Montana Credit Unions League
Sharing the #CUDifference across Montana through financial education and stories of community action Sharing the #CUDifference across Montana through financial education and stories of community action TO FOSTER THE VITALITY OF AFFILIATED CREDIT UNIONS BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE THEIR ABILITY TO SUCCESSFULLY MEET THE MEMBERS NEEDS.
Montana Credit Unions League
Overview
The Montana Credit Unions League is a nonprofit organization designated under Section 501(c)(6) of the U.S. Internal Revenue Code as a business league. It is designed to improve business conditions, specifically within the credit union community in Montana.
Mission and Services
The League provides dues-supported services aimed at protecting, advocating for, and informing its member credit unions. It works to promote and enhance a thriving credit union community across Montana. Additionally, the League offers quality business services through the League Service Group, which supports Montana's credit unions.
Affiliate Programs
The Montana Credit Union League is associated with several entities that support its mission:
- Montana Credit Unions for Community Development: Implements programs through credit unions to improve the social and economic well-being of Montanans.
- Montana Credit Union Group Benefit Trust: Provides health insurance, an Employee Assistance Program (EAP), the Healthy You Wellness Program, and other insurance products to member credit unions.
Financial Operations
As a nonprofit organization, the Montana Credit Unions League derives its revenue primarily from program services, which account for approximately 96-97% of its total revenue. The organization also generates some income from investments. In recent years, executive compensation has represented around 17-22% of its total expenses, with other salaries and wages making up approximately 29-30% of expenses.
Political Involvement
The Montana Credit Unions League has a history of political involvement, with contributions to various political entities over the years. These contributions reflect the organization's efforts to advocate for policies benefiting the credit union sector.
Governance and Leadership
The League is governed by a board of directors and key employees, including a CEO and other senior officers who oversee its operations and strategic direction. Leadership has included CEOs such as Tracie Kenyon and Gerry Singleton, among others.
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1955
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Helena
Community - Montana's Credit Union Credit Union Philosophy More than just a place to keep your checking and savings accounts credit unions are valuable resources for any community. Financial Wellness If you want to plan for your future but dont know where to start we can help. Check out our tools to help you achieve your financialgoals. Join a Credit Union Want to join a credit union.
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How can credit unions in Montana better collaborate with local schools to enhance financial literacy among students?
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What innovative programs or success stories have credit unions implemented in Montana to promote financial wellness within their communities?
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