Overview
What is River Valley Credit Union?
River Valley Credit Union is a nonprofit financial institution located in Ames, Iowa, specifically at 2811 EAST 13TH STREET, serving around 6,230 members. Their primary mission is to foster savings, offer reasonable credit, and provide various financial services to its members. Their financial offerings encompass competitive member loans, savings and checking accounts with minimal fees, and electronic services such as credit/debit cards, online banking, and online bill pay. With a team of 17 dedicated employees, River Valley Credit Union aims to enhance the financial well-being of its members by providing affordable and accessible financial solutions.
Official website here: www.rvcu.org
Is River Valley Credit Union legitimate?
River Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. River 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: $265,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $643,714
For more financial information, click here
Official website here: www.rvcu.org
What is the mission statement of River Valley Credit Union?
River Valley Credit Union operates with the primary objective of promoting thrift and providing financial services to its members. This includes offering loans at reasonable rates and various other financial services. The credit union serves approximately 6,230 members, aiming to improve their financial lives. Their main financial services include member loans at competitive interest rates, savings and checking accounts with low or no fees, and electronic financial services such as credit/debit cards, online banking, and online bill pay. In essence, River Valley Credit Union's mission is centered around providing affordable financial services to its members, thereby enhancing their financial well-being.
Official website here: www.rvcu.org
Who is the CEO of River Valley Credit Union?
Brian Godwin is the Board Chair of River Valley Credit Union. The CEO's salary of River Valley Credit Union is $146,474 and their total compensation is $160,048.
Official website here: www.rvcu.org
What is the revenue of River Valley Credit Union?
River Valley Credit Union's revenue in 2022 was $2,815,694.
Official website here: www.rvcu.org
Who are the executives of River Valley Credit Union and what are their salaries?
The average compensation at River Valley Credit Union during 2022 was $53,459. There are 17 employees at River Valley Credit Union.
Here are 11 key members and their salaries (River Valley Credit Union's CEO's salary is $146,474 and their total compensation is $160,048):
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- Compensation: $146,474
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- Other: $13,574
- Compensation: $93,798
- Related: $0
- Other: $11,246
Official website here: www.rvcu.org
Where can I find the form 990 for River Valley Credit Union?
River Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rvcu.org
Learn more at the official website: www.rvcu.org
Mission Statement of River Valley Credit Union
River Valley Credit Union, a financial institution, is committed to its primary objective of fostering thrift and offering credit at reasonable rates to its members. Its mission extends beyond these basic functions, encompassing the provision of various financial services aimed at enhancing the financial well-being of its members. By offering competitive interest rates on loans, River Valley Credit Union helps its members manage their finances effectively. Additionally, the credit union provides savings and checking accounts with minimal or no fees, ensuring that its members can save and manage their money without incurring unnecessary charges. To cater to the modern financial landscape, River Valley Credit Union offers electronic financial services such as credit/debit cards, online banking, and online bill pay. In summary, River Valley Credit Union operates with the primary goal of promoting thrift, providing affordable credit, and offering a range of financial services to its members, thereby improving their financial lives.
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Impact
October, 2024
River Valley Credit Union significantly enhances the financial well-being of its 6,230 members by offering a range of affordable financial services. By providing access to member loans at competitive interest rates, it empowers individuals to pursue their financial goals while promoting responsible borrowing. Additionally, its savings and checking accounts come with low or no fees, allowing members to save more of their hard-earned money. The inclusion of electronic financial services, such as credit/debit cards, online banking, and online bill pay, further enhances convenience and accessibility for members. Overall, River Valley Credit Union plays a vital role in fostering financial independence and stability within the Ames, IA community.
This information is meant to be a general summary of River 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $342,213
- Program Service Revenue: $2,127,209
- Gross Receipts: $2,815,694
Assets and Liabilities:
- Total Assets: $93,266,661
- Total Liabilities: $82,879,521
- Net Assets: $10,387,140
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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
$2,127,209
Organization Details
Founding Year
1961
Phone
(515) 232-1654Principal Officer
Brian Godwin
Main Address
2811 EAST 13TH STREET, AMES, IA, 50010
Website
www.rvcu.orgNTEE Category
Code: W60 - Public benefit
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