Overview
What is Leo Credit Union Inc?
Leo Credit Union Inc, located in Painesville, Ohio, is a member-oriented financial institution with a mission to exceed expectations through exceptional service and financially sound, ethical practices. They serve approximately 1,715 members, who hold around 2,148 deposit accounts. The credit union's operations are geared towards promoting financial success for its members, ensuring they provide superior products and services. The organization, with a workforce of 4 individuals, is dedicated to upholding its ethical values while operating in a financially sound manner.
Official website here: www.leocu.org
Is Leo Credit Union Inc legitimate?
Leo Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leo 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: $87,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,919
For more financial information, click here
Official website here: www.leocu.org
What is the mission statement of Leo Credit Union Inc?
Leo Credit Union Inc's mission is centered around exceeding member expectations by providing superior services and financial products. This aim is coupled with promoting financial success for its members, all while operating in a financially sound and ethical manner. The union strives to pay dividends and interest on approximately 2,148 deposit accounts held by approximately 1,715 members.
Official website here: www.leocu.org
Who is the CEO of Leo Credit Union Inc?
Jared Furnia is the Ceo of Leo Credit Union Inc. The CEO's salary of Leo Credit Union Inc is $87,975 and their total compensation is $87,975.
Official website here: www.leocu.org
What is the revenue of Leo Credit Union Inc?
Leo Credit Union Inc's revenue in 2022 was $458,739.
Official website here: www.leocu.org
Who are the executives of Leo Credit Union Inc and what are their salaries?
The average compensation at Leo Credit Union Inc during 2022 was $52,474. There are 4 employees and 6 volunteers at Leo Credit Union Inc.
Here are 7 key members and their salaries (Leo Credit Union Inc's CEO's salary is $87,975 and their total compensation is $87,975):
- Compensation: $87,975
- 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.leocu.org
Where can I find the form 990 for Leo Credit Union Inc?
Leo Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leocu.org
Learn more at the official website: www.leocu.org
Mission Statement of Leo Credit Union Inc
Leo Credit Union Inc is committed to surpassing expectations by offering superior service and financial products that contribute to the prosperity of its members. The credit union operates with a strong emphasis on financial stability and ethical conduct. Their mission is to promote the financial success of its members by providing them with dividends and interest on approximately 2,148 deposit accounts held by approximately 1,715 members. By exceeding expectations in service and product offerings, Leo Credit Union Inc aims to support its members in their financial journey, all while adhering to a financially sound and ethical business model.
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Impact
October, 2024
Leo Credit Union Inc significantly impacts its community by promoting financial success among its members through superior service and robust financial products. With a focus on ethical practices and financial soundness, the credit union serves approximately 1,715 members across 2,148 deposit accounts. By providing dividends and interest, Leo Credit Union not only supports individual financial growth but also fosters a sense of community engagement and empowerment. Its commitment to exceeding expectations helps build trust and stability within Painesville, OH, contributing to the overall economic well-being of its members and the broader community.
This information is meant to be a general summary of Leo 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 2022.
- Investment Income: $98,332
- Program Service Revenue: $360,407
- Gross Receipts: $458,739
Assets and Liabilities:
- Total Assets: $12,078,913
- Total Liabilities: $10,027,709
- Net Assets: $2,051,204
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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
$255,100
VISA INTEREST INCOME
Revenue
$71,664
FEE INCOME
Revenue
$33,189
MISCELLANEOUS OPERATING INC.
Revenue
$454
Organization Details
Founding Year
1985
Phone
(440) 347-3891Principal Officer
Jared Furnia
Main Address
155 FREEDOM ROAD, PAINESVILLE, OH, 44077
Website
www.leocu.orgNTEE Category
Code: W60 - Public benefit
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