Overview
What is State Chartered Credit Union In North Carolina?
The State Chartered Credit Union in North Carolina, specifically known as Mount Vernon Credit Union, is a nonprofit organization that primarily serves the members of Mount Vernon Baptist Church and their affiliates. It operates on a volunteer basis, with no paid employees, including the president, manager, treasurer, and secretary. The credit union's mission is to cater to the financial needs of its members within this religious community, functioning as a church-owned institution. No program services are offered by the credit union.
Is State Chartered Credit Union In North Carolina legitimate?
State Chartered Credit Union In North Carolina is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Union In North Carolina 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.
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What is the mission statement of State Chartered Credit Union In North Carolina?
The State Chartered Credit Union in North Carolina, which is affiliated with Mount Vernon Baptist Church, is committed to serving its members and their associates. Operating as a church-owned Credit Union, its mission is to cater to the financial needs of its members. Notably, this organization is run by volunteers, with no paid employees, including the president, manager, treasurer, and secretary. The mission of this non-profit Credit Union is to provide a service that aligns with the needs and values of its membership base, all while relying on the dedication and time of its volunteer workforce.
Who is the CEO of State Chartered Credit Union In North Carolina?
Ronald Rogers is the President of State Chartered Credit Union In North Carolina.
What is the revenue of State Chartered Credit Union In North Carolina?
State Chartered Credit Union In North Carolina's revenue in 2022 was $2,113.
Who are the executives of State Chartered Credit Union In North Carolina and what are their salaries?
There 17 volunteers at State Chartered Credit Union In North Carolina.
Here are 17 key members and their salaries:
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Where can I find the form 990 for State Chartered Credit Union In North Carolina?
State Chartered Credit Union In North Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of State Chartered Credit Union In North Carolina
The Mount Vernon Credit Union, a non-profit organization, is dedicated to serving the members of Mount Vernon Baptist Church and their affiliates. As a church-owned Credit Union, its mission is to cater to the financial needs of its members, operating under the guidance of its volunteer workers, including the president, manager, treasurer, and secretary. This volunteer-run organization does not employ any staff members, ensuring that all its operations are driven by the commitment and dedication of its members. The Mount Vernon Credit Union's mission is to provide a financial institution that caters specifically to its membership, fostering a sense of community and financial security among its members.
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Impact
October, 2024
State Chartered Credit Union in North Carolina, specifically the Mount Vernon Credit Union, plays a significant role in fostering financial well-being within the Mount Vernon Baptist Church community and its affiliates. By being a church-owned credit union, it provides a tailored financial service that aligns with the values of its members.
The union operates entirely through volunteers, ensuring that all resources are directed towards serving the community rather than profit-making. This volunteer-driven model allows it to maintain a focus on the needs of its members, offering a supportive environment for their financial activities.
Furthermore, by promoting a sense of belonging and community engagement, the credit union strengthens ties among its members, which is essential for personal finance management and community support. This grassroots approach not only empowers individuals through financial services but also contributes to the broader social fabric within the church community in Durham, NC.
This information is meant to be a general summary of State Chartered Credit Union In North Carolina. 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: $35
- Gross Receipts: $2,113
Assets and Liabilities:
- Total Assets: $142,980
- Total Liabilities: $142,980
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
No Program Service Revenue
Organization Details
Founding Year
1948
Phone
(919) 493-9883Principal Officer
Ronald Rogers
Main Address
1007 S ROXBORO ST, DURHAM, NC, 27707
NTEE Category
Code: W60 - Public benefit
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