Overview
What is Pompano Beach City Employees Cu?
Pompano Beach City Employees Cu, based at 420 NE 19th Avenue, Pompano Beach, FL 33060, is a nonprofit, cooperative financial institution. Established with the mission to promote thrift and provide credit to its members at affordable rates, it operates as a not-for-profit entity. The organization, staffed by six employees, generates revenue through charging market interest rates to its members. The primary function of this credit union is to offer better financial opportunities to its members, providing them with financial services that may not be readily available from other sources.
Official website here: www.pbecu.com
Is Pompano Beach City Employees Cu legitimate?
Pompano Beach City Employees Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pompano Beach City Employees Cu 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: $433,852
For more financial information, click here
Official website here: www.pbecu.com
What is the mission statement of Pompano Beach City Employees Cu?
The Pompano Beach City Employees Credit Union serves as a not-for-profit cooperative financial institution. Its primary objective is to promote thrift and offer credit to its members at rates more favorable than those available from other sources. By charging interest at market rates, the credit union generates revenue to cover the costs of its operations. The cooperative's mission is to provide financial solutions to its members, ensuring they have access to better financing options.
Official website here: www.pbecu.com
Who is the CEO of Pompano Beach City Employees Cu?
Mike Deberry is the President of Pompano Beach City Employees Cu. The CEO's salary of Pompano Beach City Employees Cu is $136,713 and their total compensation is $151,936.
Official website here: www.pbecu.com
What is the revenue of Pompano Beach City Employees Cu?
Pompano Beach City Employees Cu's revenue in 2022 was $1,809,184.
Official website here: www.pbecu.com
Who are the executives of Pompano Beach City Employees Cu and what are their salaries?
The average compensation at Pompano Beach City Employees Cu during 2022 was $72,309. There are 6 employees and 5 volunteers at Pompano Beach City Employees Cu.
Here are 6 key members and their salaries (Pompano Beach City Employees Cu's CEO's salary is $136,713 and their total compensation is $151,936):
- Compensation: $136,713
- Related: $0
- Other: $15,223
- 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.pbecu.com
Where can I find the form 990 for Pompano Beach City Employees Cu?
Pompano Beach City Employees Cu's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pbecu.com
Learn more at the official website: www.pbecu.com
Mission Statement of Pompano Beach City Employees Cu
Pompano Beach City Employees Credit Union, as a not-for-profit cooperative, is organized with a mission to promote thrift and provide credit to its members at more favorable rates than what is typically available from other sources. This financial institution operates on the principle of charging members interest at market rates, which generates revenue to cover the costs of the funds. The primary objective of Pompano Beach City Employees Credit Union is to serve its members by offering financial services that cater to their financial needs and help them save and borrow money more affordably compared to other financial institutions.
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Impact
October, 2024
Pompano Beach City Employees Credit Union plays a crucial role in providing valuable financial services to its members, specifically tailored for employees of the city of Pompano Beach. By promoting thrift and offering credit, the credit union ensures that its members have access to better interest rates compared to traditional financial institutions. The revenue generated from charging interest at market rates is reinvested into the credit union, helping cover operational costs while continuing to serve its members effectively.
The credit union's focus on community development strengthens the financial well-being of city employees, allowing them to manage their finances more effectively. By fostering a cooperative environment, it encourages members to save and invest in their futures. Ultimately, Pompano Beach City Employees Credit Union not only supports its members but also contributes to the overall economic health of the Pompano Beach community.
This information is meant to be a general summary of Pompano Beach City Employees Cu. 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: $91,112
- Program Service Revenue: $1,718,072
- Gross Receipts: $1,815,700
Assets and Liabilities:
- Total Assets: $30,364,295
- Total Liabilities: $24,795,825
- Net Assets: $5,568,470
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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 USED
Revenue
$1,276,595
FEE INCOME
Revenue
$285,909
OPERATING INCOME
Revenue
$82,464
ATM INCOME
Revenue
$68,244
INSURANCE
Revenue
$4,860
Organization Details
Founding Year
1956
Phone
(954) 785-8715Principal Officer
Mike Deberry
Main Address
420 NE 19TH AVE, POMPANO BEACH, FL, 330607136
Website
www.pbecu.comNTEE Category
Code: W60 - Public benefit
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