196 Middletown Area Schools Credit Union

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

EIN: 310622053 ✦ Middletown, OH ✦ Designated as a 501(c)(14)

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Overview

What is 196 Middletown Area Schools Credit Union?

The 196 Middletown Area Schools Credit Union is a member-driven financial institution situated in Middletown, Ohio, with an address at 1730 Central Avenue. With a focus on delivering high-quality financial services, they cater to their 989 members, offering various deposit options such as share and club accounts, share draft accounts, and share certificates. Their members enjoy the convenience of home banking, debit cards, credit cards, and ATMs. The credit union's mission is to ensure fiscal responsibility while meeting the financial needs of its members, providing them with reliable and accessible financial services. The team, consisting of 5 dedicated employees, works tirelessly to uphold this mission.


Official website here: www.mascu.com

Is 196 Middletown Area Schools Credit Union legitimate?

196 Middletown Area Schools Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 196 Middletown Area Schools 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: $107,917

For more financial information, click here


Official website here: www.mascu.com

What is the mission statement of 196 Middletown Area Schools Credit Union?

The 196 Middletown Area Schools Credit Union, being member-owned, is committed to delivering top-notch financial services to its members. This mission is carried out while ensuring financial responsibility is maintained. The credit union caters to its 989 members by offering various deposit services such as share and club accounts, share draft accounts, and share certificates. Members also have access to digital banking tools like home banking, debit cards, credit cards, and ATMs.


Official website here: www.mascu.com

Who is the CEO of 196 Middletown Area Schools Credit Union?

Martha Morgan is the Director of 196 Middletown Area Schools Credit Union.


Official website here: www.mascu.com

What is the revenue of 196 Middletown Area Schools Credit Union?

196 Middletown Area Schools Credit Union's revenue in 2022 was $404,301.


Official website here: www.mascu.com

Who are the executives of 196 Middletown Area Schools Credit Union and what are their salaries?

The average compensation at 196 Middletown Area Schools Credit Union during 2022 was $21,583. There are 5 employees and 7 volunteers at 196 Middletown Area Schools Credit Union.


Here are 7 key members and their salaries:


James J Stiver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cecil R Barger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Chaputa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Jester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary A Gast (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Morgan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine J Jones (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mascu.com

Where can I find the form 990 for 196 Middletown Area Schools Credit Union?

196 Middletown Area Schools Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mascu.com

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

Mission Statement of 196 Middletown Area Schools Credit Union

196 Middletown Area Schools Credit Union, a member-driven financial institution, is committed to delivering top-notch financial services to its membership. Its primary mission is to achieve this goal while maintaining a strong focus on financial responsibility. By offering a variety of services such as share and club accounts, share draft accounts, and share certificates, the credit union caters to the financial needs of its 989 members. Additionally, it provides members with the convenience of home banking, debit cards, credit cards, and access to ATMs. Overall, 196 Middletown Area Schools Credit Union is dedicated to providing high-quality financial services to its members while maintaining fiscal responsibility.

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Impact




October, 2024

196 Middletown Area Schools Credit Union plays a vital role in the financial well-being of its 989 members by offering quality financial services tailored to their needs. By providing essential deposit services such as share accounts, club accounts, share draft accounts, and share certificates, the credit union fosters a strong sense of community and financial stability among its members.

Additionally, the availability of modern banking conveniences like home banking, debit cards, credit cards, and ATMs ensures that members can easily manage their finances. This focus on accessibility not only enhances the member experience but also encourages responsible financial practices.

Located in Middletown, Ohio, the credit union exemplifies fiscal responsibility in its operations, which ultimately benefits its members and promotes a culture of trust and cooperative growth. Through its dedication to serving the local community, 196 Middletown Area Schools Credit Union significantly impacts the financial landscape, empowering individuals and families with the tools they need for long-term financial health.




This information is meant to be a general summary of 196 Middletown Area Schools 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.

Revenue
$404,301 (2022)
Expenses
$350,624 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $43,013
  • Program Service Revenue: $361,288
  • Gross Receipts: $404,301

Assets and Liabilities:

  • Total Assets: $9,398,111
  • Total Liabilities: $8,264,686
  • Net Assets: $1,133,425

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Programs

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

Interest on Loans & Credit Cards

Revenue

$232,470

Misc Member Paid Fees

Revenue

$67,929

Other Operating Income

Revenue

$32,035

Loan Late Fees

Revenue

$22,248

Dormant Account Fees

Revenue

$3,480

Organization Details

Founding Year

1937

Principal Officer

Martha Morgan

Main Address

1730 Central Avenue, Middletown, OH, 450444140

NTEE Category

Code: W60 - Public benefit

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