Overview
What is Credit Unions Chartered In The State Of Colorado?
Credit Unions Chartered in the State of Colorado, specifically referred to as the St. Mary Credit Union, is a nonprofit organization based in Walsenburg, Colorado. This financial institution, operated by its members, is not driven by profit motives but rather exists to cater to the financial needs of its member base. The St. Mary Credit Union's primary objective is to provide loans to its members, thereby acting as a financial resource for its community. The organization, with a team of three dedicated employees, operates on a not-for-profit basis, ensuring that its operations serve the best interests of its members.
Is Credit Unions Chartered In The State Of Colorado legitimate?
Credit Unions Chartered In The State Of Colorado is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Colorado 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: $138,385
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What is the mission statement of Credit Unions Chartered In The State Of Colorado?
The St. Mary Credit Union, being a member-owned and not-for-profit financial institution, exists with the primary objective of catering to the financial needs of its members. Its mission is to provide loans as part of its exempt purpose, serving as a financial resource for its members. This credit union operates with the intention of functioning for its members' benefit rather than for profit.
Who is the CEO of Credit Unions Chartered In The State Of Colorado?
Marian Tressell is the President Board Of Directors of Credit Unions Chartered In The State Of Colorado.
What is the revenue of Credit Unions Chartered In The State Of Colorado?
Credit Unions Chartered In The State Of Colorado's revenue in 2022 was $193,960.
Who are the executives of Credit Unions Chartered In The State Of Colorado and what are their salaries?
The average compensation at Credit Unions Chartered In The State Of Colorado during 2022 was $46,128. There are 3 employees and 10 volunteers at Credit Unions Chartered In The State Of Colorado.
Here are 4 key members and their salaries:
- 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 Credit Unions Chartered In The State Of Colorado?
Credit Unions Chartered In The State Of Colorado's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Credit Unions Chartered In The State Of Colorado
St. Mary Credit Union, a financial institution chartered in Colorado, is dedicated to serving the financial needs of its members. As a member-owned, not-for-profit organization, its primary mission is to provide loans to its members, operating under an exempt purpose. This credit union exists to support its members, ensuring they have access to financial resources when needed.
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Impact
October, 2024
Credit Unions Chartered in the State of Colorado play a significant role in enhancing the financial well-being of their members by offering accessible financial services tailored to their needs. For instance, the St. Mary Credit Union in Walsenburg is dedicated to serving its community through member-focused lending and financial products. By providing loans, the credit union helps members achieve their personal goals, whether it's purchasing a home, financing education, or supporting small businesses.
The mission of these credit unions underscores a commitment to meeting the diverse financial needs of their members, emphasizing the importance of community support and empowerment. By offering competitive rates and personalized services, they contribute to the stability and growth of the local economy. Additionally, their member-owned structure fosters a sense of community and accountability, allowing members to participate in decision-making processes that directly affect their financial institution.
Overall, Credit Unions Chartered in Colorado, like St. Mary Credit Union, create a positive impact by prioritizing the financial health and growth of their members, thus contributing to the broader public benefit and economic vitality of the regions they serve.
This information is meant to be a general summary of Credit Unions Chartered In The State Of Colorado. 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: $51,406
- Program Service Revenue: $142,554
- Gross Receipts: $193,960
Assets and Liabilities:
- Total Assets: $9,136,155
- Total Liabilities: $7,590,315
- Net Assets: $1,545,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest income on members loans
Revenue
$139,308
Membership fees
Revenue
$490
Membership insurance program
Revenue
$2,756
Organization Details
Founding Year
1943
Phone
(719) 738-1760Principal Officer
Marian Tressell
Main Address
PO Box 266, Walsenburg, CO, 81089
NTEE Category
Code: W60 - Public benefit
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