City & County Credit Union

Overview

City & County Credit Union (CCCU) is a nonprofit financial cooperative, founded in 1928, located in Saint Paul, Minnesota. It operates as a state-chartered credit union dedicated to providing affordable financial services to its members. With a commitment to fostering financial stability, CCCU serves a diverse membership by accepting savings and lending funds for various purposes.

Mission Statement

The mission of City & County Credit Union is to empower its members to achieve their financial goals by offering accessible financial services and education. The organization emphasizes a member-centric approach, ensuring that individuals receive personalized support tailored to their financial needs. Through their services, CCCU aims to improve the financial wellbeing of its community members.

Services and Offerings

City & County Credit Union primarily engages in traditional credit union activities, which include:

• Lending: The credit union has provided approximately $228 million in loans to over 12,500 members, addressing needs such as personal loans, home improvements, and educational funding.

• Savings: CCCU encourages members to save by offering competitive interest rates on savings accounts, fostering a culture of financial prudence.

• Financial Education: The organization collaborates with various partners to offer financial education programs, helping members understand budgeting, debt management, and investment strategies.

Community Impact

In addition to its financial services, CCCU is dedicated to giving back to the local community. This commitment is reflected in its involvement in:

• Sponsorships: The credit union sponsors local events and organizations, focusing on youth empowerment, financial education, and community wellness.

• Volunteerism: Employees participate in volunteer opportunities, supporting various charitable organizations and community initiatives.

• Grants and Donations: CCCU provides financial support to nonprofits that align with its mission and values, particularly organizations that serve its membership area.

Financial Information

As a 501(c)(14) nonprofit entity, City & County Credit Union adheres to regulatory requirements, including the submission of Form 990, a tax form used by tax-exempt organizations in the U.S. The organization primarily generates revenue through its lending activities, which accounted for a significant portion of its income, alongside investment income and service fees.

Governance

The governance of City & County Credit Union is led by a board of directors that includes representatives from its member base. This structure ensures that the credit union remains accountable to its members and operates with transparency.

Conclusion

City & County Credit Union stands as a vital financial resource for its members in the Saint Paul area, combining traditional banking services with a strong commitment to community impact and member education. By prioritizing affordability and accessibility, CCCU continues to foster financial security and empowerment among the communities it serves.