Overview
What is Firemans Credit Union?
Firemans Credit Union is a cooperative society incorporated in Alabama, serving as both a promoter of thrift among its members and a source of credit at reasonable rates. Established to cater to the financial needs of employees and their relatives of the City of Birmingham Fire Department, Firemans Credit Union operates according to the Alabama Banking Code. As of December 31, 2022, the credit union has provided services to approximately 878 members, with a modest workforce of three individuals. The credit union's cooperative nature allows it to operate with a focus on the financial well-being of its members, fostering both savings and accessible credit opportunities.
Is Firemans Credit Union legitimate?
Firemans Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Firemans 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: $35,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,700
For more financial information, click here
What is the mission statement of Firemans Credit Union?
Firemans Credit Union operates as a cooperative society, serving a dual purpose. It encourages savings among its members and provides them with access to loans at reasonable interest rates, as per the Cooperative Credit Union's mission stated in the Alabama Banking Code, Section 5-17-1. Established for the benefit of employees and their relatives of the Birmingham Fire Department, Firemans Credit Union, a state-chartered credit union in Alabama, offers these financial services to its approximately 878 members as of December 31, 2022.
Who is the CEO of Firemans Credit Union?
Christopher Ammons is the Ceo, Board Treasurer of Firemans Credit Union. The CEO's salary of Firemans Credit Union is $35,100 and their total compensation is $35,100.
What is the revenue of Firemans Credit Union?
Firemans Credit Union's revenue in 2022 was $333,232.
Who are the executives of Firemans Credit Union and what are their salaries?
The average compensation at Firemans Credit Union during 2022 was $28,600. There are 3 employees at Firemans Credit Union.
Here are 8 key members and their salaries (Firemans Credit Union's CEO's salary is $35,100 and their total compensation is $35,100):
- Compensation: $35,100
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Firemans Credit Union?
Firemans Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Firemans Credit Union
Firemans Credit Union, as a cooperative society, is established with a twofold purpose. Its primary objective is to encourage savings among its members, fostering a culture of thrift. Secondly, it aims to provide a reliable source of credit to its members at reasonable interest rates. This cooperative credit union was founded to serve the financial needs of its members, who are primarily employees and their relatives of the City of Birmingham Fire Department. As of December 31, 2022, Firemans Credit Union has catered to approximately 878 members, providing them with the financial services they require.
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Impact
October, 2024
Fireman's Credit Union plays a significant role in the Birmingham community by promoting financial stability and thrift among its members, who are primarily employees of the City of Birmingham Fire Department and their relatives. It actively fosters a sense of cooperation by offering a reliable source of credit at legitimate interest rates.
With approximately 878 members as of December 31, 2022, the credit union is dedicated to enhancing the financial well-being of its members, making it easier for them to access resources for education, housing, and other essential needs. This focus on community-centric financial services strengthens ties within the firefighting community and ensures that its members can achieve their financial goals with confidence and support. Ultimately, Fireman's Credit Union not only enriches the lives of individual members but also contributes to the overall economic health of Birmingham.
This information is meant to be a general summary of Firemans 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.
- Program Service Revenue: $333,232
- Gross Receipts: $333,232
Assets and Liabilities:
- Total Assets: $7,130,665
- Total Liabilities: $4,755,167
- Net Assets: $2,375,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO M
Revenue
$288,317
INVESTMENT INCOME
Revenue
$41,559
FINANCIAL SERVICE INCO
Revenue
$3,356
Organization Details
Founding Year
1929
Phone
(205) 252-6083Principal Officer
Christopher Ammons
Main Address
1808 7TH AVENUE NORTH, BIRMINGHAM, AL, 35203
NTEE Category
Code: W60 - Public benefit
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