Overview
What is Media City Credit Union?
Media City Credit Union, based in Burbank, California, serves as a cooperative financial institution for its members. Established with the aim to promote thrift and savings, the credit union offers competitive interest rates on loans and provides an opportunity for its members to manage their own finances democratically. The credit union's mission is to improve the economic and social conditions of its members, and it achieves this by distributing its earnings, savings, and benefits among its members. With a workforce of nine individuals, Media City Credit Union delivers a variety of financial products and services, fostering financial wellbeing for its members.
Official website here: www.mediacitycu.org
Is Media City Credit Union legitimate?
Media City Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Media City 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: $136,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,056
For more financial information, click here
Official website here: www.mediacitycu.org
What is the mission statement of Media City Credit Union?
Media City Credit Union operates as a cooperative, primarily focused on encouraging savings among its members. The primary objective is to create a source of credit for its members, setting interest rates based on the board's decisions. This cooperative also provides an opportunity for members to manage their own funds in a democratic manner, aiming to enhance their economic and social conditions. As a cooperative, Media City Community Credit Union conducts its operations for the mutual benefit and overall welfare of its members. The earnings, benefits, or services of the credit union are ultimately distributed back to its members.
Official website here: www.mediacitycu.org
Who is the CEO of Media City Credit Union?
Ana Ordonez is the Chairwoman of Media City Credit Union. The CEO's salary of Media City Credit Union is $136,770 and their total compensation is $161,968.
Official website here: www.mediacitycu.org
What is the revenue of Media City Credit Union?
Media City Credit Union's revenue in 2022 was $1,372,788.
Official website here: www.mediacitycu.org
Who are the executives of Media City Credit Union and what are their salaries?
The average compensation at Media City Credit Union during 2022 was $47,758. There are 9 employees and 7 volunteers at Media City Credit Union.
Here are 8 key members and their salaries (Media City Credit Union's CEO's salary is $136,770 and their total compensation is $161,968):
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- Compensation: $136,770
- Related: $0
- Other: $25,198
Official website here: www.mediacitycu.org
Where can I find the form 990 for Media City Credit Union?
Media City Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mediacitycu.org
Learn more at the official website: www.mediacitycu.org
Mission Statement of Media City Credit Union
Media City Credit Union, as a cooperative, is established with the primary purpose of promoting thrift and savings among its members. Its mission is to create a source of credit for members at interest rates set by its board of directors. Furthermore, this financial institution offers its members an opportunity to utilize and manage their own money democratically, aiming to enhance their economic and social conditions. As a cooperative, Media City Community Credit Union conducts its business for the mutual benefit and general welfare of its members. The earnings, savings, benefits, or services of the credit union are distributed back to its members, acting as patronage.
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Impact
October, 2024
Media City Credit Union plays a significant role in fostering financial well-being among its members in Burbank, CA. As a cooperative, it focuses on promoting thrift and savings, providing access to a range of valued financial products and services tailored to meet the needs of its members.
The credit union is dedicated to creating a sustainable source of credit at interest rates determined by its Board of Directors, ensuring that members have the resources they require for personal and economic growth. By prioritizing democratic control over financial resources, Media City Credit Union empowers its members to manage and utilize their own money effectively.
Furthermore, the organization fosters an environment that enhances the economic and social conditions for its members. Any earnings generated are reinvested back into services and benefits for them, reinforcing the communal aspect of the credit union. Through its commitment to mutual benefit and members' welfare, Media City Credit Union significantly impacts the financial landscape and quality of life for its community.
This information is meant to be a general summary of Media City 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: $253,179
- Program Service Revenue: $1,119,609
- Gross Receipts: $1,372,788
Assets and Liabilities:
- Total Assets: $38,463,707
- Total Liabilities: $34,030,714
- Net Assets: $4,432,993
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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
$877,539
FEE INCOME
Revenue
$181,129
OTHER OPERATING INCOME
Revenue
$60,941
Organization Details
Founding Year
1936
Phone
(818) 238-2950Principal Officer
Ana Ordonez
Main Address
1020 WEST OLIVE AVENUE, BURBANK, CA, 91506
Website
www.mediacitycu.orgIf you are a representative of Media City Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.