The Perfect Circle Credit Union

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

EIN: 356020587 ✦ Hagerstown, IN ✦ Designated as a 501(c)(14)

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Overview

What is The Perfect Circle Credit Union?

The Perfect Circle Credit Union is a member-owned financial cooperative, serving its community by offering savings and loan options. With a collective savings of over $55 million and loans granted to members exceeding $25.7 million, the credit union plays an essential role in its members' financial well-being. While primarily a financial institution, it operates with a cooperative focus, meaning its success is intertwined with the prosperity of its members.


Official website here: www.pccu.com

Is The Perfect Circle Credit Union legitimate?

The Perfect Circle Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Perfect Circle 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: $103,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,023,992

For more financial information, click here


Official website here: www.pccu.com

What is the mission statement of The Perfect Circle Credit Union?

The Perfect Circle Credit Union functions as a cooperative financial institution, facilitating savings and lending services for its members. With savings accumulating to $55,316,525.60 and loans issued to $25,728,217.56, the union aims to promote financial well-being among its members. By operating on a cooperative basis, the union allows its members to benefit financially, fostering an environment of collective financial growth.


Official website here: www.pccu.com

Who is the CEO of The Perfect Circle Credit Union?

Joshua Haney is the President of The Perfect Circle Credit Union.


Official website here: www.pccu.com

What is the revenue of The Perfect Circle Credit Union?

The Perfect Circle Credit Union's revenue in 2022 was $3,206,020.


Official website here: www.pccu.com

Who are the executives of The Perfect Circle Credit Union and what are their salaries?

The average compensation at The Perfect Circle Credit Union during 2022 was $33,161. There are 34 employees and 8 volunteers at The Perfect Circle Credit Union.


Here are 6 key members and their salaries:


Joshua Haney (President)
  • Compensation: $103,483
  • Related: $0
  • Other: $0
Michele Curry (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Davis (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Moore (Secretary - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Backmeyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Reagan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pccu.com

Where can I find the form 990 for The Perfect Circle Credit Union?

The Perfect Circle Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pccu.com

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

Mission Statement of The Perfect Circle Credit Union

The Perfect Circle Credit Union, as a cooperative financial institution, is dedicated to providing its members with financial services. Its mission is manifested through two primary programs: savings and loans. The savings program, totalling an impressive $55,316,525.60, allows members to accumulate funds for future needs. Simultaneously, the loan program, amounting to $25,728,217.56, provides members with the necessary financial assistance for various purposes. In essence, The Perfect Circle Credit Union operates as a financial cooperative, facilitating savings and lending opportunities for its members.

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Impact




October, 2024

The Perfect Circle Credit Union fosters economic growth and community development in Hagerstown, Indiana, through its cooperative financial services. By providing a platform for members to save, with total savings amounting to over $55 million, the credit union encourages financial discipline and wealth building within the community.

Additionally, with loans totaling over $25 million, it enables members to access essential funding for various purposes, including home purchases, education, and business investments. This combination of savings and lending not only strengthens individual financial health but also stimulates local economic activity. The credit union's operations underscore the importance of community support and mutual assistance, contributing significantly to the public benefit in the region.




This information is meant to be a general summary of The Perfect Circle 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
$3,206,020 (2022)
Expenses
$2,910,959 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $576,381
  • Program Service Revenue: $1,462,252
  • Gross Receipts: $3,213,331

Assets and Liabilities:

  • Total Assets: $66,207,125
  • Total Liabilities: $646,810
  • Net Assets: $65,560,315

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Programs

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

Loan Income

Revenue

$1,462,252

Organization Details

Founding Year

1932

Principal Officer

Joshua Haney

Main Address

PO Box 29 - 631 East Main Street, Hagerstown, IN, 47346

NTEE Category

Code: W61 - Public benefit

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