Overview
What is River Valley Credit Union?
River Valley Credit Union is a nonprofit financial institution located at 7177 Headley Street SE, Ada, Michigan 49301. With a membership of 9,814 individuals as of December 31, 2022, the credit union offers various deposit options such as savings, checking, certificates, and more. The primary mission of River Valley Credit Union is to provide financial services and products to its members, ensuring they have access to essential financial resources. The credit union employs a team of 33 individuals, dedicated to serving its members effectively.
Official website here: www.myrivervalleycu.org
What do the Facebook reviews say about River Valley Credit Union?
88% of 63 reviewers on Facebook recommend River Valley Credit Union. Here is a summary of their reviews:
Many users express gratitude for the personalized assistance they received, particularly highlighting how staff members have gone above and beyond to help with financial needs, such as securing loans for medical expenses. One reviewer mentioned how Jennifer provided essential support for a loan related to upcoming medical bills, emphasizing the credit union's commitment to assisting individuals in challenging situations.
Overall, the sentiment towards River Valley Credit Union is positive, with members appreciating the attentive service and practical support offered by the team. The organization appears to effectively meet the financial needs of its community, particularly during difficult times.
This AI summary has been generated from reviews found on Facebook.
Is River Valley Credit Union legitimate?
River Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. River Valley 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: $180,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,352,298
For more financial information, click here
Official website here: www.myrivervalleycu.org
What is the mission statement of River Valley Credit Union?
River Valley Credit Union's mission, as stated, is centered around providing financial services and products to its members. This mission is carried out diligently, as evident by the variety of deposit accounts offered, such as savings, checking, certificates, and others. The credit union serves a membership base of 9,814 individuals as of December 31, 2022. The organization's primary goal is to cater to the financial needs of its members, ensuring they have the necessary tools to manage their finances effectively.
Official website here: www.myrivervalleycu.org
Who is the CEO of River Valley Credit Union?
Judy Beal is the Secretary of River Valley Credit Union. The CEO's salary of River Valley Credit Union is $166,143 and their total compensation is $180,268.
Official website here: www.myrivervalleycu.org
What is the revenue of River Valley Credit Union?
River Valley Credit Union's revenue in 2022 was $6,576,697.
Official website here: www.myrivervalleycu.org
Who are the executives of River Valley Credit Union and what are their salaries?
The average compensation at River Valley Credit Union during 2022 was $46,441. There are 33 employees and 7 volunteers at River Valley Credit Union.
Here are 10 key members and their salaries (River Valley Credit Union's CEO's salary is $166,143 and their total compensation is $180,268):
- Compensation: $166,143
- Related: $0
- Other: $14,125
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.myrivervalleycu.org
Where can I find the form 990 for River Valley Credit Union?
River Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myrivervalleycu.org
Learn more at the official website: www.myrivervalleycu.org
Mission Statement of River Valley Credit Union
River Valley Credit Union, as stated in its mission description, is dedicated to serving its members by providing them with a variety of financial services and products. This nonprofit organization's primary objective is to cater to the financial needs of its members, offering them savings, checking, certificates, and other accounts. As of December 31, 2022, the credit union boasts a membership of 9,814 individuals. In essence, River Valley Credit Union's mission is centered around providing financial assistance and support to its members, ensuring they have the necessary tools to manage their finances effectively.
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Impact
October, 2024
River Valley Credit Union significantly impacts its community by providing essential financial services and products to its members. With a diverse array of deposit account types, including savings, checking, and certificates, the Credit Union plays a vital role in the financial well-being of its members in Ada, Michigan. As of December 31, 2022, it serves nearly 10,000 members, facilitating their access to banking services that can help improve financial stability and foster economic growth within the local community. By prioritizing member needs and delivering valuable financial resources, River Valley Credit Union enhances the overall quality of life for individuals and families in the area.
This information is meant to be a general summary of River Valley 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: $928,989
- Program Service Revenue: $5,647,708
- Gross Receipts: $6,576,697
Assets and Liabilities:
- Total Assets: $128,937,343
- Total Liabilities: $117,373,484
- Net Assets: $11,563,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Other Charges
Revenue
$1,543,365
Insurance Income
Revenue
$213,233
Interchange Debit Card
Revenue
$24,982
Interest on Loans
Revenue
$2,749,987
Other Operating Income
Revenue
$1,113,114
Organization Details
Founding Year
1965
Phone
(616) 787-7481Principal Officer
Judy Beal
Main Address
7177 Headley St SE, Ada, MI, 49301
Website
www.myrivervalleycu.orgNTEE Category
Code: W60 - Public benefit
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