Overview
What is Members Choice Financial Credit Union?
Members Choice Financial Credit Union, located in Danville, Pennsylvania, is a member-owned, not-for-profit financial cooperative. Its primary mission is to promote thrift and provide access to credit, specifically extending its services to the underbanked population, as per its underserved designations within its charter. The credit union offers a variety of financial products and services, including low-interest loans, to more than 13,000 members, aiming to support their financial well-being. With a dedicated workforce of 56 employees, Members Choice Financial Credit Union is committed to serving its community and helping its members manage their finances effectively.
Official website here: www.mcfcu.org
Is Members Choice Financial Credit Union legitimate?
Members Choice Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Choice Financial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $841,495
For more financial information, click here
Official website here: www.mcfcu.org
What is the mission statement of Members Choice Financial Credit Union?
Members Choice Financial Credit Union is a member-owned, not-for-profit financial cooperative with a mission to promote thrift and provide credit access. It has underserved designations within its charter, enabling it to extend its services to the underbanked community. The primary objective of the credit union is to offer low-interest loans and financial products to its over 13,000 members, thereby contributing to financial well-being and financial inclusion for its members.
Official website here: www.mcfcu.org
Who is the CEO of Members Choice Financial Credit Union?
James M Barbarich is the Board Chairperson of Members Choice Financial Credit Union.
Official website here: www.mcfcu.org
What is the revenue of Members Choice Financial Credit Union?
Members Choice Financial Credit Union's revenue in 2020 was $7,482,196.
Official website here: www.mcfcu.org
Who are the executives of Members Choice Financial Credit Union and what are their salaries?
Where can I find the form 990 for Members Choice Financial Credit Union?
Members Choice Financial Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.mcfcu.org
Learn more at the official website: www.mcfcu.org
Mission Statement of Members Choice Financial Credit Union
Members Choice Financial Credit Union, as a member-owned and not-for-profit financial cooperative, has a mission to promote thrift and provide access to credit. This mission extends beyond its member base, as the credit union holds underserved designations within its charter, allowing it to expand its services to the underbanked population. The primary objective of Members Choice Financial Credit Union is to offer low-interest loans and financial products to its over 13,000 members. By doing so, it aims to contribute positively to the financial well-being of its members, providing them with the necessary tools to manage their finances effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Members Choice Financial Credit Union significantly impacts its community by providing essential financial services tailored to the needs of more than 13,000 members. By focusing on promoting thrift and ensuring access to credit, the credit union plays a pivotal role in supporting underserved populations in Danville, PA.
Through low-interest loans and a range of financial products, Members Choice addresses the challenges faced by the underbanked, fostering financial stability and empowerment. This approach not only strengthens individual members' financial health but also supports the broader community by promoting economic growth and resilience. The credit union’s commitment to serving those who might otherwise lack access to traditional banking solutions underscores its vital role in enhancing financial inclusion and well-being in the region.
This information is meant to be a general summary of Members Choice Financial 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 2020.
- Investment Income: $607,127
- Program Service Revenue: $6,719,537
- Gross Receipts: $7,527,620
Assets and Liabilities:
- Total Assets: $202,690,835
- Total Liabilities: $185,934,000
- Net Assets: $16,756,835
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$5,402,916
FEES AND CHARGES
Revenue
$1,089,373
ELECTRONIC CARD SERVIC
Revenue
$212,743
NON-MEMBER ATM SURCHAR
Revenue
$14,505
Organization Details
Founding Year
1954
Phone
(570) 275-6155Principal Officer
James M Barbarich
Main Address
390 WALNUT STREET, DANVILLE, PA, 17821
Website
www.mcfcu.orgNTEE Category
Code: W61 - Public benefit
If you are a representative of Members Choice Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.