Overview
What is Jackson River Community Credit Union?
Jackson River Community Credit Union is a nonprofit financial institution situated in Covington, Virginia. With a commitment to its members, the credit union provides various financial services at minimal costs. These services encompass savings and checking accounts, certificates of deposits, retirement accounts, and loans, including mortgages, personal, and vehicle loans. The credit union follows a board-approved policy for loan approval, ensuring that each member demonstrates the capacity to repay and is creditworthy. The credit union's mission is to help its members achieve their financial goals, keeping its fees and service costs to a minimum. With a team of 18 dedicated employees, Jackson River Community Credit Union strives to serve its community effectively.
Official website here: www.jacksonrivcommcu.org
Is Jackson River Community Credit Union legitimate?
Jackson River Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Jackson River Community 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: $141,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $560,118
For more financial information, click here
Official website here: www.jacksonrivcommcu.org
What is the mission statement of Jackson River Community Credit Union?
Jackson River Community Credit Union's mission is centered around helping its members achieve their financial goals and needs. The credit union strives to keep its fees and service costs minimal, offering a variety of financial services such as savings and checking accounts, certificates of deposits, Individual Retirement Accounts (IRAs), consumer loans, and mortgages. The credit union evaluates each member's loan application based on its approved policy, considering their ability, willingness, and creditworthiness to repay. Overall, Jackson River Community Credit Union's mission is to provide affordable financial services and support its members in managing their finances effectively.
Official website here: www.jacksonrivcommcu.org
Who is the CEO of Jackson River Community Credit Union?
Kathleen All is the Ceo of Jackson River Community Credit Union. The CEO's salary of Jackson River Community Credit Union is $125,837 and their total compensation is $221,264.
Official website here: www.jacksonrivcommcu.org
What is the revenue of Jackson River Community Credit Union?
Jackson River Community Credit Union's revenue in 2022 was $4,389,231.
Official website here: www.jacksonrivcommcu.org
Who are the executives of Jackson River Community Credit Union and what are their salaries?
The average compensation at Jackson River Community Credit Union during 2022 was $38,988. There are 18 employees and 10 volunteers at Jackson River Community Credit Union.
Here are 8 key members and their salaries (Jackson River Community Credit Union's CEO's salary is $125,837 and their total compensation is $221,264):
- Compensation: $125,837
- Related: $0
- Other: $95,427
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jacksonrivcommcu.org
Where can I find the form 990 for Jackson River Community Credit Union?
Jackson River Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacksonrivcommcu.org
Learn more at the official website: www.jacksonrivcommcu.org
Mission Statement of Jackson River Community Credit Union
Jackson River Community Credit Union's mission is centered around assisting its members in achieving their financial goals and needs. The credit union is committed to keeping the fees and costs of its services at a minimum. To accomplish this, it offers a variety of financial services, such as savings and checking accounts, certificates of deposits, IRAs, consumer loans, and mortgages. By providing these services at minimal costs, the credit union aims to help its members manage and grow their finances effectively. The credit union's loan policy is an important aspect of its mission. It approves loans to members based on their ability to repay, willingness to repay, and creditworthiness, ensuring that each member can access the financial assistance they need to meet their financial goals.
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Impact
October, 2024
Jackson River Community Credit Union significantly impacts its members by providing essential financial services at minimal costs. By offering a diverse range of products, including savings and checking accounts, certificates of deposit, IRAs, consumer loans, and mortgages, the credit union ensures that individuals and families in Covington, VA, have access to affordable financial solutions that help them achieve their financial goals.
The institution operates with a commitment to low fees and an inclusive approach to lending, basing loan approvals on the ability and willingness of members to repay rather than their account balance. This policy fosters financial responsibility and creates opportunities for members who might face barriers in traditional banking environments.
Overall, Jackson River Community Credit Union enhances community well-being by promoting financial literacy, stability, and progress among its membership.
This information is meant to be a general summary of Jackson River Community 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: $868,743
- Program Service Revenue: $3,519,134
- Gross Receipts: $4,389,231
Assets and Liabilities:
- Total Assets: $107,256,526
- Total Liabilities: $1,167,948
- Net Assets: $106,088,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loans
Revenue
$2,558,148
Fees
Revenue
$960,986
Organization Details
Founding Year
1953
Phone
(540) 962-6154Principal Officer
Kathleen All
Main Address
347 N Court Ave, Covington, VA, 24426
Website
www.jacksonrivcommcu.orgNTEE Category
Code: W60 - Public benefit
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