Overview
What is Cent Credit Union?
Cent Credit Union is a member-focused financial institution situated with a primary objective to foster savings, offer credit at affordable rates, and provide various financial services. Serving approximately 4,638 members, it operates under the principle of promoting thrift and financial well-being within its membership base. The union's activities are centered around providing credit and financial services in a reasonable manner, thereby contributing to the financial stability of its members.
Official website here: www.centcu.org
Is Cent Credit Union legitimate?
Cent Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cent 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: $219,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $894,207
For more financial information, click here
Official website here: www.centcu.org
What is the mission statement of Cent Credit Union?
Cent Credit Union's primary mission is centered around promoting savings and offering affordable credit, along with providing various financial services to its members. It operates with the aim of serving its members effectively, ensuring they have access to financial resources at reasonable rates. The credit union's activities encompass offering a range of financial services beyond savings and credit, aiming to meet its members' diverse financial needs. With an approximate membership count of 4,638, Cent Credit Union is dedicated to its members' financial well-being.
Official website here: www.centcu.org
Who is the CEO of Cent Credit Union?
Matthew Chizek is the Ceo of Cent Credit Union. The CEO's salary of Cent Credit Union is $215,040 and their total compensation is $219,878.
Official website here: www.centcu.org
What is the revenue of Cent Credit Union?
Cent Credit Union's revenue in 2022 was $3,739,508.
Official website here: www.centcu.org
Who are the executives of Cent Credit Union and what are their salaries?
The average compensation at Cent Credit Union during 2022 was $48,438. There are 23 employees and 11 volunteers at Cent Credit Union.
Here are 11 key members and their salaries (Cent Credit Union's CEO's salary is $215,040 and their total compensation is $219,878):
- Compensation: $215,040
- Related: $0
- Other: $4,838
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.centcu.org
Where can I find the form 990 for Cent Credit Union?
Cent Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centcu.org
Learn more at the official website: www.centcu.org
Mission Statement of Cent Credit Union
Cent Credit Union, in its mission, primarily focuses on fostering savings within its membership and offering credit facilities at reasonable rates. Additionally, it provides various financial services to its members. The credit union aims to promote thrift and financial stability among its members by offering credit at reasonable terms. This approach ensures that its members can access necessary funds while maintaining financial responsibility.
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Impact
October, 2024
Cent Credit Union plays a significant role in promoting financial stability and well-being within the Mason City community and beyond. With a strong emphasis on thrift, it encourages members to save and manage their finances effectively. The credit union provides access to affordable credit, helping individuals and families secure loans at reasonable rates, which fosters economic growth and empowers members to achieve their financial goals.
Serving approximately 4,638 members, Cent Credit Union actively delivers a range of financial services designed to meet the diverse needs of its community. By focusing on member-centric services, it promotes a sense of financial inclusion, ensuring that a broad demographic can access essential financial resources. This commitment to serving its members not only aids in personal financial management but also contributes to the overall economic health of the area, making Cent Credit Union a vital institution in supporting sustainable community development.
This information is meant to be a general summary of Cent 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: $156,368
- Program Service Revenue: $3,583,140
- Gross Receipts: $3,739,508
Assets and Liabilities:
- Total Assets: $73,206,978
- Total Liabilities: $64,285,487
- Net Assets: $8,921,491
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$2,640,342
OTHER INCOME
Revenue
$553,116
FEE INCOME
Revenue
$389,682
Organization Details
Founding Year
1965
Phone
(641) 424-2368Principal Officer
Matthew Chizek
Main Address
25 W STATE STREET, MASON CITY, IA, 50401
Website
www.centcu.orgNTEE Category
Code: W60 - Public benefit
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