Overview
What is Power Co-Op Employees Credit Union?
Power Co-Op Employees Credit Union is a nonprofit financial institution located in Humboldt, Iowa, with an address at 1208 N 13th St. Established with a mission to empower its members, the credit union offers lending, savings, and financial services at reasonable interest rates. It encourages financial responsibility by promoting thrift among its members, allowing them to manage their money democratically. Their service-oriented approach recognizes the members' status as co-owners, providing them with opportunities to advance their economic and social well-being. With a modest workforce of six employees, Power Co-Op Employees Credit Union serves its qualifying members effectively.
Official website here: www.powercoopcu.com
Is Power Co-Op Employees Credit Union legitimate?
Power Co-Op Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Power Co-Op 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: $97,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,703
For more financial information, click here
Official website here: www.powercoopcu.com
What is the mission statement of Power Co-Op Employees Credit Union?
Power Co-Op Employees Credit Union's mission is centered around providing financial services to eligible members. Their approach is service-oriented, taking into account the members' roles as owners. The credit union aims to offer competitive interest rates on loans and encourages saving habits among its members. Furthermore, it facilitates member control over their financial resources, aiming to enhance their economic and social well-being. In essence, Power Co-Op Employees Credit Union seeks to create a democratic environment where members can manage their money effectively.
Official website here: www.powercoopcu.com
Who is the CEO of Power Co-Op Employees Credit Union?
Vicki Holden is the Manager of Power Co-Op Employees Credit Union.
Official website here: www.powercoopcu.com
What is the revenue of Power Co-Op Employees Credit Union?
Power Co-Op Employees Credit Union's revenue in 2022 was $1,838,871.
Official website here: www.powercoopcu.com
Who are the executives of Power Co-Op Employees Credit Union and what are their salaries?
The average compensation at Power Co-Op Employees Credit Union during 2022 was $51,515. There are 6 employees at Power Co-Op Employees Credit Union.
Here are 10 key members and their salaries:
- Compensation: $97,386
- Related: $0
- Other: $2,836
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.powercoopcu.com
Where can I find the form 990 for Power Co-Op Employees Credit Union?
Power Co-Op Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.powercoopcu.com
Learn more at the official website: www.powercoopcu.com
Mission Statement of Power Co-Op Employees Credit Union
Power Co-Op Employees Credit Union's mission is centered around providing lending, saving, and various financial services to eligible members. This organization operates with a service-oriented emphasis, acknowledging the members' unique status as owners. The aim of Power Co-Op Employees Credit Union is to create affordable credit opportunities for its members, while also promoting financial responsibility through the encouragement of thrifty habits. Furthermore, the credit union offers its members the chance to manage their own funds in a democratic manner, thus contributing to their overall economic and social improvement.
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Impact
October, 2024
Power Co-Op Employees Credit Union makes a significant impact by offering accessible financial services that empower its members. By providing lending and savings options at fair and reasonable rates, it fosters a culture of thrift and financial responsibility within the community. Members are not just clients; they are owners, ensuring that services are tailored to their unique needs and priorities.
The Credit Union also emphasizes democratic control, allowing members to participate in decision-making processes that affect their financial well-being. This approach not only enhances economic stability among members but also promotes social improvement, creating a ripple effect throughout the community in Humboldt, IA. Overall, Power Co-Op Employees Credit Union plays a vital role in enhancing financial literacy, security, and growth for its members.
This information is meant to be a general summary of Power Co-Op 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: $361,572
- Program Service Revenue: $1,228,006
- Gross Receipts: $1,838,871
Assets and Liabilities:
- Total Assets: $56,718,757
- Total Liabilities: $47,697,695
- Net Assets: $9,021,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$1,228,006
Organization Details
Founding Year
1956
Phone
(515) 332-4096Principal Officer
Vicki Holden
Main Address
1208 N 13th St, Humboldt, IA, 50548
Website
www.powercoopcu.comNTEE Category
Code: W60 - Public benefit
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