Overview
What is Credit Union Chartered In The 115 Lincoln Park Community Credit Union?
Credit Union Chartered In The 115 Lincoln Park Community Credit Union is a nonprofit financial institution based in Lincoln Park, Michigan. With a member count of 3,169 as of December 31, 2022, the credit union offers various deposit account options such as savings, checking, certificates, and more. Their mission is to encourage savings among its members, provide credit for productive purposes, and deliver secure, technologically advanced services. Situated at 1400 Emmons Blvd, the credit union is committed to this mission, ensuring the financial well-being of its members within the community.
Official website here: www.lpccu.coop
Is Credit Union Chartered In The 115 Lincoln Park Community Credit Union legitimate?
Credit Union Chartered In The 115 Lincoln Park Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Chartered In The 115 Lincoln Park 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: $124,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $253,835
For more financial information, click here
Official website here: www.lpccu.coop
What is the mission statement of Credit Union Chartered In The 115 Lincoln Park Community Credit Union?
The mission of Credit Union Chartered In The 115 Lincoln Park Community Credit Union is centered around promoting savings among its members and providing credit for productive purposes. Additionally, they prioritize delivering secure and technologically advanced services. This mission is reflected in their day-to-day activities, which include offering various deposit accounts such as savings, checking, certificates, and others. As of December 31, 2022, the credit union boasted a membership of 3,169 individuals.
Official website here: www.lpccu.coop
Who is the CEO of Credit Union Chartered In The 115 Lincoln Park Community Credit Union?
Crystal Hennig is the Ceo/Sec/Tres of Credit Union Chartered In The 115 Lincoln Park Community Credit Union. The CEO's salary of Credit Union Chartered In The 115 Lincoln Park Community Credit Union is $92,164 and their total compensation is $124,523.
Official website here: www.lpccu.coop
What is the revenue of Credit Union Chartered In The 115 Lincoln Park Community Credit Union?
Credit Union Chartered In The 115 Lincoln Park Community Credit Union's revenue in 2022 was $2,035,321.
Official website here: www.lpccu.coop
Who are the executives of Credit Union Chartered In The 115 Lincoln Park Community Credit Union and what are their salaries?
The average compensation at Credit Union Chartered In The 115 Lincoln Park Community Credit Union during 2022 was $37,836. There are 10 employees and 6 volunteers at Credit Union Chartered In The 115 Lincoln Park Community Credit Union.
Here are 7 key members and their salaries (Credit Union Chartered In The 115 Lincoln Park Community Credit Union's CEO's salary is $92,164 and their total compensation is $124,523):
- Compensation: $92,164
- Related: $0
- Other: $32,359
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lpccu.coop
Where can I find the form 990 for Credit Union Chartered In The 115 Lincoln Park Community Credit Union?
Credit Union Chartered In The 115 Lincoln Park Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpccu.coop
Learn more at the official website: www.lpccu.coop
Mission Statement of Credit Union Chartered In The 115 Lincoln Park Community Credit Union
Credit Union Chartered In The 115 Lincoln Park, as a financial institution, is committed to promoting savings among its members. This mission extends beyond just storing money; it also involves providing credit for productive purposes. The credit union aims to empower its members by offering secure, technologically advanced services. This means that members can trust the credit union to safeguard their savings and have access to credit when they need it for various productive purposes. The credit union's services are designed to meet the needs of its members, ensuring they can manage their finances effectively and make informed decisions about their financial future.
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Impact
October, 2024
The Credit Union Chartered In The 115 Lincoln Park Community Credit Union plays a significant role in enhancing the financial well-being of its members and the broader community in Lincoln Park, MI. By promoting savings among its 3,169 members, the credit union fosters a culture of financial literacy and stability. Members have access to a variety of deposit accounts, including savings, checking, and certificates, which support effective money management and encourage better financial planning.
In addition to promoting savings, the credit union provides credit for productive purposes, helping members secure loans for essential needs such as home improvements, education, or small business ventures. This availability of credit empowers individuals to achieve their personal and financial goals, contributing to overall community development.
The commitment to delivering secure, technologically advanced services ensures that members can comfortably engage with their finances in a modern landscape, enhancing accessibility and convenience. This focus on advanced technology not only improves user experience but also fosters greater engagement with financial products, further driving financial inclusion among a diverse member base.
Overall, the Credit Union Chartered In The 115 Lincoln Park Community Credit Union acts as a crucial financial partner, promoting savings, facilitating credit access, and utilizing technology to deliver services that meet the evolving needs of its community.
This information is meant to be a general summary of Credit Union Chartered In The 115 Lincoln Park 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 2022.
- Investment Income: $926,096
- Program Service Revenue: $1,109,225
- Gross Receipts: $4,764,823
Assets and Liabilities:
- Total Assets: $65,158,400
- Total Liabilities: $62,250,297
- Net Assets: $2,908,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee/Other Income
Revenue
$593,094
Insurance Income
Revenue
$9,189
Loan interest income
Revenue
$501,438
Non-Member ATM Fees
Revenue
$5,504
Organization Details
Founding Year
1936
Phone
(313) 389-2300Principal Officer
Crystal Hennig
Main Address
1400 EMMONS BLVD, LINCOLN PARK, MI, 48146
Website
www.lpccu.coopNTEE Category
Code: W60 - Public benefit
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