Overview
What is The Catholic Credit Union?
The Catholic Credit Union is a nonprofit organization, serving a community of 1346 members with a shared common bond. Situated in Avon Lake, Ohio (specifically at P.O. Box 262), this credit union's primary objective is to deliver top-notch financial services to its members, thereby supporting their overall financial well-being. The primary source of income for the credit union is interest accrued from member loans and fees associated with various financial services. In return, members receive dividends on their share balance and the credit union covers related operational expenses. The Catholic Credit Union's mission is unwavering in its commitment to its members, ensuring that they receive high-quality financial services.
Official website here: www.cucatholic.com
Is The Catholic Credit Union legitimate?
The Catholic Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The 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: $54,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,091
For more financial information, click here
Official website here: www.cucatholic.com
What is the mission statement of The Catholic Credit Union?
The Catholic Credit Union's mission is centered around providing high-quality financial services to a community of 1346 individuals who share a common bond. The primary goal is to enhance the financial wellbeing of these members. The credit union operates on the principle of generating revenue through interest on member loans and fees for financial services, while incurring expenses such as dividends paid to members and other costs associated with delivering financial services.
Official website here: www.cucatholic.com
What is the revenue of The Catholic Credit Union?
The Catholic Credit Union's revenue in 2023 was $424,498.
Official website here: www.cucatholic.com
Who are the executives of The Catholic Credit Union and what are their salaries?
The average compensation at The Catholic Credit Union during 2023 was $24,753. There are 5 employees and 17 volunteers at The Catholic Credit Union.
Here are 8 key members and their salaries:
- Compensation: $54,675
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cucatholic.com
Where can I find the form 990 for The Catholic Credit Union?
The Catholic Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cucatholic.com
Learn more at the official website: www.cucatholic.com
Mission Statement of The Catholic Credit Union
The Catholic Credit Union, a financial institution, is committed to providing quality financial services to its 1346 members. Sharing a common bond, these members are the credit union's primary focus. The mission of The Catholic Credit Union is to not only offer financial services but also to contribute to the financial well-being of its members. The revenue for this nonprofit comes from interest on member loans and fees associated with financial services. On the other hand, expenses are primarily divided into two categories: dividends paid out to members based on their share balance and various costs related to providing these financial services.
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Impact
October, 2024
The Catholic Credit Union has a significant impact on its community by providing quality financial services to its 1,346 members who share a common bond. By focusing on the financial health of its members, the credit union fosters a supportive environment where individuals can access essential financial resources. The revenue generated through interest on member loans and fees for services enables the organization to operate sustainably while meeting the financial needs of its members. Additionally, the distribution of dividends on share balances reflects the credit union's commitment to returning value to its members, enhancing their overall financial well-being. Located in Avon Lake, Ohio, it plays a crucial role in promoting public benefit through accessible and responsible financial services.
This information is meant to be a general summary of The 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $96,437
- Program Service Revenue: $326,542
- Gross Receipts: $424,498
Assets and Liabilities:
- Total Assets: $13,147,109
- Total Liabilities: $0
- Net Assets: $13,147,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$248,404
Fees and Charges
Revenue
$78,138
Organization Details
Founding Year
1956
Principal Officer
Ken Simone
Website
www.cucatholic.comNTEE Category
Code: W60 - Public benefit
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