Lexington Postal Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610446477 ✦ Lexington, KY ✦ Designated as a 501(c)(14)

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Overview

What is Lexington Postal Community Credit Union?

Lexington Postal Community Credit Union is a financial institution dedicated to assisting its members and potential members in managing their finances effectively. Based on the provided information, the credit union offers competitive loan and savings rates, ensuring financial stability and confidence among its members. Furthermore, they provide programs to support office occupancy and operational expenses, as well as dividends on members' share accounts. The credit union's mission is to make financial products and services accessible, enabling individuals to meet their financial needs while fostering a sense of understanding and satisfaction in managing their finances.


Official website here: www.lexpccu.com

Is Lexington Postal Community Credit Union legitimate?

Lexington Postal Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lexington Postal Community 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: $239,223

For more financial information, click here


Official website here: www.lexpccu.com

What is the mission statement of Lexington Postal Community Credit Union?

The Lexington Postal Community Credit Union is dedicated to offering financial services and products that assist its members and potential members in managing their financial needs effectively. By providing competitive loan and savings rates, the credit union aims to preserve stability and confidence within its operations. Its mission is to make financial resources accessible, enabling members to meet their requirements efficiently. The credit union also focuses on maintaining the financial well-being of its members, supporting office occupancy and operational expenses, and offering dividends on members' share accounts.


Official website here: www.lexpccu.com

Who is the CEO of Lexington Postal Community Credit Union?

Sharon Stafford is the Treasurer of Lexington Postal Community Credit Union.


Official website here: www.lexpccu.com

What is the revenue of Lexington Postal Community Credit Union?

Lexington Postal Community Credit Union's revenue in 2022 was $891,893.


Official website here: www.lexpccu.com

Who are the executives of Lexington Postal Community Credit Union and what are their salaries?

The average compensation at Lexington Postal Community Credit Union during 2022 was $18,402. There are 13 employees and 13 volunteers at Lexington Postal Community Credit Union.


Here are 7 key members and their salaries:


Kathy Hummer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Lykins (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Bradley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Tompkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Turnley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lexpccu.com

Where can I find the form 990 for Lexington Postal Community Credit Union?

Lexington Postal Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lexpccu.com

Learn more at the official website: www.lexpccu.com

Mission Statement of Lexington Postal Community Credit Union

Lexington Postal Community Credit Union is a dedicated financial institution that prioritizes providing its members with the necessary tools to comprehend and fulfill their financial requirements. With a focus on maintaining competitive loan and savings rates, the credit union ensures the stability and confidence of its members. Its mission is to make available a variety of financial products and services, enabling members to meet their financial needs effectively. The credit union's commitment to its members is reflected in its support for office occupancy and operational expenses, as well as dividends on members' share accounts. In essence, Lexington Postal Community Credit Union is committed to empowering its members by offering them the means to manage their finances responsibly and securely.

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Impact




October, 2024

Lexington Postal Community Credit Union significantly impacts the financial well-being of its members and the broader community by providing accessible financial products and services. By focusing on competitive loan and savings rates, the credit union ensures that its members can manage their finances effectively while building trust and stability within the institution.

Their offerings, which include support for both operational expenses and dividends on members' share accounts, demonstrate a commitment to fostering financial education and empowerment. By enabling members to understand and meet their financial needs, the credit union plays a vital role in promoting economic stability and confidence among its members in Lexington, KY. In this way, Lexington Postal Community Credit Union not only serves individual financial goals but also contributes to the overall economic health of the community it serves.




This information is meant to be a general summary of Lexington Postal Community 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.

Revenue
$891,893 (2022)
Expenses
$1,007,618 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $114,298
  • Program Service Revenue: $472,432
  • Gross Receipts: $891,893

Assets and Liabilities:

  • Total Assets: $28,364,562
  • Total Liabilities: $25,795,399
  • Net Assets: $2,569,163

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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

$472,432

Organization Details

Founding Year

1928

Principal Officer

Sharon Stafford

Main Address

124 LOUIE PLACE, LEXINGTON, KY, 405112065

NTEE Category

Code: W60 - Public benefit

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