Overview
What is El Monte Community Credit Union?
El Monte Community Credit Union is a non-profit financial institution situated in El Monte, California. With a mission to serve its members, the credit union offers deposit and loan accounts, acting as a low-cost source of credit and financial services. It is committed to charging minimal loan rates and providing the highest deposit interest to its members, thereby meeting their savings and checking account needs effectively. The credit union employs a team of six dedicated individuals, working tirelessly to uphold its mission.
Official website here: www.emcecu.org
What do the Facebook reviews say about El Monte Community Credit Union?
84% of the six reviewers on Facebook recommend El Monte Community Credit Union. Here’s what they have to say:
Many customers express their appreciation for the friendly atmosphere and supportive staff, highlighting the positive interactions they've had during their visits. The enthusiasm for the leadership, particularly praising the CEO, suggests that the organization is well-managed and deeply invested in its community.
Overall, the feedback reflects a sense of satisfaction with the services provided, indicating that members feel valued and well taken care of by the team at El Monte Community Credit Union.
This AI summary has been generated from reviews found on Facebook.
Is El Monte Community Credit Union legitimate?
El Monte Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. El Monte Community 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: $402,725
For more financial information, click here
Official website here: www.emcecu.org
What is the mission statement of El Monte Community Credit Union?
El Monte Community Credit Union, serving as a non-profit financial cooperative, is committed to its members' financial well-being. Its mission is centered around charging the least for loans and paying the most for deposits. This approach ensures that its members benefit from affordable credit and competitive financial services. The Credit Union also provides deposit and loan accounts, serving as a reliable source for members' savings and checking account needs.
Official website here: www.emcecu.org
Who is the CEO of El Monte Community Credit Union?
Sandra Rosas is the Board Member of El Monte Community Credit Union. The CEO's salary of El Monte Community Credit Union is $0 and their total compensation is $0.
Official website here: www.emcecu.org
What is the revenue of El Monte Community Credit Union?
El Monte Community Credit Union's revenue in 2022 was $1,224,087.
Official website here: www.emcecu.org
Who are the executives of El Monte Community Credit Union and what are their salaries?
The average compensation at El Monte Community Credit Union during 2022 was $67,121. There are 6 employees and 10 volunteers at El Monte Community Credit Union.
Here are 11 key members and their salaries (El Monte Community Credit Union's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
Official website here: www.emcecu.org
Where can I find the form 990 for El Monte Community Credit Union?
El Monte Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emcecu.org
Learn more at the official website: www.emcecu.org
Mission Statement of El Monte Community Credit Union
El Monte Community Credit Union, as a non-profit financial cooperative, is committed to serving its members by offering savings and loan services. Its mission is uniquely focused on charging the least possible interest rates on loans and paying the highest returns on deposits. This approach ensures that the credit union is always beneficial to its members, offering them a reliable and cost-effective source of credit and financial services. By prioritizing its members' interests, El Monte Community Credit Union aims to provide a secure and profitable platform for their saving and checking account needs.
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Impact
October, 2024
El Monte Community Credit Union plays a vital role in the financial landscape of its community by offering essential services that empower members economically. By providing accessible savings and loan accounts, the Credit Union ensures that individuals and families have affordable options for both borrowing and saving.
The Credit Union's commitment to charging the least on loans while offering competitive rates on deposits fosters financial stability among its members. This dedication to low-cost financial services not only helps members manage their finances more effectively but also contributes to the overall economic health of the El Monte community.
Moreover, as a trusted source for savings and checking account needs, El Monte Community Credit Union supports financial literacy and encourages prudent financial practices among its members. This cooperative model enhances community bonds by promoting mutual assistance and shared benefits, ultimately helping elevate the standard of living for individuals and families in El Monte, California.
This information is meant to be a general summary of El Monte Community 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: $201,247
- Program Service Revenue: $534,535
- Gross Receipts: $1,224,087
Assets and Liabilities:
- Total Assets: $32,839,949
- Total Liabilities: $30,179,778
- Net Assets: $2,660,171
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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
$534,535
Organization Details
Founding Year
1956
Phone
(626) 444-0501Principal Officer
Sandra Rosas
Main Address
11718 Ramona Blvd, El Monte, CA, 91732
Website
www.emcecu.orgNTEE Category
Code: W60 - Public benefit
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