Overview
What is Fedco Credit Union?
Fedco Credit Union is a voluntary, cooperative, and non-profit savings institution, established under Missouri statutes. Its primary objective is to foster thrift and savings among its members, while providing them with credit at a reasonable interest rate. The organization's mission is to enhance the financial well-being of its members by improving their financial knowledge and management skills. As a non-profit, Fedco Credit Union operates with the aim of benefiting its members as a whole, rather than earning profits for shareholders.
Is Fedco Credit Union legitimate?
Fedco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fedco 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Fedco Credit Union?
Fedco Credit Union, as a voluntary, cooperative, and non-profit savings institution, operates under Missouri statutes with the primary objective of encouraging thrift and savings among its members. It provides credit at a fair and reasonable interest rate, aiming to increase financial well-being among its members. Moreover, the credit union is committed to enhancing the financial knowledge and abilities of its members, enabling them to effectively manage and control their financial circumstances.
Who is the CEO of Fedco Credit Union?
Nicholas Roberts is the Director of Fedco Credit Union. The CEO's salary of Fedco Credit Union is $0 and their total compensation is $0.
What is the revenue of Fedco Credit Union?
Fedco Credit Union's revenue in 2022 was $88,825.
Who are the executives of Fedco Credit Union and what are their salaries?
Here are 8 key members and their salaries (Fedco Credit Union's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Fedco Credit Union?
Fedco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fedco Credit Union
Fedco Credit Union, established as a voluntary, cooperative, non-profit savings institution, has a mission to encourage thrift and savings among its members. This mission is accomplished by providing credit at a fair and reasonable rate of interest, with the ultimate goal of increasing the financial well-being of its members. The organization also aims to enhance the knowledge and abilities of its members in managing and controlling their finances. By fostering a cooperative environment, Fedco Credit Union empowers its members to make sound financial decisions and achieve financial stability.
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Impact
October, 2024
Fedco Credit Union significantly impacts its members and the broader community by promoting financial well-being and responsible money management. Situated in Jefferson City, MO, the credit union focuses on encouraging thrift and savings among its members, fostering a culture of financial discipline and empowerment.
Through its cooperative model, Fedco Credit Union provides access to credit at fair and reasonable interest rates, ensuring that members can achieve their financial goals without facing exorbitant costs. This commitment to equitable lending supports individuals and families in navigating their financial journeys.
Additionally, Fedco Credit Union is dedicated to enhancing the financial literacy of its members. By increasing knowledge and skills related to personal finance, the credit union empowers its members to make informed decisions, ultimately leading to improved financial stability. Through these initiatives, Fedco Credit Union plays a vital role in building a resilient and financially savvy community.
This information is meant to be a general summary of Fedco 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.
- Program Service Revenue: $88,825
- Gross Receipts: $88,825
Assets and Liabilities:
- Total Assets: $6,931,002
- Total Liabilities: $6,315,749
- Net Assets: $615,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME
Revenue
$46,127
INTEREST ON LOANS
Revenue
$42,693
MISCELLANEOUS FEES
Revenue
$5
Organization Details
Phone
(573) 893-1474Principal Officer
Nicholas Roberts
Main Address
701 S COUNTRY CLUB DR, JEFFERSON CITY, MO, 65109
NTEE Category
Code: W60 - Public benefit
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