Northern Colorado Credit Union

Northern Colorado Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840523624 ✦ Greeley, CO ✦ Designated as a 501(c)(14)

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Overview

What is Northern Colorado Credit Union?

Northern Colorado Credit Union is a financially focused nonprofit organization, specifically categorized as a State Chartered Credit Union. Situated in Greeley, Colorado, the credit union is led by Meagan Barrett. As a financial institution, its primary mission is to serve its members by providing various credit union services. This nonprofit is an integral part of the financial sector in Colorado, contributing to the financial well-being of its community members.


Official website here: www.nococu.org

Is Northern Colorado Credit Union legitimate?

Northern Colorado Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northern Colorado 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $821,501

For more financial information, click here


Official website here: www.nococu.org

What is the mission statement of Northern Colorado Credit Union?

Northern Colorado Credit Union functions as a State Chartered Credit Union, serving under the category of financial institutions and credit unions. Its primary mission is to provide financial services within this framework. While the provided information does not explicitly state a mission statement, it can be inferred that the credit union aims to offer financial solutions to its members, upholding the principles and benefits typically associated with credit unions. However, without specific data, a detailed mission statement cannot be accurately paraphrased.


Official website here: www.nococu.org

Who is the CEO of Northern Colorado Credit Union?

Meagan Barrett is the Board Member of Northern Colorado Credit Union.


Official website here: www.nococu.org

What is the revenue of Northern Colorado Credit Union?

Northern Colorado Credit Union's revenue in 2022 was $2,297,876.


Official website here: www.nococu.org

Who are the executives of Northern Colorado Credit Union and what are their salaries?

The average compensation at Northern Colorado Credit Union during 2022 was $32,860. There are 25 employees and 6 volunteers at Northern Colorado Credit Union.


Here are 6 key members and their salaries:


Terry Urista (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim O'Toole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Cole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Welch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zerrick Shanks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Porter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nococu.org

Where can I find the form 990 for Northern Colorado Credit Union?

Northern Colorado Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nococu.org

Learn more at the official website: www.nococu.org

Mission Statement of Northern Colorado Credit Union

Northern Colorado Credit Union, as a state-chartered credit union, is dedicated to serving its members within the financial institutions and credit unions sector. Led by Meagan Barrett, this organization operates with a focus on providing financial services to its members. While the specifics of its mission or activities are not explicitly stated in the provided information, it can be inferred that as a credit union, its primary objective is to promote savings and provide affordable loans to its members, all while operating in a not-for-profit manner. The credit union's headquarters are situated in Greeley, CO, further emphasizing its commitment to serving the local community.

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Impact




October, 2024

Northern Colorado Credit Union plays a significant role in the financial landscape of Greeley, CO, and the surrounding areas. As a state-chartered credit union, it provides a range of financial services that are tailored to meet the needs of its members, fostering community growth and individual financial well-being.

Under the leadership of Meagan Barrett, Northern Colorado Credit Union prioritizes member service and aims to empower individuals through accessible financial products. These offerings often include savings accounts, loans, and financial education resources that support members in achieving their financial goals.

Additionally, the credit union contributes to the local economy by promoting financial literacy and offering fair lending practices. By engaging with the community, Northern Colorado Credit Union not only strengthens its membership base but also enhances the overall economic health of the region, ensuring that residents have the tools they need to build a secure financial future.




This information is meant to be a general summary of Northern Colorado 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.

Revenue
$2,297,876 (2022)
Expenses
$2,101,913 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $208,361
  • Program Service Revenue: $2,089,515
  • Gross Receipts: $2,297,876

Assets and Liabilities:

  • Total Assets: $74,578,525
  • Total Liabilities: $67,757,617
  • Net Assets: $6,820,908

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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

$1,771,640

Fee Income

Revenue

$241,372

Miscellaneous Income

Revenue

$76,503

Organization Details

Founding Year

1935

Principal Officer

Meagan Barrett

Main Address

2901 S 27th Ave, Greeley, CO, 80631

NTEE Category

Code: W60 - Public benefit

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