Overview
What is Northwest Community Credit Union?
Northwest Community Credit Union is a member-focused financial institution, headquartered with a mission to offer affordable loan and savings services on a cooperative basis. The organization's primary objective is to cater to its members' financial needs, as reflected in their Program Service revenue and expenses. By operating on a cooperative model, they strive to provide their members with financial products at lower costs, thereby promoting financial well-being within their community.
Official website here: www.nwccu.com
Is Northwest Community Credit Union legitimate?
Northwest Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northwest Community 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: $311,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,454
For more financial information, click here
Official website here: www.nwccu.com
What is the mission statement of Northwest Community Credit Union?
Northwest Community Credit Union's mission is centered around providing affordable loan and deposit services to its membership on a cooperative basis. The credit union operates with a focus on generating revenue through its Program Service activities, all while maintaining its commitment to its members. In essence, Northwest Community Credit Union aims to serve its member-base effectively by offering them financial products at reasonable prices, fostering a cooperative environment.
Official website here: www.nwccu.com
Who is the CEO of Northwest Community Credit Union?
Jose Garcia is the CEO of Northwest Community Credit Union The CEO's salary of Northwest Community Credit Union is $196,318 and their total compensation is $204,688.
Official website here: www.nwccu.com
What is the revenue of Northwest Community Credit Union?
Northwest Community Credit Union's revenue in 2024 was $2,896,692.
Official website here: www.nwccu.com
Who are the executives of Northwest Community Credit Union and what are their salaries?
The average compensation at Northwest Community Credit Union during 2024 was $61,482. There are 10 employees and 7 volunteers at Northwest Community Credit Union.
Here are 8 key members and their salaries (Northwest Community Credit Union's CEO's salary is $196,318 and their total compensation is $204,688):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $196,318
- Related: $0
- Other: $8,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $106,467
- Related: $0
- Other: $215
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nwccu.com
Where can I find the form 990 for Northwest Community Credit Union?
Northwest Community Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nwccu.com
Learn more at the official website: www.nwccu.com
Mission Statement of Northwest Community Credit Union
Northwest Community Credit Union, in its mission, aims to extend affordable loan and savings services to its membership on a cooperative basis. Established on the principles of mutual aid, this credit union offers its members various financial products at competitive prices. The organization's activities encompass both loans and deposits, ensuring that its members can access financial solutions that cater to their needs without incurring exorbitant costs. By operating on a cooperative basis, Northwest Community Credit Union fosters a sense of community and shared financial well-being among its members.
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Impact
October, 2024
Northwest Community Credit Union significantly enhances the financial well-being of its members by providing low-cost loan and deposit products. Located in Morton Grove, IL, the credit union operates on a cooperative basis, meaning its services are tailored to benefit its members directly rather than generating profits for shareholders. This focus allows individuals and families to access affordable financial options, supporting their personal and economic growth. By prioritizing member needs, Northwest Community Credit Union fosters community development and offers a public benefit, contributing to the overall stability and prosperity of the area it serves.
This information is meant to be a general summary of Northwest Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $477,523
- Program Service Revenue: $2,419,169
- Gross Receipts: $2,896,692
Assets and Liabilities:
- Total Assets: $64,457,976
- Total Liabilities: $59,028,309
- Net Assets: $5,429,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$2,285,876
FEE INCOME
Revenue
$78,117
COMMISSION AND INTERCH
Revenue
$55,176
Organization Details
Founding Year
1939
Principal Officer
Jose Garcia
Website
www.nwccu.comNTEE Category
Code: W60 - Public benefit
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