Indiana Credit Union League Inc

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

EIN: 350408785 ✦ Indianapolis, IN ✦ Designated as a 501(c)(6)

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Overview

What is Indiana Credit Union League Inc?

Indiana Credit Union League Inc, located in Indianapolis, Indiana, serves as a supportive organization for credit unions. With a team of 11 dedicated individuals, they offer educational seminars and conferences on various topics, including financial planning and management, to enhance the services and management capabilities of their member credit unions. Their mission is twofold: promoting the credit union movement and providing essential services to these member institutions. Their primary activity involves offering assistance and resources to strengthen and grow credit unions across the state.


Official website here: www.icul.org

Is Indiana Credit Union League Inc legitimate?

Indiana Credit Union League Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Credit Union League Inc 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: $922,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $678,819

For more financial information, click here


Official website here: www.icul.org

What is the mission statement of Indiana Credit Union League Inc?

The Indiana Credit Union League Inc is committed to promoting the credit union movement and providing services to its member credit unions. In line with this mission, the organization offers educational seminars and conferences on financial planning, management, and other relevant topics. The primary goal is to enhance the services and management of member credit unions. By doing so, the Indiana Credit Union League Inc aims to contribute positively to the overall growth and success of the credit union industry.


Official website here: www.icul.org

Who is the CEO of Indiana Credit Union League Inc?

Trish Mccormick is the President/Ceo of Indiana Credit Union League Inc. The CEO's salary of Indiana Credit Union League Inc is $642,090 and their total compensation is $680,991.


Official website here: www.icul.org

What is the revenue of Indiana Credit Union League Inc?

Indiana Credit Union League Inc's revenue in 2022 was $2,838,757.


Official website here: www.icul.org

Who are the executives of Indiana Credit Union League Inc and what are their salaries?

The average compensation at Indiana Credit Union League Inc during 2022 was $145,603. There are 11 employees and 100 volunteers at Indiana Credit Union League Inc.


Here are 16 key members and their salaries (Indiana Credit Union League Inc's CEO's salary is $642,090 and their total compensation is $680,991):


John Mckenzie (President/Ceo)
  • Compensation: $642,090
  • Related: $0
  • Other: $38,901
Chris Beaumont (Evp League Services & Advocacy)
  • Compensation: $202,114
  • Related: $0
  • Other: $39,704
Trish Mccormick (Svp/Cfo)
  • Compensation: $0
  • Related: $192,275
  • Other: $28,466
Dave Hawkins (Vp League & Reg. Analysis)
  • Compensation: $144,085
  • Related: $0
  • Other: $24,173
Tim Pierce (Avp Consulting & Education)
  • Compensation: $116,125
  • Related: $0
  • Other: $31,661
Kay Neidlinger (Vp-Communicaitons)
  • Compensation: $112,396
  • Related: $0
  • Other: $11,746
Cari Palmer (Board Secretary (Beg 10/14/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Sink (Board Treasurer (Beg 10/14/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Price (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Abernathy (Chairman (End 10/14/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Banning (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Madry (Chairwoman (Beg 10/14/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Sparks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Rinker (Board Member (Beg 10/14/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Baker (Vice Chairman (Beg 10/14/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Mattingly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.icul.org

Where can I find the form 990 for Indiana Credit Union League Inc?

Indiana Credit Union League Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.icul.org

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

Mission Statement of Indiana Credit Union League Inc

Indiana Credit Union League Inc, as a mission-driven organization, is committed to promoting and serving its member credit unions. Their primary goal is to foster the credit union movement, offering essential services to these financial institutions. One of the ways they accomplish this is by providing educational seminars and conferences on various topics, such as financial planning and management. These events aim to enhance the services and management capabilities of member credit unions, ultimately benefiting their members. By doing so, Indiana Credit Union League Inc contributes to the growth and success of the credit union sector, thereby strengthening the financial well-being of its community.

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Impact




October, 2024

Indiana Credit Union League Inc significantly impacts the financial landscape of its member credit unions by providing essential services and training aimed at enhancing their operations and member offerings. Through a variety of educational seminars and conferences focused on financial planning, management, and other crucial topics, the League equips credit unions with the knowledge and tools necessary to improve their services and governance.

Located in Indianapolis, the League is dedicated to promoting the credit union movement, fostering community improvement, and ensuring that credit unions can effectively meet the needs of their members. By enhancing the skills and capabilities of credit union staff and management, the League contributes to stronger, more resilient financial institutions that ultimately benefit communities throughout Indiana. This focus on education and support helps credit unions navigate the complexities of the financial sector, ensuring they remain vital resources for their members.




This information is meant to be a general summary of Indiana Credit Union League Inc. 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
$2,838,757 (2022)
Expenses
$3,183,183 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $259,068
  • Program Service Revenue: $827,316
  • Gross Receipts: $2,838,757

Assets and Liabilities:

  • Total Assets: $10,589,237
  • Total Liabilities: $1,230,721
  • Net Assets: $9,358,516

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Programs

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

CREDIT UNION TRAINING

Revenue

$115,065

CONVENTION REVENUE

Revenue

$433,358

CREDIT UNION FEES

Revenue

$127,243

MANAGEMENT FEE

Revenue

$151,650

Organization Details

Founding Year

1935

Principal Officer

Trish Mccormick

Main Address

5975 CASTLE CREEK PKWY N DR S200, INDIANAPOLIS, IN, 46250

NTEE Category

Code: S40 - Community improvement

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