Overview
What is Racine Municipal Employees Credit Union?
Racine Municipal Employees Credit Union is a nonprofit financial institution located at 1907 Lathrop Avenue, Racine, Wisconsin. With a strong commitment to its members, the credit union offers various deposit accounts and reported opening 309 new accounts in 2022. As of December 31, 2022, the credit union boasts a membership of 1,837 individuals. Their mission is to excel in providing services to both present and prospective members in a friendly and helpful manner, while ensuring the credit union's long-term financial stability. With a team of five dedicated employees, the credit union aims to cater to the financial needs of its members in an efficient and supportive manner.
Official website here: www.rmecu.org
Is Racine Municipal Employees Credit Union legitimate?
Racine Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Racine Municipal Employees 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: $79,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,223
For more financial information, click here
Official website here: www.rmecu.org
What is the mission statement of Racine Municipal Employees Credit Union?
The Racine Municipal Employees Credit Union is committed to delivering exceptional services to both existing and potential members in a welcoming and supportive manner. This mission is carried out while prioritizing the credit union's long-term financial stability. The credit union offers various deposit account options to its members, with 309 new accounts being opened in 2022, and as of December 31, 2022, they had a membership of 1,837 individuals.
Official website here: www.rmecu.org
What is the revenue of Racine Municipal Employees Credit Union?
Racine Municipal Employees Credit Union's revenue in 2024 was $1,113,341.
Official website here: www.rmecu.org
Who are the executives of Racine Municipal Employees Credit Union and what are their salaries?
The average compensation at Racine Municipal Employees Credit Union during 2024 was $42,881. There are 6 employees and 7 volunteers at Racine Municipal Employees Credit Union.
Here are 8 key members and their salaries:
- Compensation: $79,064
- Related: $0
- Other: $9,755
- 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.rmecu.org
Where can I find the form 990 for Racine Municipal Employees Credit Union?
Racine Municipal Employees Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rmecu.org
Learn more at the official website: www.rmecu.org
Mission Statement of Racine Municipal Employees Credit Union
Racine Municipal Employees Credit Union is committed to excelling in delivering services to its current and potential members in a friendly and helpful manner. This mission is aimed at ensuring the long-term financial stability of the credit union. The credit union's approach is to provide its members with various deposit account options, and in 2022, they opened 309 new deposit accounts. As of December 31, 2022, the credit union boasted a membership of 1,837 individuals. The credit union's dedication to its members and financial stability is evident in its operations.
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Impact
October, 2024
Racine Municipal Employees Credit Union plays a vital role in the financial wellbeing of its community by offering a range of deposit accounts tailored to meet the needs of its members. In 2022, the credit union welcomed 309 new deposit accounts, reflecting its commitment to expanding access to financial services for both existing and prospective members. With a membership base of 1,837 individuals as of December 31, 2022, the credit union fosters an inclusive environment that prioritizes friendly and helpful service. This focus not only enhances member experience but also contributes to the long-term financial stability of the institution, ensuring that members can rely on it for their financial needs. Ultimately, Racine Municipal Employees Credit Union is instrumental in promoting financial literacy and empowerment within the Racine community, delivering benefits that extend beyond individual members to the public at large.
This information is meant to be a general summary of Racine Municipal Employees 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: $200,189
- Program Service Revenue: $909,392
- Gross Receipts: $1,113,341
Assets and Liabilities:
- Total Assets: $21,352,748
- Total Liabilities: $18,864,279
- Net Assets: $2,488,469
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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
$709,650
OTHER MEMBER RELATED INCOME
Revenue
$133,285
MEMBER FEE INCOME
Revenue
$66,457
Organization Details
Founding Year
1953
Principal Officer
Nicole Christensen-Zabler
Website
www.rmecu.orgNTEE Category
Code: W60 - Public benefit
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