1129 Falls Catholic Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 340835673 ✦ Cuyahoga falls, OH ✦ Designated as a 501(c)(14)

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Overview

What is 1129 Falls Catholic Credit Union?

1129 Falls Catholic Credit Union is a nonprofit financial institution situated in Cuyahoga Falls, Ohio. With a commitment to its members, its primary service involves lending out deposited funds and generating revenue through interest and fees on these loans. The credit union pools its members' financial resources to provide various financial services, aiming to be the primary financial institution for its membership base. By offering a comprehensive range of financial services, the credit union strives to maintain customer satisfaction, growth, and stability. With a team of 11 dedicated individuals, 1129 Falls Catholic Credit Union plays an essential role in the financial well-being of its members in the local community.


Official website here: www.fallsccu.org

Is 1129 Falls Catholic Credit Union legitimate?

1129 Falls Catholic Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1129 Falls Catholic 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: $254,359
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,489

For more financial information, click here


Official website here: www.fallsccu.org

What is the mission statement of 1129 Falls Catholic Credit Union?

The 1129 Falls Catholic Credit Union's mission is to pool financial resources within its membership base to provide loans and various financial services to its members. The credit union is committed to serving as the primary financial institution for its members by offering a comprehensive range of financial services. It strives to maintain customer satisfaction, growth, and stability while providing these services. The credit union aims to be the go-to financial institution for its members, ensuring they have access to a wide array of financial solutions.


Official website here: www.fallsccu.org

Who is the CEO of 1129 Falls Catholic Credit Union?

Matthew Mecurio is the Secretary of 1129 Falls Catholic Credit Union. The CEO's salary of 1129 Falls Catholic Credit Union is $120,464 and their total compensation is $120,464.


Official website here: www.fallsccu.org

What is the revenue of 1129 Falls Catholic Credit Union?

1129 Falls Catholic Credit Union's revenue in 2022 was $2,065,973.


Official website here: www.fallsccu.org

Who are the executives of 1129 Falls Catholic Credit Union and what are their salaries?

The average compensation at 1129 Falls Catholic Credit Union during 2022 was $46,895. There are 11 employees and 7 volunteers at 1129 Falls Catholic Credit Union.


Here are 10 key members and their salaries (1129 Falls Catholic Credit Union's CEO's salary is $120,464 and their total compensation is $120,464):


Terrence Steel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Burns (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Hill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abraham Brannan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Figler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Wilson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olivia Blatt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Stott (Vice President)
  • Compensation: $66,254
  • Related: $0
  • Other: $0
Bill Lambacher (Comptroller)
  • Compensation: $67,641
  • Related: $0
  • Other: $0
Matthew Mecurio (President/Ceo)
  • Compensation: $120,464
  • Related: $0
  • Other: $0


Official website here: www.fallsccu.org

Where can I find the form 990 for 1129 Falls Catholic Credit Union?

1129 Falls Catholic Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fallsccu.org

Learn more at the official website: www.fallsccu.org

Mission Statement of 1129 Falls Catholic Credit Union

1129 Falls Catholic Credit Union's mission is centered around pooling financial resources from its membership base. This pool is utilized to provide various financial services, including loans, which are accessible to anyone within the membership. The credit union is committed to serving as the primary financial institution for its members, offering a comprehensive range of financial services. This dedication is underpinned by a focus on customer satisfaction, growth, and stability, ensuring that the financial needs of its members are met effectively. In essence, 1129 Falls Catholic Credit Union's mission is to leverage its membership's collective financial resources to provide essential financial services and maintain a stable, customer-centric environment.

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Impact




October, 2024

1129 Falls Catholic Credit Union plays a vital role in its community by pooling the financial resources of its members to provide accessible loans and various financial services. The credit union is committed to being the primary financial institution for its members, ensuring that they can rely on a full spectrum of financial offerings while prioritizing customer satisfaction, growth, and stability.

The core activity of the credit union revolves around lending, where it generates revenue in the form of interest and fees on the loans provided. This model allows members to benefit from the funds they deposit, as the credit union returns value through competitive dividends and interest rates. By focusing on member needs, 1129 Falls Catholic Credit Union not only strengthens individual financial health but also contributes to the overall economic well-being of the community in Cuyahoga Falls, Ohio.

In summary, the impact of 1129 Falls Catholic Credit Union extends beyond financial transactions; it fosters a sense of community, supports local economic activities, and empowers members by providing necessary financial resources and services that enhance their quality of life.




This information is meant to be a general summary of 1129 Falls Catholic 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.

Revenue
$2,065,973 (2022)
Expenses
$1,631,174 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $346,204
  • Program Service Revenue: $1,719,769
  • Gross Receipts: $2,065,973

Assets and Liabilities:

  • Total Assets: $54,602,519
  • Total Liabilities: $46,419,122
  • Net Assets: $8,183,397

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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

$1,382,663

DEPOSIT-RELATED INCOME

Revenue

$172,454

LENDING-RELATED INCOME

Revenue

$107,887

CARD INCOME

Revenue

$46,001

OTHER INCOME

Revenue

$10,764

Organization Details

Founding Year

1957

Principal Officer

Matthew Mecurio

Main Address

33 GRAHAM ROAD, CUYAHOGA FALLS, OH, 44223

NTEE Category

Code: W60 - Public benefit

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