Overview
What is 382 Akron Municipal Employees Credit Union?
The 382 Akron Municipal Employees Credit Union is a nonprofit organization, headquartered in Akron, Ohio, specifically at 146 South High Street. It operates as a cooperative credit union, primarily serving its member-owners. The main aim of this financial institution is to foster savings among members and offer them affordable loans for various purposes. As a state-chartered entity, Akron Municipal Employees Credit Union Inc. provides financial services and products to its member-owners, contributing to their financial wellbeing. With a modest workforce of three individuals, the credit union continues to fulfill its mission of promoting thrift and extending low-cost credit opportunities to its members.
Is 382 Akron Municipal Employees Credit Union legitimate?
382 Akron Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 382 Akron Municipal Employees 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:
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Other Salaries and Wages: $90,765
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What is the mission statement of 382 Akron Municipal Employees Credit Union?
The Akron Municipal Employees Credit Union, Inc. serves as a cooperative financial institution, primarily for its member-owners. Its mission is to foster a culture of savings among its members and, utilizing their collective resources, offer them affordable loans for various purposes. The organization operates as a state-chartered, member-owned cooperative credit union, providing a range of financial services and products to its members.
Who is the CEO of 382 Akron Municipal Employees Credit Union?
Rose Bartlolmucci is the Principal Officer of 382 Akron Municipal Employees Credit Union.
What is the revenue of 382 Akron Municipal Employees Credit Union?
382 Akron Municipal Employees Credit Union's revenue in 2020 was $188,676.
Who are the executives of 382 Akron Municipal Employees Credit Union and what are their salaries?
The average compensation at 382 Akron Municipal Employees Credit Union during 2020 was $30,255. There are 3 employees and 8 volunteers at 382 Akron Municipal Employees Credit Union.
Here are 8 key members and their salaries:
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Where can I find the form 990 for 382 Akron Municipal Employees Credit Union?
382 Akron Municipal Employees Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of 382 Akron Municipal Employees Credit Union
The 382 Akron Municipal Employees Credit Union, as a financial institution cooperative, is dedicated to serving its member-owners. Its mission is rooted in promoting thrift among its members and extending affordable loan options for various purposes. By pooling their savings, this credit union aims to provide its members with financially advantageous loans. In essence, 382 Akron Municipal Employees Credit Union operates as a cooperative, with a focus on teaching the importance of savings and extending accessible financial assistance to its members.
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Impact
October, 2024
382 Akron Municipal Employees Credit Union plays a vital role in the financial well-being of its member owners by providing tailored financial products and services. As a cooperative institution, it fosters a culture of thrift and savings, empowering members to achieve their financial goals.
The credit union constitutes a supportive community, focused on extending low-cost loans for worthwhile purposes. This accessibility to affordable financial solutions not only aids individual members but also stimulates economic growth in Akron, Ohio. By encouraging savings and responsible borrowing, it plays a significant part in enhancing the overall financial literacy and stability of its members.
Additionally, the credit union serves as a reliable resource for members, offering a range of services that meet diverse financial needs. This member-centric approach promotes a sense of ownership and engagement, contributing to the overall health of the local economy. In summary, 382 Akron Municipal Employees Credit Union significantly impacts its community by fostering financial responsibility, supporting members' aspirations, and driving economic growth through cooperative principles.
This information is meant to be a general summary of 382 Akron Municipal Employees 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: $45,732
- Program Service Revenue: $137,881
- Gross Receipts: $188,676
Assets and Liabilities:
- Total Assets: $6,409,184
- Total Liabilities: $5,889,191
- Net Assets: $519,993
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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
$128,904
Fee Income
Revenue
$8,977
Organization Details
Founding Year
1940
Phone
(330) 375-2020Principal Officer
Rose Bartlolmucci
Main Address
146 South High Street, Akron, OH, 44308
NTEE Category
Code: W60 - Public benefit
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