Overview
What is Universal Credit Union?
Universal Credit Union is a nonprofit organization situated in Independence, Kansas, specifically at 117 South 8th. With a dedicated team of three individuals, their primary mission is to offer high-quality financial services to their 241 members/owners. This commitment is aimed at improving their financial well-being while ensuring the financial stability of the credit union itself. The nonprofit provides various financial and financially related services to its members, working towards their overall financial health.
Is Universal Credit Union legitimate?
Universal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Universal 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: $16,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,400
For more financial information, click here
What is the mission statement of Universal Credit Union?
Universal Credit Union's mission is centered around providing top-notch financial services to its members, aiming to enhance their financial well-being. The credit union strives to maintain its financial stability while delivering these services, ensuring the long-term success of the institution. By offering various financial and financially related services, the union seeks to cater to the needs of its 241 members, thereby contributing to their financial prosperity.
Who is the CEO of Universal Credit Union?
Laura Kelly is the Principal Officer of Universal Credit Union.
What is the revenue of Universal Credit Union?
Universal Credit Union's revenue in 2021 was $45,888.
Who are the executives of Universal Credit Union and what are their salaries?
The average compensation at Universal Credit Union during 2021 was $7,185. There are 3 employees and 6 volunteers at Universal Credit Union.
Here are 7 key members and their salaries:
- Compensation: $16,154
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Universal Credit Union?
Universal Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Universal Credit Union
Universal Credit Union, a financial institution dedicated to its members, is committed to providing high-quality financial services. Its mission is twofold: firstly, to enhance the financial well-being of its members, and secondly, to maintain the financial strength of the credit union. By delivering top-notch financial services, the credit union aims to improve the financial standing of its members, thereby contributing to their overall quality of life. Simultaneously, it ensures the financial stability of the credit union, ensuring it can continue to serve its members effectively.
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Impact
October, 2024
Universal Credit Union significantly enhances the financial well-being of its 241 members in Independence, KS. By offering high-quality financial services, it empowers individuals to make informed financial decisions, fostering greater economic stability within the community. The focus on member ownership ensures that the interests of individuals are prioritized, leading to tailored services that meet unique financial needs.
The credit union's commitment to maintaining financial strength not only benefits its members but also contributes to the overall economic health of the area. By providing accessible financial products and services, Universal Credit Union aids in building a more financially literate community, promoting responsible financial practices and improving the quality of life for its members. In essence, its impact is felt both on individual levels and within the broader community, enhancing public benefit and supporting a sustainable economic environment.
This information is meant to be a general summary of Universal 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 2021.
- Investment Income: $3,787
- Program Service Revenue: $42,101
- Gross Receipts: $45,888
Assets and Liabilities:
- Total Assets: $1,188,909
- Total Liabilities: $835,785
- Net Assets: $353,124
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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
$39,375
FEES AND CHARGES
Revenue
$2,726
Organization Details
Founding Year
1935
Phone
(620) 331-6320Principal Officer
Laura Kelly
Main Address
117 South 8th, Independence, KS, 67301
NTEE Category
Code: W60 - Public benefit
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