Overview
What is 1381 River Valley Credit Union Inc?
1381 River Valley Credit Union Inc is a non-profit financial institution located amongst its members. It is entirely owned and managed by its own membership base, offering financial services. As a cooperative, it aims to provide financial opportunities and solutions to its members.
Official website here: www.rivervalleycu.org
Is 1381 River Valley Credit Union Inc legitimate?
1381 River Valley Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1381 River Valley Credit Union Inc 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: $1,539,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,384,383
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Official website here: www.rivervalleycu.org
What is the mission statement of 1381 River Valley Credit Union Inc?
The 1381 River Valley Credit Union Inc operates as a non-profit financial institution, owned and managed by its members. This member-owned structure sets it apart from traditional financial institutions. The mission of the credit union revolves around providing financial services to its membership base. By being non-profit, the credit union aims to prioritize the needs and interests of its members above profit generation. The cooperative nature of the credit union enables it to offer competitive rates and personalized services, fostering a sense of community among its members. The financial institution's primary goal is to ensure that its members have access to essential financial services, supporting their financial wellbeing.
Official website here: www.rivervalleycu.org
Who is the CEO of 1381 River Valley Credit Union Inc?
Lee Spivey is the Secretary of 1381 River Valley Credit Union Inc. The CEO's salary of 1381 River Valley Credit Union Inc is $301,484 and their total compensation is $330,405.
Official website here: www.rivervalleycu.org
What is the revenue of 1381 River Valley Credit Union Inc?
1381 River Valley Credit Union Inc's revenue in 2022 was $19,820,493.
Official website here: www.rivervalleycu.org
Who are the executives of 1381 River Valley Credit Union Inc and what are their salaries?
The average compensation at 1381 River Valley Credit Union Inc during 2022 was $46,892. There are 105 employees and 9 volunteers at 1381 River Valley Credit Union Inc.
Here are 17 key members and their salaries (1381 River Valley Credit Union Inc's CEO's salary is $301,484 and their total compensation is $330,405):
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- Compensation: $301,484
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- Other: $28,921
- Compensation: $169,209
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- Other: $16,082
- Compensation: $204,109
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- Other: $19,447
- Compensation: $169,213
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- Other: $16,082
- Compensation: $108,181
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- Other: $10,429
- Compensation: $124,025
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- Other: $11,594
- Compensation: $167,143
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- Other: $15,883
- Compensation: $162,413
- Related: $0
- Other: $15,047
Official website here: www.rivervalleycu.org
Where can I find the form 990 for 1381 River Valley Credit Union Inc?
1381 River Valley Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rivervalleycu.org
Learn more at the official website: www.rivervalleycu.org
Mission Statement of 1381 River Valley Credit Union Inc
1381 River Valley Credit Union Inc, a member-owned and operated non-profit financial institution, is dedicated to delivering financial services to its membership base. Founded on the principle of cooperative finance, this organization is entirely controlled by its members, ensuring a community-driven approach to financial services. The mission of River Valley Credit Union is to provide financial services to its members as a non-profit entity, owned and managed by those it serves. This unique structure sets the organization apart, allowing it to prioritize the financial wellbeing of its members above all else. By operating as a cooperative, River Valley Credit Union fosters a sense of unity and shared financial success among its members.
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Impact
October, 2024
1381 River Valley Credit Union Inc plays a vital role in its community by providing accessible financial services tailored to the needs of its members. As a member-owned institution, it emphasizes community engagement and member participation, fostering a sense of ownership and collaboration. The credit union eliminates profit motives often seen in traditional financial institutions, allowing for competitive interest rates on loans and savings, ultimately benefitting members financially.
Located in Miamisburg, Ohio, River Valley Credit Union is dedicated to delivering personalized services that cater to individual and collective financial goals. Its mission focuses on empowering members with the tools and resources they need to achieve financial stability and success. This commitment to public benefit not only strengthens the financial well-being of its members but also enhances the broader economic health of the community it serves. By prioritizing member interests and community needs, River Valley Credit Union contributes positively to local economic development and financial literacy initiatives, creating a more inclusive financial landscape.
This information is meant to be a general summary of 1381 River Valley Credit Union Inc. 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: $1,706,932
- Program Service Revenue: $18,113,561
- Gross Receipts: $19,820,493
Assets and Liabilities:
- Total Assets: $442,389,486
- Total Liabilities: $402,486,356
- Net Assets: $39,903,130
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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
$14,509,010
FEES & COMMISSIONS
Revenue
$3,604,551
Organization Details
Founding Year
1949
Phone
(937) 859-6260Principal Officer
Lee Spivey
Main Address
505 EARL BLVD, MIAMISBURG, OH, 45342
Website
www.rivervalleycu.orgNTEE Category
Code: W60 - Public benefit
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