Overview
What is Midwest Coalition Of Labor Credit Union?
Midwest Coalition Of Labor Credit Union is a state-chartered credit union, headquartered in Countryside, Illinois. Operating under Illinois' jurisdiction, this credit union is dedicated to serving its members' financial needs. The primary function of the credit union involves offering and managing loans, with a total of 3,471 loans outstanding as of December 31, 2022, amounting to $48,451,809. The credit union operates on a mutual basis, ensuring that its members benefit from its services. With a modest workforce of nine employees, Midwest Coalition Of Labor Credit Union continues to cater to its members' financial needs.
Official website here: www.mclcu.org
Is Midwest Coalition Of Labor Credit Union legitimate?
Midwest Coalition Of Labor Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midwest Coalition Of Labor 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: $199,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,309
For more financial information, click here
Official website here: www.mclcu.org
What is the mission statement of Midwest Coalition Of Labor Credit Union?
The Midwest Coalition Of Labor Credit Union, being an Illinois state-chartered institution, operates with the primary objective of serving its members for their mutual benefit. Its mission is centered around providing loan services to its members. As of December 31, 2022, the credit union had 3,471 outstanding loans amounting to $48,451,809. While the information does not provide specific details about the goals beyond these services, it can be inferred that the credit union aims to support its members financially through these loan services.
Official website here: www.mclcu.org
What is the revenue of Midwest Coalition Of Labor Credit Union?
Midwest Coalition Of Labor Credit Union's revenue in 2023 was $3,808,388.
Official website here: www.mclcu.org
Who are the executives of Midwest Coalition Of Labor Credit Union and what are their salaries?
The average compensation at Midwest Coalition Of Labor Credit Union during 2023 was $53,650. There are 13 employees and 9 volunteers at Midwest Coalition Of Labor Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $123,538
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- Other: $75,597
Official website here: www.mclcu.org
Where can I find the form 990 for Midwest Coalition Of Labor Credit Union?
Midwest Coalition Of Labor Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mclcu.org
Learn more at the official website: www.mclcu.org
Mission Statement of Midwest Coalition Of Labor Credit Union
Midwest Coalition Of Labor Credit Union, as a state-chartered credit union, operates with the primary objective of benefiting its members. Its mission is centered around providing financial services, specifically in the form of loans, for the betterment of its member base. As of December 31, 2022, the credit union had extended 3,471 loans, totaling an impressive $48,451,809. This data underscores the credit union's commitment to supporting its members financially. The Midwest Coalition Of Labor Credit Union's activities are guided by this mission, aiming to create a mutually beneficial relationship between the credit union and its members.
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Impact
October, 2024
The Midwest Coalition Of Labor Credit Union plays a significant role in supporting its members financially and fostering community well-being. With a focus on mutual benefit, this Illinois state-chartered credit union provides essential loan services to its members. As of December 31, 2022, it had a total of 3,471 outstanding loans amounting to $48,451,809, illustrating its commitment to addressing the financial needs of its community. By offering accessible loans, it empowers individuals and families, enabling them to pursue their goals and manage financial challenges effectively. This credit union enhances the economic stability of its members, contributing to a stronger local economy and a sense of solidarity among the labor community in Countryside, Illinois.
This information is meant to be a general summary of Midwest Coalition Of Labor 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 2023.
- Investment Income: $521,324
- Program Service Revenue: $3,287,064
- Gross Receipts: $3,808,388
Assets and Liabilities:
- Total Assets: $73,344,318
- Total Liabilities: $65,476,604
- Net Assets: $7,867,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan interest
Revenue
$2,601,358
Fees and income
Revenue
$685,706
Organization Details
Founding Year
1974
Principal Officer
Casey Martin
Website
www.mclcu.orgNTEE Category
Code: W60 - Public benefit
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