Overview
What is Members Heritage Credit Union Inc?
Members Heritage Credit Union Inc is a financial institution based on the principle of promoting savings among its members and offering them credit services. The organization's primary objective is to encourage thrift and provide access to credit to its members.
Official website here: www.membersheritage.org
Is Members Heritage Credit Union Inc legitimate?
Members Heritage Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Heritage Credit Union Inc 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: $1,095,419
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,962,856
For more financial information, click here
Official website here: www.membersheritage.org
What is the mission statement of Members Heritage Credit Union Inc?
Members Heritage Credit Union is dedicated to encouraging savings among its members and extending credit when needed. The credit union's primary mission is to serve its member base by fostering a culture of thrift and providing them with credit solutions. Members Heritage Credit Union achieves this objective through diversified financial programs, catering to various members' requirements. By promoting thrift and providing credit, the organization aims to help its members manage their finances effectively.
Official website here: www.membersheritage.org
Who is the CEO of Members Heritage Credit Union Inc?
Pat Ferry is the Chairman of Members Heritage Credit Union Inc.
Official website here: www.membersheritage.org
What is the revenue of Members Heritage Credit Union Inc?
Members Heritage Credit Union Inc's revenue in 2022 was $20,270,190.
Official website here: www.membersheritage.org
Who are the executives of Members Heritage Credit Union Inc and what are their salaries?
The average compensation at Members Heritage Credit Union Inc during 2022 was $46,406. There are 109 employees and 15 volunteers at Members Heritage Credit Union Inc.
Here are 13 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Compensation: $120,600
- Related: $0
- Other: $2,412
- Compensation: $120,742
- Related: $0
- Other: $2,414
- Compensation: $100,092
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- Other: $2,001
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- Compensation: $293,072
- Related: $0
- Other: $5,861
- Compensation: $173,663
- Related: $0
- Other: $3,473
- Compensation: $119,215
- Related: $0
- Other: $2,384
- Compensation: $168,035
- Related: $0
- Other: $3,360
Official website here: www.membersheritage.org
Where can I find the form 990 for Members Heritage Credit Union Inc?
Members Heritage Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.membersheritage.org
Learn more at the official website: www.membersheritage.org
Mission Statement of Members Heritage Credit Union Inc
Members Heritage Credit Union, a prominent financial institution, is dedicated to promoting thrift and extending credit opportunities to its members. By encouraging savings and responsible financial management, the credit union aims to strengthen the financial well-being of its member base. The organization's mission is multi-faceted, encompassing both the promotion of thrift and the provision of credit services.
In order to foster a culture of savings, Members Heritage Credit Union offers various financial programs that help members set aside funds for future use. These programs allow members to save money through automatic deposits, high-yield savings accounts, and other savings initiatives. By prioritizing thrift, the credit union empowers its members to build financial security and independence.
Furthermore, Members Heritage Credit Union extends credit to its members based on their financial needs and creditworthiness. The credit union offers a range of credit products, including loans for auto purchases, home improvements, and education. These credit options enable members to invest in their futures, whether it be through the purchase of a reliable vehicle, home renovations, or furthering their education.
In summary, Members Heritage Credit Union plays a pivotal role in promoting thrift and offering credit services to its members. By encouraging savings and providing accessible credit options, the credit union empowers its members to achieve financial stability and independence.
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Impact
October, 2024
Members Heritage Credit Union Inc plays a significant role in enhancing the financial well-being of its members in Lexington, KY. By promoting thrift, the credit union encourages responsible savings and financial management among its members. Through a variety of financial services programs, Members Heritage provides access to credit, enabling individuals and families to achieve their financial goals, whether it's purchasing a home, financing education, or managing everyday expenses.
The credit union's commitment to fostering community ties is evident in its service-oriented approach, ensuring that members can access the financial resources they need to thrive. In doing so, Members Heritage contributes to the overall economic health of the community by empowering individuals to make sound financial decisions and improve their economic stability. Through its initiatives, Members Heritage demonstrates a dedication to public benefit, reinforcing the importance of accessible finance in building a strong, resilient community.
This information is meant to be a general summary of Members Heritage Credit Union Inc. 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: $3,106,575
- Program Service Revenue: $17,163,615
- Gross Receipts: $20,270,190
Assets and Liabilities:
- Total Assets: $509,009,482
- Total Liabilities: $454,336,860
- Net Assets: $54,672,622
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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
$12,293,336
OTHER INCOME
Revenue
$4,870,279
Organization Details
Founding Year
1960
Phone
(859) 259-3466Principal Officer
Pat Ferry
Main Address
440 PARK PLACE, LEXINGTON, KY, 40511
Website
www.membersheritage.orgNTEE Category
Code: W60 - Public benefit
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