Overview
What is The Municipal Credit Union?
The Municipal Credit Union, situated in Sioux City, Iowa, operates as a credit union, adhering to a state charter as its guiding principle. Its primary objective is to serve the community by providing financial services and resources in a cooperative manner. As a credit union, it promotes financial well-being and accessibility to its members, embodying a mission of mutual aid and support.
Official website here: www.municipalcu.com
Is The Municipal Credit Union legitimate?
The Municipal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Municipal 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,634
For more financial information, click here
Official website here: www.municipalcu.com
What is the mission statement of The Municipal Credit Union?
The Municipal Credit Union, as a state-chartered credit union, operates with a mission to serve its members effectively. Its mission statement is centered around providing credit union services, implying a commitment to financial assistance and support to its members. However, due to the limited information provided, the specific objectives or initiatives outlined in the mission statement are not clearly stated in this case.
Official website here: www.municipalcu.com
Who is the CEO of The Municipal Credit Union?
Michaleen Kimsey is the Ceo of The Municipal Credit Union. The CEO's salary of The Municipal Credit Union is $0 and their total compensation is $0.
Official website here: www.municipalcu.com
What is the revenue of The Municipal Credit Union?
The Municipal Credit Union's revenue in 2021 was $683,074.
Official website here: www.municipalcu.com
Who are the executives of The Municipal Credit Union and what are their salaries?
The average compensation at The Municipal Credit Union during 2021 was $36,327. There are 5 employees and 7 volunteers at The Municipal Credit Union.
Here are 8 key members and their salaries (The Municipal Credit Union's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $0
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- Other: $0
Official website here: www.municipalcu.com
Where can I find the form 990 for The Municipal Credit Union?
The Municipal Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.municipalcu.com
Learn more at the official website: www.municipalcu.com
Mission Statement of The Municipal Credit Union
The Municipal Credit Union, as a state-chartered credit union, is dedicated to its mission. This mission, in simpler terms, revolves around functioning as a credit union. The credit union, while not specified in the provided information, likely serves its members by offering financial services and products, promoting savings, and providing affordable loans. By being state-chartered, it operates under the regulatory oversight of a state agency, ensuring financial stability and adherence to specific guidelines.
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Impact
October, 2024
The Municipal Credit Union plays a vital role in the financial landscape of Sioux City, IA, by providing accessible banking services tailored to meet the needs of its members. As a state-chartered credit union, it focuses on enhancing the economic well-being of individuals and families in the community.
By offering competitive interest rates on loans and savings accounts, The Municipal Credit Union empowers its members to achieve their financial goals, whether it's purchasing a home, financing education, or saving for the future. Its commitment to responsible lending practices promotes financial literacy and encourages sound financial management among its clientele.
Furthermore, The Municipal Credit Union fosters a sense of community by prioritizing the needs of local residents. This commitment to the public benefit helps strengthen local economies and build a network of support that extends beyond traditional banking, contributing to the overall growth and prosperity of Sioux City.
This information is meant to be a general summary of The Municipal 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 2021.
- Investment Income: $63,273
- Program Service Revenue: $619,801
- Gross Receipts: $683,074
Assets and Liabilities:
- Total Assets: $22,423,037
- Total Liabilities: $20,205,671
- Net Assets: $2,217,366
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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
$504,674
FEE INCOME
Revenue
$93,373
OTHER INCOME
Revenue
$21,754
Organization Details
Founding Year
1938
Principal Officer
Michaleen Kimsey
Main Address
103 SOUTH FAIRMOUNT, SIOUX CITY, IA, 51106
Website
www.municipalcu.comNTEE Category
Code: W60 - Public benefit
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