Overview
What is 614 Wes Credit Union Inc?
614 Wes Credit Union Inc, located in Willoughby, Ohio, is a member-owned cooperative credit union. Established with a mission to serve its members, it offers a range of financial services and products, including loans and deposits. The organization, with a team of three dedicated individuals, is committed to providing the best possible service and competitive rates to its members, while maintaining financial stability. As a state-chartered entity, 614 Wes Credit Union Inc is dedicated to its members and their financial well-being.
Official website here: www.wescreditunion.com
Is 614 Wes Credit Union Inc legitimate?
614 Wes Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 614 Wes 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: $69,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,111
For more financial information, click here
Official website here: www.wescreditunion.com
What is the mission statement of 614 Wes Credit Union Inc?
The mission of 614 Wes Credit Union Inc., as a member-owned cooperative financial institution, is centered around providing exceptional service and competitive interest rates to its members. The organization strives to maintain financial stability while ensuring the best possible offerings for its member-owners. By focusing on their members' needs, 614 Wes Credit Union Inc. aims to build a strong and reliable financial institution.
Official website here: www.wescreditunion.com
Who is the CEO of 614 Wes Credit Union Inc?
Steven Simone is the CEO of 614 Wes Credit Union Inc The CEO's salary of 614 Wes Credit Union Inc is $69,132 and their total compensation is $69,632.
Official website here: www.wescreditunion.com
What is the revenue of 614 Wes Credit Union Inc?
614 Wes Credit Union Inc's revenue in 2024 was $473,358.
Official website here: www.wescreditunion.com
Who are the executives of 614 Wes Credit Union Inc and what are their salaries?
The average compensation at 614 Wes Credit Union Inc during 2024 was $28,449. There are 5 employees and 6 volunteers at 614 Wes Credit Union Inc.
Here are 7 key members and their salaries (614 Wes Credit Union Inc's CEO's salary is $69,132 and their total compensation is $69,632):
- Compensation: $69,132
- Related: $0
- Other: $500
- 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.wescreditunion.com
Where can I find the form 990 for 614 Wes Credit Union Inc?
614 Wes Credit Union Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wescreditunion.com
Learn more at the official website: www.wescreditunion.com
Mission Statement of 614 Wes Credit Union Inc
614 Wes Credit Union Inc, as a financial institution cooperative, is dedicated to its member owners. Its mission is to deliver exceptional service and competitive rates. The organization strives to ensure that its members receive the best possible financial offerings, all the while maintaining a financially sound institution. In essence, 614 Wes Credit Union Inc is committed to providing top-notch financial services and products, all while maintaining a strong financial position, with the primary goal of benefiting its member-owners.
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Impact
October, 2024
614 Wes Credit Union Inc plays a significant role in its community by offering a range of loan and deposit products tailored specifically for its member owners. By operating as a member-owned cooperative, this financial institution fosters a sense of community and mutual support among its members in Willoughby, OH.
The credit union's commitment to providing exceptional service and competitive rates ensures that members have access to affordable financial solutions, promoting financial well-being and stability. This focus on member interests encourages responsible borrowing and saving practices, ultimately contributing to the economic growth of the local community.
Furthermore, as a state-chartered institution, 614 Wes Credit Union Inc maintains sound financial practices, which not only protects member assets but also enhances trust within the community. This stability enables the credit union to invest in programs and services that further benefit its members, reinforcing its mission to serve the public good and enhance the quality of life for those it serves.
This information is meant to be a general summary of 614 Wes 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 2024.
- Investment Income: $204,793
- Program Service Revenue: $268,565
- Gross Receipts: $473,358
Assets and Liabilities:
- Total Assets: $15,663,133
- Total Liabilities: $15,015,891
- Net Assets: $647,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans to members
Revenue
$221,140
Fees to members
Revenue
$47,425
Organization Details
Founding Year
1954
Principal Officer
Steven Simone
Website
www.wescreditunion.comNTEE Category
Code: W60 - Public benefit
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