Overview
What is Bank Depository User Group?
The Bank Depository User Group is a nonprofit organization dedicated to improving communication between DTCC bank participants and DTCC. Its mission is to offer input on policies, procedures, and operations, as well as foster cooperation and amicability among its members. The group has been successful in accomplishing these goals, enhancing the exchange of information and strengthening relationships within the banking sector.
Official website here: www.bdug.org
Is Bank Depository User Group legitimate?
Bank Depository User Group is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bank Depository User Group submitted a form 990EZ, 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.
Official website here: www.bdug.org
What is the mission statement of Bank Depository User Group?
The Bank Depository User Group's mission is geared towards enhancing communication between DTCC bank participants and DTCC. This organization seeks to offer input on DTCC's policies, procedures, and operations. Furthermore, Bank Depository User Group strives to foster cooperation and goodwill among its members. The group has successfully accomplished these objectives, demonstrating its effectiveness in its mission.
Official website here: www.bdug.org
Who is the CEO of Bank Depository User Group?
Rick Beaver is the Treasurer of Bank Depository User Group.
Official website here: www.bdug.org
What is the revenue of Bank Depository User Group?
Bank Depository User Group's revenue in 2022 was $21,472.
Official website here: www.bdug.org
Who are the executives of Bank Depository User Group and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.bdug.org
Where can I find the form 990EZ for Bank Depository User Group?
Bank Depository User Group's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.bdug.org
Learn more at the official website: www.bdug.org
Mission Statement of Bank Depository User Group
The Bank Depository User Group, abbreviated as BDUG, is an organization that focuses on enhancing communication between DTCC bank participants and DTCC. Its primary mission is to serve as a platform for BDUG members to provide valuable input to DTCC's management regarding policies, procedures, and operations. By fostering a cooperative atmosphere among its members, BDUG aims to promote goodwill and understanding within the banking sector. The group has been successful in achieving these objectives, thereby contributing to a more seamless and collaborative environment between DTCC and its bank participants.
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Impact
October, 2024
The Bank Depository User Group significantly influences the financial sector by enhancing the communication and collaboration between DTCC bank participants and DTCC itself. By facilitating a robust information flow, it ensures that members are well-informed about vital policies, procedures, and operational changes. This initiative fosters transparency and helps participants navigate the complexities of the banking environment.
Additionally, the group provides valuable feedback to DTCC's management, allowing for informed decision-making that aligns with the needs of its members. This input can lead to improved policies and practices, ultimately benefiting the broader financial ecosystem. By promoting cooperation and goodwill among its members, the Bank Depository User Group cultivates a sense of community, encouraging shared goals and mutual support.
Overall, its efforts contribute to a more efficient and effective banking environment, supporting community improvement through enhanced financial services and operational excellence.
This information is meant to be a general summary of Bank Depository User Group. 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
- Gross Receipts: $73,686
Assets and Liabilities:
- Total Assets: $60,105
- Total Liabilities: $0
- Net Assets: $60,105
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Organization Details
Phone
(816) 860-8710Principal Officer
Rick Beaver
Main Address
928 Grand Blvd 4th Floor MS1010402, Kansas City, MO, 64106
Website
www.bdug.orgNTEE Category
Code: S41 - Community improvement
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