Overview
What is Health Credit Union?
Health Credit Union is a cooperative association, established to offer banking alternatives to the employees of the Jefferson County, Alabama Department of Health and their immediate families. Situated in Birmingham, Alabama, this nonprofit organization primarily provides loan and deposit services, serving as an alternative to commercial banks.
Official website here: www.healthcu.com
Is Health Credit Union legitimate?
Health Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Health 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: $416,180
For more financial information, click here
Official website here: www.healthcu.com
What is the mission statement of Health Credit Union?
Health Credit Union serves as a cooperative association, primarily catering to the employees of the Jefferson County, Alabama Department of Health and their immediate families. Its primary mission is to offer alternative loan and deposit options, acting as a viable alternative to commercial banks. By doing so, the union aims to provide financial services that meet the unique needs of its members, fostering financial stability and independence.
Official website here: www.healthcu.com
Who is the CEO of Health Credit Union?
Charles Judson Davis is the CEO of Health Credit Union The CEO's salary of Health Credit Union is $122,079 and their total compensation is $140,144.
Official website here: www.healthcu.com
What is the revenue of Health Credit Union?
Health Credit Union's revenue in 2024 was $1,821,286.
Official website here: www.healthcu.com
Who are the executives of Health Credit Union and what are their salaries?
The average compensation at Health Credit Union during 2024 was $52,022. There are 8 employees and 8 volunteers at Health Credit Union.
Here are 9 key members and their salaries (Health Credit Union's CEO's salary is $122,079 and their total compensation is $140,144):
- Compensation: $122,079
- Related: $0
- Other: $18,065
- 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.healthcu.com
Where can I find the form 990 for Health Credit Union?
Health Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.healthcu.com
Learn more at the official website: www.healthcu.com
Mission Statement of Health Credit Union
Health Credit Union, as a cooperative association, is dedicated to serving the financial needs of employees working for the Jefferson County, Alabama Department of Health and their immediate families. Its primary mission is to offer loan and deposit alternatives that deviate from commercial banks. By doing so, the credit union aims to provide these individuals with banking solutions tailored to their specific circumstances. This cooperative approach allows the credit union to cater to the unique financial requirements of its members, offering them a more personalized and community-oriented banking experience.
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Impact
October, 2024
Health Credit Union has a significant impact on the employees of the Jefferson County, Alabama Department of Health and their immediate families. By providing banking alternatives to commercial banks, it addresses the specific financial needs of this community, offering accessible loan and deposit options. This cooperative association fosters a supportive financial environment, empowering employees to manage their finances effectively and ensuring that they have the resources required to thrive. The mission of Health Credit Union is rooted in community service, enhancing the financial well-being of its members and promoting economic stability within the local community in Birmingham, Alabama.
This information is meant to be a general summary of Health 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 2024.
- Investment Income: $273,186
- Program Service Revenue: $1,418,998
- Gross Receipts: $1,821,286
Assets and Liabilities:
- Total Assets: $26,876,043
- Total Liabilities: $21,131,414
- Net Assets: $5,744,629
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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
$1,320,163
FEE INCOME
Revenue
$98,835
Organization Details
Founding Year
1955
Principal Officer
Charles Judson Davis
Website
www.healthcu.comNTEE Category
Code: W61 - Public benefit
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