Overview
What is Muni Employees Credit Union?
Muni Employees Credit Union is a financial institution located in Ottumwa, Iowa, specifically at 105 E 3rd St. This credit union serves its members by offering them loans and the option to purchase credit or disability insurance. The primary revenue for the credit union comes from the interest earned on these loans, dividends from cash, and a portion of insurance premiums. The main mission of Muni Employees Credit Union is to provide its members with a source of affordable credit, promote saving habits, and allow members to utilize their savings for their mutual benefit. The credit union's significant activities revolve around members saving money and borrowing funds at a low rate. With a small staff of two, Muni Employees Credit Union focuses on meeting the financial needs of its members.
Is Muni Employees Credit Union legitimate?
Muni Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Muni 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: $17,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Muni Employees Credit Union?
The Muni Employees Credit Union's mission is geared towards providing its members with an affordable source of credit and fostering a culture of thrift. It aims to offer its members the chance to utilize their savings for their collective benefit at reasonable interest rates. The credit union's primary activities involve lending money to its members and offering them the option to purchase credit or disability insurance. The revenue for the credit union is generated from the interest earned on loans, dividends from cash, and a portion of insurance premiums.
Who is the CEO of Muni Employees Credit Union?
Stephanie Nickerson is the President of Muni Employees Credit Union.
What is the revenue of Muni Employees Credit Union?
Muni Employees Credit Union's revenue in 2022 was $26,110.
Who are the executives of Muni Employees Credit Union and what are their salaries?
The average compensation at Muni Employees Credit Union during 2022 was $8,650. There are 2 employees and 9 volunteers at Muni Employees Credit Union.
Here are 10 key members and their salaries:
- Compensation: $10,738
- Related: $0
- Other: $0
- Compensation: $6,562
- 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
Where can I find the form 990 for Muni Employees Credit Union?
Muni Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Muni Employees Credit Union
Muni Employees Credit Union's mission is centered around providing a reliable source of credit at reasonable interest rates for its members. This nonprofit organization aims to foster savings habits among its members, offering them the opportunity to utilize their savings for their collective benefit. By lending money to its members and earning revenue from the interest on loans, dividends on cash, and a portion of insurance premiums, Muni Employees Credit Union serves to empower its members financially. The credit union's activities are primarily geared towards enabling its members to save money at advantageous rates and to borrow funds at a lower cost, ultimately promoting financial stability and growth among its membership.
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Impact
October, 2024
Muni Employees Credit Union plays a vital role in the financial well-being of its members in Ottumwa, Iowa. By offering loans at competitive rates, it enables individuals to access the funds they need for various life events, from purchasing a home to covering unexpected expenses. The credit union encourages financial literacy and responsible borrowing, promoting habits of thrift among its members.
Members also have the option to enhance their financial security by purchasing credit and disability insurance, ensuring they are protected in times of need. The revenue generated from interest on loans, dividends, and insurance premiums is reinvested to improve services and offerings, benefiting the member community as a whole. Muni Employees Credit Union is committed to fostering a supportive financial environment where its members can manage their savings effectively and collectively prosper.
This information is meant to be a general summary of Muni 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: $435
- Program Service Revenue: $25,675
- Gross Receipts: $26,110
Assets and Liabilities:
- Total Assets: $660,472
- Total Liabilities: $3,514
- Net Assets: $656,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$25,107
Disability Ins
Revenue
$303
Life, Auto, Acc Death Ins
Revenue
$265
Organization Details
Founding Year
1952
Phone
(641) 683-0659Principal Officer
Stephanie Nickerson
Main Address
105 E 3rd St, Ottumwa, IA, 52501
NTEE Category
Code: W61 - Public benefit
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