Overview
What is Pampa Municipal Credit Union?
Pampa Municipal Credit Union is a nonprofit organization located in Pampa, Texas. Their primary mission is to support their members' financial needs by offering savings accounts and loans. By pooling their savings, members enable the credit union to provide loans to others when needed. Established with the belief in "Members helping Members," this credit union has a workforce of three individuals and operates from a PO Box in the city. According to the provided information, the credit union does not engage in any reported services, grants, or allocations.
Is Pampa Municipal Credit Union legitimate?
Pampa Municipal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pampa Municipal 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: $81,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pampa Municipal Credit Union?
Pampa Municipal Credit Union's mission is centered around assisting its members with their financial needs. The credit union aims to offer share accounts and loans to its members, with the savings contributions of one member helping to support the financial needs of others. Its mission statement can be encapsulated as "serving its members by providing them with savings and loan services, with members supporting each other financially." By promoting a culture of mutual aid, the credit union strives to help its members prepare for their future financial needs.
Who is the CEO of Pampa Municipal Credit Union?
Ellen Gage is the Manager of Pampa Municipal Credit Union.
What is the revenue of Pampa Municipal Credit Union?
Pampa Municipal Credit Union's revenue in 2022 was $278,997.
Who are the executives of Pampa Municipal Credit Union and what are their salaries?
The average compensation at Pampa Municipal Credit Union during 2022 was $27,258. There are 3 employees and 7 volunteers at Pampa Municipal Credit Union.
Here are 10 key members and their salaries:
- Compensation: $44,800
- Related: $0
- Other: $0
- Compensation: $28,400
- Related: $0
- Other: $0
- Compensation: $8,575
- Related: $0
- Other: $0
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pampa Municipal Credit Union?
Pampa Municipal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pampa Municipal Credit Union
Pampa Municipal Credit Union, with its mission statement of "Members helping Members," is dedicated to assisting its members with their savings and loans needs. The organization operates on the principle that members contributing to their individual savings accounts enables the credit union to extend loans to other members in times of need. By fostering this cycle of savings and lending, Pampa Municipal Credit Union aims to help its members build a financial safety net for the future. The credit union's mission is centered around the idea of unity and mutual support, with members working together to achieve financial stability and security.
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Impact
October, 2024
Pampa Municipal Credit Union plays a pivotal role in fostering financial stability and growth within the Pampa community. By focusing on the needs of its members, the credit union provides essential services that empower individuals to save and access loans when necessary. Through its mission of "Members helping Members," it cultivates a supportive environment where savings contributions from members enable the credit union to extend loans to those in need.
This interconnected framework not only assists members in managing their finances but also strengthens the overall community by promoting responsible saving and borrowing practices. The emphasis on individual savings accounts allows members to prepare for future needs while facilitating a system of mutual aid, where members can rely on one another for financial support.
Overall, Pampa Municipal Credit Union’s impact is significant, as it strengthens the local economy, enhances financial literacy, and builds a sense of community solidarity through its commitment to serving its members.
This information is meant to be a general summary of Pampa Municipal 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: $3,279
- Gross Receipts: $278,997
Assets and Liabilities:
- Total Assets: $4,539,111
- Total Liabilities: $3,999,300
- Net Assets: $539,811
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Organization Details
Founding Year
1953
Phone
(806) 665-8875Principal Officer
Ellen Gage
Main Address
P O Box 1259, Pampa, TX, 790661259
NTEE Category
Code: W60 - Public benefit
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