Overview
What is Montana Credit Unions For Community Development?
Montana Credit Unions for Community Development is a nonprofit organization located at 101 N Rodney Street, Helena, MT 59601. Their primary mission involves providing technical assistance to Montana's credit unions, with the ultimate goal of enhancing the social and economic well-being of Montana's consumers. To achieve this, they implement various programs through local credit unions, aiming to positively impact the community's overall living standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Montana Credit Unions For Community Development has earned a Three-Star rating based on an overall score of 87%, primarily reflecting its performance in Accountability & Finance. This rating indicates a solid level of financial health and governance practices, which is crucial for ensuring donor trust and effective utilization of resources. The organization has demonstrated a commitment to maintaining a high standard of accountability, evidenced by its independent board composition and robust fiscal management practices.
Strengths include a fully independent board and strong policies related to conflict of interest and whistleblower protections. The organization also showcases exemplary fiscal responsibility with a low liabilities to assets ratio, indicating a stable financial foundation. Additionally, a significant portion of its expenses are directed toward programs, showcasing its focus on mission-driven outcomes rather than administrative costs.
However, as with any organization, potential donors should consider the overall context of the nonprofit's work and impact, even though the financial metrics are strong. While the organization excels in financial accountability, further qualitative assessments may be beneficial to fully understand its community impact and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Credit Unions For Community Development legitimate?
Montana Credit Unions For Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Credit Unions For Community Development 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: $105,159
For more financial information, click here
What is the mission statement of Montana Credit Unions For Community Development?
Montana Credit Unions For Community Development aims to enhance the social and economic well-being of Montana consumers by implementing programs through local credit unions. This organization provides technical assistance to these credit unions, contributing to their efforts in improving the overall financial and societal conditions of the community's residents. By doing so, they aim to contribute positively to the lives of Montana consumers, providing them with improved opportunities and financial stability.
Who is the CEO of Montana Credit Unions For Community Development?
Gerry Singleton is the Chair of Montana Credit Unions For Community Development. The CEO's salary of Montana Credit Unions For Community Development is $0 and their total compensation is $302,385.
What is the revenue of Montana Credit Unions For Community Development?
Montana Credit Unions For Community Development's revenue in 2022 was $175,409.
Who are the executives of Montana Credit Unions For Community Development and what are their salaries?
Here are 8 key members and their salaries (Montana Credit Unions For Community Development's CEO's salary is $0 and their total compensation is $302,385):
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- Related: $259,807
- Other: $42,578
Where can I find the form 990 for Montana Credit Unions For Community Development?
Montana Credit Unions For Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montana Credit Unions For Community Development
Montana Credit Unions For Community Development is committed to enhancing the social and economic well-being of Montana consumers. To achieve this, the organization provides technical assistance through local credit unions. By doing so, Montana Credit Unions For Community Development aims to implement programs that directly impact and benefit the consumers in Montana. The organization's mission is to serve as a catalyst for positive change, leveraging the resources and reach of credit unions to improve the lives of Montana residents.
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Impact
October, 2024
Montana Credit Unions For Community Development plays a significant role in enhancing the social and economic well-being of consumers across the state. By implementing programs through local credit unions, it provides valuable technical assistance that empowers individuals and families to achieve financial stability. These efforts include promoting financial literacy, accessibility to responsible financial products, and support for underserved communities, ultimately fostering healthier economic environments. This initiative not only strengthens local economies but also builds a sense of community resilience and solidarity among Montana residents.
This information is meant to be a general summary of Montana Credit Unions For Community Development. 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: $4,545
- Gross Receipts: $183,907
Assets and Liabilities:
- Total Assets: $421,243
- Total Liabilities: $12,739
- Net Assets: $408,504
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Organization Details
Founding Year
2003
Phone
(406) 442-9081Principal Officer
Gerry Singleton
Main Address
101 N RODNEY STREET, HELENA, MT, 59601
NTEE Category
Code: P51 - Human services
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