Overview
What is Diamond Credit Union?
Diamond Credit Union, located at 1600 MEDICAL DRIVE in Pottstown, Pennsylvania (19464), is a credit union with a mission to foster savings among its 65,417 members. By offering an opportunity to accumulate savings, Diamond Credit Union aims to create a reliable source of credit for its members at reasonable rates. The purpose of this credit union is to promote thrift and improve the economic and social conditions of its members by enabling them to control their own money democratically. With a workforce of 221 employees, Diamond Credit Union operates with the goal of providing essential financial services to its members in a cooperative and member-focused manner.
Official website here: www.diamondcu.org
Is Diamond Credit Union legitimate?
Diamond Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Diamond 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,989,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,569,068
For more financial information, click here
Official website here: www.diamondcu.org
What is the mission statement of Diamond Credit Union?
Diamond Credit Union is established to encourage savings among its 65,000 members. By providing them with the opportunity to save, the credit union aims to create a reliable source of credit for members' provident or productive needs. The cooperative organization is incorporated to help members manage their money democratically, ultimately enhancing their economic and social conditions. Diamond Credit Union's primary objective is to promote thrift and offer affordable credit options, giving its members the power to control their finances. The credit union's purpose is to improve members' financial well-being through responsible savings and accessible credit.
Official website here: www.diamondcu.org
Who is the CEO of Diamond Credit Union?
Rick Patel is the President/Ceo of Diamond Credit Union. The CEO's salary of Diamond Credit Union is $480,035 and their total compensation is $501,781.
Official website here: www.diamondcu.org
What is the revenue of Diamond Credit Union?
Who are the executives of Diamond Credit Union and what are their salaries?
The average compensation at Diamond Credit Union during 2022 was $65,876. There are 221 employees and 9 volunteers at Diamond Credit Union.
Here are 16 key members and their salaries (Diamond Credit Union's CEO's salary is $480,035 and their total compensation is $501,781):
- John Faust (President/Ceo)
- Lori Levengood (Sr Vp/Clo)
- Todd Rothenberger (Sr Vp/Chief Marketing Offi)
- Rick Patel (President/Ceo)
- Adam Hartzell (Financial Advisor)
- James Daly Iii (Vp/Cio)
- Barbara Mitchell (Vp/Cfo)
- Patrick M Austin (Chairman) [Trustee/Director]
- Eugene F Carter Jr (Vice Chairman) [Trustee/Director]
- Gary W Yost (Treasurer) [Trustee/Director]
- Marcia J Levengood (Secretary) [Trustee/Director]
- Robert Tomascik (Board Member) [Trustee/Director]
- Clark D Caughey (Board Member) [Trustee/Director]
- Sandi M Chieffo (Board Member) [Trustee/Director]
- David L Lekites (Board Member) [Trustee/Director]
- Mark V Wallace (Board Member) [Trustee/Director]
Official website here: www.diamondcu.org
Where can I find the form 990 for Diamond Credit Union?
The Diamond Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.diamondcu.org
Learn more at the official website: www.diamondcu.org
Mission Statement of Diamond Credit Union
Diamond Credit Union is a cooperative savings and credit association, established with the mission to foster thrift among its 65,417 members. By providing them an opportunity to accumulate their savings, the credit union aims to create a reliable source of credit for members at reasonable rates, suitable for provident or productive purposes. The organization's democratic structure empowers its members to use and control their own money, thereby improving their economic and social conditions. The primary objective of Diamond Credit Union is to promote thrift, an essential financial practice, among its members and create a sustainable financial ecosystem. In doing so, it offers an accessible and affordable source of credit, enabling members to achieve their financial goals and build a better future.
Impact
This information is meant to be a general summary of Diamond Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Diamond Credit Union's impact is instrumental in promoting thrift among its members by providing them opportunities to accumulate savings and access credit for provident or productive purposes. By serving over 65,000 members in Pottstown, PA, this cooperative savings and credit association plays a crucial role in offering affordable rates of interest and empowering individuals to manage their finances democratically. Additionally, Diamond Credit Union contributes to improving the economic and social conditions of its members, embodying its mission to enhance financial well-being and promote stability in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$24,578,009
FEE INCOME
Revenue
$8,210,155
Organization Details
Founding Year
1947
Phone
(800) 593-1000
Principal Officer
Rick Patel
Main Address
1600 MEDICAL DRIVE, POTTSTOWN, PA, 19464
Website
www.diamondcu.org
NTEE Category
Code: J40 - Employment
If you are a representative of Diamond 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.