Overview
What is Blue Flame Credit Union?
Blue Flame Credit Union is a nonprofit organization that prioritizes its members' financial well-being. Its primary function is to offer affordable loans and secure deposit services, ensuring its members receive competitive interest rates. The mission of Blue Flame Credit Union revolves around providing a diverse range of personal financial services, catering exclusively to its members. This organization's activities are centered around extending financial assistance to its members, contributing to their financial stability and success.
Official website here: www.blueflamecu.org
Is Blue Flame Credit Union legitimate?
Blue Flame Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Blue Flame 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: $113,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,001
For more financial information, click here
Official website here: www.blueflamecu.org
What is the mission statement of Blue Flame Credit Union?
Blue Flame Credit Union's mission is centered around providing financial services to its members. Specifically, it offers a range of personal loans at reasonable rates and accepts deposits, paying competitive interest rates in return. The credit union's mission is to extend these financial services exclusively to its members, aligning with the broader objectives of credit unions to promote financial well-being and accessibility. By doing so, Blue Flame Credit Union contributes to the financial stability and prosperity of its members.
Official website here: www.blueflamecu.org
Who is the CEO of Blue Flame Credit Union?
Charles Lowe is the CEO of Blue Flame Credit Union The CEO's salary of Blue Flame Credit Union is $113,279 and their total compensation is $113,279.
Official website here: www.blueflamecu.org
What is the revenue of Blue Flame Credit Union?
Blue Flame Credit Union's revenue in 2024 was $1,466,305.
Official website here: www.blueflamecu.org
Who are the executives of Blue Flame Credit Union and what are their salaries?
The average compensation at Blue Flame Credit Union during 2024 was $63,160. There are 8 employees and 12 volunteers at Blue Flame Credit Union.
Here are 13 key members and their salaries (Blue Flame Credit Union's CEO's salary is $113,279 and their total compensation is $113,279):
- Compensation: $113,279
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blueflamecu.org
Where can I find the form 990 for Blue Flame Credit Union?
Blue Flame Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.blueflamecu.org
Learn more at the official website: www.blueflamecu.org
Mission Statement of Blue Flame Credit Union
Blue Flame Credit Union, as a financial institution, is dedicated to fulfilling a mission that benefits its members. This mission is centered around offering a diverse array of personal financial services at affordable costs. By providing loans at reasonable rates and ensuring that deposits garner reasonable returns, Blue Flame Credit Union strives to cater to the financial needs of its members in an equitable manner. The organization's mission is therefore geared towards enhancing the financial well-being of its members.
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Impact
October, 2024
Blue Flame Credit Union plays a significant role in the financial well-being of its members in Charlotte, NC. By offering low-cost loans and accessible financial services, it empowers individuals and families to achieve their financial goals. The organization focuses on providing reasonable rates for loans, making it easier for members to access the funds they need for various purposes, such as education, home purchases, or emergency expenses.
In addition to loans, Blue Flame Credit Union accepts deposits and offers competitive rates, encouraging members to save and build financial security. Through a wide variety of personal financial services, the credit union supports its members' needs while fostering a sense of community and belonging. Its commitment to providing affordable financial products contributes to the overall economic growth and stability of the Charlotte area, making a meaningful impact on the lives of those it serves.
This information is meant to be a general summary of Blue Flame 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 2024.
- Investment Income: $135,478
- Program Service Revenue: $1,328,857
- Gross Receipts: $1,466,305
Assets and Liabilities:
- Total Assets: $32,790,566
- Total Liabilities: $27,133,566
- Net Assets: $5,657,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan income
Revenue
$1,098,253
Fee Income
Revenue
$69,939
Insurance Income
Revenue
$8,708
Card Income
Revenue
$121,601
Program 5
Revenue
$0
Organization Details
Founding Year
1954
Principal Officer
Charles Lowe
Website
www.blueflamecu.orgNTEE Category
Code: W60 - Public benefit
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