Superior Savings Credit Union

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

EIN: 346612882 ✦ Massillon, OH ✦ Designated as a 501(c)(14)

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Overview

What is Superior Savings Credit Union?

Superior Savings Credit Union is a financial institution located at 1807 Lincoln Way East, Massillon, Ohio 44646. Its primary role is to offer financial services, notably loans, to its members. The credit union aims to foster financial flexibility and encourage savings through various loan categories such as automobile, mortgage, share-secured, home improvement, personal, and various other loan options. The organization's mission, as declared by its board of directors, is centered on lending to members, with lending playing a significant role in the credit union's overall success.


Official website here: www.superiorsavingscu.com

Is Superior Savings Credit Union legitimate?

Superior Savings Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Superior Savings Credit Union 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: $68,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,406

For more financial information, click here


Official website here: www.superiorsavingscu.com

What is the mission statement of Superior Savings Credit Union?

The Superior Savings Credit Union, guided by its board of directors, primarily focuses on granting loans to its members. Lending plays a significant role in the credit union's success. The credit union strives to offer financial flexibility to its members by providing various types of loans, including automobile loans, mortgage loans, share-secured loans, home improvement loans, personal loans, and several other categories. The primary mission of the credit union is to grant loans to its members, with lending being an integral part of its operations.


Official website here: www.superiorsavingscu.com

Who is the CEO of Superior Savings Credit Union?

Deborah Carpenter is the President of Superior Savings Credit Union. The CEO's salary of Superior Savings Credit Union is $66,556 and their total compensation is $68,010.


Official website here: www.superiorsavingscu.com

What is the revenue of Superior Savings Credit Union?

Superior Savings Credit Union's revenue in 2023 was $5,179.


Official website here: www.superiorsavingscu.com

Who are the executives of Superior Savings Credit Union and what are their salaries?

There 6 volunteers at Superior Savings Credit Union.


Here are 7 key members and their salaries (Superior Savings Credit Union's CEO's salary is $66,556 and their total compensation is $68,010):


Sandra Norman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Fruchey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Middaugh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dourm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Downing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah J Carpenter (Ceo)
  • Compensation: $66,556
  • Related: $0
  • Other: $1,454


Official website here: www.superiorsavingscu.com

Where can I find the form 990 for Superior Savings Credit Union?

Superior Savings Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.superiorsavingscu.com

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

Mission Statement of Superior Savings Credit Union

Superior Savings Credit Union, a financial institution that serves its members, has a primary mission centered around granting loans. The board of directors has explicitly stated this intent, emphasizing the significant role of lending in the credit union's success. Lending is an integral part of their operations, ensuring that they continue to thrive while providing financial services to their members.

The credit union offers its members various types of loans to foster financial flexibility and encourage savings. These loans cater to various categories, including automobile loans, mortgage loans, share-secured loans, home improvement loans, personal loans, and other miscellaneous types. By offering these loan options, Superior Savings Credit Union aims to meet the diverse financial needs of its members, thereby strengthening its bond with them and contributing to their overall financial well-being.

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Impact




October, 2024

Superior Savings Credit Union significantly impacts the Massillon community by providing essential financial services designed to enhance its members' financial well-being. By granting a diverse range of loans, including automobile, mortgage, share-secured, home improvement, and personal loans, the credit union empowers individuals to achieve their financial goals, whether it’s buying a new car, improving their home, or managing unexpected expenses.

The organization emphasizes financial flexibility, encouraging members to save while offering accessible lending options tailored to their needs. This focus on lending not only supports individual members but also fosters broader economic growth within the community. The Board of Directors is committed to prioritizing loans as the primary mission, ensuring that the credit union's activities are aligned with the financial interests of its members.

Through these efforts, Superior Savings Credit Union strengthens the local economy and promotes a culture of financial responsibility and empowerment among its members.




This information is meant to be a general summary of Superior Savings Credit Union. 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
$5,179 (2023)
Expenses
$521,587 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$141,679
  • Program Service Revenue: $145,615
  • Gross Receipts: $5,179

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER LOANS-INTEREST

Revenue

$100,803

SHARE DRAFT FEES

Revenue

$39,285

DEBIT CARD PROGRAM

Revenue

$5,527

Organization Details

Founding Year

1968

Principal Officer

Deborah Carpenter

Main Address

1807 LINCOLN WAY EAST, MASSILLON, OH, 44646

NTEE Category

Code: W60 - Public benefit

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