New Orleans Police Department Employees' Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720272916 ✦ New orleans, LA ✦ Designated as a 501(c)(14)

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Overview

What is New Orleans Police Department Employees' Credit Union?

The New Orleans Police Department Employees' Credit Union is a state-chartered credit union located at 715 South Broad Street, Room 408, in New Orleans, Louisiana (LA 70119). Its primary mission is to offer savings and credit lending opportunities to employees of the New Orleans Police Department. Established under the regulations of credit unions in Louisiana, the credit union serves its members with the rights and powers typically associated with such entities. The credit union has a small workforce of five individuals dedicated to this mission.

Is New Orleans Police Department Employees' Credit Union legitimate?

New Orleans Police Department Employees' Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. New Orleans Police Department 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: $235,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,050

For more financial information, click here

What is the mission statement of New Orleans Police Department Employees' Credit Union?

The New Orleans Police Department Employees' Credit Union serves as a state-chartered financial institution, primarily dedicated to offering savings and lending opportunities to employees of the New Orleans Police Department. It operates under the regulations governing credit unions in Louisiana, possessing the corresponding rights and obligations. The credit union's main objective is to provide financial assistance and support to its member base, which consists of New Orleans Police Department employees.

Who is the CEO of New Orleans Police Department Employees' Credit Union?

Terrence Duffy is the President of New Orleans Police Department Employees' Credit Union. The CEO's salary of New Orleans Police Department Employees' Credit Union is $68,425 and their total compensation is $68,425.

What is the revenue of New Orleans Police Department Employees' Credit Union?

New Orleans Police Department Employees' Credit Union's revenue in 2022 was $1,269,417.

Who are the executives of New Orleans Police Department Employees' Credit Union and what are their salaries?

The average compensation at New Orleans Police Department Employees' Credit Union during 2022 was $63,110. There are 5 employees at New Orleans Police Department Employees' Credit Union.


Here are 10 key members and their salaries (New Orleans Police Department Employees' Credit Union's CEO's salary is $68,425 and their total compensation is $68,425):


Michael O Ellington (President)
  • Compensation: $113,800
  • Related: $0
  • Other: $0
Kenneth Maes (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Oehlke Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Kreider (Board Member)
  • Compensation: $53,275
  • Related: $0
  • Other: $0
Bernard Crowden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Weber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Mornay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney Garaudy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Kinney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrence Duffy Sr (Ceo/Secretary-Treasurer)
  • Compensation: $68,425
  • Related: $0
  • Other: $0
Where can I find the form 990 for New Orleans Police Department Employees' Credit Union?

New Orleans Police Department Employees' Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of New Orleans Police Department Employees' Credit Union

The New Orleans Police Department Employees' Credit Union, a state-chartered organization, is established with a mission to provide savings and credit lending opportunities to the employees of the New Orleans Police Department. This credit union, governed by the operating regulations of credit unions under the statutes of Louisiana, possesses the rights and powers typical of credit unions, aiming to serve and support the financial needs of its member base, primarily the employees of the New Orleans Police Department.

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Impact




October, 2024

The New Orleans Police Department Employees' Credit Union plays a vital role in supporting the financial well-being of the police department's employees. By providing tailored savings and credit lending opportunities, the credit union empowers its members to achieve their financial goals and manage their resources more effectively.

Through its services, the credit union fosters a sense of community among employees, promoting financial literacy and encouraging responsible financial practices. These initiatives can lead to enhanced economic stability for families within the police department, ultimately contributing to a more focused and effective workforce.

Furthermore, by operating as a state-chartered credit union, it adheres to regulations that ensure accountability and ethical management of members' funds. This adherence builds trust, allowing employees to feel secure in their financial decisions. Overall, the New Orleans Police Department Employees' Credit Union significantly impacts the lives of its members and the broader community by promoting financial health and empowerment.




This information is meant to be a general summary of New Orleans Police Department 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.

Revenue
$1,269,417 (2022)
Expenses
$1,212,273 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $58,532
  • Program Service Revenue: $1,210,885
  • Gross Receipts: $1,269,417

Assets and Liabilities:

  • Total Assets: $20,788,568
  • Total Liabilities: $12,038,036
  • Net Assets: $8,750,532

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS TO M

Revenue

$1,210,103

SERVICE CHARGES

Revenue

$782

Organization Details

Founding Year

1928

Principal Officer

Terrence Duffy

Main Address

715 SOUTH BROAD STREET RM 408, NEW ORLEANS, LA, 70119

NTEE Category

Code: W60 - Public benefit

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