Overview
What is Rincones Presbyterian Credit Union?
Rincones Presbyterian Credit Union is a financial institution operating under the Federal Credit Union Act. As a nonprofit organization, its primary activity revolves around savings and loans services. While detailed information about its mission, reach, or community involvement is not provided, we can infer that its operations are centered around financial services for its members. However, further research or access to additional data might provide more insights into its specific goals, reach, and impact within the community.
Is Rincones Presbyterian Credit Union legitimate?
Rincones Presbyterian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rincones Presbyterian 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: $114,915
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What is the mission statement of Rincones Presbyterian Credit Union?
Rincones Presbyterian Credit Union operates under the Federal Credit Union Act, focusing on savings and loans. Their primary mission, however, is not explicitly stated in the provided information. Therefore, an accurate mission statement cannot be provided at this time.
What is the revenue of Rincones Presbyterian Credit Union?
Rincones Presbyterian Credit Union's revenue in 2024 was $334,864.
Who are the executives of Rincones Presbyterian Credit Union and what are their salaries?
The average compensation at Rincones Presbyterian Credit Union during 2024 was $22,983. There are 5 employees and 5 volunteers at Rincones Presbyterian Credit Union.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $43,136
- Related: $0
- Other: $0
Where can I find the form 990 for Rincones Presbyterian Credit Union?
Rincones Presbyterian Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Rincones Presbyterian Credit Union
Rincones Presbyterian Credit Union, as stated in its activity or mission description, operates under the Federal Credit Union Act. This nonprofit's primary mission, however, is not explicitly mentioned in the provided data. However, based on the general nature of a credit union, it can be inferred that its mission likely involves providing savings and loan services to its members within a not-for-profit framework.
Credit unions are unique financial institutions that operate on a cooperative principle. They are owned and controlled by their members, and the earnings generated are returned to the members in the form of lower loan rates, higher interest on deposits, and lower fees. Therefore, Rincones Presbyterian Credit Union, in line with this model, likely aims to serve its members by offering savings and loan services in a member-centric, not-for-profit manner.
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Impact
October, 2024
Rincones Presbyterian Credit Union operates under the Federal Credit Union Act, providing essential savings and loan services to the community in Chacon, NM. Its mission focuses on enhancing financial accessibility for local residents, facilitating economic growth, and promoting financial literacy. By offering affordable lending options and encouraging savings, the credit union plays a vital role in supporting individuals and families in their financial journeys. This inclusive approach fosters community development, enabling members to achieve their financial goals and contribute to the overall well-being of the region. The emphasis on public benefit underscores its commitment to improving the financial health of the community it serves.
This information is meant to be a general summary of Rincones Presbyterian 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 2024.
- Investment Income: $12,069
- Program Service Revenue: $269,545
- Gross Receipts: $334,864
Assets and Liabilities:
- Total Assets: $4,971,196
- Total Liabilities: $4,413,154
- Net Assets: $558,042
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Organization Details
Founding Year
1961
Principal Officer
Arthur Romero
NTEE Category
Code: W60 - Public benefit
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