Overview
What is Virginia United Methodist Credit Union?
Virginia United Methodist Credit Union is a cooperative nonprofit organization, headquartered unspecified, with a mission to foster savings among its members and provide them with accessible credit for future needs. The Credit Union generates its main revenue through granting loans to its members. It operates on the principle of cooperation, aiming to promote financial responsibility and aid in securing funds for future-oriented objectives.
Official website here: www.tumcu.org
Is Virginia United Methodist Credit Union legitimate?
Virginia United Methodist Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Virginia United Methodist 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: $18,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,803
For more financial information, click here
Official website here: www.tumcu.org
What is the mission statement of Virginia United Methodist Credit Union?
Virginia United Methodist Credit Union, as a cooperative, is dedicated to fostering savings among its members and serving as a reliable source of credit for their provident or productive needs. By organizing in this manner, the credit union aims to promote financial responsibility and provide access to loans for its members. The primary means through which it generates income is by offering loans to its members.
Official website here: www.tumcu.org
Who is the CEO of Virginia United Methodist Credit Union?
James Eads is the Board Chairperson of Virginia United Methodist Credit Union. The CEO's salary of Virginia United Methodist Credit Union is $18,619 and their total compensation is $18,619.
Official website here: www.tumcu.org
What is the revenue of Virginia United Methodist Credit Union?
Virginia United Methodist Credit Union's revenue in 2022 was $896,440.
Official website here: www.tumcu.org
Who are the executives of Virginia United Methodist Credit Union and what are their salaries?
The average compensation at Virginia United Methodist Credit Union during 2022 was $29,917. There are 7 employees and 11 volunteers at Virginia United Methodist Credit Union.
Here are 10 key members and their salaries (Virginia United Methodist Credit Union's CEO's salary is $18,619 and their total compensation is $18,619):
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- Compensation: $18,619
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Official website here: www.tumcu.org
Where can I find the form 990 for Virginia United Methodist Credit Union?
Virginia United Methodist Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tumcu.org
Learn more at the official website: www.tumcu.org
Mission Statement of Virginia United Methodist Credit Union
Virginia United Methodist Credit Union, as a cooperative, is dedicated to fostering savings among its members and serving as a reliable source of credit for their provident or productive needs. Its mission is centered around promoting thrift and providing credit, thereby empowering its members to manage their finances effectively. The cooperative generates its primary income through lending to its members, emphasizing its commitment to financial well-being and support.
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Impact
October, 2024
Virginia United Methodist Credit Union plays a significant role in promoting financial well-being among its members. By fostering a cooperative environment, it encourages thriftiness and responsible financial practices. The credit union provides essential access to credit, enabling members to pursue provident and productive opportunities. This financial support can lead to improved economic stability and empowerment within the community. Located in Richmond, VA, it serves as a valuable resource for individuals seeking to enhance their financial affairs while building a supportive network among members. Through its focus on member loans and cooperative principles, the credit union not only strengthens individual finances but also contributes to the overall economic health of the community.
This information is meant to be a general summary of Virginia United Methodist 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: $115,320
- Program Service Revenue: $781,120
- Gross Receipts: $896,440
Assets and Liabilities:
- Total Assets: $17,784,615
- Total Liabilities: $16,322,948
- Net Assets: $1,461,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$549,556
Fees and Misc Income
Revenue
$231,564
Organization Details
Founding Year
1952
Phone
(804) 672-0200Principal Officer
James Eads
Main Address
7305 Boulders View Lane, Richmond, VA, 23225
Website
www.tumcu.orgNTEE Category
Code: W60 - Public benefit
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