Overview
What is Forward Financial Credit Union?
Forward Financial Credit Union is a member-driven financial institution based on community principles, committed to serving its members, particularly low-income and underserved populations. Through cost-effective financial services, it caters to its members' savings, certificate of deposit, money markets, checking, and IRA needs. Additionally, it provides cash handling and checking services exclusively for its members. As a community-focused institution, Forward Financial Credit Union aims to meet its members' financial requirements in a responsible and affordable manner.
Official website here: www.forwardfinancialcu.com
Is Forward Financial Credit Union legitimate?
Forward Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Forward Financial 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: $284,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $973,004
For more financial information, click here
Official website here: www.forwardfinancialcu.com
What is the mission statement of Forward Financial Credit Union?
Forward Financial Credit Union, as a member-owned and directed financial institution, is committed to addressing the financial needs of its members, particularly those from low-income and underserved populations. The credit union achieves this goal by providing cost-effective financial services. Its mission includes serving the present and future financial requirements of its members, ensuring affordability and accessibility for all. The institution's activities encompass various financial services, such as savings, certificates of deposit, money markets, checking accounts, and Individual Retirement Accounts (IRAs). Moreover, Forward Financial Credit Union offers cash handling services exclusively for its members.
Official website here: www.forwardfinancialcu.com
Who is the CEO of Forward Financial Credit Union?
Tammy Young is the Chairperson of Forward Financial Credit Union. The CEO's salary of Forward Financial Credit Union is $109,027 and their total compensation is $131,409.
Official website here: www.forwardfinancialcu.com
What is the revenue of Forward Financial Credit Union?
Forward Financial Credit Union's revenue in 2022 was $3,922,545.
Official website here: www.forwardfinancialcu.com
Who are the executives of Forward Financial Credit Union and what are their salaries?
The average compensation at Forward Financial Credit Union during 2022 was $24,667. There are 51 employees and 3 volunteers at Forward Financial Credit Union.
Here are 11 key members and their salaries (Forward Financial Credit Union's CEO's salary is $109,027 and their total compensation is $131,409):
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $109,027
- Related: $0
- Other: $22,382
- Compensation: $86,766
- Related: $0
- Other: $4,358
- Compensation: $79,250
- Related: $0
- Other: $8,182
Official website here: www.forwardfinancialcu.com
Where can I find the form 990 for Forward Financial Credit Union?
Forward Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forwardfinancialcu.com
Learn more at the official website: www.forwardfinancialcu.com
Mission Statement of Forward Financial Credit Union
Forward Financial Credit Union, as a member-owned and directed community financial institution, is committed to serving the present and future financial needs of its members, particularly those from low-income and underserved populations. This financial organization is dedicated to providing cost-effective financial services, ensuring that its services are accessible and affordable for all its members. The credit union's mission is to contribute positively to the financial well-being of its community by offering various financial products and services, such as savings accounts, certificates of deposit, money markets, checking accounts, and Individual Retirement Accounts (IRAs). Moreover, Forward Financial Credit Union extends its services to its members by providing cash handling and checking cash services. The credit union's mission reflects its commitment to fostering financial inclusion and empowering its members to achieve their financial goals, regardless of their income level or financial circumstances.
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Impact
October, 2024
Forward Financial Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members, especially focusing on low-income and underserved populations. Located in Niagara, WI, it operates as a member-owned institution, ensuring that the interests of its members guide its services and operations.
The credit union offers a diverse range of cost-effective financial products, including savings accounts, certificates of deposit, money markets, checking accounts, and IRAs. This variety of services empowers members to manage their finances effectively and build their financial futures. Additionally, Forward Financial Credit Union facilitates cash handling and check-cashing services exclusively for its members, further enhancing its role in supporting local economic activity.
Through these offerings, Forward Financial Credit Union not only addresses the immediate financial needs of individuals but also contributes to the broader wellbeing of the community by promoting financial literacy and stability among its members. Its commitment to serving all members fosters a sense of belonging and encourages financial growth, ultimately enhancing the community’s overall economic health.
This information is meant to be a general summary of Forward Financial 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: $499,245
- Program Service Revenue: $3,423,300
- Gross Receipts: $3,922,545
Assets and Liabilities:
- Total Assets: $95,158,001
- Total Liabilities: $87,394,287
- Net Assets: $7,763,714
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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
$2,455,887
INTERCHANGE INCOME
Revenue
$418,958
FEE INCOME
Revenue
$401,519
INSURANCE INCOME
Revenue
$136,010
OTHER INCOME
Revenue
$10,926
Organization Details
Founding Year
1948
Phone
(715) 251-4546Principal Officer
Tammy Young
Main Address
1250 ROOSEVELT ROAD, NIAGARA, WI, 541510048
Website
www.forwardfinancialcu.comNTEE Category
Code: W60 - Public benefit
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