Lovers Lane Credit Union

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

EIN: 436041925 ✦ Saint joseph, MO ✦ Designated as a 501(c)(14)

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Overview

What is Lovers Lane Credit Union?

Lovers Lane Credit Union is a financial institution located in Saint Joseph, Missouri, functioning as a credit union. Its primary objective is to provide various financial services to its members. The credit union's mission revolves around catering to the financial needs of its members, ensuring they have access to necessary financial resources.

Is Lovers Lane Credit Union legitimate?

Lovers Lane Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lovers Lane 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: $123,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lovers Lane Credit Union?

Lovers Lane Credit Union, as a financial institution, is committed to providing services to its members. Their mission is focused on meeting the financial needs of their members, implying a dedication to member-centric financial solutions. The credit union does not specify any particular goals beyond offering financial services, suggesting a broad scope of offerings to cater to the diverse financial needs of its members.

Who is the CEO of Lovers Lane Credit Union?

Roger Robbins is the Manager of Lovers Lane Credit Union.

What is the revenue of Lovers Lane Credit Union?

Lovers Lane Credit Union's revenue in 2023 was $521,548.

Who are the executives of Lovers Lane Credit Union and what are their salaries?

The average compensation at Lovers Lane Credit Union during 2023 was $41,155. There are 3 employees at Lovers Lane Credit Union.


There is 1 key member and their salary:


Roger Robbins (Manager)
  • Compensation: $67,434
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lovers Lane Credit Union?

Lovers Lane Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Lovers Lane Credit Union

Lovers Lane Credit Union, as a credit union, is committed to providing financial services to its members. This nonprofit organization's mission is centered around offering a range of financial solutions to its members, ensuring they have access to the financial resources they need. By focusing on financial services, Lovers Lane Credit Union aims to contribute positively to its members' financial well-being and stability. The credit union's mission is not limited to simple financial transactions but extends to offering a comprehensive suite of financial services, thereby empowering its members to manage their finances effectively.

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Impact




October, 2024

Lovers Lane Credit Union significantly impacts the Saint Joseph community by providing comprehensive financial services tailored to the needs of its members. By focusing on member services, the credit union promotes financial literacy, encourages responsible borrowing, and fosters savings among individuals and families.

This institution plays a vital role in enhancing the economic well-being of its members, offering products like low-interest loans, savings accounts, and financial education resources. By prioritizing member support over profit, Lovers Lane Credit Union cultivates a sense of community and trust, ensuring that financial services are accessible and beneficial to all.

Furthermore, Lovers Lane Credit Union contributes to the overall public benefit by promoting economic development within Saint Joseph, strengthening local businesses, and enhancing the financial stability of its members. Through its mission, it helps create a healthier financial ecosystem that empowers individuals and uplifts the community as a whole.




This information is meant to be a general summary of Lovers Lane 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
$521,548 (2023)
Expenses
$450,917 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $511,450
  • Gross Receipts: $521,548

Assets and Liabilities:

  • Total Assets: $7,959,132
  • Total Liabilities: $96,587
  • Net Assets: $7,862,545

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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

$493,881

MISC INCOME

Revenue

$17,569

Organization Details

Founding Year

1956

Principal Officer

Roger Robbins

Main Address

1502 S BELT STE A, SAINT JOSEPH, MO, 64507

NTEE Category

Code: W60 - Public benefit

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