Overview
What is Credit Unions In The State Of Alabama?
Credit Unions In The State of Alabama is a not-for-profit financial institution, officially recognized by the State of Alabama. Situated in Jefferson and Montgomery counties, this credit union serves both individuals and businesses within its jurisdiction. As a member-owned entity, it is governed by a Board of Directors elected by its membership base. Its primary function is to deliver comprehensive credit union services, acting as a full-service financial institution for its community.
Official website here: www.my1resourcecu.com
Is Credit Unions In The State Of Alabama legitimate?
Credit Unions In The State Of Alabama is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of Alabama 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: $127,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,367
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Official website here: www.my1resourcecu.com
What is the mission statement of Credit Unions In The State Of Alabama?
Credit Unions In The State of Alabama, as a member-owned financial institution, is committed to providing credit union services to individuals and businesses in Jefferson and Montgomery counties. The organization is governed by its Board of Directors, elected by its Field of Membership. Its mission is to function as an independent full-service financial institution, offering credit union services in the State of Alabama. This mission is geared towards serving its members effectively, ensuring financial stability and growth. The credit union's activities are driven by its commitment to its members, aiming to meet their financial needs and contribute to their financial well-being.
Official website here: www.my1resourcecu.com
Who is the CEO of Credit Unions In The State Of Alabama?
Rick Miller is the Ceo of Credit Unions In The State Of Alabama. The CEO's salary of Credit Unions In The State Of Alabama is $127,930 and their total compensation is $127,930.
Official website here: www.my1resourcecu.com
What is the revenue of Credit Unions In The State Of Alabama?
Credit Unions In The State Of Alabama's revenue in 2022 was $3,087,715.
Official website here: www.my1resourcecu.com
Who are the executives of Credit Unions In The State Of Alabama and what are their salaries?
The average compensation at Credit Unions In The State Of Alabama during 2022 was $51,662. There are 8 employees and 7 volunteers at Credit Unions In The State Of Alabama.
Here are 11 key members and their salaries (Credit Unions In The State Of Alabama's CEO's salary is $127,930 and their total compensation is $127,930):
- Compensation: $127,930
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- Compensation: $0
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- Other: $0
Official website here: www.my1resourcecu.com
Where can I find the form 990 for Credit Unions In The State Of Alabama?
Credit Unions In The State Of Alabama's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.my1resourcecu.com
Learn more at the official website: www.my1resourcecu.com
Mission Statement of Credit Unions In The State Of Alabama
Credit Unions In The State of Alabama, as a state-chartered credit union, operates as an independent, full-service financial institution. Its mission is to provide credit union services to individuals and businesses within Jefferson and Montgomery counties in Alabama. This member-owned financial institution is controlled by its Board of Directors, who are duly elected by its Field of Membership. The credit union's mission is centered around serving its members by offering financial services in a manner that prioritizes their needs and interests.
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Impact
October, 2024
Credit Unions in the State of Alabama significantly contribute to the financial well-being of individuals and businesses in Jefferson and Montgomery counties. By providing a range of full-service financial products, they offer members accessible options for savings, loans, and other financial services tailored to local needs.
As member-owned institutions, they prioritize the interests of their members over profit, fostering a sense of community and trust. This governance model enables them to respond swiftly to the financial needs of their members, ensuring that services remain relevant and beneficial.
Their impact extends beyond individual financial stability. By focusing on local lending and community investment, credit unions stimulate economic growth within the regions they serve. This local focus helps strengthen communities, enhance economic opportunities, and promote overall financial literacy.
Additionally, credit unions often have a commitment to public benefit, leading initiatives that support financial education and community development. This further amplifies their impact, as they work not only to provide services but also to empower their members and enhance the quality of life within their communities.
This information is meant to be a general summary of Credit Unions In The State Of Alabama. 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: $183,044
- Gross Receipts: $3,087,715
Assets and Liabilities:
- Total Assets: $43,861,204
- Total Liabilities: $38,466,705
- Net Assets: $5,394,499
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Organization Details
Founding Year
1940
Phone
(205) 944-1192Principal Officer
Rick Miller
Main Address
47 West Oxmoor Road, Birmingham, AL, 35209
Website
www.my1resourcecu.comNTEE Category
Code: W60 - Public benefit
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