Overview
What is Meridian Credit Union?
Meridian Credit Union, established in Ottumwa, Iowa, operates as a state-chartered credit union. Its primary role is to provide financial services to its members, embodying the ethos of a credit union. As a state-chartered entity, it operates under the regulatory oversight of the state, ensuring a secure and reliable financial experience for its members. However, it is essential to note that Meridian Credit Union is not a nonprofit organization as categorized in the provided examples, but a financial cooperative with a mission to serve its members.
Official website here: www.mymeridiancu.org
Is Meridian Credit Union legitimate?
Meridian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Meridian 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: $250,337
For more financial information, click here
Official website here: www.mymeridiancu.org
What is the mission statement of Meridian Credit Union?
Meridian Credit Union, as a state-chartered institution, is committed to serving its members effectively. Its mission is centered around operating as a credit union, emphasizing its focus on providing financial services and fostering a sense of community among its members. While the provided information is brief, it suggests that Meridian Credit Union prioritizes its role as a credit union, which typically implies a member-centric approach and a focus on financial services. However, without additional details, the specific goals or objectives of the credit union beyond its status as a state-chartered institution remain unclear.
Official website here: www.mymeridiancu.org
Who is the CEO of Meridian Credit Union?
Josh Hall is the Board Member of Meridian Credit Union.
Official website here: www.mymeridiancu.org
What is the revenue of Meridian Credit Union?
Meridian Credit Union's revenue in 2022 was $934,713.
Official website here: www.mymeridiancu.org
Who are the executives of Meridian Credit Union and what are their salaries?
The average compensation at Meridian Credit Union during 2022 was $41,723. There are 6 employees and 9 volunteers at Meridian Credit Union.
Here are 8 key members and their salaries:
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Official website here: www.mymeridiancu.org
Where can I find the form 990 for Meridian Credit Union?
Meridian Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mymeridiancu.org
Learn more at the official website: www.mymeridiancu.org
Mission Statement of Meridian Credit Union
Meridian Credit Union, as a state-chartered entity, is devoted to its mission as a credit union. This mission is centered around operating as a credit union, a distinctive financial cooperative that serves its members. The credit union's purpose is to provide financial services and support to its members, operating under the principles of a democratic structure and not-for-profit nature. Meridian Credit Union's mission is to ensure its members have access to financial services and opportunities, fostering financial well-being and stability within its community.
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Impact
October, 2024
Meridian Credit Union plays a significant role in the Ottumwa, IA community by providing accessible financial services and fostering economic growth. As a state-chartered credit union, it focuses on meeting the financial needs of its members while prioritizing community development. By offering various banking services, including savings accounts, loans, and financial education, Meridian empowers individuals and families to achieve financial stability.
Furthermore, Meridian Credit Union actively contributes to the local economy, promoting a sense of community and cooperation among its members. It reinforces financial literacy and encourages responsible money management, which benefits the broader community. Through its commitment to public benefit, Meridian Credit Union is not just a financial institution; it is a catalyst for positive change in Ottumwa and the surrounding area.
This information is meant to be a general summary of Meridian 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: $290,761
- Program Service Revenue: $643,952
- Gross Receipts: $934,713
Assets and Liabilities:
- Total Assets: $34,586,188
- Total Liabilities: $29,955,650
- Net Assets: $4,630,538
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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
$563,716
FEE INCOME
Revenue
$65,854
MISCELLANEOUS INCOME
Revenue
$14,382
Organization Details
Founding Year
1952
Phone
(641) 684-4207Principal Officer
Josh Hall
Main Address
1206 N JEFFERSON, OTTUMWA, IA, 52501
Website
www.mymeridiancu.orgNTEE Category
Code: W60 - Public benefit
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