Overview
What is The Credit Union Of Richmond Inc?
The Credit Union of Richmond Inc, located at 1601 OWNBY LANE, RICHMOND, VA 23220, is a cooperative organization dedicated to fostering thrift among its members and serving as a reliable source of credit for their provident or productive needs. Established with the purpose of promoting savings and lending, this nonprofit boasts a workforce of 21 individuals. Despite the limited information provided, it is clear that this credit union plays a significant role in financial well-being and empowerment for its members.
Official website here: www.curich.org
Is The Credit Union Of Richmond Inc legitimate?
The Credit Union Of Richmond Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Credit Union Of Richmond 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: $153,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $779,144
For more financial information, click here
Official website here: www.curich.org
What is the mission statement of The Credit Union Of Richmond Inc?
The Credit Union of Richmond Inc. is established as a cooperative, with the primary objective of fostering thrift among its members and creating a reliable source of credit for financially responsible purposes. This cooperative operates with the aim of promoting saving habits among its members and providing them with accessible credit for their future needs. By doing so, it serves to empower its members to manage their finances effectively, ultimately contributing to their financial well-being.
Official website here: www.curich.org
Who is the CEO of The Credit Union Of Richmond Inc?
Arthur Hart is the Chairman of The Credit Union Of Richmond Inc. The CEO's salary of The Credit Union Of Richmond Inc is $153,572 and their total compensation is $196,792.
Official website here: www.curich.org
What is the revenue of The Credit Union Of Richmond Inc?
The Credit Union Of Richmond Inc's revenue in 2022 was $3,275,980.
Official website here: www.curich.org
Who are the executives of The Credit Union Of Richmond Inc and what are their salaries?
The average compensation at The Credit Union Of Richmond Inc during 2022 was $44,415. There are 21 employees and 13 volunteers at The Credit Union Of Richmond Inc.
Here are 10 key members and their salaries (The Credit Union Of Richmond Inc's CEO's salary is $153,572 and their total compensation is $196,792):
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $153,572
- Related: $0
- Other: $43,220
Official website here: www.curich.org
Where can I find the form 990 for The Credit Union Of Richmond Inc?
The Credit Union Of Richmond Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.curich.org
Learn more at the official website: www.curich.org
Mission Statement of The Credit Union Of Richmond Inc
The Credit Union of Richmond, as a cooperative, is established with a mission to foster savings among its members and serve as a reliable source of credit for purposes that are both provident and productive. This organization operates with the primary objective of promoting thrift among its members, ultimately providing them with the resources necessary for worthy investments or projects.
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Impact
October, 2024
The Credit Union of Richmond Inc plays a vital role in the local community by fostering financial health and empowerment among its members. It promotes thrift, encouraging individuals to save and manage their resources responsibly. By providing accessible credit options, it supports members in achieving productive goals, be it buying a home, funding education, or starting a business.
The cooperative nature of the credit union facilitates a supportive environment where members can benefit from lower interest rates and personalized financial services tailored to their needs. This approach not only enhances the economic stability of individuals but also contributes to the broader economic growth of Richmond, VA. By prioritizing their members' financial well-being and promoting responsible borrowing and saving, The Credit Union of Richmond Inc strengthens community ties and fosters a culture of mutual support.
This information is meant to be a general summary of The Credit Union Of Richmond 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $377,835
- Program Service Revenue: $2,898,145
- Gross Receipts: $3,326,957
Assets and Liabilities:
- Total Assets: $69,624,312
- Total Liabilities: $58,753,635
- Net Assets: $10,870,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$1,797,047
FEES AND CHARGES
Revenue
$1,101,098
Organization Details
Founding Year
1923
Phone
(804) 355-9684Principal Officer
Arthur Hart
Main Address
1601 OWNBY LANE, RICHMOND, VA, 23220
Website
www.curich.orgIf you are a representative of The Credit Union Of Richmond Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.