Overview
What is Metco Credit Union?
Metco Credit Union is a financial institution based in Cedar Rapids, Iowa, specifically located at 115 8th Avenue SW. As a membership-driven organization, it serves approximately 3,238 individuals, providing them with both checking accounts and loans. The primary mission of Metco Credit Union is to assist its members in managing their finances efficiently. By accepting deposits and offering loans, the credit union aims to support the financial well-being of its members. The organization employs a modest workforce of ten individuals.
Official website here: www.metcocu.org
Is Metco Credit Union legitimate?
Metco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metco 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: $181,265
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,880
For more financial information, click here
Official website here: www.metcocu.org
What is the mission statement of Metco Credit Union?
Metco Credit Union's mission, as stated, is centered around assisting its members in managing their finances. The union accepts deposits and extends loans to its members, serving as a financial resource for them. During the year, approximately 3,238 members benefited from these services, indicating the union's commitment to its member base. In essence, Metco Credit Union is dedicated to supporting the financial needs of its members.
Official website here: www.metcocu.org
Who is the CEO of Metco Credit Union?
Brad Mertens is the Chairman of Metco Credit Union. The CEO's salary of Metco Credit Union is $144,250 and their total compensation is $181,265.
Official website here: www.metcocu.org
What is the revenue of Metco Credit Union?
Metco Credit Union's revenue in 2022 was $2,042,977.
Official website here: www.metcocu.org
Who are the executives of Metco Credit Union and what are their salaries?
The average compensation at Metco Credit Union during 2022 was $47,114. There are 10 employees at Metco Credit Union.
Here are 9 key members and their salaries (Metco Credit Union's CEO's salary is $144,250 and their total compensation is $181,265):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $144,250
- Related: $0
- Other: $37,015
Official website here: www.metcocu.org
Where can I find the form 990 for Metco Credit Union?
Metco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metcocu.org
Learn more at the official website: www.metcocu.org
Mission Statement of Metco Credit Union
Metco Credit Union, as a financial institution, is committed to assisting its members in managing their finances. Its primary mission involves accepting deposits and providing loans to its members. This organization serves a significant number of individuals, with approximately 3,238 members benefiting from its services during a given year. The credit union's goal is to help its members navigate their financial needs effectively, thereby contributing to their financial well-being.
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Impact
October, 2024
Metco Credit Union significantly impacts its community by providing essential financial services to its members. With a focus on helping individuals manage their finances, the credit union facilitates access to checking accounts and loans. Over the past year, approximately 3,238 members benefited from these services, allowing them to effectively save, spend, and invest in their financial well-being. Located in Cedar Rapids, Iowa, Metco Credit Union plays a vital role in enhancing financial literacy and stability, ultimately contributing to the overall economic health of the community.
This information is meant to be a general summary of Metco 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: $55,580
- Program Service Revenue: $1,604,747
- Gross Receipts: $2,042,977
Assets and Liabilities:
- Total Assets: $48,586,801
- Total Liabilities: $42,237,790
- Net Assets: $6,349,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,604,747
Organization Details
Founding Year
1957
Phone
(319) 398-5007Principal Officer
Brad Mertens
Main Address
115 8TH AVENUE SW, CEDAR RAPIDS, IA, 52404
Website
www.metcocu.orgNTEE Category
Code: W60 - Public benefit
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