Overview
What is Vicksburg Railroad Credit Union?
Vicksburg Railroad Credit Union is a nonprofit financial institution located at 2101 Cherry Street, Vicksburg, Mississippi (39180). The primary mission of this credit union is to foster savings and provide loans for productive or necessary purposes. By accepting deposits and investments, as well as making loans, the credit union aims to serve its members effectively. With a team of five dedicated individuals, Vicksburg Railroad Credit Union continues to operate and contribute to the financial wellbeing of its members within the community.
Official website here: www.vrcums.com
Is Vicksburg Railroad Credit Union legitimate?
Vicksburg Railroad Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vicksburg Railroad 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: $85,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,369
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Official website here: www.vrcums.com
What is the mission statement of Vicksburg Railroad Credit Union?
The Vicksburg Railroad Credit Union's mission is centered around promoting thrift by providing an opportunity for individuals to accumulate savings. Simultaneously, it aims to create a source of credit for provident or productive purposes. In essence, the credit union seeks to encourage savings and act as a lender for those with legitimate financial needs. During the year 2017, the credit union continued its operations, receiving deposits and investments while also making additional loans.
Official website here: www.vrcums.com
Who is the CEO of Vicksburg Railroad Credit Union?
David Bell is the President of Vicksburg Railroad Credit Union. The CEO's salary of Vicksburg Railroad Credit Union is $85,508 and their total compensation is $85,508.
Official website here: www.vrcums.com
What is the revenue of Vicksburg Railroad Credit Union?
Vicksburg Railroad Credit Union's revenue in 2022 was $524,068.
Official website here: www.vrcums.com
Who are the executives of Vicksburg Railroad Credit Union and what are their salaries?
The average compensation at Vicksburg Railroad Credit Union during 2022 was $40,175. There are 5 employees at Vicksburg Railroad Credit Union.
Here are 5 key members and their salaries (Vicksburg Railroad Credit Union's CEO's salary is $85,508 and their total compensation is $85,508):
- 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: $85,508
- Related: $0
- Other: $0
Official website here: www.vrcums.com
Where can I find the form 990 for Vicksburg Railroad Credit Union?
Vicksburg Railroad Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vrcums.com
Learn more at the official website: www.vrcums.com
Mission Statement of Vicksburg Railroad Credit Union
Vicksburg Railroad Credit Union, as a financial institution, is committed to fostering thrift and financial stability among its members. It achieves this goal by providing an opportunity for individuals to save money and establish a reliable source of credit for use in provident or productive purposes. By encouraging savings, the credit union aims to empower its members to build a solid financial foundation, enabling them to meet their needs and pursue their goals effectively. Additionally, the credit union extends credit to its members for various purposes, further supporting their financial well-being and aspirations.
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Impact
October, 2024
Vicksburg Railroad Credit Union plays a significant role in the community by promoting financial stability and accessibility. Its mission focuses on encouraging savings and providing opportunities for credit that can be utilized for productive and necessary purposes. This approach not only helps individuals accumulate savings but also enables them to access funds for essential needs, investments, and personal development.
In 2017, the credit union consistently engaged in its core operations, receiving deposits and investments while offering loans to meet the financial demands of its members. By facilitating these transactions, Vicksburg Railroad Credit Union contributes to the economic well-being of the Vicksburg community in Mississippi. Its efforts support financial literacy, encourage responsible saving habits, and empower members to achieve their financial goals, thereby fostering stronger and more resilient local households.
This information is meant to be a general summary of Vicksburg Railroad 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: $56,885
- Program Service Revenue: $401,155
- Gross Receipts: $524,068
Assets and Liabilities:
- Total Assets: $11,689,462
- Total Liabilities: $7,950,568
- Net Assets: $3,738,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$401,155
Organization Details
Founding Year
1934
Phone
(601) 638-3134Principal Officer
David Bell
Main Address
2101 CHERRY ST, VICKSBURG, MS, 39180
Website
www.vrcums.comNTEE Category
Code: W60 - Public benefit
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