Overview
What is Cleveland Hts Teachers Credit Union?
Cleveland Hts Teachers Credit Union is a local, member-owned financial institution located at 14780 SUPERIOR RD, CLEVELAND, OH 44118. With a dedicated team of just two employees, this credit union offers lending, savings, and various financial services to its eligible members. The institution prides itself on providing better-than-market terms and prioritizes its members as owners, emphasizing a service-oriented approach. The credit union incurs costs related to direct labor and employee benefits while delivering savings deposit services, originating new loans, and managing its loan portfolio for the benefit of its members.
Official website here: www.chtcu.org
Is Cleveland Hts Teachers Credit Union legitimate?
Cleveland Hts Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cleveland Hts Teachers 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: $83,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,320
For more financial information, click here
Official website here: www.chtcu.org
What is the mission statement of Cleveland Hts Teachers Credit Union?
Cleveland Hts Teachers Credit Union's mission is to offer its eligible members competitive financial services, including lending, savings, and other financial solutions, at terms superior to those available in the marketplace. This is achieved with a service-oriented approach that values its members as owners. The credit union's operations encompass direct labor and employee benefit costs associated with providing savings deposit services, originating new loans, and managing the loan portfolio.
Official website here: www.chtcu.org
Who is the CEO of Cleveland Hts Teachers Credit Union?
Debra Lavin is the CEO of Cleveland Hts Teachers Credit Union The CEO's salary of Cleveland Hts Teachers Credit Union is $83,856 and their total compensation is $83,856.
Official website here: www.chtcu.org
What is the revenue of Cleveland Hts Teachers Credit Union?
Cleveland Hts Teachers Credit Union's revenue in 2021 was $183,882.
Official website here: www.chtcu.org
Who are the executives of Cleveland Hts Teachers Credit Union and what are their salaries?
The average compensation at Cleveland Hts Teachers Credit Union during 2021 was $47,588. There are 2 employees and 25 volunteers at Cleveland Hts Teachers Credit Union.
Here are 8 key members and their salaries (Cleveland Hts Teachers Credit Union's CEO's salary is $83,856 and their total compensation is $83,856):
- Compensation: $83,856
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chtcu.org
Where can I find the form 990 for Cleveland Hts Teachers Credit Union?
Cleveland Hts Teachers Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.chtcu.org
Learn more at the official website: www.chtcu.org
Mission Statement of Cleveland Hts Teachers Credit Union
Cleveland Hts Teachers Credit Union, as a credit union, is committed to offering its qualifying members lending, savings, and various financial services. This organization sets itself apart by providing these services at terms generally more favorable than those available in the marketplace. Furthermore, Cleveland Hts Teachers Credit Union operates with a service-oriented approach that recognizes the members' status as owners. This means the credit union prioritizes delivering exceptional service to its members, acknowledging their role as essential stakeholders in the cooperative's functioning.
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Impact
October, 2024
Cleveland Hts Teachers Credit Union significantly enhances the financial well-being of its members by offering lending, savings, and a variety of financial services tailored to the needs of qualified individuals. Members benefit from terms that are often more favorable than those available in the broader marketplace, reflecting the credit union's commitment to providing accessible financial solutions.
With a focus on service, the credit union emphasizes its members' unique status as owners, fostering a community-oriented approach to financial services. This includes managing direct labor and employee benefit costs to ensure efficient and effective savings deposit services, as well as the origination and servicing of loans. By prioritizing the financial interests of its members, Cleveland Hts Teachers Credit Union plays a vital role in promoting economic stability and supporting the financial goals of its community in Cleveland, Ohio.
This information is meant to be a general summary of Cleveland Hts Teachers 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $9,989
- Program Service Revenue: $173,893
- Gross Receipts: $183,882
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$168,413
FEE INCOME
Revenue
$5,480
Organization Details
Founding Year
1936
Principal Officer
Debra Lavin
Website
www.chtcu.orgNTEE Category
Code: W60 - Public benefit
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