Overview
What is Community Star Credit Union?
Community Star Credit Union is a nonprofit financial institution located at 832 Cleveland Street, Elyria, Ohio 44035. Its primary mission is to offer competitive lending, savings, and financial services to its eligible members, with a focus on providing better terms than typically available in the marketplace. The organization operates with a service-oriented mindset, acknowledging its members as its owners. In terms of operations, the credit union incurs costs associated with direct labor and employee benefits while providing savings deposit services, originating new loans, and servicing the loan portfolio for its members. The credit union has a workforce of 34 individuals.
Official website here: www.commstar.org
What do the Facebook reviews say about Community Star Credit Union?
Community Star Credit Union has garnered positive sentiments from its members, although the number of reviews is limited. The feedback highlights a notably helpful staff who are well-equipped to address various financial needs. Users appreciate the accessible and knowledgeable service provided.
One unique aspect that stands out is the annual rewards for members, such as a members-only dinner, which adds a personal touch to their experience. This seems to foster a sense of community within the credit union.
The long-standing service of employees, exemplified by a recent acknowledgment of a staff member's 35 years of commitment, further underscores the organization’s stability and dedication. Overall, the sentiment reflects satisfaction with the services being offered and a strong sense of community among its members.
This AI summary has been generated from reviews found on Facebook.
Is Community Star Credit Union legitimate?
Community Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Star 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: $519,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,266,499
For more financial information, click here
Official website here: www.commstar.org
What is the mission statement of Community Star Credit Union?
Community Star Credit Union's mission is centered around providing competitive financial services to its eligible members. This includes lending, saving, and other financial offerings, often at terms superior to those available in the market. The union operates with a service-oriented approach, recognizing the members as its owners. It strives to deliver these services with a focus on quality, ensuring member satisfaction is at the forefront of its operations. The credit union's activities primarily involve the provision of savings deposit services, originating new loans, and managing its loan portfolio for the benefit of its members.
Official website here: www.commstar.org
Who is the CEO of Community Star Credit Union?
David Jezewski is the Ceo of Community Star Credit Union. The CEO's salary of Community Star Credit Union is $127,000 and their total compensation is $127,000.
Official website here: www.commstar.org
What is the revenue of Community Star Credit Union?
Community Star Credit Union's revenue in 2022 was $4,333,361.
Official website here: www.commstar.org
Who are the executives of Community Star Credit Union and what are their salaries?
The average compensation at Community Star Credit Union during 2022 was $52,543. There are 34 employees and 7 volunteers at Community Star Credit Union.
Here are 11 key members and their salaries (Community Star Credit Union's CEO's salary is $127,000 and their total compensation is $127,000):
- Compensation: $135,370
- Related: $0
- Other: $0
- Compensation: $127,000
- Related: $0
- Other: $0
- Compensation: $89,350
- Related: $0
- Other: $0
- Compensation: $86,200
- Related: $0
- Other: $0
- Compensation: $82,050
- 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.commstar.org
Where can I find the form 990 for Community Star Credit Union?
Community Star Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commstar.org
Learn more at the official website: www.commstar.org
Mission Statement of Community Star Credit Union
Community Star Credit Union is committed to providing its eligible members with competitive lending, savings, and various financial services. This mission is underpinned by a service-oriented approach that acknowledges the members' status as owners. The credit union strives to offer better terms than what is generally available in the marketplace, thereby providing value to its members. The core activities of Community Star Credit Union include managing savings deposit services, originating new loans, and servicing the existing loan portfolio. These services are delivered with a focus on high-quality customer service, recognizing the members' role as owners in the organization.
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Impact
October, 2024
Community Star Credit Union significantly enhances the financial well-being of its members in Elyria, Ohio, by offering lending, savings, and other financial services that often come with more favorable terms than those available in the broader marketplace. The credit union's commitment to a service-oriented approach fosters a sense of ownership among its members, as they are not just customers but stakeholders in the institution.
By delivering personalized financial services, Community Star Credit Union not only meets the immediate needs of its members but also contributes to their long-term financial health. This is achieved through direct labor and employee benefits dedicated to providing high-quality savings deposit services, originating new loans, and managing the loan portfolio efficiently. The positive impact on the community is evident as members gain access to affordable financial solutions that empower them to achieve their goals. Overall, Community Star Credit Union plays a vital role in promoting economic stability and enhancing the quality of life for its members and the surrounding community.
This information is meant to be a general summary of Community Star 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 2022.
- Investment Income: $213,154
- Program Service Revenue: $4,120,207
- Gross Receipts: $4,333,361
Assets and Liabilities:
- Total Assets: $93,835,301
- Total Liabilities: $85,788,909
- Net Assets: $8,046,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,480,360
FEE INCOME
Revenue
$1,002,748
OTHER OPERATING INCOME
Revenue
$650,740
OTHER NON OPERATING INC
Revenue
-$13,641
Organization Details
Founding Year
1938
Principal Officer
David Jezewski
Main Address
832 CLEVELAND STREET, ELYRIA, OH, 44035
Website
www.commstar.orgNTEE Category
Code: W60 - Public benefit
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