Overview
What is 471 Antioch Credit Union Inc?
471 Antioch Credit Union Inc, located in Cleveland, Ohio, serves as a financial institution for eligible members. The credit union pays dividends and interest on approximately 1,361 deposit accounts held by around 942 members. Direct labor costs, employee benefits, and data processing expenses are incurred as part of providing savings deposit services, originating loans, and servicing the loan portfolio for members. The organization's primary mission is to offer lending, savings, and various services to its members at terms generally better than those available in the marketplace. It operates with a "service-based emphasis," acknowledging members as the credit union's owners.
Is 471 Antioch Credit Union Inc legitimate?
471 Antioch Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 471 Antioch 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: $16,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,204
For more financial information, click here
What is the mission statement of 471 Antioch Credit Union Inc?
The 471 Antioch Credit Union Inc's mission is centered around providing financial services to its eligible members. They offer competitive lending, savings, and other financial services, prioritizing a member-oriented approach that recognizes members as the owners of the credit union. The credit union distributes dividends and interest on approximately 1,361 deposit accounts held by around 942 members. They also incur costs associated with providing savings deposit services, originating loans, and managing the loan portfolio for their members. Additionally, the credit union covers data processing expenses related to recording member account activity and granting members access to their accounts via ATM networks and in person at the credit union office.
Who is the CEO of 471 Antioch Credit Union Inc?
Alicia Green is the Treasurer Manager of 471 Antioch Credit Union Inc.
What is the revenue of 471 Antioch Credit Union Inc?
471 Antioch Credit Union Inc's revenue in 2022 was $75,856.
Who are the executives of 471 Antioch Credit Union Inc and what are their salaries?
There 12 volunteers at 471 Antioch Credit Union Inc.
Here are 11 key members and their salaries:
- Compensation: $16,900
- Related: $0
- Other: $0
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- Other: $0
Where can I find the form 990 for 471 Antioch Credit Union Inc?
471 Antioch Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 471 Antioch Credit Union Inc
471 Antioch Credit Union Inc is dedicated to serving its qualified members by providing them with competitive lending, savings, and various other services. This credit union operates with a strong emphasis on its member-owners, offering them terms that are generally better than what is available in the marketplace. The credit union's mission is to return dividends and interest to its members, who hold approximately 1,361 deposit accounts. These accounts are managed by around 942 members. The credit union incurs direct labor and employee benefit costs to provide savings deposit services, originate loans, and service its loan portfolio. Additionally, the credit union covers data processing costs to record member account activity and give members access to their accounts via ATM networks and in person at the credit union office.
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Impact
October, 2024
471 Antioch Credit Union Inc significantly contributes to the financial well-being of its members by offering tailored services that prioritize their needs. By providing competitively priced lending and savings options, the credit union ensures that members receive better terms than typically found in the broader market. This includes paying dividends and interest on approximately 1,361 deposit accounts held by around 942 members, thereby enhancing their savings potential.
The organization also focuses on direct labor and employee benefits to deliver high-quality services, which include the origination and servicing of loans. With robust data processing systems, members can easily manage their accounts through various channels, including ATM networks and in-person visits at the credit union.
Overall, 471 Antioch Credit Union Inc fosters a sense of ownership among its members, recognizing their status as primary stakeholders in the organization. By emphasizing service and member-centric practices, it not only meets the financial needs of individuals but also enhances community engagement and support.
This information is meant to be a general summary of 471 Antioch 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: $38,053
- Program Service Revenue: $37,803
- Gross Receipts: $75,856
Assets and Liabilities:
- Total Assets: $3,571,607
- Total Liabilities: $2,651,664
- Net Assets: $919,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$18,182
FEE INCOME
Revenue
$14,373
OTHER INCOME
Revenue
$5,248
Organization Details
Founding Year
1947
Phone
(216) 421-8885Principal Officer
Alicia Green
Main Address
8629 Cedar Avenue, Cleveland, OH, 44106
NTEE Category
Code: W60 - Public benefit
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