Overview
What is 1087 Millstream Area Credit Union Inc?
1087 Millstream Area Credit Union Inc is a member-focused financial institution located within its community. With a mission to foster savings and extend credit opportunities, this nonprofit credit union provides a range of high-quality financial services. By adhering to the principle of promoting thrift and providing credit, 1087 Millstream Area Credit Union Inc positively impacts its members' financial well-being.
Official website here: www.millstreamcu.com
Is 1087 Millstream Area Credit Union Inc legitimate?
1087 Millstream Area Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1087 Millstream 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: $205,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,469
For more financial information, click here
Official website here: www.millstreamcu.com
What is the mission statement of 1087 Millstream Area Credit Union Inc?
The mission of 1087 Millstream Area Credit Union Inc. is centered around fostering savings and extending credit to its members. By offering top-notch financial services, this credit union works towards promoting thrift and ensuring financial assistance for its members.
Official website here: www.millstreamcu.com
Who is the CEO of 1087 Millstream Area Credit Union Inc?
Joshua Reams is the Director of 1087 Millstream Area Credit Union Inc. The CEO's salary of 1087 Millstream Area Credit Union Inc is $127,915 and their total compensation is $127,915.
Official website here: www.millstreamcu.com
What is the revenue of 1087 Millstream Area Credit Union Inc?
1087 Millstream Area Credit Union Inc's revenue in 2022 was $3,889,047.
Official website here: www.millstreamcu.com
Who are the executives of 1087 Millstream Area Credit Union Inc and what are their salaries?
The average compensation at 1087 Millstream Area Credit Union Inc during 2022 was $23,604. There are 38 employees and 7 volunteers at 1087 Millstream Area Credit Union Inc.
Here are 9 key members and their salaries (1087 Millstream Area Credit Union Inc's CEO's salary is $127,915 and their total compensation is $127,915):
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- Compensation: $77,564
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- Compensation: $127,915
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Official website here: www.millstreamcu.com
Where can I find the form 990 for 1087 Millstream Area Credit Union Inc?
1087 Millstream Area Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millstreamcu.com
Learn more at the official website: www.millstreamcu.com
Mission Statement of 1087 Millstream Area Credit Union Inc
1087 Millstream Area Credit Union Inc, as a financial institution, is committed to promoting thrift and providing credit for its members. This mission is carried out by offering quality financial services. The credit union's primary goal is to encourage its members to save, thereby promoting thrift. Simultaneously, it also provides credit to its members when needed, thereby fulfilling its purpose of being a credit provider. By doing so, 1087 Millstream Area Credit Union Inc plays a vital role in helping its members manage their finances effectively.
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Impact
October, 2024
1087 Millstream Area Credit Union Inc significantly impacts its community in Findlay, Ohio, by promoting thrift and providing vital credit services to its members. By focusing on quality financial services, the credit union empowers individuals to manage their finances effectively, helping them save and invest in their futures. This support fosters financial stability and growth within the community, which contributes to economic development.
Through its initiatives, the credit union plays a critical role in enhancing the financial literacy of its members, ensuring they have access to the resources necessary for making informed financial decisions. The emphasis on promoting thrift encourages responsible saving habits, which can lead to a more financially secure membership base. Furthermore, by providing accessible credit options, the credit union helps members achieve their goals—whether it be purchasing a home, funding education, or starting a business—thereby strengthening the local economy.
In summary, 1087 Millstream Area Credit Union Inc not only fulfills the financial needs of its members but also nurtures a culture of saving and responsible financial management, which has a lasting positive impact on the broader community.
This information is meant to be a general summary of 1087 Millstream 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: $258,139
- Program Service Revenue: $3,630,908
- Gross Receipts: $3,889,047
Assets and Liabilities:
- Total Assets: $59,777,418
- Total Liabilities: $54,311,320
- Net Assets: $5,466,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND COMMISSIONS
Revenue
$1,918,706
INTEREST ON LOANS
Revenue
$1,661,884
OTHER INCOME
Revenue
$50,318
Organization Details
Founding Year
1966
Phone
(419) 422-5626Principal Officer
Joshua Reams
Main Address
1007 WESTERN AVENUE, FINDLAY, OH, 45840
Website
www.millstreamcu.comIf you are a representative of 1087 Millstream Area Credit Union Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.