Overview
What is Alabama Credit Union Administration Opp-Micolas Credit Union?
Alabama Credit Union Administration Opp-Micolas Credit Union is a cooperative society, established with a dual purpose: fostering thrift among its members and offering them credit at reasonable interest rates, as per the Code of Alabama Section 5-17-1. This nonprofit organization, with a staff of four individuals, operates under this mission, promoting financial well-being within its membership base. The specific details of their location or additional activities were not provided in the given information.
Is Alabama Credit Union Administration Opp-Micolas Credit Union legitimate?
Alabama Credit Union Administration Opp-Micolas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama Credit Union Administration Opp-Micolas 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: $261,564
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What is the mission statement of Alabama Credit Union Administration Opp-Micolas Credit Union?
Alabama Credit Union Administration Opp-Micolas Credit Union exists as a cooperative society, with a twofold purpose. Its primary objective is to foster thrift among its members. Secondarily, it aims to provide them with credit opportunities at reasonable interest rates. By promoting savings and offering accessible credit, the credit union seeks to serve its members effectively.
Who is the CEO of Alabama Credit Union Administration Opp-Micolas Credit Union?
Deborah Dean is the Asst Manager of Alabama Credit Union Administration Opp-Micolas Credit Union.
What is the revenue of Alabama Credit Union Administration Opp-Micolas Credit Union?
Alabama Credit Union Administration Opp-Micolas Credit Union's revenue in 2022 was $323,153.
Who are the executives of Alabama Credit Union Administration Opp-Micolas Credit Union and what are their salaries?
The average compensation at Alabama Credit Union Administration Opp-Micolas Credit Union during 2022 was $65,391. There are 4 employees and 11 volunteers at Alabama Credit Union Administration Opp-Micolas Credit Union.
Here are 6 key members and their salaries:
- Compensation: $106,426
- Related: $0
- Other: $0
- Compensation: $75,165
- 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 Alabama Credit Union Administration Opp-Micolas Credit Union?
Alabama Credit Union Administration Opp-Micolas Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Credit Union Administration Opp-Micolas Credit Union
Alabama Credit Union Administration Opp-Micolas Credit Union, as a cooperative society, is incorporated with a dual purpose. Its primary mission, as stated in the Code of Alabama, Sec. 5-17-1, is to encourage savings among its members, thereby promoting thrift. Secondly, the credit union aims to provide its members with a reliable source of credit at reasonable interest rates. By doing so, Alabama Credit Union Administration Opp-Micolas Credit Union serves its members in a financially beneficial manner, fostering financial stability within its membership.
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Impact
October, 2024
The Alabama Credit Union Administration Opp-Micolas Credit Union plays a vital role in promoting financial well-being within the community. By focusing on the dual objectives of encouraging thrift and providing accessible credit, the credit union empowers its members to achieve their financial goals. This cooperative society facilitates responsible borrowing, ensuring that members have access to credit at legitimate rates, which can help alleviate the burden of high-interest loans from alternative financial institutions.
Through its services, the credit union fosters a culture of saving and financial literacy, contributing to the overall economic health of the community. As members save and invest in their futures, the credit union enhances their ability to manage finances effectively, thus promoting stability and sustainability in the region. Overall, the Alabama Credit Union Administration Opp-Micolas Credit Union serves as a critical resource for its members, providing them with the tools they need to thrive financially.
This information is meant to be a general summary of Alabama Credit Union Administration Opp-Micolas 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: $118,139
- Program Service Revenue: $190,504
- Gross Receipts: $323,153
Assets and Liabilities:
- Total Assets: $12,497,129
- Total Liabilities: $9,752,172
- Net Assets: $2,744,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$190,504
Organization Details
Founding Year
1954
Phone
(334) 493-6434Principal Officer
Deborah Dean
Main Address
P O DRAWER 70, OPP, AL, 36467
NTEE Category
Code: W60 - Public benefit
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