Catholic Family Credit Union

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

EIN: 440662742 ✦ Kansas city, MO ✦ Designated as a 501(c)(14)

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Overview

What is Catholic Family Credit Union?

Catholic Family Credit Union is a nonprofit organization dedicated to serving Catholic communities by offering affordable credit access and quality financial services. Their mission is to promote savings and provide affordable credit for financially responsible purposes, while simultaneously delivering top-notch financial services. This credit union aims to support its Catholic communities by facilitating interest on loans and transfer payments, thereby contributing to their financial well-being.


Official website here: www.catholicfamilycu.com

Is Catholic Family Credit Union legitimate?

Catholic Family Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Catholic Family 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: $76,854
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,507

For more financial information, click here


Official website here: www.catholicfamilycu.com

What is the mission statement of Catholic Family Credit Union?

Catholic Family Credit Union's mission is centered around promoting savings and offering affordable credit options for productive and responsible purposes. Their primary goal is to cater to the financial needs of their Catholic communities by providing high-quality financial services. The credit union's operations include offering interest on loans and facilitating transfer payments. In essence, Catholic Family Credit Union aims to foster financial stability and growth within its community by promoting thrift and providing affordable credit.


Official website here: www.catholicfamilycu.com

Who is the CEO of Catholic Family Credit Union?

Mark Heineman is the President of Catholic Family Credit Union.


Official website here: www.catholicfamilycu.com

What is the revenue of Catholic Family Credit Union?

Catholic Family Credit Union's revenue in 2022 was $505,930.


Official website here: www.catholicfamilycu.com

Who are the executives of Catholic Family Credit Union and what are their salaries?

The average compensation at Catholic Family Credit Union during 2022 was $57,120. There are 3 employees and 8 volunteers at Catholic Family Credit Union.


Here are 5 key members and their salaries:


Mark Heineman (President)
  • Compensation: $76,854
  • Related: $0
  • Other: $0
David Blickhan (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Hall (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Walters (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Kieffer (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.catholicfamilycu.com

Where can I find the form 990 for Catholic Family Credit Union?

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


Official website here: www.catholicfamilycu.com

Learn more at the official website: www.catholicfamilycu.com

Mission Statement of Catholic Family Credit Union

Catholic Family Credit Union's mission is centered around promoting thrift and providing affordable credit access for productive and provident purposes. This mission is further extended to offering high-quality financial services to the Catholic communities. By doing so, the credit union aims to make credit more accessible and beneficial for its members, encouraging responsible financial management and growth. The core objective of Catholic Family Credit Union is to serve its Catholic communities, offering interest on loans and facilitating transfer payments, thereby contributing to financial well-being and prosperity within these communities.

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Impact




October, 2024

Catholic Family Credit Union plays a vital role in promoting thrift and financial stability within Catholic communities in Kansas City, MO. By providing affordable access to credit, it enables individuals and families to manage their financial needs effectively, whether for essential expenses, education, or community projects.

Through its focus on quality financial services, the credit union supports the economic empowerment of its members, fostering a culture of responsible borrowing and saving. The ability to access loans with favorable terms helps to uplift individuals, contributing to their overall financial well-being and the prosperity of the community. Additionally, the organization emphasizes the importance of managing finances for provident and productive purposes, further enhancing its positive impact.

In essence, Catholic Family Credit Union is instrumental in building a financially-savvy community, encouraging its members to engage in thrifty practices while also providing essential resources to meet their needs.




This information is meant to be a general summary of Catholic Family 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
$505,930 (2022)
Expenses
$449,819 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $110,282
  • Program Service Revenue: $395,648
  • Gross Receipts: $505,930

Assets and Liabilities:

  • Total Assets: $17,395,129
  • Total Liabilities: $16,092,601
  • Net Assets: $1,302,528

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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

$336,301

transfer payments

Revenue

$55,391

third party reimbursments

Revenue

$3,956

Organization Details

Founding Year

1957

Principal Officer

Mark Heineman

Main Address

9237 Ward Parkway Ste 114, Kansas City, MO, 64114

NTEE Category

Code: W60 - Public benefit

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