Leadco Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 430693296 ✦ Park hills, MO ✦ Designated as a 501(c)(14)

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Overview

What is Leadco Community Credit Union?

Leadco Community Credit Union is a nonprofit organization located in Park Hills, Missouri, with a membership of 3,374 individuals. Their primary mission is to encourage savings among their members, serve as a reliable source of loans at guaranteed low-interest rates, and assist members in managing their financial affairs effectively. With a team of 18 dedicated employees, Leadco Community Credit Union provides essential financial and financially related services to its members.


Official website here: www.leadco.org

Is Leadco Community Credit Union legitimate?

Leadco Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leadco 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: $38,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,459

For more financial information, click here


Official website here: www.leadco.org

What is the mission statement of Leadco Community Credit Union?

Leadco Community Credit Union's mission is centered around promoting thrift among its members, serving as a reliable source of funds for securing loans at guaranteed low interest rates. Additionally, the credit union aims to assist its members in managing their financial affairs effectively. In essence, it provides financial and financially related services with a focus on affordability and member financial well-being.


Official website here: www.leadco.org

Who is the CEO of Leadco Community Credit Union?

Steven Summers is the Chairman of Leadco Community Credit Union.


Official website here: www.leadco.org

What is the revenue of Leadco Community Credit Union?

Leadco Community Credit Union's revenue in 2022 was $1,003,244.


Official website here: www.leadco.org

Who are the executives of Leadco Community Credit Union and what are their salaries?

The average compensation at Leadco Community Credit Union during 2022 was $14,619. There are 18 employees and 9 volunteers at Leadco Community Credit Union.


Here are 8 key members and their salaries:


Steven Summers (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Serini (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis E Stephens (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Robinson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sherrill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Rose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Eaton (President (Terminated))
  • Compensation: $36,414
  • Related: $0
  • Other: $498
Sherry Voss (Interim President)
  • Compensation: $1,770
  • Related: $0
  • Other: $0


Official website here: www.leadco.org

Where can I find the form 990 for Leadco Community Credit Union?

Leadco Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.leadco.org

Learn more at the official website: www.leadco.org

Mission Statement of Leadco Community Credit Union

Leadco Community Credit Union is dedicated to fostering thrift among its members, serving as a reliable source of funds where loans can be secured at a guaranteed low rate of interest. Furthermore, the credit union assists its members in managing their financial affairs effectively. In essence, Leadco Community Credit Union's mission is to support its members in saving money, providing affordable borrowing opportunities, and aiding in the management of their financial resources.

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Impact




October, 2024

Leadco Community Credit Union significantly impacts the lives of its 3,374 members in Park Hills, MO, by promoting thrift and providing accessible financial services. By offering loans at guaranteed low interest rates, it empowers members to achieve their financial goals while ensuring responsible borrowing practices. Additionally, the credit union assists members in managing their financial affairs, fostering a culture of financial literacy and stability within the community. This commitment to promoting thrift not only helps individuals but also enhances the overall economic well-being of the community.




This information is meant to be a general summary of Leadco 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.

Revenue
$1,003,244 (2022)
Expenses
$974,508 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $105,251
  • Program Service Revenue: $897,993
  • Gross Receipts: $1,003,244

Assets and Liabilities:

  • Total Assets: $24,198,501
  • Total Liabilities: $22,441,802
  • Net Assets: $1,756,699

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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

$547,390

FEES & OTHER INCOME

Revenue

$350,603

Organization Details

Founding Year

1953

Principal Officer

Steven Summers

Main Address

820 EAST MAIN ST, PARK HILLS, MO, 636012716

NTEE Category

Code: W60 - Public benefit

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