138 Towpath Credit Union Inc
Public records raise at least one point you should look into before giving.
What it says it does
Towpath Credit Union proudly serves its qualified members with secure, competitive financial products and services that strengthen our community. Mission Statement - Towpath Credit Union's mission is to pave pathways to modern financials opportunities that uplift the community.
- Income
- $13.6 million
- Spending
- $12.6 million
- Employees
- 87
- Volunteers
- 7
- Highest pay
- $189,684, president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- Member Loans - Towpath Credit Union is committed to providing members with financial flexibility and stability through a variety of loan options. These include automobile loans, share-secured loans, unsecured loans, business participation loans, mortgage loans, real estate loans, personal loans, credit cards, and several other lending products designed to meet diverse financial needs. At year-end, the Credit Union had approximately 13,782 loans outstanding.
- Depository Accounts - Towpath Credit Union is dedicated to providing members with financial flexibility while encouraging savings through a variety of depository account options. These include checking accounts, savings accounts, money market accounts, share certificates, IRA accounts, holiday accounts, and several other account types designed to support members' financial goals. At year-end, the Credit Union maintained approximately 45,100 depository accounts.
- Debit Card Program - Towpath Credit Union is committed to providing members with financial flexibility, security, and convenient access to their funds through its debit card program. This service allows members to easily access their accounts, make purchases, and manage their finances with confidence and ease.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1969.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.