Overview
What is Bay Shore Credit Union?
Bay Shore Credit Union is a nonprofit financial institution located in Marinette, Wisconsin. Established with a mission to encourage savings among its members, provide affordable credit, and offer opportunities for economic and social improvement, the credit union serves a membership of 3,404 as of December 31, 2022. In 2022, it expanded its offerings by opening 212 new deposit accounts. The credit union's operations are centered around encouraging thrift and creating a fair and reasonable source of credit for its members. With a team of 14 employees, Bay Shore Credit Union continues to operate, serving its members by providing various types of deposit accounts.
Official website here: www.bayshorecu.org
Is Bay Shore Credit Union legitimate?
Bay Shore Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bay Shore 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: $93,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,819
For more financial information, click here
Official website here: www.bayshorecu.org
What is the mission statement of Bay Shore Credit Union?
Bay Shore Credit Union's mission is geared towards encouraging savings among its members, establishing a reliable and reasonably priced source of credit, and providing an opportunity for each member to enhance their economic and social conditions. The credit union aims to serve its members by offering various deposit accounts and promoting financial improvement. In 2022, Bay Shore Credit Union opened 212 new deposit accounts, demonstrating its commitment to expanding its membership base. As of December 31, 2022, the credit union had a membership of 3,404 individuals.
Official website here: www.bayshorecu.org
What is the revenue of Bay Shore Credit Union?
Bay Shore Credit Union's revenue in 2024 was $2,338,109.
Official website here: www.bayshorecu.org
Who are the executives of Bay Shore Credit Union and what are their salaries?
The average compensation at Bay Shore Credit Union during 2024 was $37,337. There are 12 employees and 5 volunteers at Bay Shore Credit Union.
Here are 6 key members and their salaries:
- Compensation: $92,872
- Related: $0
- Other: $26,268
- Compensation: $350
- Related: $0
- Other: $17
- Compensation: $0
- Related: $0
- Other: $17
- Compensation: $0
- Related: $0
- Other: $17
- Compensation: $0
- Related: $0
- Other: $17
- Compensation: $0
- Related: $0
- Other: $17
Official website here: www.bayshorecu.org
Where can I find the form 990 for Bay Shore Credit Union?
Bay Shore Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bayshorecu.org
Learn more at the official website: www.bayshorecu.org
Mission Statement of Bay Shore Credit Union
Bay Shore Credit Union, as a financial institution, is dedicated to promoting thrift among its members. Its primary objective is to establish a reliable and reasonably priced credit source for its members. Moreover, the credit union aims to provide an opportunity for each of its members to enhance their economic and social conditions. In essence, Bay Shore Credit Union serves to empower its members financially, fostering savings and offering accessible credit options.
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Impact
October, 2024
Bay Shore Credit Union fosters financial stability and growth within the Marinette community by promoting savings and facilitating access to affordable credit. In 2022 alone, the credit union added 212 new deposit accounts, reflecting its commitment to encouraging thrift among its 3,404 members. By providing various types of deposit accounts, Bay Shore Credit Union empowers individuals to manage their finances effectively, ultimately advancing their economic and social conditions. Its efforts contribute significantly to the wellbeing of its members, creating a positive ripple effect throughout the community.
This information is meant to be a general summary of Bay Shore 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: $922,812
- Program Service Revenue: $1,411,681
- Gross Receipts: $2,342,025
Assets and Liabilities:
- Total Assets: $44,922,514
- Total Liabilities: $38,331,310
- Net Assets: $6,591,204
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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
$1,078,440
OTHER MEMBER RELATED REVENUE
Revenue
$208,358
MEMBER FEE REVENUE
Revenue
$120,252
CVR-DMV FEE REVENUE
Revenue
$3,407
NON-MEMBER ATM FEES
Revenue
$1,224
Organization Details
Founding Year
1953
Principal Officer
Vicki Carviou
Website
www.bayshorecu.orgNTEE Category
Code: W60 - Public benefit
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