Overview
What is Utility District Credit Union?
Utility District Credit Union is a nonprofit organization located in Oakland, California, with a postal address at 375 11th Street, ZIP code 94607. Their primary function is to serve approximately 2,400 members by offering deposit and loan accounts. This nonprofit aims to provide a low-cost source of credit and financial services to its members, acting as a reliable option for members' savings and checking account needs. The organization's mission revolves around promoting thrift and extending low-cost loan opportunities to its members, working towards financial well-being for its community. With a team of six dedicated employees, Utility District Credit Union plays a vital role in supporting its members' financial needs.
Official website here: www.udcu.org
Is Utility District Credit Union legitimate?
Utility District Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Utility District 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: $136,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,200
For more financial information, click here
Official website here: www.udcu.org
What is the mission statement of Utility District Credit Union?
Utility District Credit Union's primary mission is centered around promoting financial prudence among its members. By doing so, it offers them access to affordable loans and financial services. This credit union serves as a reliable source for members' savings and checking account requirements, providing them with a cost-effective option for credit. In essence, Utility District Credit Union's mission is to assist its members in managing their finances effectively and affordably.
Official website here: www.udcu.org
Who is the CEO of Utility District Credit Union?
Hassan Elmi is the Ceo of Utility District Credit Union. The CEO's salary of Utility District Credit Union is $136,255 and their total compensation is $136,255.
Official website here: www.udcu.org
What is the revenue of Utility District Credit Union?
Utility District Credit Union's revenue in 2022 was $816,860.
Official website here: www.udcu.org
Who are the executives of Utility District Credit Union and what are their salaries?
The average compensation at Utility District Credit Union during 2022 was $97,242. There are 6 employees and 10 volunteers at Utility District Credit Union.
Here are 11 key members and their salaries (Utility District Credit Union's CEO's salary is $136,255 and their total compensation is $136,255):
- Compensation: $136,255
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.udcu.org
Where can I find the form 990 for Utility District Credit Union?
Utility District Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.udcu.org
Learn more at the official website: www.udcu.org
Mission Statement of Utility District Credit Union
Utility District Credit Union, as a nonprofit organization, is committed to fostering thrift among its members and offering them access to affordable loans. The credit union's primary mission is to provide low-cost credit and financial services, serving as a reliable source for members' savings and checking account needs. By promoting thrift, the credit union helps its members manage their finances effectively, enabling them to save for future needs and make informed decisions about borrowing. In doing so, Utility District Credit Union plays a crucial role in empowering its members to achieve financial stability.
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Impact
October, 2024
Utility District Credit Union significantly impacts its community by promoting thrift and offering low-cost loans to its 2,400 members in Oakland, California. By providing accessible deposit and loan accounts, the credit union addresses the financial needs of its members, ensuring they have reliable savings and checking options. Their commitment to delivering affordable financial services creates a source of credit that empowers members to achieve their financial goals. Through these efforts, Utility District Credit Union fosters financial stability and growth within the community, contributing to the overall public benefit.
This information is meant to be a general summary of Utility District 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: $351,209
- Program Service Revenue: $417,035
- Gross Receipts: $816,860
Assets and Liabilities:
- Total Assets: $37,976,975
- Total Liabilities: $35,174,661
- Net Assets: $2,802,314
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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
$417,035
Organization Details
Founding Year
1935
Phone
(510) 287-0465Principal Officer
Hassan Elmi
Main Address
375 11th Street, Oakland, CA, 94607
Website
www.udcu.orgNTEE Category
Code: W60 - Public benefit
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