Central Credit Union Of Maryland Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520679182 ✦ Baltimore, MD ✦ Designated as a 501(c)(14)

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Overview

What is Central Credit Union Of Maryland Inc?

Central Credit Union of Maryland Inc, situated in Baltimore, Maryland, serves as a state-chartered credit union, catering to its 4,916 members. Their mission is centered around three core principles: service, value, and loans. They aim to deliver top-notch financial services, maintaining a strong value system while becoming their members' primary source for loans. With a team of 12 dedicated employees, they strive to offer the best possible financial solutions to their members.


Official website here: www.ccumd.org

What do the Facebook reviews say about Central Credit Union Of Maryland Inc?

100% of 22 reviewers on Facebook recommend Central Credit Union Of Maryland Inc. Here is a summary of their reviews:

The overwhelming sentiment reflects a high level of satisfaction with the services provided by the credit union. Users appreciated the great customer service, emphasizing how smooth and easy the loan process was, particularly when financing a car.

Overall, it seems that the credit union successfully meets the needs of its clients, making the experience pleasant and straightforward. This positive feedback highlights their dedication to ensuring a seamless customer journey.


This AI summary has been generated from reviews found on Facebook.

Is Central Credit Union Of Maryland Inc legitimate?

Central Credit Union Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Credit Union Of Maryland Inc 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: $224,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $317,293

For more financial information, click here


Official website here: www.ccumd.org

What is the mission statement of Central Credit Union Of Maryland Inc?

Central Credit Union of Maryland Inc's mission is centered around three fundamental concepts: service, value, and loans. The credit union strives to offer its 4,916 members the best financial services, while maintaining high values. It aims to become the primary loan source for its members, providing them with reliable financial services. In essence, the credit union's mission is to serve its members effectively, offering value and convenient loan solutions.


Official website here: www.ccumd.org

Who is the CEO of Central Credit Union Of Maryland Inc?

Lisa M Jester is the Chairman of Central Credit Union Of Maryland Inc. The CEO's salary of Central Credit Union Of Maryland Inc is $190,353 and their total compensation is $210,827.


Official website here: www.ccumd.org

What is the revenue of Central Credit Union Of Maryland Inc?

Central Credit Union Of Maryland Inc's revenue in 2022 was $1,664,116.


Official website here: www.ccumd.org

Who are the executives of Central Credit Union Of Maryland Inc and what are their salaries?

The average compensation at Central Credit Union Of Maryland Inc during 2022 was $45,148. There are 12 employees at Central Credit Union Of Maryland Inc.


Here are 6 key members and their salaries (Central Credit Union Of Maryland Inc's CEO's salary is $190,353 and their total compensation is $210,827):


Gary Martin (Chairman)
  • Compensation: $2,750
  • Related: $0
  • Other: $0
Ruth Ann White (Treasurer)
  • Compensation: $2,750
  • Related: $0
  • Other: $0
Helen Schwarz (Secretary)
  • Compensation: $2,900
  • Related: $0
  • Other: $0
Ron Mcelroy (Vice Chairman)
  • Compensation: $2,750
  • Related: $0
  • Other: $0
Steve Ports (At Large)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Lisa Jester (President/Ceo)
  • Compensation: $190,353
  • Related: $0
  • Other: $20,474


Official website here: www.ccumd.org

Where can I find the form 990 for Central Credit Union Of Maryland Inc?

Central Credit Union Of Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ccumd.org

Learn more at the official website: www.ccumd.org

Mission Statement of Central Credit Union Of Maryland Inc

Central Credit Union of Maryland Inc, as a state-chartered credit union, is dedicated to serving its 4,916 members. Their mission is grounded in three fundamental concepts: service, value, and loans. This mission aims to provide top-notch financial services to its members, while maintaining strong values and becoming their primary source for loans. The credit union's goal is to offer its members the best financial services, ensuring they receive the value they deserve.

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Impact




October, 2024

Central Credit Union Of Maryland Inc serves a vital role in the financial landscape of Baltimore, impacting nearly 5,000 members by offering a range of financial services tailored to meet their needs. Its mission focuses on three key principles: service, value, and loans. This commitment drives the organization to provide competitive financial products and maintain strong customer-centric values.

By prioritizing member satisfaction, Central Credit Union fosters financial empowerment within the community, helping individuals manage their finances more effectively. The credit union’s dedication to being the central loan source for its members not only enhances their financial stability but also contributes to the overall economic health of the region. Through accessible financial services, it promotes inclusion and supports the diverse needs of the community it serves.




This information is meant to be a general summary of Central Credit Union Of Maryland Inc. 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.

Revenue
$1,664,116 (2022)
Expenses
$1,679,681 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $341,568
  • Program Service Revenue: $1,322,548
  • Gross Receipts: $1,664,116

Assets and Liabilities:

  • Total Assets: $46,215,514
  • Total Liabilities: $60,458
  • Net Assets: $46,155,056

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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

$795,943

OTHER SERVICES

Revenue

$227,263

SHARE ACCOUNT SERVICES

Revenue

$224,227

ATM FEE INCOME

Revenue

$67,853

CREDIT INSURANCE

Revenue

$7,262

Organization Details

Founding Year

1950

Principal Officer

Lisa M Jester

Main Address

8501 LASALLE ROAD, BALTIMORE, MD, 21286

NTEE Category

Code: W60 - Public benefit

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