Overview
What is Impact Credit Union?
Impact Credit Union is a nonprofit financial institution located in Clyde, Ohio, specifically at 1455 WEST MCPHERSON HIGHWAY. Serving approximately 14,885 members, the credit union offers various financial services such as regular shares, share drafts, money markets, IRAs, and certificates of deposit, with a total value of 32,376. Their mission is centered around supporting their member-owners by making ethical decisions, prioritizing their needs, and providing financial education, quality products, and services. The credit union strives to operate in a responsible manner, acting as a trustworthy guardian of its members' funds.
Official website here: www.impactcu.org
Is Impact Credit Union legitimate?
Impact Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Impact 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: $345,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,316,577
For more financial information, click here
Official website here: www.impactcu.org
What is the mission statement of Impact Credit Union?
Impact Credit Union's mission is focused on assisting its member-owners in managing their financial lives and maintaining a stable credit union. This is achieved by adhering to moral principles, prioritizing member needs, and offering financial education, high-quality products, and services that benefit the members, recognizing the responsibility of safeguarding their funds. The credit union caters to over 14,885 members, providing them with various financial services such as regular shares, share drafts, money markets, IRAs, and certificates of deposit, totaling 32,376.
Official website here: www.impactcu.org
Who is the CEO of Impact Credit Union?
Scott Hicks is the President/Ce of Impact Credit Union.
Official website here: www.impactcu.org
What is the revenue of Impact Credit Union?
Impact Credit Union's revenue in 2022 was $8,485,851.
Official website here: www.impactcu.org
Who are the executives of Impact Credit Union and what are their salaries?
The average compensation at Impact Credit Union during 2022 was $29,577. There are 90 employees and 14 volunteers at Impact Credit Union.
Here are 10 key members and their salaries:
- Compensation: $217,645
- Related: $0
- Other: $193,024
- Compensation: $192,647
- Related: $0
- Other: $26,811
- Compensation: $127,705
- Related: $0
- Other: $67,675
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.impactcu.org
Where can I find the form 990 for Impact Credit Union?
Impact Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactcu.org
Learn more at the official website: www.impactcu.org
Mission Statement of Impact Credit Union
Impact Credit Union, a financial institution dedicated to its member-owners, aims to assist them in managing their finances and maintaining a stable credit union. The organization adheres to a mission that involves making right decisions, prioritizing the needs of its members, and providing high-quality financial products and services that benefit its members, who serve as the stewards of its funds. Impact Credit Union provides a range of financial services, including regular shares, share drafts, money markets, IRAs, and certificates of deposit, totaling 32,376 units, to cater to the financial needs of its 14,885 members. In essence, Impact Credit Union is committed to its members' financial well-being, providing them with the necessary tools to manage their finances effectively and sustainably.
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Impact
October, 2024
Impact Credit Union serves 14,885 members in Clyde, OH, providing essential financial services including regular shares, share drafts, money markets, IRAs, and certificates of deposit, totaling $32,376. Their mission focuses on helping member-owners manage their financial lives effectively while ensuring the stability of the credit union. They prioritize ethical practices, a commitment to members' needs, and the delivery of financial education and quality products. By acting as stewards of their members' money, they foster financial well-being and community support.
This information is meant to be a general summary of Impact 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: $765,835
- Program Service Revenue: $7,546,765
- Gross Receipts: $8,485,851
Assets and Liabilities:
- Total Assets: $185,065,864
- Total Liabilities: $170,297,903
- Net Assets: $14,767,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$4,778,601
OTHER INCOME
Revenue
$1,376,699
FEE INCOME
Revenue
$890,341
FINANCIAL PLANNING INCOME
Revenue
$426,197
INSURANCE COMPANY INCOME
Revenue
$47,917
Organization Details
Founding Year
1937
Phone
(419) 547-7781Principal Officer
Scott Hicks
Main Address
1455 WEST MCPHERSON HIGHWAY, CLYDE, OH, 43410
Website
www.impactcu.orgNTEE Category
Code: W60 - Public benefit
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