Overview
What is Alabama River Credit Union?
Alabama River Credit Union is a nonprofit organization, headquartered in Monroville, Alabama, serving a membership of 2,107 individuals. Their primary mission is to provide members with opportunities to save and access affordable loans. With a team of eight dedicated employees, the credit union operates to promote financial well-being within its community. They are committed to offering their members the chance to save and borrow at reasonable rates, thereby contributing to their overall financial stability.
Official website here: www.arivercu.com
Is Alabama River Credit Union legitimate?
Alabama River Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama River 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: $107,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,395
For more financial information, click here
Official website here: www.arivercu.com
What is the mission statement of Alabama River Credit Union?
Alabama River Credit Union's mission is centered around providing its members with thrift opportunities and offering them access to affordable loans. This mission is aimed at benefiting a membership base of over 2,000 individuals. The credit union's activities are geared towards promoting thrift and making loans accessible at reasonable costs.
Official website here: www.arivercu.com
Who is the CEO of Alabama River Credit Union?
Sharon Downing is the President of Alabama River Credit Union. The CEO's salary of Alabama River Credit Union is $91,477 and their total compensation is $107,932.
Official website here: www.arivercu.com
What is the revenue of Alabama River Credit Union?
Alabama River Credit Union's revenue in 2022 was $847,705.
Official website here: www.arivercu.com
Who are the executives of Alabama River Credit Union and what are their salaries?
The average compensation at Alabama River Credit Union during 2022 was $38,041. There are 8 employees and 13 volunteers at Alabama River Credit Union.
Here are 8 key members and their salaries (Alabama River Credit Union's CEO's salary is $91,477 and their total compensation is $107,932):
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- Other: $0
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- Compensation: $91,477
- Related: $0
- Other: $16,455
Official website here: www.arivercu.com
Where can I find the form 990 for Alabama River Credit Union?
Alabama River Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arivercu.com
Learn more at the official website: www.arivercu.com
Mission Statement of Alabama River Credit Union
Alabama River Credit Union, as a nonprofit organization, is dedicated to providing thrift opportunities and offering members access to affordable loans. Its mission is to empower its members by facilitating savings and supplying them with economical financing options. With a membership base of over 2,000 individuals, the credit union aims to promote financial stability and independence among its members.
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Impact
October, 2024
Alabama River Credit Union significantly impacts its community by offering thrift opportunities and low-cost loans to its 2,107 members in Monroeville, Alabama. This financial institution plays a crucial role in promoting financial stability and accessibility, helping individuals and families manage their finances more effectively. By providing affordable lending options and fostering a culture of saving, Alabama River Credit Union empowers its members to achieve their financial goals, contributing to the overall economic well-being of the community. The commitment to serving its members ensures that they have the necessary resources and support to thrive.
This information is meant to be a general summary of Alabama River 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: $252,035
- Program Service Revenue: $303,597
- Gross Receipts: $847,705
Assets and Liabilities:
- Total Assets: $22,806,177
- Total Liabilities: $20,621,537
- Net Assets: $2,184,640
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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
$303,597
Organization Details
Founding Year
1980
Phone
(251) 575-2921Principal Officer
Sharon Downing
Main Address
PO BOX 907, MONROEVILLE, AL, 36461
Website
www.arivercu.comNTEE Category
Code: W60 - Public benefit
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