Overview
What is Armco Credit Union?
Armco Credit Union is a member-dedicated financial institution located at 101 Hollywood Drive, PO Box 1589, Butler, Pennsylvania, 16003. With a workforce of 108 employees, the credit union has experienced consistent growth in assets and membership by providing various financial vehicles and opportunities to its members. Its core mission is to cater to the financial needs of its members, offering savings accounts, loans, and other financial services. The credit union's primary goal is to ensure the financial well-being of its members, making it an essential part of the community.
Official website here: www.armcocu.com
Is Armco Credit Union legitimate?
Armco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Armco 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: $529,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,261,562
For more financial information, click here
Official website here: www.armcocu.com
What is the mission statement of Armco Credit Union?
Armco Credit Union is a member-dedicated association focused on addressing the financial needs of its members. They provide savings accounts, loans, and various other financial services to cater to their members' requirements. The credit union's mission is to serve its members effectively by offering these financial solutions. Throughout the years, Armco Credit Union has experienced steady growth in assets and membership, which can be attributed to the diverse financial offerings and opportunities it provides to its members.
Official website here: www.armcocu.com
Who is the CEO of Armco Credit Union?
Randall W Cypher is the Board Member of Armco Credit Union. The CEO's salary of Armco Credit Union is $273,927 and their total compensation is $319,862.
Official website here: www.armcocu.com
What is the revenue of Armco Credit Union?
Armco Credit Union's revenue in 2022 was $20,970,795.
Official website here: www.armcocu.com
Who are the executives of Armco Credit Union and what are their salaries?
The average compensation at Armco Credit Union during 2022 was $44,361. There are 108 employees and 15 volunteers at Armco Credit Union.
Here are 13 key members and their salaries (Armco Credit Union's CEO's salary is $273,927 and their total compensation is $319,862):
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- Compensation: $273,927
- Related: $0
- Other: $45,935
- Compensation: $159,887
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- Other: $37,950
- Compensation: $95,653
- Related: $0
- Other: $16,942
- Compensation: $129,069
- Related: $0
- Other: $38,304
Official website here: www.armcocu.com
Where can I find the form 990 for Armco Credit Union?
Armco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.armcocu.com
Learn more at the official website: www.armcocu.com
Mission Statement of Armco Credit Union
Armco Credit Union, an association of members, is committed to serving the financial needs of its members. The credit union offers a range of financial services including savings accounts and loans that cater to the diverse financial requirements of its members. This member-owned organization is dedicated to providing essential financial solutions, fostering financial growth and stability for each individual.
By pooling their resources together, Armco Credit Union members have access to a wide range of financial vehicles and opportunities. The credit union's mission lies in its ability to provide personalized financial services that cater to the unique needs of each member. With a focus on member satisfaction, Armco Credit Union has experienced steady growth in assets and membership over the years.
The credit union's steadfast dedication to its members has been the cornerstone of its success. By prioritizing the financial well-being of its members, Armco Credit Union has built a strong community of individuals who trust and rely on the organization for their financial needs. The credit union's commitment to fostering financial stability extends beyond individual members, creating a thriving financial ecosystem where everyone can flourish.
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Impact
October, 2024
Armco Credit Union significantly impacts its community by providing essential financial services tailored to meet the needs of its members. As an association of members, it focuses on delivering a range of offerings, including savings accounts and loans, fostering financial stability and growth.
The credit union has experienced steady growth in both assets and membership, underscoring its effectiveness in addressing the financial needs of the community. By creating accessible financial opportunities, Armco Credit Union empowers its members, helping them achieve their financial goals. This commitment not only enhances individual member financial well-being but also contributes to the overall economic health of the Butler, PA community.
This information is meant to be a general summary of Armco 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: $1,504,945
- Program Service Revenue: $17,868,471
- Gross Receipts: $20,970,795
Assets and Liabilities:
- Total Assets: $531,376,072
- Total Liabilities: $461,947,422
- Net Assets: $69,428,650
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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
$13,644,781
FEES AND CHARGES
Revenue
$3,353,344
INSURANCE
Revenue
$818,015
SERVICE INCOME ON LOANS
Revenue
$52,331
Organization Details
Founding Year
1935
Phone
(724) 284-2020Principal Officer
Randall W Cypher
Main Address
101 HOLLYWOOD DRIVE PO BOX 1589, BUTLER, PA, 160031589
Website
www.armcocu.comNTEE Category
Code: W60 - Public benefit
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