Davenport Police Dept Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420664998 ✦ Davenport, IA ✦ Designated as a 501(c)(14)

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Overview

What is Davenport Police Dept Credit Union?

The Davenport Police Dept Credit Union is a credit union situated at 227 W 4th St, Davenport, IA 52801. Its primary function is to provide its members with a reliable source of credit at reasonable interest rates, promoting financial responsibility among its members. The credit union operates democratically, allowing its members to have control over their own finances. As per the information available, it currently employs one individual.


Official website here: www.dpdcu.com

Is Davenport Police Dept Credit Union legitimate?

Davenport Police Dept Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Davenport Police Dept 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: $8,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.dpdcu.com

What is the mission statement of Davenport Police Dept Credit Union?

The Davenport Police Dept Credit Union, as a credit union, is committed to providing a source of credit at a fair and reasonable interest rate to its members. This mission aligns with the broader objective of encouraging financial responsibility among its members. Furthermore, the credit union offers its members the opportunity to manage their own funds in a democratic manner, with the ultimate goal of enhancing their economic and social standing.


Official website here: www.dpdcu.com

Who is the CEO of Davenport Police Dept Credit Union?

Jay Verhorevoort is the President of Davenport Police Dept Credit Union.


Official website here: www.dpdcu.com

What is the revenue of Davenport Police Dept Credit Union?

Davenport Police Dept Credit Union's revenue in 2022 was $101,168.


Official website here: www.dpdcu.com

Who are the executives of Davenport Police Dept Credit Union and what are their salaries?

The average compensation at Davenport Police Dept Credit Union during 2022 was $8,000. There is 1 employee and 9 volunteers at Davenport Police Dept Credit Union.


Here are 9 key members and their salaries:


Jay Verhorevoort (President)
  • Compensation: $7,000
  • Related: $0
  • Other: $0
Richard Skeppstedt (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Imming (Audit Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Smith (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Huss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Jacobsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Waline (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Court (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dpdcu.com

Where can I find the form 990 for Davenport Police Dept Credit Union?

Davenport Police Dept Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dpdcu.com

Learn more at the official website: www.dpdcu.com

Mission Statement of Davenport Police Dept Credit Union

Davenport Police Dept Credit Union, as a credit union, is dedicated to providing its members with a reliable source of credit at a reasonable interest rate. This mission is rooted in the belief that credit unions have a crucial role in promoting financial well-being among their members. By offering credit at fair terms, the credit union encourages savings and encourages its members to take control of their financial lives. This democratic approach allows members to use and manage their own money, thus improving their economic and social condition. In essence, Davenport Police Dept Credit Union seeks to empower its members through financial inclusion and responsible lending practices.

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Impact




October, 2024

Davenport Police Dept Credit Union plays a crucial role in enhancing the financial well-being of its members by providing accessible and affordable credit. By offering loans at fair and reasonable interest rates, the credit union empowers members to manage their financial needs effectively. Additionally, it fosters a culture of savings and thrift, encouraging members to build financial security.

The credit union operates on a democratic basis, allowing members to have a say in financial decisions that affect them. This democratic control not only gives members a sense of ownership but also leads to tailored financial products and services that meet their specific needs. Ultimately, Davenport Police Dept Credit Union contributes to improving the economic and social conditions of its members, creating a supportive community focused on mutual assistance and financial stability.




This information is meant to be a general summary of Davenport Police Dept 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.

Revenue
$101,168 (2022)
Expenses
$98,472 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $40,070
  • Program Service Revenue: $57,306
  • Gross Receipts: $101,168

Assets and Liabilities:

  • Total Assets: $5,171,619
  • Total Liabilities: $4,565,386
  • Net Assets: $606,233

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan Income

Revenue

$57,306

Organization Details

Founding Year

1934

Principal Officer

Jay Verhorevoort

Main Address

227 W 4th St, Davenport, IA, 52801

NTEE Category

Code: W60 - Public benefit

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