Overview
What is Vocal Credit Union?
Vocal Credit Union is a member-centric financial cooperative, located at 2910 Prospect Avenue, Helena, Montana 59601. As a primary provider of financial services, it offers various deposit products such as Member Demand Deposits and Certificates of Deposit, along with lending options like Residential Real Estate Mortgage Loans and Secured Personal Loans. With a focus on serving its members' needs, Vocal Credit Union operates with a team of 18 dedicated individuals.
Official website here: www.vocal.coop
Is Vocal Credit Union legitimate?
Vocal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vocal 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: $199,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $673,553
For more financial information, click here
Official website here: www.vocal.coop
What is the mission statement of Vocal Credit Union?
Vocal Credit Union, as a member-owned financial cooperative, is committed to listening to and catering to the needs of its members. Its primary objective is to provide financial services. As part of this mission, the credit union offers various deposit products such as member demand deposits and certificates of deposit, and lending services including residential real estate mortgage loans and secured personal loans. The credit union's mission is centered around serving its members effectively.
Official website here: www.vocal.coop
Who is the CEO of Vocal Credit Union?
Eddie Black is the Chair of Vocal Credit Union. The CEO's salary of Vocal Credit Union is $170,040 and their total compensation is $199,811.
Official website here: www.vocal.coop
What is the revenue of Vocal Credit Union?
Vocal Credit Union's revenue in 2022 was $2,395,107.
Official website here: www.vocal.coop
Who are the executives of Vocal Credit Union and what are their salaries?
The average compensation at Vocal Credit Union during 2022 was $48,520. There are 18 employees at Vocal Credit Union.
Here are 7 key members and their salaries (Vocal Credit Union's CEO's salary is $170,040 and their total compensation is $199,811):
- 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: $170,040
- Related: $0
- Other: $29,771
Official website here: www.vocal.coop
Where can I find the form 990 for Vocal Credit Union?
Vocal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vocal.coop
Learn more at the official website: www.vocal.coop
Mission Statement of Vocal Credit Union
Vocal Credit Union, as a member-owned financial cooperative, is committed to listening to and serving the financial needs of its members. Their mission is defined by their dedication to putting their members at the forefront. They offer a variety of financial services, with their primary deposit products including member demand deposits and certificates of deposit. Similarly, their primary lending products cater to the needs of their members, providing residential real estate mortgage loans and secured personal loans. By focusing on their members' needs, Vocal Credit Union strives to create a financial institution that truly serves the people it was built for.
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Impact
October, 2024
Vocal Credit Union plays a significant role in the Helena community by providing essential financial services tailored to the needs of its members. The credit union offers primary deposit products, such as member demand deposits and certificates of deposit, which empower individuals to save and manage their finances effectively.
In addition, Vocal Credit Union supports its members through a range of lending options, including residential real estate mortgage loans and secured personal loans, fostering homeownership and enabling personal financial growth.
As a member-owned financial cooperative, Vocal Credit Union prioritizes listening to the unique needs of its members and tailoring its services accordingly. This commitment strengthens the financial well-being of the community, ensuring access to vital resources that support economic stability and development. Overall, Vocal Credit Union's impact is rooted in its dedicated service to individuals and families, promoting a culture of financial empowerment and public benefit in Helena, Montana.
This information is meant to be a general summary of Vocal 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.
- Program Service Revenue: $2,279,031
- Gross Receipts: $2,395,107
Assets and Liabilities:
- Total Assets: $49,892,361
- Total Liabilities: $44,836,103
- Net Assets: $5,056,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,501,592
FEE INCOME
Revenue
$651,831
INVESTMENT INTEREST
Revenue
$125,608
Organization Details
Founding Year
1954
Phone
(406) 442-1421Principal Officer
Eddie Black
Main Address
2910 PROSPECT AVENUE, HELENA, MT, 59601
Website
www.vocal.coopNTEE Category
Code: W60 - Public benefit
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