Overview
What is Midwest Regional Credit Union?
Midwest Regional Credit Union is a nonprofit organization situated in Kansas City, Kansas (KS 661123003), dedicated to providing financial and related services to approximately 6,435 members. Their mission is to deliver top-notch financial services, thereby improving the financial well-being of their members, all while maintaining the financial robustness of the credit union itself. With a workforce of 19 individuals, Midwest Regional Credit Union is committed to offering high-quality financial solutions, ensuring the financial health of its members and the organization's longevity.
Official website here: www.mrcu.com
Is Midwest Regional Credit Union legitimate?
Midwest Regional Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midwest Regional 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: $165,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $696,050
For more financial information, click here
Official website here: www.mrcu.com
What is the mission statement of Midwest Regional Credit Union?
Midwest Regional Credit Union is committed to providing top-notch financial services to its members, with the aim of enhancing their financial well-being. This is achieved while ensuring the financial stability of the credit union itself. The credit union's mission is to offer a variety of financial and financially related services to its 6,435 members, thereby contributing to their financial health and security.
Official website here: www.mrcu.com
Who is the CEO of Midwest Regional Credit Union?
Thad Jones is the CEO of Midwest Regional Credit Union The CEO's salary of Midwest Regional Credit Union is $146,896 and their total compensation is $165,978.
Official website here: www.mrcu.com
What is the revenue of Midwest Regional Credit Union?
Midwest Regional Credit Union's revenue in 2023 was $3,000,723.
Official website here: www.mrcu.com
Who are the executives of Midwest Regional Credit Union and what are their salaries?
The average compensation at Midwest Regional Credit Union during 2023 was $39,183. There are 22 employees and 10 volunteers at Midwest Regional Credit Union.
Here are 8 key members and their salaries (Midwest Regional Credit Union's CEO's salary is $146,896 and their total compensation is $165,978):
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $146,896
- Related: $0
- Other: $19,082
Official website here: www.mrcu.com
Where can I find the form 990 for Midwest Regional Credit Union?
Midwest Regional Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mrcu.com
Learn more at the official website: www.mrcu.com
Mission Statement of Midwest Regional Credit Union
Midwest Regional Credit Union, a financial institution dedicated to its members, is committed to providing high-quality financial services. This mission is designed to enhance the financial well-being of its members while ensuring the financial stability of the credit union itself. In essence, the credit union seeks to empower its members financially, offering a variety of financial and financially related services. By prioritizing the financial well-being of its members, Midwest Regional Credit Union aims to establish a strong financial foundation for its community.
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Impact
October, 2024
Midwest Regional Credit Union significantly enhances the financial well-being of its 6,435 members through high-quality financial services tailored to individual needs. By prioritizing member interests, the credit union fosters an environment where financial education and support are paramount, empowering members to make informed decisions about their finances.
Its commitment to maintaining financial strength not only ensures sustainability but also enhances the credit union's ability to offer competitive products, such as loans and savings accounts, that positively impact the local community. Through these efforts, Midwest Regional Credit Union plays a crucial role in promoting financial stability and growth among its members in Kansas City, KS.
This information is meant to be a general summary of Midwest Regional 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 2023.
- Investment Income: $600,131
- Program Service Revenue: $2,233,821
- Gross Receipts: $3,165,865
Assets and Liabilities:
- Total Assets: $75,338,740
- Total Liabilities: $69,377,639
- Net Assets: $5,961,101
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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
$1,655,567
FEES & OTHER INCOME
Revenue
$575,654
WARRANTY SALES
Revenue
$2,600
Organization Details
Founding Year
1938
Principal Officer
Thad Jones
Website
www.mrcu.comNTEE Category
Code: W60 - Public benefit
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