Overview
What is Holy Redeemer Community Credit Union?
Holy Redeemer Community Credit Union is a nonprofit financial institution located at 3500 W Mother Daniels Way, Milwaukee, WI 53209. Established with a mission to promote savings and facilitate fair credit, the union aims to improve the economic and social conditions of its members. It operates on a democratic, not-for-profit basis, catering primarily to individuals with a shared bond. As of December 31, 2022, Holy Redeemer Community Credit Union had 10 active consumer loans and provided funding for 4 loans during the year. The organization is committed to serving low-moderate income individuals, offering them financial opportunities and support.
Is Holy Redeemer Community Credit Union legitimate?
Holy Redeemer Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Holy Redeemer 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:
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What is the mission statement of Holy Redeemer Community Credit Union?
Holy Redeemer Community Credit Union was established with the aim of promoting savings among its members. The primary objective is to provide them with an accessible source of credit at reasonable interest rates. The credit union also seeks to empower its members to enhance their economic and social conditions. It operates as a democratically owned and controlled not-for-profit institution, serving a group of individuals sharing a common bond. Notably, Holy Redeemer Community Credit Union aims to extend its services to individuals with low to moderate income.
Who is the CEO of Holy Redeemer Community Credit Union?
Lisa Neal is the Director of Holy Redeemer Community Credit Union.
What is the revenue of Holy Redeemer Community Credit Union?
Holy Redeemer Community Credit Union's revenue in 2022 was $17,939.
Who are the executives of Holy Redeemer Community Credit Union and what are their salaries?
There 2 volunteers at Holy Redeemer Community Credit Union.
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Where can I find the form 990 for Holy Redeemer Community Credit Union?
Holy Redeemer Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holy Redeemer Community Credit Union
Holy Redeemer Community Credit Union was established with a mission to foster financial responsibility among its members by promoting savings. The credit union aims to serve as a reliable and reasonable source of credit, offering fair interest rates. Its primary objective is to provide each member an opportunity to enhance their economic and social conditions. Beyond being a financial institution, Holy Redeemer Community Credit Union is a democratic, not-for-profit organization that is controlled and owned by a community of people sharing a common bond. The credit union's mission is to extend its services to individuals with low to moderate income, contributing to their overall financial well-being.
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Impact
October, 2024
Holy Redeemer Community Credit Union significantly impacts its members and the surrounding community by promoting financial well-being and stability. By encouraging thrift and savings among its members, the credit union fosters a culture of financial responsibility. It provides accessible credit at fair interest rates, helping individuals who may not have traditional banking options.
In 2022, Holy Redeemer funded four loans and maintained a portfolio of ten consumer loans, directly supporting members in their economic pursuits. This access to credit enables members to improve their economic and social conditions, empowering them to make essential purchases, invest in education, or start businesses.
Serving primarily low- to moderate-income individuals, Holy Redeemer creates a financial environment that is inclusive and supportive. Its democratic model ensures that members have a say in its operations, enhancing community engagement and trust. Through its focused efforts, Holy Redeemer Community Credit Union not only meets the financial needs of its members but also contributes to the overall economic upliftment of the Milwaukee community.
This information is meant to be a general summary of Holy Redeemer 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: $7,650
- Program Service Revenue: $10,289
- Gross Receipts: $17,939
Assets and Liabilities:
- Total Assets: $587,073
- Total Liabilities: $414,455
- Net Assets: $172,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Income on Loans
Revenue
$4,809
Fee Income
Revenue
$480
Member Education Services
Revenue
$5,000
Organization Details
Founding Year
1993
Phone
(414) 466-1800Principal Officer
Lisa Neal
Main Address
3500 W Mother Daniels Way, Milwaukee, WI, 53209
NTEE Category
Code: W60 - Public benefit
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