Overview
What is Latvian Credit Union?
The Latvian Credit Union is a state-authorized financial institution that serves as a hub for Latvian cultural, educational, and sports organizations. Primarily catering to eligible members, this nonprofit organization actively donates funds to these sectors. In addition to charitable contributions, the Latvian Credit Union offers financial benefits to its 719 members through Interest Paid dividends. This cooperative entity continues its mission to support the Latvian community in various ways, ultimately promoting cultural, educational, and athletic activities.
Official website here: www.latviancu.com
Is Latvian Credit Union legitimate?
Latvian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Latvian 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: $126,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.latviancu.com
What is the mission statement of Latvian Credit Union?
The Latvian Credit Union, functioning as a state-chartered entity, dedicates its activities towards supporting Latvian cultural, educational, and sports organizations. Primarily catering to eligible members, the credit union provides programs such as Interest Paid dividends to 719 accounts. Its mission can be understood as being committed to contributing financially to these organizations, thereby fostering a sense of community and cultural preservation among its members.
Official website here: www.latviancu.com
Who is the CEO of Latvian Credit Union?
Santa Kalnite is the Ceo of Latvian Credit Union. The CEO's salary of Latvian Credit Union is $72,350 and their total compensation is $72,350.
Official website here: www.latviancu.com
What is the revenue of Latvian Credit Union?
Latvian Credit Union's revenue in 2022 was $254,115.
Official website here: www.latviancu.com
Who are the executives of Latvian Credit Union and what are their salaries?
There 8 volunteers at Latvian Credit Union.
Here are 10 key members and their salaries (Latvian Credit Union's CEO's salary is $72,350 and their total compensation is $72,350):
- Compensation: $72,350
- Related: $0
- Other: $0
- Compensation: $48,650
- Related: $0
- Other: $0
- Compensation: $960
- Related: $0
- Other: $0
- Compensation: $920
- Related: $0
- Other: $0
- Compensation: $880
- 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.latviancu.com
Where can I find the form 990 for Latvian Credit Union?
Latvian Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latviancu.com
Learn more at the official website: www.latviancu.com
Mission Statement of Latvian Credit Union
Latvian Credit Union, as a state-chartered institution, dedicates its mission primarily towards supporting Latvian cultural, educational, and sports organizations. This nonprofit organization primarily caters to eligible members, extending its services through programs such as Interest Paid dividends to 719 member accounts. By doing so, Latvian Credit Union contributes significantly to the Latvian community, fostering a sense of cultural pride and community engagement.
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Impact
October, 2024
Latvian Credit Union plays a significant role in supporting the Latvian community by promoting cultural, educational, and sports initiatives. With its base in Minneapolis, MN, it channels resources into organizations that align with the interests and needs of its members.
By offering programs such as interest payments on member accounts, it not only incentivizes saving but also fosters a sense of community among its 719 members. The Credit Union's focus on donating to local entities enhances the vibrancy of cultural heritage, provides educational opportunities, and encourages sports participation among Latvians. This multifaceted impact not only strengthens community ties but also contributes to the overall well-being and growth of the Latvian identity in the region.
This information is meant to be a general summary of Latvian 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: $15,873
- Program Service Revenue: $238,242
- Gross Receipts: $254,115
Assets and Liabilities:
- Total Assets: $5,281,332
- Total Liabilities: $4,712,315
- Net Assets: $569,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans to members
Revenue
$207,610
Fee income from members
Revenue
$11,609
Other Operating Income
Revenue
$19,023
Organization Details
Founding Year
1965
Phone
(612) 722-5004Principal Officer
Santa Kalnite
Main Address
3152 17th Ave South, Minneapolis, MN, 55407
Website
www.latviancu.comNTEE Category
Code: W60 - Public benefit
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