Overview
What is Lisbon Farmers Union Credit Union?
Lisbon Farmers Union Credit Union is a member-owned financial institution situated in Lisbon, North Dakota. Established with a mission to serve its members, the credit union offers both savings and loan options. With a dedicated team of just two employees, they aim to support their community by providing essential financial services.
Is Lisbon Farmers Union Credit Union legitimate?
Lisbon Farmers Union Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lisbon Farmers Union 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: $91,956
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,980
For more financial information, click here
What is the mission statement of Lisbon Farmers Union Credit Union?
The Lisbon Farmers Union Credit Union serves as a member-owned institution, offering savings and loan options to its members. Its primary mission is to provide financial services that cater to the financial needs of its members, fostering a sense of community and financial empowerment. By offering savings and loan options, the credit union enables its members to save for their future and access funds for various purposes, thereby promoting financial stability and security. The credit union is committed to putting its members' interests at the forefront, ensuring that they have access to reliable and affordable financial services. It operates on a cooperative principle, where members have a say in the decision-making process and share in the credit union's success.
Who is the CEO of Lisbon Farmers Union Credit Union?
Owen Trangsrud is the President of Lisbon Farmers Union Credit Union.
What is the revenue of Lisbon Farmers Union Credit Union?
Lisbon Farmers Union Credit Union's revenue in 2022 was $206,687.
Who are the executives of Lisbon Farmers Union Credit Union and what are their salaries?
The average compensation at Lisbon Farmers Union Credit Union during 2022 was $56,968. There are 2 employees at Lisbon Farmers Union Credit Union.
Here are 12 key members and their salaries:
- Compensation: $86,856
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
Where can I find the form 990 for Lisbon Farmers Union Credit Union?
Lisbon Farmers Union Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lisbon Farmers Union Credit Union
Lisbon Farmers Union Credit Union, as a member-owned institution, is dedicated to offering savings and loan options to its members. This organization serves its community by providing financial services that are tailored to meet the needs of its members. By operating as a credit union, Lisbon Farmers Union Credit Union allows its members to have a say in its operations and decisions, fostering a sense of community and mutual support. The credit union's mission is to empower its members by offering them financial solutions that help them manage their finances effectively and achieve their financial goals.
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Impact
October, 2024
Lisbon Farmers Union Credit Union plays a significant role in the financial landscape of Lisbon, ND, by offering essential savings and loan options to its members. As a member-owned institution, it empowers individuals and families within the community to manage their finances more effectively, promoting financial stability and growth. By providing accessible financial services, the credit union fosters a supportive environment that encourages saving, responsible borrowing, and investment in local endeavors. Its mission underscores a commitment to enhancing the economic well-being of its members, contributing to the overall vitality of the community through personalized financial solutions and support.
This information is meant to be a general summary of Lisbon Farmers Union 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: $1,459
- Program Service Revenue: $205,228
- Gross Receipts: $206,687
Assets and Liabilities:
- Total Assets: $4,670,080
- Total Liabilities: $1,943,659
- Net Assets: $2,726,421
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING INCOME
Revenue
$205,228
Organization Details
Founding Year
1946
Phone
(701) 683-2296Principal Officer
Owen Trangsrud
Main Address
PO BOX AB, LISBON, ND, 58054
NTEE Category
Code: W60 - Public benefit
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