1376 Maumee Valley Credit Union Inc

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

EIN: 344428397 ✦ Toledo, OH ✦ Designated as a 501(c)(14)

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Overview

What is 1376 Maumee Valley Credit Union Inc?

1376 Maumee Valley Credit Union Inc is a member-owned cooperative credit union located at 28 Fearing Boulevard North, Toledo, Ohio 43607. Established as a state-chartered entity, its primary mission is to promote financial well-being among its members by offering comprehensive and progressive financial services. This includes providing a variety of loan and deposit products, ensuring fair and competitive prices, and striving for financial stability and capital growth. With a team of seven dedicated employees, Maumee Valley Credit Union Inc is committed to serving its member-owners effectively.


Official website here: www.maumeevalleycu.com

Is 1376 Maumee Valley Credit Union Inc legitimate?

1376 Maumee Valley Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1376 Maumee Valley 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: $205,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,056

For more financial information, click here


Official website here: www.maumeevalleycu.com

What is the mission statement of 1376 Maumee Valley Credit Union Inc?

The mission of 1376 Maumee Valley Credit Union Inc, as a member-owned financial institution, is primarily focused on enhancing the financial well-being of its members. They achieve this by offering a wide range of comprehensive and advanced financial services. The credit union provides these services at reasonable prices, ensuring fairness and competitiveness. The aim is not just to meet member needs but also to contribute to the growth and financial stability of the organization through adequate returns.


Official website here: www.maumeevalleycu.com

Who is the CEO of 1376 Maumee Valley Credit Union Inc?

Rebecca Schroeder is the Former Treasurer And Chief Executive Officer of 1376 Maumee Valley Credit Union Inc. The CEO's salary of 1376 Maumee Valley Credit Union Inc is $73,050 and their total compensation is $82,550.


Official website here: www.maumeevalleycu.com

What is the revenue of 1376 Maumee Valley Credit Union Inc?

1376 Maumee Valley Credit Union Inc's revenue in 2022 was $1,007,384.


Official website here: www.maumeevalleycu.com

Who are the executives of 1376 Maumee Valley Credit Union Inc and what are their salaries?

The average compensation at 1376 Maumee Valley Credit Union Inc during 2022 was $52,158. There are 7 employees and 6 volunteers at 1376 Maumee Valley Credit Union Inc.


Here are 11 key members and their salaries (1376 Maumee Valley Credit Union Inc's CEO's salary is $73,050 and their total compensation is $82,550):


John Banks (Former Treasurer And Chief Executive Officer)
  • Compensation: $131,998
  • Related: $0
  • Other: $9,500
Rebecca Schroeder (Treasurer And Chief Executive Officer)
  • Compensation: $73,050
  • Related: $0
  • Other: $9,500
William Chalfant (President Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Adamson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Zuccarell (Secretary Of Board (April - December))
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Mielcarek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Beidleman (Director (April - December))
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Gibbons (Director (April - December))
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Kvasnicka (Vice President Of Board (January - March))
  • Compensation: $0
  • Related: $0
  • Other: $0
James Gagnon (Director (January - March))
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Gibbons (Director (January - March))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.maumeevalleycu.com

Where can I find the form 990 for 1376 Maumee Valley Credit Union Inc?

1376 Maumee Valley Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.maumeevalleycu.com

Learn more at the official website: www.maumeevalleycu.com

Mission Statement of 1376 Maumee Valley Credit Union Inc

1376 Maumee Valley Credit Union Inc, as a member-owned financial institution, is committed to promoting the financial well-being of its members. Its mission is to offer comprehensive and progressively advanced financial services. The credit union aims to provide its members with high-quality products and services at fair and competitive prices. The organization's financial stability is ensured through the adequate return on investments derived from these services, contributing to its growth and long-term sustainability.

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Impact




October, 2024

1376 Maumee Valley Credit Union Inc significantly impacts its community by offering a range of financial products and services tailored to the needs of its member owners in Toledo, Ohio. As a member-owned cooperative, it prioritizes the financial well-being of its members, ensuring that they have access to competitive loan and deposit options.

By fostering financial literacy and providing personalized services, the credit union contributes to the economic stability of its members, helping them achieve their financial goals. Additionally, the credit union’s commitment to fair pricing and quality products enhances its members' overall financial health, further promoting economic growth within the community.

Through its cooperative structure, Maumee Valley Credit Union also plays a vital role in empowering its members, creating a sense of community ownership and participation in financial decision-making. This not only supports individual financial success but also strengthens the local economy, illustrating the profound impact of their mission on the broader community.




This information is meant to be a general summary of 1376 Maumee Valley 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.

Revenue
$1,007,384 (2022)
Expenses
$1,055,472 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $149,133
  • Program Service Revenue: $855,949
  • Gross Receipts: $1,023,082

Assets and Liabilities:

  • Total Assets: $24,102,536
  • Total Liabilities: $21,599,393
  • Net Assets: $2,503,143

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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

$649,500

Fees to members

Revenue

$205,361

ATM surcharges to nonmembers

Revenue

$1,088

Organization Details

Founding Year

1998

Principal Officer

Rebecca Schroeder

Main Address

28 Fearing Boulevard North, Toledo, OH, 43607

NTEE Category

Code: W60 - Public benefit

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