944 Pillar Credit Union

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

EIN: 310646159 ✦ Marion, OH ✦ Designated as a 501(c)(14)

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Overview

What is 944 Pillar Credit Union?

944 Pillar Credit Union is a nonprofit financial institution located at 300 Barks Road East, Marion, Ohio 43302. They serve approximately 9,536 members, offering financial services and education to qualified individuals. Their mission is to provide competitive lending, savings, and educational opportunities to their members, prioritizing exceptional service that acknowledges the members' role as owners. They manage around 15,000 accounts and employ a team of 33 people.


Official website here: www.pillarcu.com

Is 944 Pillar Credit Union legitimate?

944 Pillar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 944 Pillar 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: $167,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $843,026

For more financial information, click here


Official website here: www.pillarcu.com

What is the mission statement of 944 Pillar Credit Union?

The 944 Pillar Credit Union is committed to providing financial services and education to eligible members. Their mission is to offer competitive lending, savings, and other financial solutions, providing terms generally better than those available in the market. They operate with a service-oriented emphasis, recognizing their members as owners. The credit union distributes dividends and interest to its members on approximately 15,000 accounts held by over 9,500 members.


Official website here: www.pillarcu.com

Who is the CEO of 944 Pillar Credit Union?

Vidya Iyengar is the Ceo of 944 Pillar Credit Union. The CEO's salary of 944 Pillar Credit Union is $167,335 and their total compensation is $170,479.


Official website here: www.pillarcu.com

What is the revenue of 944 Pillar Credit Union?

944 Pillar Credit Union's revenue in 2022 was $4,184,927.


Official website here: www.pillarcu.com

Who are the executives of 944 Pillar Credit Union and what are their salaries?

The average compensation at 944 Pillar Credit Union during 2022 was $30,617. There are 33 employees and 7 volunteers at 944 Pillar Credit Union.


Here are 8 key members and their salaries (944 Pillar Credit Union's CEO's salary is $167,335 and their total compensation is $170,479):


Vidya Iyengar (Ceo)
  • Compensation: $167,335
  • Related: $0
  • Other: $3,144
Thomas M Veith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan W Cook (Director - Vicechair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel R Dreher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Willauer (Director - Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Mault (Director - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy J Schifer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Kelloog (Director - Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pillarcu.com

Where can I find the form 990 for 944 Pillar Credit Union?

944 Pillar Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pillarcu.com

Learn more at the official website: www.pillarcu.com

Mission Statement of 944 Pillar Credit Union

944 Pillar Credit Union, in its mission, aims to offer financial services and education to eligible members. The primary objective is to provide competitive lending, savings, and various financial solutions, all at terms superior to those typically available in the market. This is done with a service-oriented approach that recognizes the members' role as the credit union's owners. The institution's operations result in the distribution of dividends and interest on approximately 15,000 accounts belonging to 9,536 members.

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Impact




October, 2024

944 Pillar Credit Union significantly impacts its community by offering financial services and education that empower its qualified members. With approximately 15,000 accounts held by nearly 9,536 members, the credit union distributes dividends and interest, enhancing the financial well-being of its members.

Focused on providing lending, savings, and educational resources, 944 Pillar Credit Union operates with terms typically more favorable than those found in the marketplace. This commitment to superior service underscores their recognition of members as owners. By prioritizing member service and financial literacy, the credit union fosters a supportive environment that contributes to the overall economic stability and growth of the Marion, Ohio community.




This information is meant to be a general summary of 944 Pillar 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.

Revenue
$4,184,927 (2022)
Expenses
$3,094,299 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $583,270
  • Program Service Revenue: $3,601,657
  • Gross Receipts: $4,934,927

Assets and Liabilities:

  • Total Assets: $96,818,260
  • Total Liabilities: $88,451,580
  • Net Assets: $8,366,680

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Programs

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

Loan Income

Revenue

$2,547,234

Fee Income

Revenue

$1,054,423

Organization Details

Founding Year

1960

Principal Officer

Vidya Iyengar

Main Address

300 BARKS ROAD EAST, MARION, OH, 43302

NTEE Category

Code: W60 - Public benefit

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