Overview
What is Arcade Credit Union?
Arcade Credit Union, located in Asheville, North Carolina, is a nonprofit organization with a mission to offer affordable loans and savings accounts to its members. Throughout the year, it provides financial assistance by offering reasonable loan rates and pays competitive interest rates on deposits. The credit union serves its community by prioritizing the financial well-being of its members. With a small workforce of three individuals, Arcade Credit Union remains dedicated to its mission, contributing to the financial stability of its members in Asheville, NC.
Official website here: www.arcadecu.com
Is Arcade Credit Union legitimate?
Arcade Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Arcade 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,431
For more financial information, click here
Official website here: www.arcadecu.com
What is the mission statement of Arcade Credit Union?
Arcade Credit Union's mission is centered around serving its members by offering them loans at reasonable rates. This financially inclusive organization also accepts deposits and pays competitive interest rates on these deposits. By providing these financial services, Arcade Credit Union aims to contribute positively to its members' financial well-being. The credit union operates with a commitment to fairness and affordability, making it an attractive option for those seeking financial assistance. Throughout the year, Arcade Credit Union fulfills its mission by offering a range of financial products and services to its members, ensuring they have access to the financial tools they need to manage their finances effectively.
Official website here: www.arcadecu.com
Who is the CEO of Arcade Credit Union?
Shelly Fender is the Vice Preside of Arcade Credit Union.
Official website here: www.arcadecu.com
What is the revenue of Arcade Credit Union?
Arcade Credit Union's revenue in 2022 was $254,248.
Official website here: www.arcadecu.com
Who are the executives of Arcade Credit Union and what are their salaries?
The average compensation at Arcade Credit Union during 2022 was $48,810. There are 3 employees at Arcade Credit Union.
Here are 7 key members and their salaries:
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Official website here: www.arcadecu.com
Where can I find the form 990 for Arcade Credit Union?
Arcade Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arcadecu.com
Learn more at the official website: www.arcadecu.com
Mission Statement of Arcade Credit Union
Arcade Credit Union, a financial institution, is dedicated to serving its members by offering loans and savings accounts at reasonable rates. In essence, the credit union's mission is to provide accessible and affordable borrowing opportunities to its members, while simultaneously offering attractive interest rates for their deposits. Throughout the year, Arcade Credit Union demonstrates its commitment to this mission by extending loans to its members at reasonable terms and conditions. Furthermore, the credit union accepts deposits and returns a reasonable interest rate to its members, thereby fostering financial growth and stability for its members.
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Impact
October, 2024
Arcade Credit Union plays a crucial role in the Asheville community by providing loans and savings accounts to its members at reasonable rates. By offering financial products that cater to the needs of its members, the credit union not only facilitates access to credit but also promotes effective saving habits. Throughout the year, it has served its members by approving loans that help them achieve their financial goals, whether it's for purchasing a home, funding education, or managing personal expenses. Additionally, by accepting deposits and offering competitive interest rates, Arcade Credit Union encourages community members to save, fostering financial stability and growth. Overall, its commitment to reasonable rates and member-focused services significantly enhances the economic well-being of the individuals it serves.
This information is meant to be a general summary of Arcade 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: $30,617
- Program Service Revenue: $223,631
- Gross Receipts: $254,248
Assets and Liabilities:
- Total Assets: $7,560,900
- Total Liabilities: $6,692,097
- Net Assets: $868,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$181,585
OTHER INCOME
Revenue
$35,147
FEE INCOME
Revenue
$6,899
Organization Details
Founding Year
1952
Phone
(828) 254-1582Principal Officer
Shelly Fender
Main Address
151 PATTON AVENUE, ASHEVILLE, NC, 28801
Website
www.arcadecu.comNTEE Category
Code: W60 - Public benefit
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