Overview
What is Tech Credit Union?
Tech Credit Union is a cooperative financial institution located at 10110 Randolph Street, Crown Point, Indiana, with approximately 39,749 members. Their mission is to foster savings and offer affordable loans to members, working together for their mutual financial benefit. The credit union operates with a team of 187 employees, dedicated to helping members achieve long-term financial success.
Official website here: www.techcu.org
Is Tech Credit Union legitimate?
Tech Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tech 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: $746,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,141,557
For more financial information, click here
Official website here: www.techcu.org
What is the mission statement of Tech Credit Union?
Tech Credit Union is committed to encouraging savings among its members and offering them affordable loans with reasonable interest rates. This cooperative endeavor aims to help members achieve financial success throughout their lifetimes. By maintaining savings accounts and providing loans on a cooperative basis, the credit union benefits its members collectively. The institution had approximately 39,749 members at the end of the year.
Official website here: www.techcu.org
Who is the CEO of Tech Credit Union?
Eugene R Novello is the Chairperson of Tech Credit Union. The CEO's salary of Tech Credit Union is $297,006 and their total compensation is $337,480.
Official website here: www.techcu.org
What is the revenue of Tech Credit Union?
Tech Credit Union's revenue in 2022 was $23,189,269.
Official website here: www.techcu.org
Who are the executives of Tech Credit Union and what are their salaries?
The average compensation at Tech Credit Union during 2022 was $42,182. There are 187 employees at Tech Credit Union.
Here are 17 key members and their salaries (Tech Credit Union's CEO's salary is $297,006 and their total compensation is $337,480):
- Compensation: $6,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $297,006
- Related: $0
- Other: $40,474
- Compensation: $121,849
- Related: $0
- Other: $23,374
- Compensation: $176,324
- Related: $0
- Other: $44,985
- Compensation: $176,695
- Related: $0
- Other: $17,669
- Compensation: $128,547
- Related: $0
- Other: $23,988
- Compensation: $101,983
- Related: $0
- Other: $40,973
- Compensation: $122,196
- Related: $0
- Other: $42,764
- Compensation: $113,423
- Related: $0
- Other: $22,428
Official website here: www.techcu.org
Where can I find the form 990 for Tech Credit Union?
Tech Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.techcu.org
Learn more at the official website: www.techcu.org
Mission Statement of Tech Credit Union
Tech Credit Union, with its mission to promote thrift and provide affordable loans to its members, operates on a cooperative basis for the mutual benefit of its community. The credit union aims to help its members achieve financial success throughout their lifetimes by offering savings accounts and granting loans at reasonable interest rates. By encouraging members to save, Tech Credit Union fosters a culture of fiscal responsibility and long-term financial wellbeing. With approximately 39,749 members at the end of the year, the credit union's impact extends beyond individual financial growth, creating a stronger and more financially secure community.
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Impact
October, 2024
Tech Credit Union significantly impacts its community by promoting thrift and providing access to low-cost loans for its members. With a membership base of approximately 39,749 individuals, the organization operates on a cooperative model, ensuring that the benefits of financial services are distributed among its members. By maintaining savings accounts, Tech Credit Union encourages responsible saving practices, helping members build their financial future.
In addition, it offers loans at low costs and reasonable interest rates, enabling members to meet their financial needs without the burden of excessive debt. Through its commitment to supporting the financial well-being of its members, Tech Credit Union fosters a culture of economic empowerment that strives to facilitate a lifetime of financial success for everyone within its community.
This information is meant to be a general summary of Tech 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: $258,083
- Program Service Revenue: $22,632,975
- Gross Receipts: $23,208,510
Assets and Liabilities:
- Total Assets: $536,572,543
- Total Liabilities: $495,053,216
- Net Assets: $41,519,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$17,295,581
FEES AND CHARGES
Revenue
$5,337,394
Organization Details
Founding Year
1936
Phone
(219) 663-5120Principal Officer
Eugene R Novello
Main Address
10110 RANDOLPH STREET, CROWN POINT, IN, 463071727
Website
www.techcu.orgNTEE Category
Code: W61 - Public benefit
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