Nishna Valley Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420844194 ✦ Ottumwa, IA ✦ Designated as a 501(c)(14)

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Overview

What is Nishna Valley Credit Union?

Nishna Valley Credit Union is a nonprofit organization, specifically a state-chartered credit union, that was once active. Although its current status is unavailable, its primary mission was to provide financial services and resources to its members. As a credit union, it likely offered savings, loans, and other financial services to its members, functioning as a cooperative financial institution owned and managed by its members.


Official website here: www.nishnavalley.com

Is Nishna Valley Credit Union legitimate?

Nishna Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nishna Valley 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: $360,354

For more financial information, click here


Official website here: www.nishnavalley.com

What is the mission statement of Nishna Valley Credit Union?

Nishna Valley Credit Union, formerly a functioning nonprofit organization, did not have a specific mission statement mentioned in the provided information. However, as a state-chartered credit union, its primary purpose typically involves providing financial services to its members, with an emphasis on promoting financial well-being and financial inclusion within the community. The organization's activities may have included offering savings and loan services, financial education, and community outreach programs. Unfortunately, due to the information given, it is impossible to provide a more detailed or precise mission statement.


Official website here: www.nishnavalley.com

Who is the CEO of Nishna Valley Credit Union?

Tim Marcsisak is the Principal Officer of Nishna Valley Credit Union.


Official website here: www.nishnavalley.com

What is the revenue of Nishna Valley Credit Union?

Nishna Valley Credit Union's revenue in 2021 was $773,780.


Official website here: www.nishnavalley.com

Who are the executives of Nishna Valley Credit Union and what are their salaries?

The average compensation at Nishna Valley Credit Union during 2021 was $36,035. There are 10 employees and 9 volunteers at Nishna Valley Credit Union.


Here are 8 key members and their salaries:


Joyce Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Gade (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Gregersen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Jensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Kamies (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Lowary (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Marek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nishnavalley.com

Where can I find the form 990 for Nishna Valley Credit Union?

Nishna Valley Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.nishnavalley.com

Learn more at the official website: www.nishnavalley.com

Mission Statement of Nishna Valley Credit Union

Nishna Valley Credit Union, previously a functioning nonprofit, was characterized by its status as a state-chartered credit union. The organization's mission, however, is currently unavailable or no longer in operation. As a credit union, it may have been focused on financial services and savings opportunities for its members, but without specific details, this cannot be confirmed. Regrettably, due to the limited information provided, a comprehensive summary of its mission cannot be provided at this time.

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Impact




October, 2024

Nishna Valley Credit Union, based in Ottumwa, Iowa, has played a significant role in its community through its activities as a state-chartered credit union. Its mission focused on providing financial services aimed at benefiting the public, fostering economic well-being among its members, and promoting financial literacy. While it is currently no longer active, its impact can be seen in the support it offered to individuals and families seeking affordable financial solutions. By facilitating access to loans, savings accounts, and other financial resources, it contributed to the economic empowerment of the community and encouraged responsible financial practices.




This information is meant to be a general summary of Nishna Valley 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.

Revenue
$773,780 (2021)
Expenses
$1,369,249 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $139,493
  • Program Service Revenue: $634,287
  • Gross Receipts: $773,780

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$259,124

MISCELLANEOUS INCOME

Revenue

$255,550

FEE INCOME

Revenue

$119,613

Organization Details

Founding Year

1957

Principal Officer

Tim Marcsisak

Main Address

PO BOX 737, OTTUMWA, IA, 52501

NTEE Category

Code: W60 - Public benefit

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