Overview
What is Sumter City Credit Union?
Sumter City Credit Union is a state-chartered financial institution, functioning as a nonprofit organization. Its primary mission is to serve its members by offering reasonably priced loans and accepting deposits, paying a corresponding rate of interest. This credit union adheres to the principles of a cooperative, ensuring that its operations benefit its members directly. By maintaining this financial structure, Sumter City Credit Union contributes to the financial well-being of its community.
Is Sumter City Credit Union legitimate?
Sumter City Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Sumter City 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: $37,258
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What is the mission statement of Sumter City Credit Union?
Sumter City Credit Union, as a state-chartered credit union, serves its members by offering loans at reasonable rates. It also accepts deposits and provides its members with reasonable returns on those deposits. The credit union's mission is to support its members financially, offering them accessible and affordable banking services. It operates with a focus on its members' needs, ensuring they have access to financial resources for various purposes. The credit union's activities are centered around promoting financial well-being and security for its members.
Who is the CEO of Sumter City Credit Union?
Kelly Carter is the President of Sumter City Credit Union.
What is the revenue of Sumter City Credit Union?
Sumter City Credit Union's revenue in 2021 was $91,542.
Who are the executives of Sumter City Credit Union and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sumter City Credit Union?
Sumter City Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Sumter City Credit Union
Sumter City Credit Union, as a state-chartered entity, is committed to serving its members by offering loans at reasonable rates. This credit union also accepts deposits and pays its members competitive interest rates on these deposits. In essence, Sumter City Credit Union operates with the primary aim of providing financial assistance to its members in a fair and affordable manner, while simultaneously ensuring that their savings earn a satisfactory return.
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Impact
October, 2024
Sumter City Credit Union plays a significant role in the community of Sumter, South Carolina, by providing accessible financial services that enhance the economic well-being of its members. By offering loans at reasonable rates, the credit union helps individuals and families manage expenses, make important purchases, and invest in their futures. This support fosters financial stability and growth within the community.
Additionally, by accepting deposits and offering competitive interest rates, Sumter City Credit Union encourages savings among its members. This not only benefits individual savers but also strengthens the local economy by increasing the amount of funds available for lending within the community. Overall, the credit union's commitment to serving its members contributes to a more robust, financially literate population and supports the broader public benefit in Sumter.
This information is meant to be a general summary of Sumter City 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 2021.
- Investment Income: $1,283
- Program Service Revenue: $86,263
- Gross Receipts: $91,542
Assets and Liabilities:
- Total Assets: $2,719,088
- Total Liabilities: $2,303,450
- Net Assets: $415,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INT ON LOANS
Revenue
$82,338
FEES & CHARGES
Revenue
$3,925
Organization Details
Founding Year
1964
Phone
(803) 774-1641Principal Officer
Kelly Carter
Main Address
21 N MAIN STREET, SUMTER, SC, 29150
NTEE Category
Code: W60 - Public benefit
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