Overview
What is Postcity Financial Credit Union?
Postcity Financial Credit Union is a cooperative based in Long Beach, California, with a mission to promote thrift and savings among its members. This nonprofit organization offers various financial services, such as consumer loans, including auto lines, Visa, and personal credit lines, with interest rates set by its board of directors. The primary objective of Postcity Financial Credit Union is to provide its members with a source of credit and an opportunity to manage their own funds democratically, aiming to improve their financial and social conditions. With a workforce of 16, the credit union operates for the mutual benefit and general welfare of its members.
Official website here: www.postcitycu.org
Is Postcity Financial Credit Union legitimate?
Postcity Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Postcity Financial 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: $328,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,512
For more financial information, click here
Official website here: www.postcitycu.org
What is the mission statement of Postcity Financial Credit Union?
Postcity Financial Credit Union is established as a cooperative, serving primarily to foster savings among its members. Its primary objective is to provide a source of affordable credit to its members, setting interest rates according to the board's decisions. The credit union also offers its members the opportunity to manage their own funds democratically, aiming to enhance their economic and social conditions. As a cooperative, Postcity Financial Credit Union operates for the mutual benefit and general welfare of its members. Any earnings, savings, benefits, or services derived from the credit union are distributed back to its members as patronage.
Official website here: www.postcitycu.org
Who is the CEO of Postcity Financial Credit Union?
Christine Haley is the Chairman of Postcity Financial Credit Union. The CEO's salary of Postcity Financial Credit Union is $183,034 and their total compensation is $200,986.
Official website here: www.postcitycu.org
What is the revenue of Postcity Financial Credit Union?
Postcity Financial Credit Union's revenue in 2022 was $2,303,203.
Official website here: www.postcitycu.org
Who are the executives of Postcity Financial Credit Union and what are their salaries?
The average compensation at Postcity Financial Credit Union during 2022 was $50,868. There are 16 employees and 5 volunteers at Postcity Financial Credit Union.
Here are 8 key members and their salaries (Postcity Financial Credit Union's CEO's salary is $183,034 and their total compensation is $200,986):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $183,034
- Related: $0
- Other: $17,952
- Compensation: $145,343
- Related: $0
- Other: $22,576
Official website here: www.postcitycu.org
Where can I find the form 990 for Postcity Financial Credit Union?
Postcity Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.postcitycu.org
Learn more at the official website: www.postcitycu.org
Mission Statement of Postcity Financial Credit Union
Postcity Financial Credit Union, as a cooperative, is established with the primary objective of fostering thrift and savings among its members. The organization serves as a platform where its members can create a source of credit for themselves, with interest rates set by the board of directors. Moreover, Postcity Financial Credit Union provides its members with an opportunity to utilize and control their own money in a democratic manner. This cooperative model is designed to enhance the economic and social conditions of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as patrons, thereby contributing to their mutual benefit and general welfare.
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Impact
October, 2024
Postcity Financial Credit Union plays a vital role in promoting financial stability and empowerment among its members in Long Beach, CA. By fostering a culture of thrift and savings, it enables individuals to manage their finances more effectively, leading to improved economic and social conditions within the community.
The credit union offers a range of consumer loans, including auto lines, Visa credit cards, and personal lines of credit, tailored to meet the needs of its members. This accessibility to credit allows members to make significant purchases, invest in their futures, and address unforeseen expenses, ultimately enhancing their quality of life.
Moreover, Postcity Financial operates on a cooperative model, ensuring that all decisions are made democratically and that benefits are distributed among its members. This approach not only helps members build wealth through savings but also encourages a sense of community and mutual support. Through its efforts, Postcity Financial Credit Union significantly contributes to the financial well-being and independence of its members.
This information is meant to be a general summary of Postcity Financial 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: $616,243
- Program Service Revenue: $1,537,104
- Gross Receipts: $2,303,203
Assets and Liabilities:
- Total Assets: $79,738,384
- Total Liabilities: $70,914,695
- Net Assets: $8,823,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM LOANS
Revenue
$1,030,375
FEE INCOME
Revenue
$474,715
OTHER OPERATING INCOME
Revenue
$32,014
Organization Details
Founding Year
1933
Phone
(562) 498-6057Principal Officer
Christine Haley
Main Address
3738 BAYER AVENUE SUITE 102, LONG BEACH, CA, 90808
Website
www.postcitycu.orgNTEE Category
Code: W60 - Public benefit
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