Overview
What is Lamoure Credit Union?
Lamoure Credit Union is a state-chartered credit union, headquartered in Lamoure, North Dakota. With a strong commitment to mutual benefits, it serves approximately 1,140 members. The organization provides essential financial services, including deposit accounts and loans, to its members. Established with the aim of fostering a sense of community and shared prosperity, Lamoure Credit Union operates with the primary goal of enhancing its members' financial well-being. With a modest workforce of eight dedicated individuals, the credit union continues to play a vital role in the financial lives of its members in the region.
Official website here: www.lamourecu.com
Is Lamoure Credit Union legitimate?
Lamoure Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lamoure 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: $138,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,927
For more financial information, click here
Official website here: www.lamourecu.com
What is the mission statement of Lamoure Credit Union?
Lamoure Credit Union serves as a state-chartered organization, functioning for the mutual benefit of its members. Its mission is to provide financial services, offering deposit accounts and loans to its members. The credit union actively catered to approximately 1140 members in 2022. The primary goal of Lamoure Credit Union is to operate in a manner that benefits its members collectively.
Official website here: www.lamourecu.com
Who is the CEO of Lamoure Credit Union?
Dale Siedschlag is the President of Lamoure Credit Union.
Official website here: www.lamourecu.com
What is the revenue of Lamoure Credit Union?
Lamoure Credit Union's revenue in 2022 was $962,775.
Official website here: www.lamourecu.com
Who are the executives of Lamoure Credit Union and what are their salaries?
The average compensation at Lamoure Credit Union during 2022 was $36,304. There are 8 employees at Lamoure Credit Union.
Here are 6 key members and their salaries:
- Compensation: $137,917
- Related: $0
- Other: $33,876
- Compensation: $120
- Related: $0
- Other: $0
- Compensation: $120
- Related: $0
- Other: $0
- Compensation: $120
- Related: $0
- Other: $0
- Compensation: $120
- Related: $0
- Other: $0
- Compensation: $110
- Related: $0
- Other: $0
Official website here: www.lamourecu.com
Where can I find the form 990 for Lamoure Credit Union?
Lamoure Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamourecu.com
Learn more at the official website: www.lamourecu.com
Mission Statement of Lamoure Credit Union
Lamoure Credit Union, as a state-chartered credit union, is organized and operated with a mutual purpose. This means that the credit union is not driven by profit but instead serves its members' financial needs. Its mission is to provide various financial services, including deposit accounts and loans, to its approximately 1140 members. The credit union operates based on the principle of mutuality, where members contribute to its growth and reap the benefits of its services. During the year 2022, Lamoure Credit Union successfully served its members with these financial services.
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Impact
October, 2024
Lamoure Credit Union significantly impacts the community by providing essential financial services tailored to the needs of its members. In 2022, the credit union served approximately 1,140 individuals, demonstrating its commitment to supporting local residents and fostering economic growth in Lamoore, ND. By offering a range of services, including deposit accounts and loans, Lamoure Credit Union enhances financial accessibility and encourages responsible financial management among its members. This focus on mutual benefit cultivates a strong sense of community and promotes financial stability for individuals and families in the area.
This information is meant to be a general summary of Lamoure 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: $143,094
- Program Service Revenue: $806,381
- Gross Receipts: $962,775
Assets and Liabilities:
- Total Assets: $36,107,391
- Total Liabilities: $31,531,071
- Net Assets: $4,576,320
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CHARGES
Revenue
$806,381
Organization Details
Founding Year
1940
Principal Officer
Dale Siedschlag
Main Address
203 7TH STREET SE PO BOX 178, LAMOURE, ND, 58458
Website
www.lamourecu.comNTEE Category
Code: W60 - Public benefit
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