Latvian Cleveland Credit Union Inc

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

EIN: 346533876 ✦ Lakewood, OH ✦ Designated as a 501(c)(14)

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Overview

What is Latvian Cleveland Credit Union Inc?

Latvian Cleveland Credit Union Inc, situated in Lakewood, Ohio, functions as a credit union, acting as a financial aid provider for individuals in need. As a nonprofit organization, it falls under the credit union category, offering financial services to its members. The union's primary mission is to assist individuals in managing their finances, providing them with the necessary support to achieve their financial goals.


Official website here: www.latvianclevelandcu.org

Is Latvian Cleveland Credit Union Inc legitimate?

Latvian Cleveland Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Latvian Cleveland 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: $88,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,772

For more financial information, click here


Official website here: www.latvianclevelandcu.org

What is the mission statement of Latvian Cleveland Credit Union Inc?

The Latvian Cleveland Credit Union Inc serves as a financial aid provider, functioning as a credit union. Its mission is to assist individuals in need of financial support. This community-focused organization operates within the category of credit unions. Although the provided information does not include a specific mission statement, it can be inferred that the primary goal of the credit union is to provide financial services and aid to its members.


Official website here: www.latvianclevelandcu.org

Who is the CEO of Latvian Cleveland Credit Union Inc?

Robert Junge is the President of Latvian Cleveland Credit Union Inc. The CEO's salary of Latvian Cleveland Credit Union Inc is $88,703 and their total compensation is $88,703.


Official website here: www.latvianclevelandcu.org

What is the revenue of Latvian Cleveland Credit Union Inc?

Latvian Cleveland Credit Union Inc's revenue in 2022 was $950,859.


Official website here: www.latvianclevelandcu.org

Who are the executives of Latvian Cleveland Credit Union Inc and what are their salaries?

The average compensation at Latvian Cleveland Credit Union Inc during 2022 was $47,495. There are 5 employees and 9 volunteers at Latvian Cleveland Credit Union Inc.


Here are 10 key members and their salaries (Latvian Cleveland Credit Union Inc's CEO's salary is $88,703 and their total compensation is $88,703):


Andris Celcherts (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
N Gint Strautnieks (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nora Hurley (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Grava (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Tomko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristaps Daukss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hilda Frigic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonas Muliolis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Koch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Junge (Ceo)
  • Compensation: $88,703
  • Related: $0
  • Other: $0


Official website here: www.latvianclevelandcu.org

Where can I find the form 990 for Latvian Cleveland Credit Union Inc?

Latvian Cleveland Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.latvianclevelandcu.org

Learn more at the official website: www.latvianclevelandcu.org

Mission Statement of Latvian Cleveland Credit Union Inc

Latvian Cleveland Credit Union, denoted as 959, serves as a financial institution with a mission to aid individuals in need of financial assistance. Situated within the realm of credit unions, this organization offers its services to its members, functioning as a cooperative alternative to traditional banks. The primary objective of 959 is to provide financial aid to its members, operating as a not-for-profit entity that prioritizes its members' best interests above its own profit.

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Impact




October, 2024

Latvian Cleveland Credit Union Inc plays a significant role in the financial landscape of Lakewood, OH, by providing essential financial services to the community. As a credit union, it offers a range of products and services designed to meet the needs of its members, including savings accounts, loans, and other financial aid options.

The organization fosters a sense of community among its members, promoting financial literacy and responsible money management. By offering competitive rates and personalized service, it helps individuals achieve their financial goals while encouraging saving and investment.

Furthermore, the credit union contributes to the local economy by reinvesting its earnings back into the community, supporting various initiatives that enhance public welfare. This commitment to community-focused financial services strengthens economic stability and fosters a supportive environment for individuals seeking financial assistance.




This information is meant to be a general summary of Latvian Cleveland 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
$950,859 (2022)
Expenses
$751,837 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $123,960
  • Program Service Revenue: $739,487
  • Gross Receipts: $950,859

Assets and Liabilities:

  • Total Assets: $32,593,518
  • Total Liabilities: $27,373,119
  • Net Assets: $5,220,399

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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

$713,413

FEE INCOME

Revenue

$26,074

Organization Details

Founding Year

1960

Principal Officer

Robert Junge

Main Address

1385 ANDREWS AVENUE, LAKEWOOD, OH, 44107

NTEE Category

Code: W60 - Public benefit

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