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Charlotte Fire Department Credit Un

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560769519 ✦ Charlotte, NC ✦ Designated as a 501(c)(14)

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Overview

What is Charlotte Fire Department Credit Un?

Charlotte Fire Department Credit Un, located at 2121 Commonwealth Avenue, Charlotte, NC 28205, is a nonprofit financial institution dedicated to serving its members. The credit union offers reasonably priced loans and accepts deposits, paying reasonable interest rates on those deposits as a part of its mission. The team consists of 11 dedicated individuals who work tirelessly to ensure the financial well-being of their members. The credit union's primary focus remains on providing financial services, contributing to the financial stability of its members and the community at large.


Official website here: www.cfdcu.org

Is Charlotte Fire Department Credit Un legitimate?

Charlotte Fire Department Credit Un is a legitimate nonprofit organization registered as a 501(c)(14) entity. Charlotte Fire Department Credit Un 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: $128,205
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,001,886

For more financial information, click here


Official website here: www.cfdcu.org

What is the mission statement of Charlotte Fire Department Credit Un?

The Charlotte Fire Department Credit Union's mission is centered around providing financial services to its members. It strives to offer these services at reasonable rates, demonstrating a commitment to affordability. Furthermore, the credit union is dedicated to paying reasonable dividends to its members, reflecting its financial success and appreciation for its member base. Throughout the year, the credit union fulfills this mission by providing loans at reasonable rates and accepting deposits, offering interest on these deposits at comparable rates.


Official website here: www.cfdcu.org

Who is the CEO of Charlotte Fire Department Credit Un?

Deborah H Trotter is the President of Charlotte Fire Department Credit Un.


Official website here: www.cfdcu.org

What is the revenue of Charlotte Fire Department Credit Un?

Charlotte Fire Department Credit Un's revenue in 2022 was $1,882,782.


Official website here: www.cfdcu.org

Who are the executives of Charlotte Fire Department Credit Un and what are their salaries?

The average compensation at Charlotte Fire Department Credit Un during 2022 was $102,736. There are 11 employees at Charlotte Fire Department Credit Un.


Here are 6 key members and their salaries:


Deborah H Trotter (President)
  • Compensation: $128,205
  • Related: $0
  • Other: $0
John M Keffer (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lc Kelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Kurzel (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Everette Passaly (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wr Summey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cfdcu.org

Where can I find the form 990 for Charlotte Fire Department Credit Un?

Charlotte Fire Department Credit Un's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cfdcu.org

Learn more at the official website: www.cfdcu.org

Mission Statement of Charlotte Fire Department Credit Un

Charlotte Fire Department Credit Union is committed to providing financial services to its members at affordable rates. This organization serves its members by offering loans at reasonable interest rates. In addition, it accepts deposits and pays a reasonable return on those deposits. By doing so, the credit union aims to meet the financial needs of its members while ensuring they receive a fair return on their investments.

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Impact




October, 2024

The Charlotte Fire Department Credit Union plays a significant role in enhancing the financial well-being of its members by offering accessible financial services that are designed to meet their needs. By providing loans at reasonable rates, the credit union enables members to secure funding for various personal and professional endeavors, contributing to their financial stability and overall quality of life.

Additionally, the credit union encourages savings by accepting deposits and offering competitive interest rates, fostering a culture of saving among its members. This commitment to reasonable rates for both loans and deposits ensures that members are not only supported in times of need but are also rewarded for their savings efforts.

Located in Charlotte, NC, the credit union effectively serves its community by focusing on the financial needs of its members, providing a reliable alternative to traditional banking institutions. Overall, the Charlotte Fire Department Credit Union has a profound positive impact on its members, promoting financial health and community empowerment through its services.




This information is meant to be a general summary of Charlotte Fire Department Credit Un. 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.

Revenue
$1,882,782 (2022)
Expenses
$1,862,788 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $386,545
  • Program Service Revenue: $1,496,237
  • Gross Receipts: $1,882,782

Assets and Liabilities:

  • Total Assets: $60,616,101
  • Total Liabilities: $55,479,033
  • Net Assets: $5,137,068

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$1,223,905

OTHER INCOME

Revenue

$195,393

FEE INCOME

Revenue

$76,939

Organization Details

Founding Year

1955

Principal Officer

Deborah H Trotter

Main Address

2121 COMMONWEALTH AVENUE, CHARLOTTE, NC, 28205

NTEE Category

Code: W61 - Public benefit

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