Overview
What is Lincoln County Credit Union?
Lincoln County Credit Union (LCCU) is a member-owned financial institution located in Libby, Montana. With a mission to promote savings through quality service, LCCU focuses on providing affordable housing financing. In 2022, they made 154 real estate loans totaling $62,675,306, with outstanding real estate loans to members reaching $45,301,482 by the year's end. Additionally, they offered consumer loans, with 1,447 loans in place, amounting to $17,373,821. The credit union, with a staff of 23 employees, aims to support its members' financial needs.
Official website here: www.lincolncountycu.com
Is Lincoln County Credit Union legitimate?
Lincoln County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lincoln County 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: $113,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $590,966
For more financial information, click here
Official website here: www.lincolncountycu.com
What is the mission statement of Lincoln County Credit Union?
Lincoln County Credit Union, being a member-owned institution, is committed to promoting thrift through providing quality service. One of its primary goals is offering financing for affordable housing. In 2022, the credit union made 154 real estate loans amounting to $62,675,306. At year-end, real estate loans outstanding to its members totaled $45,301,482. Furthermore, the credit union had extended consumer loans to its members, amounting to $17,373,821 with 1,447 loans in place as of December 31, 2022. Although the information provided is primarily focused on financial activities, it can be inferred that Lincoln County Credit Union's overall mission is to serve its members by offering financial solutions and promoting financial well-being.
Official website here: www.lincolncountycu.com
Who is the CEO of Lincoln County Credit Union?
Lindsay Beaty is the Secretary of Lincoln County Credit Union.
Official website here: www.lincolncountycu.com
What is the revenue of Lincoln County Credit Union?
Lincoln County Credit Union's revenue in 2022 was $3,968,487.
Official website here: www.lincolncountycu.com
Who are the executives of Lincoln County Credit Union and what are their salaries?
The average compensation at Lincoln County Credit Union during 2022 was $30,646. There are 23 employees and 6 volunteers at Lincoln County Credit Union.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $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
- Related: $0
- Other: $0
- Compensation: $113,901
- Related: $0
- Other: $15,690
Official website here: www.lincolncountycu.com
Where can I find the form 990 for Lincoln County Credit Union?
Lincoln County Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolncountycu.com
Learn more at the official website: www.lincolncountycu.com
Mission Statement of Lincoln County Credit Union
Lincoln County Credit Union, as a member-owned institution, is committed to promoting thrift through quality service. Their mission, expressed in their tagline, is to encourage savings among their members. One of their notable endeavors is providing financing for affordable housing. In 2022 alone, they made 154 real estate loans totaling $62,675,306. As of the year's end, real estate loans outstanding to their members amounted to $45,301,482. Furthermore, they offer consumer loans to their members, with 1,447 loans in place and a total of $17,373,821 on December 31, 2022. Lincoln County Credit Union's mission is to serve its members by facilitating their financial needs, particularly in the realm of housing, while promoting saving habits.
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Impact
October, 2024
Lincoln County Credit Union plays a significant role in promoting affordable housing and community development in Libby, Montana. In 2022, the credit union helped its members achieve their homeownership dreams by providing 154 real estate loans, totaling over $62.6 million. This commitment has led to outstanding real estate loans of approximately $45.3 million at year-end, highlighting its impact on the local housing market.
Additionally, Lincoln County Credit Union supports its members with consumer loans, totaling nearly $17.4 million across 1,447 loans as of December 31, 2022. This financial support fosters economic stability and personal growth for families in the region.
By prioritizing thrift and quality service, Lincoln County Credit Union not only enhances the financial well-being of its members but also contributes to the broader public benefit of the community, fostering a stronger, more resilient economy in Lincoln County.
This information is meant to be a general summary of Lincoln County 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: $948,353
- Program Service Revenue: $3,020,134
- Gross Receipts: $3,968,487
Assets and Liabilities:
- Total Assets: $161,659,248
- Total Liabilities: $386,926
- Net Assets: $161,272,322
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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
$2,189,930
FEE INCOME
Revenue
$511,276
OTHER OPERATING INCOME
Revenue
$318,928
Organization Details
Founding Year
1957
Phone
(406) 293-7771Principal Officer
Lindsay Beaty
Main Address
PO BOX 1586, LIBBY, MT, 59923
Website
www.lincolncountycu.comNTEE Category
Code: W60 - Public benefit
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