Overview
What is Madison Fire Department Credit Union?
Madison Fire Department Credit Union is a small yet dedicated financial institution, serving its members in Madison, Wisconsin. With a commitment to providing reliable and trustworthy financial services, it prides itself on fostering an environment where members can interact with mutual respect and dignity. The credit union offers various deposit accounts and opened 27 new ones in 2022. As of December 31, 2022, it had a membership of 842 individuals. The credit union lends money in a responsible manner, ensuring a fair and competitive return on investments while maintaining financial stability. With only two employees, the credit union demonstrates its dedication to serving its members effectively.
Official website here: www.mfdcu.org
Is Madison Fire Department Credit Union legitimate?
Madison Fire Department Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Madison Fire Department 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: $43,638
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,748
For more financial information, click here
Official website here: www.mfdcu.org
What is the mission statement of Madison Fire Department Credit Union?
The Madison Fire Department Credit Union is dedicated to offering its members reliable and secure financial services. It strives to create an atmosphere where members can interact with mutual trust, respect, and dignity, fostering a sense of pride and ownership. The credit union provides loans in a prudent and discreet manner, adhering to its written policy. Members are ensured a fair and competitive return on their investments, while the financial stability of the credit union is maintained.
Official website here: www.mfdcu.org
Who is the CEO of Madison Fire Department Credit Union?
Stephen Krieger is the President of Madison Fire Department Credit Union.
Official website here: www.mfdcu.org
What is the revenue of Madison Fire Department Credit Union?
Madison Fire Department Credit Union's revenue in 2022 was $161,832.
Official website here: www.mfdcu.org
Who are the executives of Madison Fire Department Credit Union and what are their salaries?
The average compensation at Madison Fire Department Credit Union during 2022 was $25,693. There are 2 employees and 5 volunteers at Madison Fire Department Credit Union.
Here are 6 key members and their salaries:
- Compensation: $43,638
- Related: $0
- Other: $3,491
- 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.mfdcu.org
Where can I find the form 990 for Madison Fire Department Credit Union?
Madison Fire Department Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mfdcu.org
Learn more at the official website: www.mfdcu.org
Mission Statement of Madison Fire Department Credit Union
The Madison Fire Department Credit Union is dedicated to offering its members reliable and secure financial services. The credit union fosters an atmosphere where members can engage with mutual trust, respect, and dignity, fostering a sense of pride and ownership. The financial institution provides loans in a prudent, sound, and discreet manner, adhering to its written policy. The members are assured of a fair and competitive return on their investments, while the credit union maintains its financial stability.
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Impact
October, 2024
Madison Fire Department Credit Union plays a vital role in enhancing the financial well-being of its members. Committed to sound and dependable financial service, the credit union fosters an environment built on mutual trust, respect, and dignity, creating a strong sense of pride and ownership among its members.
By providing a variety of deposit accounts, the credit union not only meets the diverse financial needs of its members but also encourages savings and responsible financial planning. In 2022, the credit union opened 27 new deposit accounts, reflecting its commitment to growth and accessibility. With a membership of 842 individuals as of December 31, 2022, it serves as a robust support system for those connected to the Madison fire community and beyond.
The focus on providing loans in a prudent and discreet manner ensures that members have access to necessary financial resources while maintaining the overall financial stability of the organization. Importantly, all members are guaranteed a fair and competitive return on their investments, reinforcing the credit union's dedication to advancing the financial interests of its community. Through these endeavors, Madison Fire Department Credit Union significantly impacts the lives of its members, bolstering both individual financial health and the broader community.
This information is meant to be a general summary of Madison Fire Department 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: $8,688
- Program Service Revenue: $152,407
- Gross Receipts: $161,832
Assets and Liabilities:
- Total Assets: $4,920,106
- Total Liabilities: $4,047,884
- Net Assets: $872,222
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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
$150,742
OTHER MEMBER RELATED INCOME
Revenue
$1,665
Organization Details
Founding Year
1931
Phone
(608) 266-4952Principal Officer
Stephen Krieger
Main Address
1437 MONROE STREET, MADISON, WI, 53711
Website
www.mfdcu.orgNTEE Category
Code: W61 - Public benefit
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