0987 S C F E Credit Union Inc

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

EIN: 311571512 ✦ Portsmouth, OH ✦ Designated as a 501(c)(14)

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Overview

What is 0987 S C F E Credit Union Inc?

0987 S C F E Credit Union Inc is a nonprofit organization that serves its members by offering savings and loan programs. Their primary activity revolves around providing financial assistance through various loan programs and savings accounts. This credit union aims to support its members with their financial needs, thereby contributing positively to their financial well-being.

Is 0987 S C F E Credit Union Inc legitimate?

0987 S C F E Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 0987 S C F E 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: $23,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $360

For more financial information, click here

What is the mission statement of 0987 S C F E Credit Union Inc?

The 0987 S C F E Credit Union Inc's mission is centered around serving its members. It provides savings and loan facilities, offering various loan programs and savings accounts to its members. The credit union aims to assist its members financially, functioning as a reliable source for financial services. By offering these services, the credit union helps its members manage their finances effectively.

Who is the CEO of 0987 S C F E Credit Union Inc?

Danette Lawhorn is the President of 0987 S C F E Credit Union Inc.

What is the revenue of 0987 S C F E Credit Union Inc?

0987 S C F E Credit Union Inc's revenue in 2022 was $74,206.

Who are the executives of 0987 S C F E Credit Union Inc and what are their salaries?

The average compensation at 0987 S C F E Credit Union Inc during 2022 was $7,920. There are 3 employees and 8 volunteers at 0987 S C F E Credit Union Inc.


Here are 7 key members and their salaries:


Robert G Ridenour (Treasurer)
  • Compensation: $13,800
  • Related: $0
  • Other: $13,800
Rose Pelfrey (Secretary)
  • Compensation: $9,600
  • Related: $0
  • Other: $9,600
Danette Lawhorn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krista Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debora Queen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Lawhorn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ridenour (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 0987 S C F E Credit Union Inc?

0987 S C F E Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 0987 S C F E Credit Union Inc

0987 S C F E Credit Union Inc, as a financial institution, is dedicated to serving its members by offering savings and loan programs. Its mission is to provide access to both savings accounts and various loan options, ensuring financial assistance to its membership base. This nonprofit organization offers loan programs that cater to the diverse financial needs of its members, while also providing saving accounts for members to accumulate funds for future endeavors. Overall, 0987 S C F E Credit Union Inc plays a crucial role in financial empowerment for its members, providing them with the necessary tools to manage their finances effectively.

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Impact




October, 2024

0987 S C F E Credit Union Inc plays a significant role in the Portsmouth, Ohio community by providing essential financial services to its members. Through its various loan programs and saving accounts, the credit union empowers individuals to manage their finances effectively, whether it involves saving for the future or obtaining necessary loans for personal or business needs.

By offering accessible savings and loan options, the credit union helps to promote economic stability and growth among its members. This fosters a sense of community as members support one another and invest in their own financial well-being. Additionally, the credit union’s focus on providing a public benefit underscores its commitment to serving the needs of the community, making a positive impact on the local economy. Overall, 0987 S C F E Credit Union Inc enhances the financial literacy and independence of its members, contributing to the broader well-being of the Portsmouth area.




This information is meant to be a general summary of 0987 S C F E 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
$74,206 (2022)
Expenses
$56,143 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,427
  • Program Service Revenue: $70,779
  • Gross Receipts: $74,206

Assets and Liabilities:

  • Total Assets: $1,407,141
  • Total Liabilities: $0
  • Net Assets: $1,407,141

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Programs

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

interest on loans
fees and charges

Revenue

$4,514

Organization Details

Founding Year

1961

Principal Officer

Danette Lawhorn

Main Address

610 Gay St Rm 5, Portsmouth, OH, 45662

NTEE Category

Code: W60 - Public benefit

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