Overview
What is Midwest Community Credit Union?
Midwest Community Credit Union is a state-regulated financial institution, functioning as a credit union. It offers financial services to its members, who are its primary stakeholders. This credit union falls under the category of financial institutions known as credit unions, and its operations are governed by Patricia Friedrichsen. The credit union's mission is to provide financial assistance to its members, contributing to their financial well-being within the purview of its state charter.
Official website here: www.midwestcreditunion.com
Is Midwest Community Credit Union legitimate?
Midwest Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midwest Community 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: $258,619
For more financial information, click here
Official website here: www.midwestcreditunion.com
What is the mission statement of Midwest Community Credit Union?
Midwest Community Credit Union serves as a state-chartered financial institution, catering to its member base. As a credit union, its primary function is to offer various financial services. The mission of Midwest Community Credit Union is to provide these services effectively, functioning within the framework of credit unions and being subject to regulatory oversight. The specific role of this credit union is not elaborated in the provided information, but its primary focus is on serving its members financially.
Official website here: www.midwestcreditunion.com
Who is the CEO of Midwest Community Credit Union?
Patricia Friedrichsen is the Board Member of Midwest Community Credit Union.
Official website here: www.midwestcreditunion.com
What is the revenue of Midwest Community Credit Union?
Midwest Community Credit Union's revenue in 2022 was $1,051,356.
Official website here: www.midwestcreditunion.com
Who are the executives of Midwest Community Credit Union and what are their salaries?
The average compensation at Midwest Community Credit Union during 2022 was $28,735. There are 9 employees and 12 volunteers at Midwest Community Credit Union.
Here are 9 key members and their salaries:
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Official website here: www.midwestcreditunion.com
Where can I find the form 990 for Midwest Community Credit Union?
Midwest Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwestcreditunion.com
Learn more at the official website: www.midwestcreditunion.com
Mission Statement of Midwest Community Credit Union
Midwest Community Credit Union, as a state-chartered credit union, is dedicated to offering financial services to its members. This financial institution falls under the category of credit unions, a group of financial institutions known for their member-centric approach. The operation of Midwest Community Credit Union is overseen by Patricia Friedrichsen, ensuring its adherence to regulatory standards. The mission of Midwest Community Credit Union can be described as providing its members with a range of financial services, leveraging its status as a credit union to prioritize the needs and interests of its members above profit.
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Impact
October, 2024
Midwest Community Credit Union significantly impacts its community by providing accessible financial services tailored to meet the needs of its members in Sioux City, Iowa. As a state-chartered credit union, it prioritizes the financial well-being of individuals and families by offering products and services that foster economic growth and stability.
By being part of the credit union network, Midwest Community Credit Union helps promote financial literacy and empowers members through personalized support, ensuring they have the necessary tools to achieve their financial goals. Its commitment to public benefit translates into efforts that strengthen local economies, promote responsible lending practices, and enhance overall community welfare. Through its operations, it plays a vital role in elevating the quality of life for its members while reinforcing community ties.
This information is meant to be a general summary of Midwest Community 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: $370,827
- Program Service Revenue: $680,529
- Gross Receipts: $1,051,356
Assets and Liabilities:
- Total Assets: $44,520,720
- Total Liabilities: $41,450,730
- Net Assets: $3,069,990
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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
$429,477
MISCELLANEOUS INCOME
Revenue
$190,796
FEE INCOME
Revenue
$60,256
Organization Details
Founding Year
1956
Phone
(712) 276-1328Principal Officer
Patricia Friedrichsen
Main Address
1909 OLD SOUTH PALMETTO, SIOUX CITY, IA, 51106
Website
www.midwestcreditunion.comNTEE Category
Code: W60 - Public benefit
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