Overview
What is Best Reward Credit Union?
Best Reward Credit Union is a nonprofit financial institution situated in Brook Park, Ohio. With approximately 12,173 members, it manages around 11,461 deposit accounts. The credit union's primary mission is to offer members competitive lending, savings, and financial services, surpassing marketplace standards. This is achieved with a "service-based emphasis," acknowledging members as the credit union's owners. The credit union employs a team of 24 individuals, demonstrating its commitment to serving its members effectively.
Official website here: www.bestrewardcu.coop
Is Best Reward Credit Union legitimate?
Best Reward Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Best Reward 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: $210,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $549,697
For more financial information, click here
Official website here: www.bestrewardcu.coop
What is the mission statement of Best Reward Credit Union?
Best Reward Credit Union's mission is centered around providing its eligible members with a wide range of financial services, including lending, savings, and other financial products. These services are offered at terms that typically surpass those available in the marketplace. The credit union operates with a service-oriented focus, acknowledging its members' status as owners. This service emphasis is reflected in the dividends and interest paid to the approximately 12,173 members, who hold around 11,461 deposit accounts with the union.
Official website here: www.bestrewardcu.coop
Who is the CEO of Best Reward Credit Union?
John Shirilla is the President/Ce of Best Reward Credit Union.
Official website here: www.bestrewardcu.coop
What is the revenue of Best Reward Credit Union?
Best Reward Credit Union's revenue in 2020 was $2,716,261.
Official website here: www.bestrewardcu.coop
Who are the executives of Best Reward Credit Union and what are their salaries?
The average compensation at Best Reward Credit Union during 2020 was $31,690. There are 24 employees at Best Reward Credit Union.
Here are 10 key members and their salaries:
- Compensation: $92,449
- Related: $0
- Other: $6,889
- Compensation: $52,547
- Related: $0
- Other: $19,413
- Compensation: $65,866
- Related: $0
- Other: $4,617
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bestrewardcu.coop
Where can I find the form 990 for Best Reward Credit Union?
Best Reward Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.bestrewardcu.coop
Learn more at the official website: www.bestrewardcu.coop
Mission Statement of Best Reward Credit Union
Best Reward Credit Union, as a financial institution, is dedicated to providing its qualifying members with competitive lending, savings, and various financial services. This organization operates with a unique focus, emphasizing its members' status as owners. By offering terms generally superior to those available in the marketplace, Best Reward Credit Union seeks to prioritize its members' best interests. This service-oriented approach recognizes the collective ownership of its members, setting it apart from traditional financial institutions.
The mission of Best Reward Credit Union is to extend these financial services to its members at advantageous terms. By doing so, the credit union aims to empower its members to make informed financial decisions and improve their financial well-being. The credit union's commitment to its members is reflected in the dividends and interest it pays out to its approximately 12,173 members, whose deposit accounts total approximately 11,461. This financial support from Best Reward Credit Union demonstrates its dedication to its members' financial growth and stability.
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Impact
October, 2024
Best Reward Credit Union makes a significant impact on its community by offering financial services that prioritize the needs of its members. Located in Brook Park, Ohio, it provides lending and savings solutions at terms that are generally more favorable than those typically available in the broader marketplace. By focusing on a service-based approach, Best Reward Credit Union emphasizes the unique status of its members as owners, fostering a sense of community and individual empowerment.
With approximately 12,173 members and around 11,461 deposit accounts, the credit union actively invests in its members' financial well-being. It pays dividends and interest on these accounts, ensuring that members benefit directly from their contributions. This model not only supports individual financial growth but also enhances community resilience by encouraging saving and responsible borrowing. Overall, Best Reward Credit Union plays a vital role in promoting financial stability and accessibility for its members.
This information is meant to be a general summary of Best Reward 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: $1,271,274
- Program Service Revenue: $1,427,923
- Gross Receipts: $2,716,261
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$1,076,815
FEES
Revenue
$166,205
DEBIT/CREDIT CARD INCOME
Revenue
$145,295
MISCELLANEOUS OPERATING INC.
Revenue
$34,129
FEES
Revenue
$5,479
Organization Details
Founding Year
1949
Phone
(440) 232-9540Principal Officer
John Shirilla
Main Address
5681 SMITH ROAD, BROOK PARK, OH, 44142
Website
www.bestrewardcu.coopNTEE Category
Code: W60 - Public benefit
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