loans to 271 members, many of whom would not have been able to secure such loans from larger financial institutions. Additionally, the credit union offers various services to its members beyond loans, contributing to their overall financial well-being.
Official website here: www.primecarecu.org
Is Prime Care Credit Union legitimate?
Prime Care Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Prime Care 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: $76,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,831
For more financial information, click here
Official website here: www.primecarecu.org
What is the mission statement of Prime Care Credit Union?
Prime Care Credit Union's mission is to offer affordable financial services to its members, including loan relationships, depository services, credit cards, and internet banking, all provided by professional staff who offer excellent service. The credit union aims to make these services accessible at convenient locations. By doing so, Prime Care Credit Union extends financial assistance to its members, many of whom might not be able to secure loans from other financial institutions. The credit union's membership primarily consists of medical employees and their families.
Official website here: www.primecarecu.org
Who is the CEO of Prime Care Credit Union?
Terry Lambert is the Treasurer of Prime Care Credit Union.
Official website here: www.primecarecu.org
What is the revenue of Prime Care Credit Union?
Prime Care Credit Union's revenue in 2022 was $814,955.
Official website here: www.primecarecu.org
Who are the executives of Prime Care Credit Union and what are their salaries?
The average compensation at Prime Care Credit Union during 2022 was $18,095. There are 14 employees and 8 volunteers at Prime Care Credit Union.
Here are 5 key members and their salaries:
- Compensation: $76,497
- 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
Official website here: www.primecarecu.org
Where can I find the form 990 for Prime Care Credit Union?
Prime Care Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.primecarecu.org
Learn more at the official website: www.primecarecu.org
Mission Statement of Prime Care Credit Union
Prime Care Credit Union, with a mission to serve its members, is committed to providing affordable financial services. This nonprofit organization aims to establish loan relationships, deposit services, credit cards, and internet banking at convenient locations, all while ensuring excellent service is delivered by its professionals. The primary goal of Prime Care Credit Union is to extend financial assistance to individuals who may not have been able to secure loans from larger financial institutions. This includes offering loans to its members, numbering 271 in 2022, and providing deposit and other necessary services. The membership of Prime Care Credit Union primarily comprises medical employees and their affiliates, and their families. By offering affordable financial services, Prime Care Credit Union plays a vital role in supporting its members' financial well-being, contributing to their financial stability and peace of mind.
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Impact
October, 2024
Prime Care Credit Union has significantly impacted its community by providing affordable financial services to individuals who might otherwise be excluded from traditional banking options. Over the past year, the credit union facilitated loans for 408 members, many of whom faced challenges in securing financing from larger financial institutions. This access to credit has empowered members to manage their financial needs effectively.
Additionally, Prime Care Credit Union offers a range of depository and other essential financial services, contributing to the financial well-being of its members, primarily composed of medical employees, their affiliates, and families. By positioning itself as a trusted service provider in Norfolk, VA, the credit union not only meets the unique needs of its members but also fosters a sense of community support and financial inclusion. Its mission to deliver excellent service through professional and accessible financial solutions underscores its commitment to enhancing the lives of those it serves.
This information is meant to be a general summary of Prime Care 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: $221,501
- Program Service Revenue: $563,455
- Gross Receipts: $814,955
Assets and Liabilities:
- Total Assets: $24,552,694
- Total Liabilities: $21,695,128
- Net Assets: $2,857,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CHARGES
Revenue
$302,246
LOAN INTEREST
Revenue
$239,934
OTHER INCOME
Revenue
$21,275
Organization Details
Founding Year
1970
Phone
(757) 388-2696Principal Officer
Terry Lambert
Main Address
600 GRESHAM DRIVE, NORFOLK, VA, 23507
Website
www.primecarecu.orgNTEE Category
Code: W60 - Public benefit
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