Overview
What is Indiana University Credit Union?
Indiana University Credit Union is a Bloomington, Indiana-based financial institution that operates as a state-chartered credit union. This nonprofit organization, with a workforce of 236 employees, offers credit union programs and activities, which are exempt under section 501(c)(14). The credit union's mission focuses on providing financial services to its members within the state.
Official website here: www.iucu.org
Is Indiana University Credit Union legitimate?
Indiana University Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Indiana University 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: $2,679,482
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,947,234
For more financial information, click here
Official website here: www.iucu.org
What is the mission statement of Indiana University Credit Union?
Indiana University Credit Union is a state-chartered financial institution with a mission focused on credit union programs. Exempt under section 501(c)(14), all their activities adhere to the credit union model. Their primary objective is to provide financial services and resources to their membership. By offering various credit union programs, they aim to foster financial well-being and promote economic opportunities for their members. Their activities are designed to enhance the financial lives of their community, embodying the cooperative spirit of credit unions.
Official website here: www.iucu.org
Who is the CEO of Indiana University Credit Union?
Bryan W Price is the CEO of Indiana University Credit Union The CEO's salary of Indiana University Credit Union is $744,849 and their total compensation is $824,550.
Official website here: www.iucu.org
What is the revenue of Indiana University Credit Union?
Indiana University Credit Union's revenue in 2023 was $74,827,152.
Official website here: www.iucu.org
Who are the executives of Indiana University Credit Union and what are their salaries?
The average compensation at Indiana University Credit Union during 2023 was $61,200. There are 239 employees and 16 volunteers at Indiana University Credit Union.
Here are 23 key members and their salaries (Indiana University Credit Union's CEO's salary is $744,849 and their total compensation is $824,550):
- Compensation: $744,849
- Related: $0
- Other: $79,701
- Compensation: $309,757
- Related: $0
- Other: $64,388
- Compensation: $278,133
- Related: $0
- Other: $61,476
- Compensation: $284,116
- Related: $0
- Other: $52,697
- Compensation: $234,361
- Related: $0
- Other: $56,752
- Compensation: $214,852
- Related: $0
- Other: $43,093
- Compensation: $212,757
- Related: $0
- Other: $35,118
- Compensation: $159,013
- Related: $0
- Other: $49,577
- Compensation: $155,541
- Related: $0
- Other: $37,595
- Compensation: $141,648
- Related: $0
- Other: $38,539
- Compensation: $140,262
- Related: $0
- Other: $38,379
- Compensation: $167,704
- Related: $0
- Other: $8,094
- Compensation: $1,907
- Related: $0
- Other: $0
- Compensation: $1,686
- Related: $0
- Other: $0
- Compensation: $1,439
- Related: $0
- Other: $0
- Compensation: $1,346
- Related: $0
- Other: $0
- Compensation: $1,054
- 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.iucu.org
Where can I find the form 990 for Indiana University Credit Union?
Indiana University Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iucu.org
Learn more at the official website: www.iucu.org
Mission Statement of Indiana University Credit Union
Indiana University Credit Union, a state-chartered financial institution, is dedicated to providing credit union programs. This nonprofit organization's mission is centered around the activities it undertakes, all of which fall under the exempt category of section 501(c)(14). The Credit Union's primary goal is to facilitate financial services for its members, adhering to the principles of a credit union - not-for-profit, member-owned, and democratically controlled. Indiana University Credit Union's initiatives encompass a broad range of credit union activities, all designed to serve its membership effectively. The Credit Union's commitment to its members extends beyond just offering financial services; it aims to build long-lasting relationships based on trust and mutual support. By focusing on credit union programs, Indiana University Credit Union is able to create a unique financial ecosystem that benefits its members, fostering financial literacy, stability, and growth.
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Impact
October, 2024
Indiana University Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members. As a state-chartered credit union, it offers products such as low-interest loans, savings accounts, and financial education programs, helping members manage their finances effectively and achieve their financial goals.
The credit union plays a vital role in promoting financial literacy and inclusivity, often implementing programs aimed at improving the economic well-being of individuals and families in Bloomington and surrounding areas. By prioritizing community engagement and support, Indiana University Credit Union fosters a sense of belonging and encourages members to participate actively in their financial health.
Additionally, its operations contribute to the local economy, supporting growth and stability through responsible lending practices and community-focused initiatives. Overall, Indiana University Credit Union is dedicated to enhancing the quality of life for its members and the broader community through accessible financial resources and programs.
This information is meant to be a general summary of Indiana University 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 2023.
- Investment Income: $7,898,938
- Program Service Revenue: $66,911,316
- Gross Receipts: $74,827,152
Assets and Liabilities:
- Total Assets: $1,565,475,253
- Total Liabilities: $94,181,845
- Net Assets: $1,471,293,408
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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
$54,437,181
Debit and credit card interchange income
Revenue
$7,044,588
Overdraft and return fee income
Revenue
$2,414,675
Corporate life insurance income
Revenue
$896,653
Account transfer fees
Revenue
$442,620
Organization Details
Founding Year
1956
Principal Officer
Bryan W Price
Website
www.iucu.orgNTEE Category
Code: W60 - Public benefit
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