Overview
What is Air Tech Credit Union?
Air Tech Credit Union is a financially modest yet operational credit union based in Milwaukee, Wisconsin. Established in 1957, it has been serving its community for over six decades. Despite having a modest revenue of $70,965 and maintaining only two employees, Air Tech Credit Union continues to function effectively in the financial sector. The credit union's mission remains unspecified in the provided information.
Is Air Tech Credit Union legitimate?
Air Tech Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Air Tech 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: $14,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,703
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What is the mission statement of Air Tech Credit Union?
Air Tech Credit Union does not explicitly provide a mission statement within the given data. However, based on the information provided, it can be inferred that Air Tech Credit Union operates as a credit union, providing financial services to its members. The union, which was established in 1957, had recently generated $70,965 in revenue with only two employees. While the mission statement is not provided, it can be assumed that Air Tech Credit Union's purpose is to serve its members by providing financial services, facilitating savings, and offering loan options. The credit union may also focus on fostering financial literacy and community development among its members. However, without explicit confirmation, these assumptions remain speculative.
What is the revenue of Air Tech Credit Union?
Air Tech Credit Union's revenue in 2024 was $101,815.
Who are the executives of Air Tech Credit Union and what are their salaries?
The average compensation at Air Tech Credit Union during 2024 was $20,840. There are 2 employees and 7 volunteers at Air Tech Credit Union.
Here are 8 key members and their salaries:
- Compensation: $14,976
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Air Tech Credit Union?
Air Tech Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Air Tech Credit Union
Air Tech Credit Union, established in 1957, serves as a financial institution with a specific focus on credit union services. While the information does not provide an explicit mission statement, it can be inferred that Air Tech Credit Union's mission is to offer financial solutions and support to its members, as evidenced by its credit union status and the $70,965 in revenue it recently generated with just two employees. Air Tech Credit Union likely aims to provide affordable financial services, foster financial literacy, and promote financial stability for its members, which is a common mission for credit unions. Despite the lack of a formal mission statement, Air Tech Credit Union's operations suggest a commitment to serving its members' financial needs in a responsible and cooperative manner.
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Impact
October, 2024
Air Tech Credit Union has been serving the Milwaukee community since its founding in 1957, playing a vital role in providing financial services tailored to the needs of its members. With a focus on public benefit, the credit union contributes to the local economy by offering accessible financial options, fostering a sense of community among its members, and supporting responsible financial practices.
Despite its modest size, with two employees and revenue of $70,965, Air Tech Credit Union demonstrates a commitment to helping individuals and families achieve their financial goals. The credit union's presence in Milwaukee enhances economic empowerment and promotes financial literacy within the community. By prioritizing the needs of its members and facilitating cooperative financial solutions, Air Tech Credit Union positively impacts the lives of those it serves, contributing to a sustainable and supportive local economy.
This information is meant to be a general summary of Air Tech 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: $13,033
- Program Service Revenue: $88,782
- Gross Receipts: $101,815
Assets and Liabilities:
- Total Assets: $2,992,790
- Total Liabilities: $2,403,157
- Net Assets: $589,633
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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
$86,513
MEMBER FEES AND CHARGES
Revenue
$2,269
Organization Details
Founding Year
1957
Principal Officer
Matt Kuspa
NTEE Category
Code: W60 - Public benefit
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