Overview
What is Teamsters Local 238 Credit Union?
Teamsters Local 238 Credit Union is a not-for-profit financial institution, specifically a State Chartered Credit Union, which is part of a larger network of financial institutions and credit unions. It is overseen by an individual named Eric Sorensen. This credit union's primary role is to provide financial services and solutions to its members, as per the standard operations of a credit union.
Official website here: www.teamsterslocal238cu.org
Is Teamsters Local 238 Credit Union legitimate?
Teamsters Local 238 Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Teamsters Local 238 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: $149,464
For more financial information, click here
Official website here: www.teamsterslocal238cu.org
What is the mission statement of Teamsters Local 238 Credit Union?
Teamsters Local 238 Credit Union functions as a State-chartered credit union, which is part of a larger network of financial institutions and credit unions. Its mission is to provide financial services to its members, overseen by a management structure. The credit union does not disclose a specific statement outlining its objectives beyond operating as a State Chartered Credit Union. It's important to note that the focus of this credit union is on offering financial services to its members, much like other credit unions in the sector.
Official website here: www.teamsterslocal238cu.org
Who is the CEO of Teamsters Local 238 Credit Union?
Eric Sorensen is the Board Member of Teamsters Local 238 Credit Union.
Official website here: www.teamsterslocal238cu.org
What is the revenue of Teamsters Local 238 Credit Union?
Teamsters Local 238 Credit Union's revenue in 2022 was $240,615.
Official website here: www.teamsterslocal238cu.org
Who are the executives of Teamsters Local 238 Credit Union and what are their salaries?
The average compensation at Teamsters Local 238 Credit Union during 2022 was $49,821. There are 3 employees and 9 volunteers at Teamsters Local 238 Credit Union.
Here are 9 key members and their salaries:
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.teamsterslocal238cu.org
Where can I find the form 990 for Teamsters Local 238 Credit Union?
Teamsters Local 238 Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamsterslocal238cu.org
Learn more at the official website: www.teamsterslocal238cu.org
Mission Statement of Teamsters Local 238 Credit Union
Teamsters Local 238 Credit Union serves as a State Chartered Credit Union, a financial institution that operates under the umbrella of similar financial organizations and credit unions. This credit union is overseen by Eric Sorensen, who manages its operations. In essence, Teamsters Local 238 Credit Union functions as a member-owned financial cooperative, providing financial services and products to its members, who are typically associated with the teamsters union or other affiliated financial institutions. Its mission is to facilitate financial well-being and growth for its members, offering a range of financial services that cater to their needs.
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Impact
October, 2024
Teamsters Local 238 Credit Union plays a significant role in the Cedar Rapids community by providing accessible financial services to its members. As a state-chartered credit union, it operates with a focus on the needs of its members, offering a range of financial products and services designed to promote financial well-being.
With a commitment to serving the community, Teamsters Local 238 Credit Union supports local economic stability by offering competitive rates on loans, savings accounts, and other financial services. This not only helps individuals manage their finances effectively but also encourages personal and community growth.
Under the management of Eric Sorensen, the credit union fosters a sense of camaraderie and support among its members, reinforcing the bond of trust that is essential in financial institutions. The organization is dedicated to the public benefit, striving to make a positive impact on the lives of its members and the broader community in Cedar Rapids, Iowa.
This information is meant to be a general summary of Teamsters Local 238 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: $49,600
- Program Service Revenue: $191,015
- Gross Receipts: $240,615
Assets and Liabilities:
- Total Assets: $9,805,631
- Total Liabilities: $9,100,468
- Net Assets: $705,163
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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
$168,390
FEE INCOME
Revenue
$17,948
MISCELLANEOUS INCOME
Revenue
$4,677
Organization Details
Founding Year
1956
Phone
(319) 363-8247Principal Officer
Eric Sorensen
Main Address
5050 J ST SW, CEDAR RAPIDS, IA, 52404
Website
www.teamsterslocal238cu.orgNTEE Category
Code: W60 - Public benefit
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