Overview
What is Burlington Municipal Employees Credit Union?
Burlington Municipal Employees Credit Union is a modest financial institution situated in Burlington, Iowa, at 418 Valley Street. With a mission to cater to the financial requirements of city employees and their families, the credit union offers savings and loan services. Serving a total of 615 members in the 2022 tax year, the organization operates with a small workforce of two dedicated individuals. Despite its size, Burlington Municipal Employees Credit Union plays a significant role in meeting the financial needs of its members within the city's workforce and their families.
Is Burlington Municipal Employees Credit Union legitimate?
Burlington Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Burlington Municipal Employees 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: $23,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,920
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What is the mission statement of Burlington Municipal Employees Credit Union?
The Burlington Municipal Employees Credit Union serves the financial needs of city employees and their families by offering savings and loan services. Its mission is to cater to the financial requirements of its members, providing them with loan, savings, and Individual Retirement Account (IRA) options. The organization aims to support its membership base of approximately 615 individuals for the 2022 tax year.
Who is the CEO of Burlington Municipal Employees Credit Union?
Jonie Stewart is the Chairperson of Burlington Municipal Employees Credit Union. The CEO's salary of Burlington Municipal Employees Credit Union is $19,560 and their total compensation is $23,176.
What is the revenue of Burlington Municipal Employees Credit Union?
Burlington Municipal Employees Credit Union's revenue in 2022 was $175,852.
Who are the executives of Burlington Municipal Employees Credit Union and what are their salaries?
The average compensation at Burlington Municipal Employees Credit Union during 2022 was $24,048. There are 2 employees at Burlington Municipal Employees Credit Union.
Here are 10 key members and their salaries (Burlington Municipal Employees Credit Union's CEO's salary is $19,560 and their total compensation is $23,176):
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- Compensation: $19,560
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- Other: $3,616
Where can I find the form 990 for Burlington Municipal Employees Credit Union?
Burlington Municipal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Burlington Municipal Employees Credit Union
Burlington Municipal Employees Credit Union is dedicated to fulfilling the financial needs of city employees and their families. This nonprofit organization achieves this mission by offering savings and loan services to its members. By providing these financial tools, Burlington Municipal Employees Credit Union aims to cater to the diverse financial needs of its members, helping them manage their finances effectively. In the 2022 tax year, the credit union served a total of 615 members, demonstrating its commitment to serving its community.
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Impact
October, 2024
Burlington Municipal Employees Credit Union significantly impacts the financial well-being of city employees and their families in Burlington, Iowa. By providing essential services such as savings accounts, loans, and IRAs, the credit union addresses the specific financial needs of its 615 members. This focus on serving city employees fosters a sense of community and support, empowering individuals to achieve their financial goals. Additionally, the credit union's presence enhances the overall financial literacy and stability of the workforce, ensuring that members have access to the resources they need to manage their finances effectively. Through its tailored offerings, Burlington Municipal Employees Credit Union plays a vital role in supporting the economic health of both individual members and the broader community.
This information is meant to be a general summary of Burlington Municipal Employees 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: $8,597
- Program Service Revenue: $167,177
- Gross Receipts: $175,852
Assets and Liabilities:
- Total Assets: $4,980,189
- Total Liabilities: $4,435,772
- Net Assets: $544,417
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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
$167,177
Organization Details
Founding Year
1939
Phone
(319) 752-8412Principal Officer
Jonie Stewart
Main Address
418 VALLEY STREET, BURLINGTON, IA, 52601
NTEE Category
Code: W60 - Public benefit
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