Overview
What is Questa Credit Union?
Questa Credit Union is a community-oriented financial institution situated in Questa, New Mexico. With a strong commitment to its members, the credit union aims to foster long-term relationships by providing both loans and savings accounts with favorable interest rates. By successfully increasing its members' equity by approximately $400,000, Questa Credit Union demonstrates its financial stability and dedication to its customers. The credit union operates with a modest workforce of six individuals, emphasizing its focus on promoting thrift and providing affordable financial services to its community.
Official website here: www.questacreditunion.org
Is Questa Credit Union legitimate?
Questa Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Questa 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: $68,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,698
For more financial information, click here
Official website here: www.questacreditunion.org
What is the mission statement of Questa Credit Union?
Questa Credit Union is committed to building and maintaining lasting relationships with its members. Their mission revolves around promoting thrift among its members by providing reasonable interest rates for loans and offering higher dividend rates for deposit accounts compared to the local market. This approach aims to enhance the financial well-being of its members. Furthermore, the credit union has successfully increased the value of its members' equity by approximately $400,000, indicating its success in upholding its financial principles.
Official website here: www.questacreditunion.org
Who is the CEO of Questa Credit Union?
Cynthia Rael Vigil is the Secretary Treasurer of Questa Credit Union.
Official website here: www.questacreditunion.org
What is the revenue of Questa Credit Union?
Questa Credit Union's revenue in 2022 was $1,083,528.
Official website here: www.questacreditunion.org
Who are the executives of Questa Credit Union and what are their salaries?
The average compensation at Questa Credit Union during 2022 was $34,475. There are 6 employees at Questa Credit Union.
Here are 8 key members and their salaries:
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- Compensation: $65,180
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- Other: $6,518
Official website here: www.questacreditunion.org
Where can I find the form 990 for Questa Credit Union?
Questa Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.questacreditunion.org
Learn more at the official website: www.questacreditunion.org
Mission Statement of Questa Credit Union
Questa Credit Union, with a strong belief in fostering long-term relationships with its members, focuses on promoting thrift amongst its clientele. This is achieved by establishing a reliable source of credit that offers reasonable interest rates for loans and deposit accounts that deliver higher dividend rates compared to the local market. By doing so, the credit union aims to enhance the financial well-being of its members. The commitment to its members is evident in the significant increase in their equity, amounting to approximately $400,000. This growth demonstrates Questa Credit Union's dedication to its mission and its members' financial success.
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Impact
October, 2024
Questa Credit Union significantly impacts the community by fostering financial equity and promoting thrift among its members. By maintaining a strong, long-term relationship with its members, the credit union has increased member equity by approximately $400,000, enhancing the financial well-being of its community. Located in Questa, NM, it focuses on providing reasonable interest rates for loans while offering higher dividend rates on deposit accounts, ensuring members benefit from competitive financial products. This commitment to local economic empowerment and responsible lending practices directly contributes to strengthening the financial fabric of the community.
This information is meant to be a general summary of Questa 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: $66,942
- Program Service Revenue: $987,344
- Gross Receipts: $1,083,528
Assets and Liabilities:
- Total Assets: $19,209,554
- Total Liabilities: $15,616,333
- Net Assets: $3,593,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest income on Loans
Revenue
$759,625
Fees and Charges
Revenue
$227,719
Organization Details
Founding Year
1959
Phone
(505) 263-5796Principal Officer
Cynthia Rael Vigil
Main Address
PO BOX 500, QUESTA, NM, 875560500
Website
www.questacreditunion.orgNTEE Category
Code: W60 - Public benefit
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