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National Installment Lenders Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263881154 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is National Installment Lenders Association?

The National Installment Lenders Association is a nonprofit organization based in Washington D.C., specifically at PO Box 65615. Their primary mission is to advocate for the installment loan industry, ensuring that both companies and customers have a voice in Washington D.C., particularly in relation to legislation that impacts this sector. They strive to influence policies affecting the installment loan industry, its customers, and employees, with the aim of promoting the overall advancement of the consumer credit industry.


Official website here: www.nilaonline.org

Is National Installment Lenders Association legitimate?

National Installment Lenders Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Installment Lenders Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nilaonline.org

What is the mission statement of National Installment Lenders Association?

The National Installment Lenders Association's mission is centered around ensuring a voice for installment loan companies, their customers, and employees in Washington D.C., particularly in relation to legislation impacting the industry, consumers, and workforce. Their primary objective is to promote the advancement of the consumer credit industry as a whole. In essence, they aim to act as a representative body, advocating on behalf of the installment loan sector, its customers, and employees in the formulation of relevant legislation.


Official website here: www.nilaonline.org

Who is the CEO of National Installment Lenders Association?

Rochelle Mcclanahan is the Director of National Installment Lenders Association.


Official website here: www.nilaonline.org

What is the revenue of National Installment Lenders Association?

National Installment Lenders Association's revenue in 2022 was $355,000.


Official website here: www.nilaonline.org

Who are the executives of National Installment Lenders Association and what are their salaries?


Here are 5 key members and their salaries:


Brad Noel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rochelle Mcclanahan (President/Secretary/Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Hudgins (Nila Pac Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Macon (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vic Barr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nilaonline.org

Where can I find the form 990 for National Installment Lenders Association?

National Installment Lenders Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nilaonline.org

Learn more at the official website: www.nilaonline.org

Mission Statement of National Installment Lenders Association

The National Installment Lenders Association, a prominent organization, is dedicated to ensuring that installment loan companies, their customers, and employees have a significant influence in Washington D.C., particularly in relation to legislation that impacts the installment loan industry. Their mission is to act as a platform for these stakeholders, giving them a voice that can shape policies affecting them. The association works tirelessly to promote the overall growth of the consumer credit industry, thereby contributing to its advancement.

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Impact




October, 2024

The National Installment Lenders Association plays a crucial role in representing the interests of installment loan companies and their customers in Washington, D.C. By advocating for legislation that impacts the installment loan industry, the Association ensures that both businesses and consumers have a voice in the regulatory landscape. This influence is vital not only for protecting the rights and interests of lenders and borrowers but also for promoting the overall advancement of the consumer credit industry. Through its efforts, the Association contributes to a more balanced approach to consumer finance, facilitating discussions that shape public policy and improve the financial services sector.




This information is meant to be a general summary of National Installment Lenders Association. 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.

Revenue
$355,000 (2022)
Expenses
$505,658 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $355,000
  • Gross Receipts: $355,000

Assets and Liabilities:

  • Total Assets: $112,636
  • Total Liabilities: $0
  • Net Assets: $112,636

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$355,000

Organization Details

Founding Year

2008

Principal Officer

Rochelle Mcclanahan

Main Address

PO BOX 65615, WASHINGTON, DC, 20035

NTEE Category

Code: P03 - Human services

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