Overview
What is Morton Salt Credit Union?
Morton Salt Credit Union is a financial institution catering to qualified members, located in Rittman, Ohio. It operates as a credit union, providing various financial services to its members. The core activities of this nonprofit organization include offering savings deposit services, originating new loans, and managing an existing loan portfolio. The credit union prioritizes the well-being of its members by ensuring dividends are paid on deposit accounts and managing direct labor and employee benefit costs. With a small team of three employees, Morton Salt Credit Union strives to facilitate financial needs for its members, contributing to their financial stability and growth.
Is Morton Salt Credit Union legitimate?
Morton Salt Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Morton Salt 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: $10,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,793
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What is the mission statement of Morton Salt Credit Union?
Morton Salt Credit Union is dedicated to offering financial services to eligible members. Their primary mission is to provide various financial amenities, including deposit accounts with dividends paid to members, originating new loans, and managing the existing loan portfolio for their members. Moreover, the credit union also incurs costs associated with direct labor and employee benefits in delivering savings deposit services. In essence, Morton Salt Credit Union aims to serve its members financially, ensuring they have access to necessary financial services.
Who is the CEO of Morton Salt Credit Union?
Pamela Blubaugh is the Ceo of Morton Salt Credit Union. The CEO's salary of Morton Salt Credit Union is $10,771 and their total compensation is $10,771.
What is the revenue of Morton Salt Credit Union?
Morton Salt Credit Union's revenue in 2020 was $37,111.
Who are the executives of Morton Salt Credit Union and what are their salaries?
The average compensation at Morton Salt Credit Union during 2020 was $4,855. There are 3 employees and 5 volunteers at Morton Salt Credit Union.
Here are 6 key members and their salaries (Morton Salt Credit Union's CEO's salary is $10,771 and their total compensation is $10,771):
- 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: $10,771
- Related: $0
- Other: $0
Where can I find the form 990 for Morton Salt Credit Union?
Morton Salt Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Morton Salt Credit Union
Morton Salt Credit Union is committed to providing financial services to qualified members. This mission is encapsulated in its core activities, which include paying dividends to members on deposit accounts, incurring direct labor and employee benefit costs to offer savings deposit services, originating new loans, and servicing the loan portfolio for its members. In essence, Morton Salt Credit Union aims to provide a comprehensive range of financial services to its eligible members, ensuring they have access to necessary financial tools for their personal and financial needs.
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Impact
October, 2024
Morton Salt Credit Union has a significant impact on the Rittman, OH community by offering essential financial services to qualified members. By providing savings deposit services, the credit union pays dividends to members on their deposit accounts, helping them grow their savings and achieve financial stability. Additionally, the credit union plays a vital role in facilitating access to credit through the origination and servicing of new loans, supporting members in their financial endeavors. With a focus on delivering direct labor and employee benefits, Morton Salt Credit Union not only strengthens its service offerings but also contributes to the local economy. Through its commitment to public benefit, the credit union empowers individuals and families within the community to build better financial futures.
This information is meant to be a general summary of Morton Salt 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 2020.
- Investment Income: $10,653
- Program Service Revenue: $26,458
- Gross Receipts: $37,111
Assets and Liabilities:
- Total Assets: $4,165,327
- Total Liabilities: $3,445,039
- Net Assets: $720,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$22,372
FEE INCOME
Revenue
$3,908
MISCELLANEOUS INCOME
Revenue
$178
Organization Details
Founding Year
1952
Phone
(330) 927-1025Principal Officer
Pamela Blubaugh
Main Address
C/O GWCFCU PO BOX 115, RITTMAN, OH, 44270
NTEE Category
Code: W60 - Public benefit
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