Overview
What is S E C U Credit Union?
S E C U Credit Union is a state-chartered financial institution, functioning as a nonprofit organization. While the information provided does not detail the specifics of their mission or activities, it can be inferred that they operate within the realm of credit unions, which traditionally focus on providing financial services to their members. As a state-chartered entity, they are regulated and overseen by the state in which they operate. Their activities may include offering various financial products and services, such as savings accounts, loans, and credit cards, to their members, all with the aim of promoting financial well-being.
Is S E C U Credit Union legitimate?
S E C U Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. S E C U 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: $26,894
For more financial information, click here
What is the mission statement of S E C U Credit Union?
S E C U Credit Union operates as a state-chartered credit union, with a mission that is not explicitly stated in the provided information. However, generally, state-chartered credit unions exist to promote savings and provide affordable credit to their members. They operate on a not-for-profit basis and aim to serve their members' financial needs. Without specific details, it's not possible to provide a more precise mission statement for S E C U Credit Union.
Who is the CEO of S E C U Credit Union?
Tanya O'Shea is the Board Member of S E C U Credit Union.
What is the revenue of S E C U Credit Union?
S E C U Credit Union's revenue in 2022 was $71,358.
Who are the executives of S E C U Credit Union and what are their salaries?
The average compensation at S E C U Credit Union during 2022 was $26,894. There is 1 employee and 7 volunteers at S E C U Credit Union.
Here are 7 key members and their salaries:
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- Other: $0
Where can I find the form 990 for S E C U Credit Union?
S E C U Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of S E C U Credit Union
S E C U Credit Union, as a state-chartered credit union, does not have a specific mission statement or activity description provided in the given information. However, based on the term "credit union," we can infer that its primary activity is to provide financial services, such as savings, loans, and other financial products, to its members. A credit union is a not-for-profit financial cooperative, owned and operated by its members, with the aim of promoting financial inclusivity and affordable financial services. The mission of S E C U Credit Union, therefore, could be to serve its members by offering financial products and services that are beneficial, affordable, and accessible, while adhering to the principles of a credit union, which include democracy, member ownership, and financial education. Without specific information, it is challenging to provide a more detailed or descriptive summary of S E C U Credit Union's mission.
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Impact
October, 2024
S E C U Credit Union plays a significant role in the financial well-being of the Keokuk, IA community. As a state-chartered credit union, it is dedicated to providing accessible financial services that empower members. This institution focuses on fostering financial literacy and providing affordable loan options, ensuring that individuals and families have the resources they need to achieve their financial goals.
By prioritizing public benefit, S E C U Credit Union contributes to local economic stability. Its services, which include savings accounts, loans, and financial education programs, help members build savings, manage debt, and improve their overall financial health. The credit union’s impact extends beyond merely providing banking services; it actively participates in community initiatives and supports local projects, enhancing the quality of life in the region.
By engaging in such activities, S E C U Credit Union strengthens community ties and promotes a culture of mutual assistance among its members. This commitment to service showcases its dedication to creating a positive and lasting impact in Keokuk and surrounding areas.
This information is meant to be a general summary of S E C U 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: $13,798
- Program Service Revenue: $57,560
- Gross Receipts: $71,358
Assets and Liabilities:
- Total Assets: $1,685,011
- Total Liabilities: $1,185,991
- Net Assets: $499,020
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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
$54,469
FEE INCOME
Revenue
$1,975
OTHER INCOME
Revenue
$1,116
Organization Details
Founding Year
1963
Phone
(319) 524-4560Principal Officer
Tanya O'Shea
Main Address
3200 MAIN ST, KEOKUK, IA, 52632
NTEE Category
Code: W60 - Public benefit
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