Overview
What is Rural Cooperatives Credit Union Inc?
Rural Cooperatives Credit Union Inc, based in Louisville, Kentucky, is a nonprofit organization dedicated to serving 3,656 members within the rural electric cooperative sector in Kentucky and Ohio. Their mission is to help their member-owners achieve financial success by offering competitive, value-oriented financial products and services, delivered with exceptional member service and convenience. This credit union operates with a focus on assisting its rural community members in managing their finances effectively.
Official website here: www.rccu.com
Is Rural Cooperatives Credit Union Inc legitimate?
Rural Cooperatives Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rural Cooperatives 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: $112,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,769
For more financial information, click here
Official website here: www.rccu.com
What is the mission statement of Rural Cooperatives Credit Union Inc?
Rural Cooperatives Credit Union Inc's mission is centered around helping its member-owners achieve financial success. They accomplish this by offering competitive and value-oriented financial products and services, delivered with exceptional member service and convenience. The focus is on assisting members in various aspects of their financial journey. The credit union's operations are not limited to specific locations, as it serves 3,656 members in the rural electric cooperative field in Kentucky and Ohio.
Official website here: www.rccu.com
Who is the CEO of Rural Cooperatives Credit Union Inc?
Jennie Phelps is the Chairperson of Rural Cooperatives Credit Union Inc. The CEO's salary of Rural Cooperatives Credit Union Inc is $0 and their total compensation is $112,366.
Official website here: www.rccu.com
What is the revenue of Rural Cooperatives Credit Union Inc?
Rural Cooperatives Credit Union Inc's revenue in 2022 was $1,252,416.
Official website here: www.rccu.com
Who are the executives of Rural Cooperatives Credit Union Inc and what are their salaries?
Here are 4 key members and their salaries (Rural Cooperatives Credit Union Inc's CEO's salary is $0 and their total compensation is $112,366):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $112,366
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rccu.com
Where can I find the form 990 for Rural Cooperatives Credit Union Inc?
Rural Cooperatives Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rccu.com
Learn more at the official website: www.rccu.com
Mission Statement of Rural Cooperatives Credit Union Inc
Rural Cooperatives Credit Union Inc, a nonprofit organization, is committed to assisting its member-owners in achieving financial success. It accomplishes this mission by offering competitive and value-oriented financial products and services, delivered with exceptional member service and convenience. This mission statement highlights the credit union's dedication to providing its members with the tools they need to manage their finances effectively, ensuring their financial well-being. The credit union's services are designed to meet the unique needs of its members in the rural electric cooperative field, serving a total of 3,656 individuals in Kentucky and Ohio.
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Impact
October, 2024
Rural Cooperatives Credit Union Inc has a significant impact on its members by empowering them to achieve personal financial success. By offering competitive and value-oriented financial products and services tailored specifically for individuals in the rural electric cooperative field, the credit union fosters an environment where members can thrive economically.
With a membership base of 3,656 in Kentucky and Ohio, Rural Cooperatives Credit Union delivers not just banking services but also a sense of community and support among its members. The focus on excellent member service and convenience ensures that individuals feel valued and understood, leading to stronger financial well-being.
By providing accessible financial solutions, the credit union enhances the quality of life for its members and contributes positively to the economic stability of rural areas. Ultimately, Rural Cooperatives Credit Union Inc plays a crucial role in promoting financial literacy, sustainability, and community development within the regions it serves.
This information is meant to be a general summary of Rural Cooperatives 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.
- Program Service Revenue: $1,256,034
- Gross Receipts: $1,252,416
Assets and Liabilities:
- Total Assets: $38,824,669
- Total Liabilities: $34,228,711
- Net Assets: $4,595,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$638,651
INVESTMENT INCOME
Revenue
$303,170
MEMBER FEES-PROVIDED SERVICES
Revenue
$285,371
MISC INCOME
Revenue
$28,842
Organization Details
Phone
(800) 798-7228Principal Officer
Jennie Phelps
Main Address
PO BOX 32170, LOUISVILLE, KY, 402322170
Website
www.rccu.comNTEE Category
Code: W60 - Public benefit
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