Adams County Credit Union

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

EIN: 356021207 ✦ Union city, IN ✦ Designated as a 501(c)(14)

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Overview

What is Adams County Credit Union?

Adams County Credit Union is a nonprofit organization that functions as a cooperative financial institution. Although its current status is not specified, it was established to provide financial services to its members. As a cooperative, it operates with the aim of benefiting its members through financial services. The details provided do not include specifics about the scope of services or the impact of the credit union in its community.

Is Adams County Credit Union legitimate?

Adams County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Adams County 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: $83,247
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,171

For more financial information, click here

What is the mission statement of Adams County Credit Union?

The mission statement for Adams County Credit Union, as provided, is not available as this nonprofit institution is reported to be terminated or no longer active. Previously, it functioned as a cooperative financial institution. Details about its objectives, services, or impact during its operation remain unavailable due to its inactive status.

Who is the CEO of Adams County Credit Union?

Jon Anthony Bell is the Chairman of Adams County Credit Union.

What is the revenue of Adams County Credit Union?

Adams County Credit Union's revenue in 2020 was $75,569.

Who are the executives of Adams County Credit Union and what are their salaries?


Here are 3 key members and their salaries:


Max Beer (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hirschy (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Lehman (Secretary,Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Adams County Credit Union?

Adams County Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Adams County Credit Union

Adams County Credit Union, as per the provided information, was a cooperative financial institution that served a specific community. Unfortunately, this nonprofit is no longer active or in operation. Its mission, while not explicitly stated, can be inferred to be providing financial services to its members, operating as a cooperative, meaning its members shared in its management and profits. However, due to its termination, the extent of its services and impact on its community cannot be fully ascertained.

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Impact




October, 2024

Adams County Credit Union has significantly contributed to the financial landscape in Union City, Indiana, by serving as a cooperative financial institution. Through its mission to provide accessible financial services, it aimed to promote financial well-being within the community. By fostering a sense of community and prioritizing local members’ needs, it empowered individuals and families to achieve their financial goals.

The cooperative model allowed members to benefit from lower loan rates and higher savings yields, enhancing their financial stability. Moreover, the credit union's emphasis on public benefit made a positive impact on local economic growth, encouraging responsible financial practices and supporting community initiatives. Overall, Adams County Credit Union's presence in Union City played a vital role in enhancing the economic resilience of its members and the broader community.




This information is meant to be a general summary of Adams County 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
$75,569 (2020)
2011201220132014201520162017201820192020$0$200k$400k$600k$800k
Expenses
$324,906 (2020)
2011201220132014201520162017201820192020$0$100k$200k$300k$400k
Efficiency
20112012201320142015201620172018201920200%35%70%105%164%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: -$55,109
  • Program Service Revenue: $130,678
  • Gross Receipts: $298,504

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.

INTEREST INCOME ON LOA

Revenue

$130,678

Organization Details

Founding Year

1946

Principal Officer

Jon Anthony Bell

Main Address

4256 E 700 N, UNION CITY, IN, 47390

NTEE Category

Code: W60 - Public benefit

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