Overview
What is Martin County Cooperative?
Martin County Cooperative, established as a state-chartered cooperative credit union, is dedicated to serving its members by providing both loans and deposit services. This nonprofit organization operates under a unique structure, ensuring its members have access to financial services. Its primary mission revolves around offering credit and savings options within the community, fostering financial stability and growth for its members.
Is Martin County Cooperative legitimate?
Martin County Cooperative is a legitimate nonprofit organization registered as a 501(c)(14) entity. Martin County Cooperative 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,161
For more financial information, click here
What is the mission statement of Martin County Cooperative?
The Martin County Cooperative, functioning as a state-chartered cooperative credit union, is dedicated to offering financial assistance to its members through loans and deposit services. Its mission, in essence, is to serve its membership base by providing these financial tools, operating under the framework of a state-sanctioned credit union program.
Who is the CEO of Martin County Cooperative?
Michael Hurt is the Treasurer of Martin County Cooperative.
What is the revenue of Martin County Cooperative?
Martin County Cooperative's revenue in 2022 was $722,519.
Who are the executives of Martin County Cooperative and what are their salaries?
The average compensation at Martin County Cooperative during 2022 was $31,632. There are 5 employees at Martin County Cooperative.
Here are 7 key members and their salaries:
- Compensation: $1,700
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,120
- Related: $0
- Other: $0
- Compensation: $1,080
- Related: $0
- Other: $0
Where can I find the form 990 for Martin County Cooperative?
Martin County Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Martin County Cooperative
Martin County Co-Op Credit Union, as a state-chartered cooperative, is dedicated to serving its members by offering them both loans and deposit options. The mission of this credit union is centered around its cooperative structure, which allows it to extend financial assistance to its member base. This credit union operates under a state-chartered program, highlighting its commitment to adhering to regulatory standards and providing reliable financial services to its members.
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Impact
October, 2024
Martin County Cooperative plays a vital role in the financial well-being of its members by offering accessible loan and deposit services through its state-chartered credit union. Based in Loogootee, Indiana, it fosters economic growth by providing vital financial resources that empower individuals and families to achieve their goals. By facilitating loans, Martin County Cooperative enables members to invest in homes, education, and businesses, contributing to community development and improvement. The cooperative structure emphasizes member engagement and support, allowing individuals to partake in a collective financial journey that strengthens the local economy. Through its services, Martin County Cooperative not only enhances financial literacy and stability but also builds a strong sense of community among its members.
This information is meant to be a general summary of Martin County Cooperative. 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.
- Program Service Revenue: $722,519
- Gross Receipts: $722,519
Assets and Liabilities:
- Total Assets: $18,514,659
- Total Liabilities: $15,825,253
- Net Assets: $2,689,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$642,057
MISC SERVICE REVENUE
Revenue
$51,528
INTEREST FROM CD'S
Revenue
$25,023
FEES & CHARGES
Revenue
$3,911
Organization Details
Founding Year
1948
Phone
(812) 295-3484Principal Officer
Michael Hurt
Main Address
PO BOX 183, LOOGOOTEE, IN, 47553
NTEE Category
Code: S20 - Community improvement
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