Overview
What is West Virginia Association Of Community Bankers Inc?
West Virginia Association of Community Bankers Inc, also known as Community Bankers of West Virginia, is a nonprofit organization based in Beckley, West Virginia. With a mission to serve as a leading trade association for community banks in the state, they aim to create and enhance value for their members. Their activities involve providing educational sessions, legislative updates, and other relevant information to community banks. The association advocates for the American system of independent banking, promoting ethical standards, new business methods, and the preservation of state autonomy in banking matters. Their goal is to strengthen the economy by fostering closer cooperation among independent community banks in West Virginia. The organization has a total of 3 employees.
Official website here: www.wvacb.com
Is West Virginia Association Of Community Bankers Inc legitimate?
West Virginia Association Of Community Bankers Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. West Virginia Association Of Community Bankers 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: $156,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,256
For more financial information, click here
Official website here: www.wvacb.com
What is the mission statement of West Virginia Association Of Community Bankers Inc?
The West Virginia Association of Community Bankers Inc. aims to serve as a leading trade association for community banks in West Virginia, working to create and enhance value for its members. It encourages the American system of independent banking, advocating for the continuation of the dual system of state and national banking that recognizes the autonomy of states in banking matters. The association opposes monopolistic and multiple banking practices deemed harmful to the public interest and seeks to strengthen the economy through closer cooperation and greater uniformity of action among independent community banks. It promotes new, versatile, and service-conscious ideas, better business methods, and high ethical standards, while advocating and assisting in the enactment of better legislation for the protection of the public and independent community banks. The association provides educational sessions, legislative updates, and other relevant information to community banks.
Official website here: www.wvacb.com
Who is the CEO of West Virginia Association Of Community Bankers Inc?
Ryan Gilkerson is the President of West Virginia Association Of Community Bankers Inc.
Official website here: www.wvacb.com
What is the revenue of West Virginia Association Of Community Bankers Inc?
West Virginia Association Of Community Bankers Inc's revenue in 2022 was $464,174.
Official website here: www.wvacb.com
Who are the executives of West Virginia Association Of Community Bankers Inc and what are their salaries?
The average compensation at West Virginia Association Of Community Bankers Inc during 2022 was $64,852. There are 3 employees and 13 volunteers at West Virginia Association Of Community Bankers Inc.
Here are 15 key members and their salaries:
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Official website here: www.wvacb.com
Where can I find the form 990 for West Virginia Association Of Community Bankers Inc?
West Virginia Association Of Community Bankers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvacb.com
Learn more at the official website: www.wvacb.com
Mission Statement of West Virginia Association Of Community Bankers Inc
West Virginia Association of Community Bankers Inc, as a leading trade association, is committed to creating and enhancing value for its member community banks. The organization's mission is centered around advocating and assisting in the enactment of better state and federal legislation for the protection of the public and independent community banks. It encourages the American system of independent banking, striving for its advancement, safeguarding, and preservation by promoting the continuation of the dual system of state and national banking, which recognizes the autonomy of the states in banking matters. The association opposes monopolistic and multiple banking practices, which it views as detrimental to the public interest.
In addition to its legislative advocacy, the association also aims to extend the usefulness and influence of the banking system and strengthen the economy by fostering closer cooperation and greater uniformity of action among independent community bankers in West Virginia. It encourages new, more versatile, and service-conscious ideas, better business methods, and high ethical standards within the banking sector. By providing educational sessions, legislative updates, and other relevant information to community banks, the association seeks to empower its members, ultimately contributing to the overall growth and stability of the banking industry in West Virginia.
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Impact
October, 2024
The West Virginia Association of Community Bankers Inc. plays a crucial role in supporting the independent banking sector within the state. By advocating for the dual system of state and national banking, the organization protects the autonomy of local financial institutions, ensuring they remain competitive and responsive to community needs.
Through educational sessions and legislative updates, the association empowers community banks with the knowledge necessary to navigate the complex financial landscape. This not only enhances their operational effectiveness but also promotes ethical standards and innovative practices within the banking industry.
Additionally, the association's efforts to combat monopolistic banking practices help safeguard public interests, encouraging a diverse banking environment that can serve a wide range of customers. By fostering collaboration among independent community bankers, the organization strengthens the overall economy of West Virginia, ensuring that local banks thrive and continue to contribute to community development. Overall, the impact of the West Virginia Association of Community Bankers is reflected in its commitment to enhancing the value of its members and promoting a robust, ethical banking system that benefits the public.
This information is meant to be a general summary of West Virginia Association Of Community Bankers 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: $3,279
- Program Service Revenue: $311,095
- Gross Receipts: $464,174
Assets and Liabilities:
- Total Assets: $699,219
- Total Liabilities: $0
- Net Assets: $699,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS AND SEMINARS
Revenue
$201,182
MEMBER DUES AND ASSESS
Revenue
$85,475
OTHER
Revenue
$24,438
Organization Details
Founding Year
1993
Phone
(304) 254-9822Principal Officer
Ryan Gilkerson
Main Address
101 N KANAWHA STREET SUITE 201, BECKLEY, WV, 25801
Website
www.wvacb.comNTEE Category
Code: S46 - Community improvement
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