Overview
What is Emory Alliance Credit Union?
Emory Alliance Credit Union is a prominent non-profit financial cooperative situated in Rantoul, Illinois. Serving over eighteen thousand members annually, the institution offers competitive dividend rates on savings and attracts substantial deposits, totaling over one hundred ninety-three million dollars from its members. The organization's mission is to enhance the financial well-being of its members by providing high-quality, low-cost financial services. Emory Alliance Credit Union accomplishes this mission through various means, including engagement, service, education, outreach, and charitable activities. The cooperative is dedicated to improving the financial lives of its community, demonstrating a strong commitment to its members.
Is Emory Alliance Credit Union legitimate?
Emory Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Emory Alliance 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: $384,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,651,067
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What is the mission statement of Emory Alliance Credit Union?
Emory Alliance Credit Union, serving as a leading non-profit financial cooperative, is committed to providing top-notch, affordable financial services to its members. Its mission is centered around improving the financial well-being of its community through various means, including engagement, service, education, outreach, and charity. The credit union strives to engage with its members actively, offering them high-quality financial solutions at reasonable costs. It also prioritizes education and outreach to help its members make informed financial decisions. Additionally, the credit union is dedicated to acts of charity, contributing to the betterment of its member community. During the year, the credit union served more than eighteen thousand members, offering attractive dividend rates on savings and attracting over one hundred ninety-three million dollars in members' deposits.
Who is the CEO of Emory Alliance Credit Union?
Michelle Zhang is the Chair Board Of Directors of Emory Alliance Credit Union.
What is the revenue of Emory Alliance Credit Union?
Emory Alliance Credit Union's revenue in 2022 was $8,484,479.
Who are the executives of Emory Alliance Credit Union and what are their salaries?
The average compensation at Emory Alliance Credit Union during 2022 was $86,730. There are 35 employees and 15 volunteers at Emory Alliance Credit Union.
Here are 13 key members and their salaries:
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- Compensation: $209,609
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- Other: $28,025
- Compensation: $135,686
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- Other: $11,177
Where can I find the form 990 for Emory Alliance Credit Union?
Emory Alliance Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Emory Alliance Credit Union
Emory Alliance Credit Union, as a leading non-profit financial cooperative, is committed to providing high-quality, affordable financial services to its members. Their mission is centered around improving the financial well-being of their community. They achieve this goal through various means, including engagement, service, education, outreach, and charity. By engaging with their members, Emory Alliance Credit Union strives to build strong relationships and understand their financial needs. Through service, they aim to deliver efficient and effective financial solutions. Education plays a significant role in their mission, as they seek to empower their members with financial literacy and knowledge. Outreach efforts help them reach out to underserved communities, ensuring that everyone has access to financial services. Charity is another aspect of their mission, as they aim to give back to their community and make a positive impact. In summary, Emory Alliance Credit Union is dedicated to improving the financial well-being of its members and community, achieving this through various means of engagement, service, education, outreach, and charity.
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Impact
October, 2024
Emory Alliance Credit Union significantly enhances the financial well-being of its over 18,000 members through high-quality, low-cost financial services. By offering favorable dividend rates on savings, the credit union effectively attracts and manages more than $193 million in member deposits. Its commitment to community engagement, service, education, outreach, and charity promotes financial literacy and stability within the community. Through these initiatives, Emory Alliance Credit Union plays a vital role in empowering its members, fostering economic growth, and creating a supportive financial environment in Rantoul, IL.
This information is meant to be a general summary of Emory Alliance 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: $1,145,798
- Program Service Revenue: $7,338,681
- Gross Receipts: $8,484,479
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM LOANS
Revenue
$5,380,132
SHARE & SHARE DRAFT FE
Revenue
$1,267,953
LOAN FEES
Revenue
$394,293
OTHER SERVICE FEES
Revenue
$296,303
Organization Details
Founding Year
2007
Principal Officer
Michelle Zhang
Main Address
200 E CHAMPAIGN AVE, RANTOUL, IL, 618662930
NTEE Category
Code: W61 - Public benefit
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