Htm Area Credit Union Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310616841 ✦ Troy, OH ✦ Designated as a 501(c)(14)

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Overview

What is Htm Area Credit Union Inc?

Htm Area Credit Union Inc is a member-owned cooperative credit union, headquartered at 847 West Main Street, Troy, Ohio 45373. Established with a mission to serve its members' financial needs, the organization offers a variety of loan and deposit products and services. With a focus on friendly and quality service at the best value, Htm Area Credit Union, Inc. strives to maintain financial stability while meeting the diverse financial needs of its member-owners. The credit union currently employs 9 individuals, dedicated to supporting the financial well-being of its community.


Official website here: www.htmcu.com

Is Htm Area Credit Union Inc legitimate?

Htm Area Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Htm Area 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: $6,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,882

For more financial information, click here


Official website here: www.htmcu.com

What is the mission statement of Htm Area Credit Union Inc?

Htm Area Credit Union Inc's mission is centered around serving its member-owners by addressing their financial needs. The credit union achieves this goal through the provision of friendly and high-quality services, ensuring the best value for its members while maintaining financial stability. As a member-owned cooperative credit union, Htm Area Credit Union Inc provides various financial products and services, operating with a state charter.


Official website here: www.htmcu.com

Who is the CEO of Htm Area Credit Union Inc?

Heath Florkey is the Ceo/Treasure of Htm Area Credit Union Inc. The CEO's salary of Htm Area Credit Union Inc is $6,540 and their total compensation is $6,540.


Official website here: www.htmcu.com

What is the revenue of Htm Area Credit Union Inc?

Htm Area Credit Union Inc's revenue in 2020 was $1,386,250.


Official website here: www.htmcu.com

Who are the executives of Htm Area Credit Union Inc and what are their salaries?

The average compensation at Htm Area Credit Union Inc during 2020 was $12,491. There are 9 employees and 4 volunteers at Htm Area Credit Union Inc.


Here are 5 key members and their salaries (Htm Area Credit Union Inc's CEO's salary is $6,540 and their total compensation is $6,540):


Heath Florkey (Ceo/Treasure)
  • Compensation: $6,540
  • Related: $0
  • Other: $0
Larry Kerce (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald May (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heath Murray (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Utrecht (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.htmcu.com

Where can I find the form 990 for Htm Area Credit Union Inc?

Htm Area Credit Union Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.htmcu.com

Learn more at the official website: www.htmcu.com

Mission Statement of Htm Area Credit Union Inc

Htm Area Credit Union Inc, as a financial institution cooperative, is committed to fulfilling the financial needs of its member-owners. Their mission, in simple terms, is to deliver friendly and top-notch service while ensuring the best value for their members, all while maintaining financial stability. This organization, functioning as a state-chartered member-owned cooperative credit union, provides a range of financial products and services to its member-owners, with the ultimate goal of meeting their financial requirements.

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Impact




October, 2024

HTM Area Credit Union Inc significantly impacts its community by providing essential financial services tailored to the needs of its member-owners. As a member-owned cooperative, it focuses on offering a variety of loan and deposit products that cater to the financial goals of its members in Troy, Ohio.

The credit union’s mission emphasizes delivering high-quality, friendly service while maintaining financial stability, which fosters trust and long-term relationships within the community. By prioritizing the financial well-being of its members, HTM Area Credit Union Inc contributes to local economic growth, enabling individuals and families to achieve their financial aspirations.

Furthermore, the cooperative model promotes community engagement and support, ensuring that the financial services provided are not only accessible but also beneficial for the overall welfare of its members. This approach reflects a commitment to public benefit and enhances financial literacy among its members, empowering them to make informed financial decisions.




This information is meant to be a general summary of Htm Area 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.

Revenue
$1,386,250 (2020)
Expenses
$946,491 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $90,828
  • Program Service Revenue: $1,295,422
  • Gross Receipts: $1,386,250

Assets and Liabilities:

  • Total Assets: $37,601,873
  • Total Liabilities: $32,004,675
  • Net Assets: $5,597,198

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO MEMBERS

Revenue

$1,014,509

MISCELLANEOUS INCOME

Revenue

$143,459

FEES TO MEMBERS

Revenue

$136,454

NON MEMBER ATM FEE

Revenue

$1,000

Organization Details

Founding Year

1950

Principal Officer

Heath Florkey

Main Address

847 WEST MAIN STREET, TROY, OH, 45373

NTEE Category

Code: W60 - Public benefit

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