Overview
What is Peoples Credit Union?
Peoples Credit Union is a nonprofit organization situated in Rayne, Louisiana. With a focus on promoting thrift and financial responsibility among its members, the union serves as a reliable source of credit, offering fair and reasonable interest rates, as well as providing various financial services. The organization, staffed by six dedicated individuals, operates with the primary aim of fostering savings among its members and making credit accessible at reasonable terms.
Official website here: www.peoplescu.info
Is Peoples Credit Union legitimate?
Peoples Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoples 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: $215,820
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Official website here: www.peoplescu.info
What is the mission statement of Peoples Credit Union?
Peoples Credit Union's mission is centered around encouraging savings among its members and serving as a reliable source of credit at reasonable rates. They offer a variety of financial services to their members, aiming to promote financial well-being and stability within the community. The credit union strives to provide these services in a fair and responsible manner, thereby fostering a sense of financial independence and security among its members.
Official website here: www.peoplescu.info
What is the revenue of Peoples Credit Union?
Peoples Credit Union's revenue in 2023 was $932,202.
Official website here: www.peoplescu.info
Who are the executives of Peoples Credit Union and what are their salaries?
The average compensation at Peoples Credit Union during 2023 was $30,831. There are 7 employees at Peoples Credit Union.
Here are 8 key members and their salaries:
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Official website here: www.peoplescu.info
Where can I find the form 990 for Peoples Credit Union?
Peoples Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peoplescu.info
Learn more at the official website: www.peoplescu.info
Mission Statement of Peoples Credit Union
Peoples Credit Union is committed to fostering a culture of savings among its members, serving as a reliable source of credit at reasonable and fair interest rates. The credit union's mission extends beyond lending, providing a variety of financial services to its member base. By encouraging thrift, Peoples Credit Union aims to empower its members by offering them financial security and tools to manage their finances effectively.
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Impact
October, 2024
Peoples Credit Union plays a significant role in fostering financial well-being within its community. By encouraging thrift among its members, it instills responsible savings habits and promotes financial literacy. The credit union provides access to credit at fair and reasonable rates, enabling individuals and families to make critical purchases, invest in their futures, and address short-term needs without falling into debt traps. Additionally, it offers a range of financial services tailored to member needs, ensuring that everyone has the opportunity to achieve their financial goals. Operating from Rayne, Louisiana, Peoples Credit Union is dedicated to creating a supportive financial environment that empowers its members and strengthens the local economy.
This information is meant to be a general summary of Peoples 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 2023.
- Investment Income: $223,944
- Program Service Revenue: $708,207
- Gross Receipts: $932,202
Assets and Liabilities:
- Total Assets: $25,739,422
- Total Liabilities: $21,216,860
- Net Assets: $4,522,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$550,897
SHARE DRAFT INCOME
Revenue
$154,918
SAFE DEPOSIT INCOME
Revenue
$2,050
SOUTHWEST CORP DISTRICT
Revenue
$342
Organization Details
Founding Year
1942
Principal Officer
Jeffrey Bouillion
Website
www.peoplescu.infoNTEE Category
Code: W60 - Public benefit
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