Overview
What is Ohio Teamsters Credit Union Inc?
Ohio Teamsters Credit Union Inc is a nonprofit financial institution situated in Independence, Ohio. With a team of just three dedicated individuals, they offer lending, savings, and various other financial services to their eligible members. The credit union stands out by providing these services at more favorable terms than what's generally available in the marketplace. This customer-centric approach acknowledges the members' role as the credit union's owners, emphasizing a service-oriented focus. The credit union incurs costs related to direct labor and employee benefits while delivering savings deposit services, originating new loans, and managing the loan portfolio for its members.
Official website here: www.ohioteamsterscu.com
Is Ohio Teamsters Credit Union Inc legitimate?
Ohio Teamsters Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ohio Teamsters 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,109
For more financial information, click here
Official website here: www.ohioteamsterscu.com
What is the mission statement of Ohio Teamsters Credit Union Inc?
Ohio Teamsters Credit Union Inc's mission is to provide its eligible members with competitive lending, savings, and financial services. The emphasis is on offering terms that are better than market standards, all while maintaining a service-oriented approach that recognizes the members as the owners of the credit union. The organization incurs costs associated with providing savings deposit services, originating new loans, and managing the loan portfolio to cater to its members' financial needs.
Official website here: www.ohioteamsterscu.com
Who is the CEO of Ohio Teamsters Credit Union Inc?
Unavailable
Official website here: www.ohioteamsterscu.com
What is the revenue of Ohio Teamsters Credit Union Inc?
Ohio Teamsters Credit Union Inc's revenue in 2022 was $770,808.
Official website here: www.ohioteamsterscu.com
Who are the executives of Ohio Teamsters Credit Union Inc and what are their salaries?
The average compensation at Ohio Teamsters Credit Union Inc during 2022 was $101,370. There are 3 employees and 6 volunteers at Ohio Teamsters Credit Union Inc.
Here are 7 key members and their salaries:
- Compensation: $6,000
- 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.ohioteamsterscu.com
Where can I find the form 990 for Ohio Teamsters Credit Union Inc?
Ohio Teamsters Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohioteamsterscu.com
Learn more at the official website: www.ohioteamsterscu.com
Mission Statement of Ohio Teamsters Credit Union Inc
Ohio Teamsters Credit Union Inc is committed to providing its eligible members with a range of financial services, including lending, savings, and other financial products. The credit union offers these services at terms that are generally more favorable than those available in the marketplace. This commitment is underpinned by a service-oriented approach that recognizes the members' status as owners of the credit union. The mission of Ohio Teamsters Credit Union Inc is to serve its members by offering them financially beneficial products while prioritizing excellent service, thereby acknowledging their ownership stake in the organization.
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Impact
October, 2024
Ohio Teamsters Credit Union Inc significantly impacts its community by providing tailored financial services to its qualifying members. By offering lending, savings, and additional financial products with favorable terms, the credit union helps members achieve their financial goals more efficiently than traditional banking options. This emphasis on service acknowledges members' unique status as stakeholders, fostering a sense of ownership and community.
The credit union’s operations in Independence, OH, are designed to enhance the financial well-being of its members, contributing to their economic stability and mobility. The direct labor and employee benefit costs incurred in delivering these services underscore a commitment to maintaining a robust support system for its member base. Overall, Ohio Teamsters Credit Union Inc plays a vital role in enhancing access to financial resources while prioritizing a member-oriented approach that benefits the community as a whole.
This information is meant to be a general summary of Ohio Teamsters 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $128,867
- Program Service Revenue: $641,941
- Gross Receipts: $770,808
Assets and Liabilities:
- Total Assets: $16,609,084
- Total Liabilities: $12,466,562
- Net Assets: $4,142,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$425,532
FEE INCOME
Revenue
$202,894
OTHER INCOME
Revenue
$13,515
Organization Details
Founding Year
1940
Main Address
6100 ROCKSIDE WOODS BLVD STE 150, INDEPENDENCE, OH, 44131
Website
www.ohioteamsterscu.comNTEE Category
Code: W60 - Public benefit
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