Overview
What is Railway Employees Credit Union?
Railway Employees Credit Union is a financial institution situated in Muscle Shoals, Alabama, with a specific mission to serve its approximately 1,471 members. Established at 1604 Gusmus Avenue, this credit union offers a range of financial services, including loans and savings. With a small team of five dedicated employees, Railway Employees Credit Union aims to provide its members with financial assistance and support, contributing positively to their financial well-being.
Official website here: www.railwaycreditunion.com
Is Railway Employees Credit Union legitimate?
Railway Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Railway Employees 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: $142,250
For more financial information, click here
Official website here: www.railwaycreditunion.com
What is the mission statement of Railway Employees Credit Union?
The Railway Employees Credit Union is committed to providing financial services to its approximately 1,471 members. Their mission encompasses offering loan, savings, and various other financial services to their members. The credit union actively provides a range of loan services to cater to the financial needs of its members.
Official website here: www.railwaycreditunion.com
Who is the CEO of Railway Employees Credit Union?
Mary Leigh Matthews is the Manager of Railway Employees Credit Union.
Official website here: www.railwaycreditunion.com
What is the revenue of Railway Employees Credit Union?
Railway Employees Credit Union's revenue in 2022 was $558,613.
Official website here: www.railwaycreditunion.com
Who are the executives of Railway Employees Credit Union and what are their salaries?
The average compensation at Railway Employees Credit Union during 2022 was $28,450. There are 5 employees and 11 volunteers at Railway Employees Credit Union.
Here are 12 key members and their salaries:
- Compensation: $86,142
- Related: $0
- Other: $18,044
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.railwaycreditunion.com
Where can I find the form 990 for Railway Employees Credit Union?
Railway Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.railwaycreditunion.com
Learn more at the official website: www.railwaycreditunion.com
Mission Statement of Railway Employees Credit Union
Railway Employees Credit Union, as a credit union, is committed to providing financial services to its approximately 1,471 members. Its primary mission is to offer various loan, savings, and other financial services to its members. The credit union's activities are centered around this mission, ensuring that its members have access to essential financial resources. The credit union's services are designed to cater to the financial needs of its members, providing them with the necessary tools to manage their finances effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Railway Employees Credit Union significantly impacts its community by offering essential financial services tailored to the needs of its members. Located in Muscle Shoals, Alabama, the credit union serves approximately 1,471 members, providing a range of loan services that help individuals manage their financial goals effectively.
The availability of loans and savings options fosters financial stability and empowerment among members, which can lead to improved economic well-being. By focusing on the specific needs of its members—many of whom are likely affiliated with the railway industry—the credit union creates a supportive financial environment that promotes community engagement and solidarity.
Additionally, the credit union's operations contribute to the local economy by enabling members to access necessary funds for personal and business-related expenses, ultimately contributing to the overall growth and development of the region. Through its commitment to serving its members, the Railway Employees Credit Union plays a crucial role in enhancing financial literacy and security within the community.
This information is meant to be a general summary of Railway Employees 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: $186,794
- Program Service Revenue: $371,819
- Gross Receipts: $558,613
Assets and Liabilities:
- Total Assets: $18,908,048
- Total Liabilities: $15,444,686
- Net Assets: $3,463,362
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$302,766
FEE INCOME
Revenue
$69,053
Organization Details
Founding Year
1935
Phone
(256) 383-7940Principal Officer
Mary Leigh Matthews
Main Address
1604 GUSMUS AVENUE, MUSCLE SHOALS, AL, 35661
Website
www.railwaycreditunion.comNTEE Category
Code: W60 - Public benefit
If you are a representative of Railway Employees Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.