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
What do the Facebook reviews say about Neighborhood Credit Union?
76% of 288 reviewers on Facebook recommend Neighborhood Credit Union. Here is a summary of their reviews:
Many patrons appreciate the welcoming atmosphere at the Renaissance Elm Branch in Dallas, highlighting the courteous and attentive staff. Customers feel valued and recognized each time they visit, contributing to a positive banking experience.
Overall, the sentiment reflects that the nonprofit effectively fosters a sense of community and belonging amongst its members, with users expressing satisfaction with the service and interactions they encounter.
This AI summary has been generated from reviews found on Facebook.
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 tax deductible.
Heare 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
Official website here: www.myncu.com
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?
Neighborhood Credit Union's revenue in 2022 was $57,236,238.
Official website here: www.myncu.com
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):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $579,837
- Related: $0
- Other: $33,086
- Compensation: $460,226
- Related: $0
- Other: $43,377
- Compensation: $229,632
- Related: $0
- Other: $22,416
- Compensation: $217,358
- Related: $0
- Other: $24,677
- Compensation: $206,413
- Related: $0
- Other: $33,171
- Compensation: $164,099
- Related: $0
- Other: $41,155
- Compensation: $173,109
- Related: $0
- Other: $22,215
Official website here: www.myncu.com
Where can I find the form 990 for Neighborhood Credit Union?
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.
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Impact
October, 2024
Neighborhood Credit Union plays a vital role in the financial well-being of its members in Dallas, Texas. By promoting thrift and savings, the institution encourages a culture of financial responsibility among its members. The credit union offers a wide range of loan options, including auto loans, mortgages, credit cards, and unsecured loans, all at competitive rates. This accessibility to credit helps members effectively manage their financial health and build a secure future.
The cooperative structure of Neighborhood Credit Union empowers its members, allowing them to have a say in the governance and direction of the organization. The interest rates and services are determined by a board of directors focused on the best interests of the members, which fosters a sense of community and shared purpose.
Neighborhood Credit Union's commitment to improving the economic and social conditions of its members is transformative, providing not just financial products but also opportunities for personal and communal advancement. The earnings and benefits generated by the credit union are reinvested into services that directly benefit its members, further underscoring its mission to serve the community. Overall, Neighborhood Credit Union makes a significant impact by promoting financial literacy, enhancing access to credit, and supporting the economic empowerment of individuals and families.
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.
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: $3,744,560
- Program Service Revenue: $53,491,678
- Gross Receipts: $58,830,563
Assets and Liabilities:
- Total Assets: $1,091,093,694
- Total Liabilities: $998,697,288
- Net Assets: $92,396,406
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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) 748-9393Principal Officer
Chet Kimmell
Main Address
PO BOX 803476, DALLAS, TX, 75380
Website
www.myncu.comNTEE Category
Code: W60 - Public benefit
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