Overview
What is Quaker Oats Credit Union?
Quaker Oats Credit Union, based in Cedar Rapids, Iowa, is a credit union that serves around 1,436 members. Its primary focus is on lending and savings, aiming to operate as a reliable and secure financial institution. The organization's major expenditure is on dividend expenses for its share accounts. With a small workforce of only four employees, Quaker Oats Credit Union is committed to providing financial services to its members in a secure and sound manner.
Official website here: www.quakeroatscu.com
Is Quaker Oats Credit Union legitimate?
Quaker Oats Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Quaker Oats 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: $63,651
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,832
For more financial information, click here
Official website here: www.quakeroatscu.com
What is the mission statement of Quaker Oats Credit Union?
The Quaker Oats Credit Union's mission is centered around ensuring its operations are secure and reliable. It primarily focuses on lending and savings services. The organization aims to serve its approximately 1,436 members effectively in this capacity in 2022. Notably, its largest expense is associated with dividend payments on share accounts.
Official website here: www.quakeroatscu.com
Who is the CEO of Quaker Oats Credit Union?
Heather Lemke is the President of Quaker Oats Credit Union. The CEO's salary of Quaker Oats Credit Union is $53,337 and their total compensation is $63,651.
Official website here: www.quakeroatscu.com
What is the revenue of Quaker Oats Credit Union?
Quaker Oats Credit Union's revenue in 2022 was $512,984.
Official website here: www.quakeroatscu.com
Who are the executives of Quaker Oats Credit Union and what are their salaries?
The average compensation at Quaker Oats Credit Union during 2022 was $38,871. There are 4 employees at Quaker Oats Credit Union.
Here are 10 key members and their salaries (Quaker Oats Credit Union's CEO's salary is $53,337 and their total compensation is $63,651):
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- Compensation: $53,337
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- Other: $10,314
Official website here: www.quakeroatscu.com
Where can I find the form 990 for Quaker Oats Credit Union?
Quaker Oats Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.quakeroatscu.com
Learn more at the official website: www.quakeroatscu.com
Mission Statement of Quaker Oats Credit Union
Quaker Oats Credit Union, as per its mission, strives to operate as a reliable and secure financial institution, primarily focused on lending and savings services. The organization's objective is to cater to its approximately 1,436 members in 2022, providing them with loan and savings opportunities. Despite not having detailed information about the specific services or beneficiaries, it can be inferred that Quaker Oats Credit Union aims to ensure financial stability and growth for its members. The organization's largest expense is the dividend expense paid on share accounts, indicating a commitment to returning value to its members. In summary, Quaker Oats Credit Union's mission is to provide a safe and sound credit union experience, focusing on lending and savings services for its members.
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Impact
October, 2024
Quaker Oats Credit Union significantly impacts its community by providing safe and sound lending and savings options to its members. In 2022, it served approximately 1,436 members, facilitating their financial needs through accessible loans and savings accounts. By prioritizing the financial well-being of its members, the credit union fosters a supportive financial environment. Its largest expense is related to dividend payments on share accounts, ensuring that members receive returns on their savings. Located in Cedar Rapids, Iowa, Quaker Oats Credit Union plays a crucial role in enhancing the financial security and stability of individuals and families in the region.
This information is meant to be a general summary of Quaker Oats 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: $71,287
- Program Service Revenue: $353,331
- Gross Receipts: $512,984
Assets and Liabilities:
- Total Assets: $12,021,764
- Total Liabilities: $10,339,427
- Net Assets: $1,682,337
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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
$353,331
Organization Details
Founding Year
1952
Phone
(319) 395-7060Principal Officer
Heather Lemke
Main Address
3535 CENTER POINT ROAD NE, CEDAR RAPIDS, IA, 52402
Website
www.quakeroatscu.comNTEE Category
Code: W60 - Public benefit
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