Overview
What is 55 Bay Area Credit Union Inc?
55 Bay Area Credit Union Inc is a member-owned cooperative based in Oregon, specifically at 4202 Navarre Avenue, OH 43616. As a state-chartered organization, it offers financial products and services to its member-owners. At its core, Bay Area Credit Union, Inc. serves as a financial institution, providing both loan and deposit options. The mission of this credit union is to deliver personalized financial solutions to its members, highlighting its commitment to its community. With a team of 24 employees, they strive to meet the financial needs of their member-owners effectively.
Official website here: www.bayareacu.com
Is 55 Bay Area Credit Union Inc legitimate?
55 Bay Area Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 55 Bay Area 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: $159,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,071,799
For more financial information, click here
Official website here: www.bayareacu.com
What is the mission statement of 55 Bay Area Credit Union Inc?
The mission of 55 Bay Area Credit Union Inc, as a financial institution cooperative, is centered on delivering personalized financial solutions to its member-owners. The organization is dedicated to this commitment, ensuring that it offers a range of loan and deposit products and services to cater to the financial needs of its member-owners. The mission underscores the cooperative's role in providing financial solutions, aiming to maintain a strong relationship with its members by delivering tailored services.
Official website here: www.bayareacu.com
Who is the CEO of 55 Bay Area Credit Union Inc?
Jennifer Tober is the Chief Executive Officer / Director of 55 Bay Area Credit Union Inc. The CEO's salary of 55 Bay Area Credit Union Inc is $159,558 and their total compensation is $248,258.
Official website here: www.bayareacu.com
What is the revenue of 55 Bay Area Credit Union Inc?
55 Bay Area Credit Union Inc's revenue in 2022 was $3,651,914.
Official website here: www.bayareacu.com
Who are the executives of 55 Bay Area Credit Union Inc and what are their salaries?
The average compensation at 55 Bay Area Credit Union Inc during 2022 was $51,307. There are 24 employees and 5 volunteers at 55 Bay Area Credit Union Inc.
Here are 6 key members and their salaries (55 Bay Area Credit Union Inc's CEO's salary is $159,558 and their total compensation is $248,258):
- Compensation: $159,558
- Related: $0
- Other: $88,700
- 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.bayareacu.com
Where can I find the form 990 for 55 Bay Area Credit Union Inc?
55 Bay Area Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayareacu.com
Learn more at the official website: www.bayareacu.com
Mission Statement of 55 Bay Area Credit Union Inc
55 Bay Area Credit Union Inc, as a mission-driven financial institution, is dedicated to delivering personalized financial solutions to its member-owners. The organization's commitment is evident in its goal to provide a wide range of loan and deposit products and services, ensuring that its members have access to the financial tools they need. By prioritizing its members' needs, 55 Bay Area Credit Union Inc embodies a mission to make a tangible difference in the financial lives of its community.
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Impact
October, 2024
55 Bay Area Credit Union Inc plays a significant role in the financial landscape by offering a range of loan and deposit products tailored to meet the needs of its member owners. As a state-chartered cooperative, it fosters a sense of community and collaboration among its members, ensuring that financial services are accessible and equitable.
Their commitment to providing personalized financial solutions not only empowers individuals and families but also strengthens the local economy. By focusing on the well-being of its members, the credit union promotes financial literacy, enabling members to make informed decisions about their financial futures. This cooperative model enhances community ties, as profits are reinvested back into the credit union to benefit its members rather than external shareholders.
Overall, 55 Bay Area Credit Union Inc significantly contributes to the financial stability and growth of its community, reinforcing the cooperative principle of serving and supporting its members first.
This information is meant to be a general summary of 55 Bay Area 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: $320,599
- Program Service Revenue: $3,331,315
- Gross Receipts: $3,651,914
Assets and Liabilities:
- Total Assets: $80,010,962
- Total Liabilities: $70,347,237
- Net Assets: $9,663,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans to members
Revenue
$2,061,918
Fees to members
Revenue
$1,267,608
ATM surcharges to nonmembers
Revenue
$1,789
Organization Details
Founding Year
1934
Phone
(419) 698-2962Principal Officer
Jennifer Tober
Main Address
4202 Navarre Avenue, Oregon, OH, 43616
Website
www.bayareacu.comNTEE Category
Code: W60 - Public benefit
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