Overview
What is Jacom Credit Union?
Jacom Credit Union is a nonprofit organization located in Los Angeles, California, with a focus on providing financial and banking services to its members. Established with the mission to promote savings, a sense of responsibility, and service among its members, the credit union's activities involve accumulating funds for lending to qualified members. With a small team of eight dedicated employees, Jacom Credit Union strives to uphold integrity and honesty in its operations, ensuring that it meets the financial needs of its members effectively.
Official website here: www.jacomcu.org
Is Jacom Credit Union legitimate?
Jacom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Jacom 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: $143,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,400
For more financial information, click here
Official website here: www.jacomcu.org
What is the mission statement of Jacom Credit Union?
Jacom Credit Union's mission statement is focused on serving its members financially. It aims to receive and accumulate funds for lending, primarily to its qualified members. The credit union also promotes values such as thrift, honesty, integrity, and a spirit of service among its members. Its overarching goal is to provide various banking and financial services to its members, fostering a sense of community and trust.
Official website here: www.jacomcu.org
Who is the CEO of Jacom Credit Union?
Scott Umemoto is the Ceo of Jacom Credit Union. The CEO's salary of Jacom Credit Union is $143,621 and their total compensation is $143,621.
Official website here: www.jacomcu.org
What is the revenue of Jacom Credit Union?
Jacom Credit Union's revenue in 2022 was $1,611,425.
Official website here: www.jacomcu.org
Who are the executives of Jacom Credit Union and what are their salaries?
The average compensation at Jacom Credit Union during 2022 was $62,503. There are 8 employees at Jacom Credit Union.
Here are 9 key members and their salaries (Jacom Credit Union's CEO's salary is $143,621 and their total compensation is $143,621):
- Compensation: $143,621
- 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.jacomcu.org
Where can I find the form 990 for Jacom Credit Union?
Jacom Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacomcu.org
Learn more at the official website: www.jacomcu.org
Mission Statement of Jacom Credit Union
Jacom Credit Union is committed to serving its members by engaging in the fundamental business of a credit union. Its primary mission involves receiving and saving funds, which are then lent out to eligible credit union members. This approach encourages thrift and fosters a culture of honesty, integrity, and service among its members. Beyond lending, Jacom Credit Union is dedicated to providing a range of financial and banking services to its members. These services aim to meet the diverse financial needs of its members and promote financial well-being. In essence, Jacom Credit Union is a financial institution that prioritizes the financial needs of its members and fosters a sense of community and cooperation among them.
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Impact
October, 2024
Jacom Credit Union plays a significant role in enhancing the financial well-being of its members in Los Angeles, California. By providing essential banking services, Jacom Credit Union helps individuals manage their finances effectively, fostering a culture of thrift and integrity among its members. The credit union's focus on promoting honesty and business methods not only empowers its members to achieve their financial goals but also contributes to the overall economic health of the community.
Through its primary business of receiving and accumulating funds, Jacom Credit Union ensures that qualified members have access to loans, enabling them to pursue important personal and business endeavors. This commitment to service and financial support strengthens ties within the community and encourages a spirit of collaboration and mutual assistance.
Ultimately, Jacom Credit Union serves as a vital resource, helping its members navigate financial challenges while promoting responsible financial practices that can enhance their quality of life.
This information is meant to be a general summary of Jacom 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: $1,443,509
- Gross Receipts: $1,611,425
Assets and Liabilities:
- Total Assets: $65,310,787
- Total Liabilities: $59,698,742
- Net Assets: $5,612,045
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Organization Details
Founding Year
1951
Phone
(323) 731-9358Principal Officer
Scott Umemoto
Main Address
3037 W JEFFERSON BLVD, LOS ANGELES, CA, 90018
Website
www.jacomcu.orgNTEE Category
Code: W60 - Public benefit
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