Overview
What is Hometown Credit Union?
Hometown Credit Union is a member-owned financial cooperative, situated within its trade area. Its core objective is to foster thrift and economic development, while delivering top-notch financial services to cater to its members' needs. This credit union is committed to sustainable growth, ensuring long-term financial stability. As a cooperative, Hometown Credit Union serves its members by providing various programs, including total expenses management.
Official website here: www.hcuonline.com
Is Hometown Credit Union legitimate?
Hometown Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hometown 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: $169,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,082,954
For more financial information, click here
Official website here: www.hcuonline.com
What is the mission statement of Hometown Credit Union?
Hometown Credit Union, as a financial cooperative, is committed to serving its members. Its primary objective is to encourage savings and foster economic growth within its trade area. The credit union strives to offer superior financial services, tailored to meet the needs of its members. In its pursuit of growth, Hometown Credit Union maintains a focus on long-term financial stability. Its operations encompass various programs aimed at providing comprehensive financial solutions to its members.
Official website here: www.hcuonline.com
Who is the CEO of Hometown Credit Union?
Harold Hagen is the Ceo of Hometown Credit Union. The CEO's salary of Hometown Credit Union is $157,717 and their total compensation is $157,717.
Official website here: www.hcuonline.com
What is the revenue of Hometown Credit Union?
Hometown Credit Union's revenue in 2022 was $7,768,677.
Official website here: www.hcuonline.com
Who are the executives of Hometown Credit Union and what are their salaries?
The average compensation at Hometown Credit Union during 2022 was $44,170. There are 51 employees and 5 volunteers at Hometown Credit Union.
Here are 6 key members and their salaries (Hometown Credit Union's CEO's salary is $157,717 and their total compensation is $157,717):
- Compensation: $157,717
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
Official website here: www.hcuonline.com
Where can I find the form 990 for Hometown Credit Union?
Hometown Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcuonline.com
Learn more at the official website: www.hcuonline.com
Mission Statement of Hometown Credit Union
Hometown Credit Union, a member-owned and operated financial cooperative, is committed to promoting financial wellness and economic development within its trade area. Its mission is twofold: first, to encourage savings among its members, fostering a culture of thrift; and second, to provide top-notch financial services that cater to the diverse needs of its members. The credit union strives to maintain long-term financial stability while expanding its services, ensuring it remains a reliable and robust financial institution for its members. By focusing on these goals, Hometown Credit Union aims to enhance the financial lives of its members, contributing to their financial security and overall well-being.
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Impact
October, 2024
Hometown Credit Union plays a significant role in strengthening the economic landscape of Kulm, ND, by serving its members through a range of financial services tailored to meet their specific needs. As a financial cooperative, it is deeply rooted in the community and focuses on promoting thrift and economic development within its trade area.
By prioritizing the financial well-being of its members, Hometown Credit Union fosters a sense of community and shared prosperity. Its commitment to providing the best possible financial services ensures that members have access to the resources they need for personal and business growth. This approach not only benefits individual members but also contributes to the overall economic stability of the region.
Furthermore, Hometown Credit Union's dedication to maintaining long-term financial stability allows it to invest in the community further, supporting local initiatives and encouraging economic development. The impact is felt in numerous ways, from empowering individuals with better financial opportunities to enhancing the vitality of the local economy. Through its cooperative model, Hometown Credit Union exemplifies how a member-focused financial institution can drive positive change and foster sustainable growth in its community.
This information is meant to be a general summary of Hometown 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: $485,509
- Program Service Revenue: $7,283,168
- Gross Receipts: $7,768,677
Assets and Liabilities:
- Total Assets: $178,035,582
- Total Liabilities: $1,111,262
- Net Assets: $176,924,320
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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
$6,682,379
OTHER INCOME
Revenue
$600,789
Organization Details
Founding Year
1949
Phone
(701) 647-2448Principal Officer
Harold Hagen
Main Address
PO Box 310, Kulm, ND, 584560310
Website
www.hcuonline.comNTEE Category
Code: W60 - Public benefit
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