Overview
What is Container Mutual Credit Union?
Container Mutual Credit Union is a nonprofit organization committed to offering financial services to its approximately 649 members. These services encompass various facilities such as loans and savings, among others. The credit union's mission revolves around providing these financial services, as stated in their mission description. Furthermore, their activities include managing non-interest expenses and ensuring provisions for potential loan losses. In essence, Container Mutual Credit Union serves as a financial support system for its members.
Is Container Mutual Credit Union legitimate?
Container Mutual Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Container Mutual 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: $92,415
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What is the mission statement of Container Mutual Credit Union?
The Container Mutual Credit Union is committed to its mission of providing financial services to its approximately 649 members. This encompasses offering loans, savings, and various other financial services. As a credit union, its primary objective is to cater to its members' financial needs and requirements effectively. The credit union also has programs in place, such as non-interest expense and provision for loan loss, to ensure its operations run smoothly and efficiently.
Who is the CEO of Container Mutual Credit Union?
Debi Rowland is the Manager of Container Mutual Credit Union.
What is the revenue of Container Mutual Credit Union?
Container Mutual Credit Union's revenue in 2022 was $167,001.
Who are the executives of Container Mutual Credit Union and what are their salaries?
The average compensation at Container Mutual Credit Union during 2022 was $30,805. There are 3 employees and 7 volunteers at Container Mutual Credit Union.
Here are 8 key members and their salaries:
- Compensation: $48,841
- Related: $0
- Other: $6,752
- 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
Where can I find the form 990 for Container Mutual Credit Union?
Container Mutual Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Container Mutual Credit Union
Container Mutual Credit Union, as a financial institution, is dedicated to serving its approximately 649 members. Its mission is to offer a variety of financial services, including loans and savings, to its members. This credit union operates with the goal of providing these services to its member base, thereby contributing to their financial well-being. In addition to offering loans and savings, the credit union also has programs such as non-interest expense and provision for loan loss, which further enhance its financial services offerings.
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Impact
October, 2024
Container Mutual Credit Union significantly impacts the financial well-being of its members by providing essential financial services. Located in Fernandina Beach, Florida, it serves approximately 649 individuals by offering loans, savings accounts, and other financial tools tailored to meet the diverse needs of its community.
Through its programs, the credit union fosters financial inclusivity, enabling members to access necessary funds for personal or business purposes while encouraging savings habits. By focusing on non-interest expense management and loan loss provisions, Container Mutual Credit Union ensures responsible lending practices and supports its members' financial stability. This emphasis on member-oriented financial services not only helps individual members but also contributes to the overall economic vitality of the community.
This information is meant to be a general summary of Container Mutual 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: $50,434
- Program Service Revenue: $111,444
- Gross Receipts: $167,001
Assets and Liabilities:
- Total Assets: $7,048,143
- Total Liabilities: $4,392,306
- Net Assets: $2,655,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$106,067
FEE INCOME
Revenue
$5,377
Organization Details
Founding Year
1941
Phone
(904) 277-5713Principal Officer
Debi Rowland
Main Address
600 NORTH 8TH STREET, FERNANDINA BEACH, FL, 32034
NTEE Category
Code: W60 - Public benefit
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