Overview
What is Des Moines Water Works Credit Union?
Des Moines Water Works Credit Union is a nonprofit organization located at 2201 George Flagg Parkway, Des Moines, Iowa. It primarily serves its members by promoting savings, offering affordable credit, and providing various other services. With an approximate membership of 436 individuals in 2021, the credit union recently merged with Des Moines Metro Credit Union on May 2, 2022. The credit union's operations are centered around promoting thrift and providing credit at reasonable rates, while also offering additional services to its members. The organization is led by a small team of one employee.
Is Des Moines Water Works Credit Union legitimate?
Des Moines Water Works Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Des Moines Water Works 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: $10,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Des Moines Water Works Credit Union?
Des Moines Water Works Credit Union exists with the primary objective of fostering savings among its members and offering credit at reasonable rates. Its mission extends beyond these core functions, as it also provides various other services to its members. The credit union aims to serve its members effectively, promoting financial well-being within its community. In 2021, the credit union served approximately 436 members. Notably, on May 2, 2022, Des Moines Water Works Credit Union merged with Des Moines Metro Credit Union, marking a significant development in its operations. Despite this merger, the credit union's commitment to its members remains unchanged, focusing on providing financial services that cater to their needs.
Who is the CEO of Des Moines Water Works Credit Union?
Jim Anderson is the CEO of Des Moines Water Works Credit Union The CEO's salary of Des Moines Water Works Credit Union is $0 and their total compensation is $0.
What is the revenue of Des Moines Water Works Credit Union?
Des Moines Water Works Credit Union's revenue in 2022 was $13,345.
Who are the executives of Des Moines Water Works Credit Union and what are their salaries?
The average compensation at Des Moines Water Works Credit Union during 2022 was $10,659. There is 1 employee at Des Moines Water Works Credit Union.
Here are 11 key members and their salaries (Des Moines Water Works Credit Union's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $9,719
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- Other: $940
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- Other: $0
Where can I find the form 990 for Des Moines Water Works Credit Union?
Des Moines Water Works Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Des Moines Water Works Credit Union
Des Moines Water Works Credit Union is dedicated to its members' well-being and financial stability. Its primary mission involves promoting savings, offering credit at reasonable rates, and providing various other services to its membership base. This nonprofit organization operates with the aim of catering to its members' financial needs effectively. In 2021, it served approximately 436 members, demonstrating its commitment to its members' financial health. On May 2, 2022, Des Moines Water Works Credit Union merged with Des Moines Metro Credit Union, marking a significant milestone in its operations. The merger was likely aimed at enhancing its services and expanding its reach to more members, continuing its mission of promoting thrift, providing credit at reasonable rates, and offering a range of other beneficial services.
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Impact
October, 2024
Des Moines Water Works Credit Union significantly impacted its community by promoting thrift and providing access to affordable credit, serving approximately 436 members in 2021. Through its focus on reasonable rates and a suite of financial services, the credit union enhanced the financial well-being of its members, facilitating savings and responsible borrowing. The merger with Des Moines Metro Credit Union on May 2, 2022, represented a strategic move to further strengthen its offerings and reach a broader base of members in Des Moines, Iowa. This consolidation aimed to enhance service provision and ensure continued support for the community's financial needs.
This information is meant to be a general summary of Des Moines Water Works 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: $139
- Program Service Revenue: $13,205
- Gross Receipts: $13,345
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$13,205
Organization Details
Founding Year
1933
Principal Officer
Jim Anderson
NTEE Category
Code: Z99 - Unknown
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