Overview
What is North Main Credit Union?
North Main Credit Union, located in Cornelia, Georgia, is a financial institution dedicated to serving its membership. With a focus on providing savings and loan services, the credit union operates with a team of 10 employees. The primary mission of North Main Credit Union is to cater to the financial needs of its members, offering both deposit and loan accounts. While the information does not provide specific details about the community or global impact, it is clear that the credit union is committed to delivering financial services to its members.
Official website here: www.northmaincu.org
Is North Main Credit Union legitimate?
North Main Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North Main 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: $158,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,458
For more financial information, click here
Official website here: www.northmaincu.org
What is the mission statement of North Main Credit Union?
North Main Credit Union's mission, as stated, revolves around offering financial services to its membership. This includes the provision of both loan and deposit accounts. In essence, the credit union's primary objective is to serve its members financially, providing them with the necessary financial tools to manage their financial needs effectively. The cost associated with providing these savings and loans is also part of their mission, suggesting a commitment to offering these services at a reasonable cost to its members.
Official website here: www.northmaincu.org
Who is the CEO of North Main Credit Union?
Melany Ward is the President/Ceo of North Main Credit Union. The CEO's salary of North Main Credit Union is $150,814 and their total compensation is $150,814.
Official website here: www.northmaincu.org
What is the revenue of North Main Credit Union?
North Main Credit Union's revenue in 2022 was $1,711,537.
Official website here: www.northmaincu.org
Who are the executives of North Main Credit Union and what are their salaries?
The average compensation at North Main Credit Union during 2022 was $56,702. There are 10 employees and 7 volunteers at North Main Credit Union.
Here are 8 key members and their salaries (North Main Credit Union's CEO's salary is $150,814 and their total compensation is $150,814):
- Compensation: $150,814
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.northmaincu.org
Where can I find the form 990 for North Main Credit Union?
North Main Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northmaincu.org
Learn more at the official website: www.northmaincu.org
Mission Statement of North Main Credit Union
North Main Credit Union is committed to providing financial services to its diverse membership. Their mission, as stated, involves offering loan and deposit accounts to cater to the financial needs of their members. In essence, the credit union's role is to facilitate financial well-being for its members by providing them with essential banking services. The cost of providing these savings and loan services is a crucial aspect of their operations, indicating their dedication to offering affordable and accessible financial solutions to their community.
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Impact
October, 2024
North Main Credit Union plays a significant role in fostering financial stability and accessibility within the community of Cornelia, GA. By offering a range of financial services, including loan and deposit accounts, the credit union empowers its members to manage their finances effectively. This accessibility to affordable savings and lending options helps members meet their financial needs, achieve their goals, and enhance their overall financial well-being.
The cost-effective services provided by North Main Credit Union not only help members save money but also promote responsible financial practices. The credit union’s commitment to public benefit ensures that the financial interests of its members are prioritized, fostering a sense of community and mutual support among its clientele. Ultimately, North Main Credit Union's impact extends beyond individual financial assistance; it strengthens the economic fabric of the community by encouraging savings, responsible borrowing, and financial education.
This information is meant to be a general summary of North Main 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: $70,424
- Program Service Revenue: $1,641,113
- Gross Receipts: $1,711,537
Assets and Liabilities:
- Total Assets: $29,981,369
- Total Liabilities: $25,625,947
- Net Assets: $4,355,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Member Loans
Revenue
$1,176,989
Other Income
Revenue
$140,560
Fees and Charges
Revenue
$323,564
Organization Details
Founding Year
1979
Phone
(706) 894-9060Principal Officer
Melany Ward
Main Address
255 North Main Street, Cornelia, GA, 30531
Website
www.northmaincu.orgNTEE Category
Code: W61 - Public benefit
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