Overview
What is 657 Ups Credit Union Inc?
657 UPS Credit Union Inc is a financially sound cooperative based in Cincinnati, Ohio. Its primary objective is to extend credit to its members, thereby generating revenue to distribute as dividends. This nonprofit organization specializes in providing loans to individuals with good credit scores, thereby contributing to their financial well-being. In addition to providing financial services, 657 UPS Credit Union Inc also implements programs aimed at making loans and distributing dividends to its members.
Is 657 Ups Credit Union Inc legitimate?
657 Ups Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 657 Ups 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,563
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What is the mission statement of 657 Ups Credit Union Inc?
657 Ups Credit Union Inc's mission is centered around extending credit loans to its members, with the primary objective of generating income to distribute as dividends. The credit union also implements various programs to facilitate loan provision and dividend payouts. In essence, its mission is to serve its members financially, providing them with credit opportunities and generating returns for its members through dividends.
Who is the CEO of 657 Ups Credit Union Inc?
Tom Pugh is the President of 657 Ups Credit Union Inc.
What is the revenue of 657 Ups Credit Union Inc?
657 Ups Credit Union Inc's revenue in 2022 was $216,413.
Who are the executives of 657 Ups Credit Union Inc and what are their salaries?
The average compensation at 657 Ups Credit Union Inc during 2022 was $43,282. There are 2 employees at 657 Ups Credit Union Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for 657 Ups Credit Union Inc?
657 Ups Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 657 Ups Credit Union Inc
657 UPS Credit Union Inc, as a mission-driven organization, focuses on lending out credit to its members with good credit scores. The primary objective is to generate income through these loans, which in turn, enables the credit union to pay dividends to its members. Beyond lending, the credit union also implements programs aimed at facilitating loan provision and dividend payouts.
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Impact
October, 2024
657 Ups Credit Union Inc plays a significant role in fostering financial well-being within the Cincinnati community. By providing good credit loans to its members, the credit union not only facilitates access to necessary funds but also contributes to the overall economic stability of its members. This lending practice enables individuals to manage their finances better and invest in personal goals, thereby enhancing their quality of life.
Through its programs aimed at making loans and paying dividends, 657 Ups Credit Union Inc actively promotes responsible financial behavior and helps cultivate a culture of savings among its members. This focus on financial empowerment translates into a stronger, more resilient community where individuals have the resources they need to thrive. In addition, the dividends paid to members further incentivize financial participation and growth, reinforcing the credit union's positive impact on the local economy.
Overall, 657 Ups Credit Union Inc serves as a vital financial institution that supports both individual prosperity and community development in Cincinnati, Ohio.
This information is meant to be a general summary of 657 Ups 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: $12,834
- Program Service Revenue: $203,579
- Gross Receipts: $216,413
Assets and Liabilities:
- Total Assets: $3,957,955
- Total Liabilities: $3,749,593
- Net Assets: $208,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$162,762
Fee Income
Revenue
$36,576
Misc
Revenue
$4,241
Organization Details
Founding Year
1955
Phone
(513) 241-2892Principal Officer
Tom Pugh
Main Address
644 Linn Street APT 129, Cincinnati, OH, 452031733
NTEE Category
Code: W60 - Public benefit
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