Indianapolis Post Office Credit Un

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

EIN: 350413605 ✦ Indianapolis, IN ✦ Designated as a 501(c)(14)

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Overview

What is Indianapolis Post Office Credit Un?

Indianapolis Post Office Credit Un is a cooperative financial institution, serving as a vital resource for government employees and their families. With over 47 million shared funds among its members, and offering loans totaling nearly 10 million, this nonprofit organization provides financial services specifically tailored to this demographic. Its mission is centered around offering cooperative financial solutions, aiming to enhance the financial well-being of its members within the government sector and their families.


Official website here: www.ipocu.org

Is Indianapolis Post Office Credit Un legitimate?

Indianapolis Post Office Credit Un is a legitimate nonprofit organization registered as a 501(c)(14) entity. Indianapolis Post Office Credit Un 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: $346,051
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,210

For more financial information, click here


Official website here: www.ipocu.org

What is the mission statement of Indianapolis Post Office Credit Un?

The Indianapolis Post Office Credit Union serves as a cooperative financial institution, primarily catering to government employees and their families. Its mission is to provide financial services, as evidenced by its offerings of member shares totaling 47,048,485 and loans to members amounting to 9,794,480. This financial institution aims to support the financial needs of its members within this specific demographic.


Official website here: www.ipocu.org

Who is the CEO of Indianapolis Post Office Credit Un?

Unavailable


Official website here: www.ipocu.org

What is the revenue of Indianapolis Post Office Credit Un?

Indianapolis Post Office Credit Un's revenue in 2022 was $1,254,284.


Official website here: www.ipocu.org

Who are the executives of Indianapolis Post Office Credit Un and what are their salaries?

The average compensation at Indianapolis Post Office Credit Un during 2022 was $85,044. There are 6 employees and 11 volunteers at Indianapolis Post Office Credit Un.


Here are 10 key members and their salaries:


Lisa M Tucker (President/Ce)
  • Compensation: $174,991
  • Related: $0
  • Other: $0
Ollie Brown (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
David W Sherfield (Suprvisory C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruby P Martin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark D Schofiled (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Bankhead (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wagner (Suprv Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reggie Marshall (Chair Cr Com)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara J Simmerman (Cr Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamra K Abplanalp (Cr Comm)
  • Compensation: $77,231
  • Related: $0
  • Other: $0


Official website here: www.ipocu.org

Where can I find the form 990 for Indianapolis Post Office Credit Un?

Indianapolis Post Office Credit Un's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ipocu.org

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

Mission Statement of Indianapolis Post Office Credit Un

Indianapolis Post Office Credit Un, as a cooperative financial institution, is dedicated to serving government employees and their families. Its mission is to provide financial services in a cooperative manner, fostering a sense of community and mutual support among its members. The credit union offers a range of financial programs, with over 47 million shares owned by its members and over 9.79 million dollars in loans provided to its members. By offering these financial services, Indianapolis Post Office Credit Un aims to support the financial well-being of its members, providing them with the resources they need to manage their finances effectively.

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Impact




October, 2024

Indianapolis Post Office Credit Union provides essential financial services tailored specifically for government employees and their families in Indianapolis. By offering cooperative financial institution services, it plays a significant role in promoting financial well-being and stability within this community.

With member shares totaling approximately $47 million, the Credit Union fosters a sense of community ownership and financial security among its members. Additionally, the availability of loans, amounting to nearly $10 million, empowers members to access funds for various needs, such as home purchases, education, and unexpected expenses. This accessibility to credit can significantly enhance the quality of life for employees and their families, enabling them to make vital investments in their futures.

Overall, the Indianapolis Post Office Credit Union contributes to the economic resilience of government employees by providing them with financial resources and support tailored to their unique circumstances. Its commitment to member service and financial empowerment has a lasting impact on the stability and prosperity of the local community.




This information is meant to be a general summary of Indianapolis Post Office Credit Un. 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
$1,254,284 (2022)
Expenses
$1,229,264 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $651,359
  • Program Service Revenue: $435,903
  • Gross Receipts: $1,254,284

Assets and Liabilities:

  • Total Assets: $56,800,790
  • Total Liabilities: $49,663
  • Net Assets: $56,751,127

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Programs

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

INT ON MEMBERS LOANS

Revenue

$435,903

Organization Details

Founding Year

1925

Main Address

125 W SOUTH ST ROOM 101 B, INDIANAPOLIS, IN, 46206

NTEE Category

Code: W60 - Public benefit

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