Overview
What is Farmway Credit Union?
Farmway Credit Union is a nonprofit organization dedicated to serving the financial needs of its 7,552 members. By offering credit and various other financial programs, the union aims to promote financial well-being among its members, working towards mutual benefits. The organization's mission is to facilitate financial services, ensuring its members have access to the necessary tools for their financial growth.
Official website here: www.farmwaycu.com
Is Farmway Credit Union legitimate?
Farmway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Farmway 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: $444,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,968,335
For more financial information, click here
Official website here: www.farmwaycu.com
What is the mission statement of Farmway Credit Union?
Farmway Credit Union, as a financial institution, is dedicated to serving its 7,552 members by offering credit and various financial programs. Its mission is to operate for mutual benefits, providing essential financial services to its members. The union aims to foster financial stability and growth among its members, enabling them to manage their finances effectively. By offering credit and related financial programs, Farmway Credit Union plays a significant role in promoting financial well-being within its member community.
Official website here: www.farmwaycu.com
Who is the CEO of Farmway Credit Union?
Joe Deneke is the Vice-Chairman of Farmway Credit Union.
Official website here: www.farmwaycu.com
What is the revenue of Farmway Credit Union?
Farmway Credit Union's revenue in 2022 was $4,116,398.
Official website here: www.farmwaycu.com
Who are the executives of Farmway Credit Union and what are their salaries?
The average compensation at Farmway Credit Union during 2022 was $58,858. There are 41 employees at Farmway Credit Union.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $92,412
- Related: $0
- Other: $38,091
- Compensation: $142,742
- Related: $0
- Other: $44,534
- Compensation: $92,412
- Related: $0
- Other: $34,639
Official website here: www.farmwaycu.com
Where can I find the form 990 for Farmway Credit Union?
Farmway Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmwaycu.com
Learn more at the official website: www.farmwaycu.com
Mission Statement of Farmway Credit Union
Farmway Credit Union is dedicated to offering financial services for the collective benefit of its members. This nonprofit organization provides credit and various other financial programs to a total of 7,552 individuals, acting as a mutual aid society. By facilitating these financial services, Farmway Credit Union aims to contribute positively to its members' financial well-being.
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Impact
October, 2024
Farmway Credit Union plays a significant role in the financial wellbeing of its community in Beloit, Kansas. By providing financial services tailored for mutual purposes, it serves 7,552 members, ensuring access to credit and various related financial programs. This support fosters economic growth and stability, empowering individuals and families to achieve their financial goals. Through its services, Farmway Credit Union enhances the overall quality of life in the community, promoting financial literacy and responsibility while nurturing a sense of belonging among its members.
This information is meant to be a general summary of Farmway 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: $579,348
- Program Service Revenue: $3,537,050
- Gross Receipts: $4,116,398
Assets and Liabilities:
- Total Assets: $103,882,663
- Total Liabilities: $82,354,468
- Net Assets: $21,528,195
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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
$2,831,927
FEE INCOME
Revenue
$705,123
Organization Details
Founding Year
1950
Phone
(785) 738-2224Principal Officer
Joe Deneke
Main Address
PO BOX 446, BELOIT, KS, 67420
Website
www.farmwaycu.comNTEE Category
Code: W60 - Public benefit
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