Overview
What is Neighborhood Credit Union?
Neighborhood Credit Union, located in Dallas, Texas, is a cooperative organization with a mission to promote savings and thrift among its members. Established to provide a source of credit and competitive rates, the credit union enables its members to improve their economic and social conditions by controlling their own money. With a team of 239 employees, Neighborhood Credit Union offers a range of loans such as automobile, mortgages, credit cards, and unsecured loans to its membership. By doing so, it assists members in managing their financial health and supporting their future growth. As a cooperative, Neighborhood Credit Union operates for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services back to them.
Official website here: www.myncu.com
Is Neighborhood Credit Union legitimate?
Neighborhood Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Neighborhood 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,030,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,191,429
For more financial information, click here
What is the mission statement of Neighborhood Credit Union?
Neighborhood Credit Union is a cooperative, established with the goal of encouraging savings among its members and providing them with affordable credit through interest rates determined by the board of directors. The cooperative offers its members the opportunity to manage their own funds in a democratic fashion, with the aim of enhancing their economic and social conditions. By operating as a cooperative, Neighborhood Credit Union serves the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services as patronage.
Official website here: www.myncu.com
Who is the CEO of Neighborhood Credit Union?
Chet Kimmell is the Principal Officer of Neighborhood Credit Union. The CEO's salary of Neighborhood Credit Union is $579,837 and their total compensation is $612,923.
Official website here: www.myncu.com
What is the revenue of Neighborhood Credit Union?
Who are the executives of Neighborhood Credit Union and what are their salaries?
The average compensation at Neighborhood Credit Union during 2022 was $59,507. There are 239 employees at Neighborhood Credit Union.
Here are 14 key members and their salaries (Neighborhood Credit Union's CEO's salary is $579,837 and their total compensation is $612,923):
- Chester Kimmell (President/Ceo)
- James Frankeberger (Cfo)
- Carolyn Jordan (Cgo)
- Ronald Newlin (President, Ntxca)
- Francis Santana (Svp, Retail & Business Development)
- Yvonne Schmitz (Svp, Information Technology)
- Kenny Cooper (Svp, Lending & Collections)
- Dwayne Boozer (Chairperson) [Trustee/Director]
- John Logan (Vice Chairperson) [Trustee/Director]
- Clarissa Salas (Secretary/Treasurer) [Trustee/Director]
- Janis Frum (Board Member) [Trustee/Director]
- Ronald Taylor (Board Member) [Trustee/Director]
- Randy Till (Board Member) [Trustee/Director]
- Arthur Young (Board Member) [Trustee/Director]
Official website here: www.myncu.com
Where can I find the form 990 for Neighborhood Credit Union?
The Neighborhood Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.myncu.com
Learn more at the official website: www.myncu.com
Mission Statement of Neighborhood Credit Union
Neighborhood Credit Union, a cooperative organization, is dedicated to encouraging savings among its members and offering them competitive rates of interest. Established with the purpose of promoting thrift, this credit union aims to provide its members with a valuable source of credit and a democratic platform to manage their finances.
As a cooperative, Neighborhood Credit Union operates with the mutual benefit and general welfare of its members at its core. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage. By fostering a sense of community and cooperation, the credit union strives to help its members enhance their economic and social conditions.
Neighborhood Credit Union creates opportunities for its members to save and control their own money, providing them with the power to use it effectively. This not-for-profit organization is committed to improving the financial well-being of its members by offering them access to affordable credit and democratic control over their financial futures.
Impact
This information is meant to be a general summary of Neighborhood Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Neighborhood Credit Union's impact lies in promoting thrift and savings among its members, providing a source of credit at competitive rates, and assisting them in managing their financial health and growth. By offering a variety of loans including auto, mortgages, credit card, and unsecured loans, Neighborhood Credit Union supports its members in achieving their financial goals. Additionally, as a cooperative in Dallas, TX, the credit union operates for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services to its members as patrons.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$30,234,328
FEE INCOME
Revenue
$18,845,557
OTHER OPERATING INCOME
Revenue
$4,411,793
Organization Details
Founding Year
1930
Phone
(214) 748-9393
Principal Officer
Chet Kimmell
Main Address
PO BOX 803476, DALLAS, TX, 75380
Website
www.myncu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Neighborhood Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.