Overview
What is Indiana Members Credit Union?
Indiana Members Credit Union is a state-chartered financial institution based in Indianapolis, Indiana. The credit union provides essential financial services, including accepting deposits and granting loans, for individuals who might not have access to other banking options. Beyond this, the credit union invests surplus funds on behalf of its members and distributes profits as dividends. The primary goal is to offer financial accessibility and profit-sharing opportunities to its community.
Official website here: www.imcu.org
Is Indiana Members Credit Union legitimate?
Indiana Members Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Indiana Members 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: $6,241,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,112,993
For more financial information, click here
Official website here: www.imcu.org
What is the mission statement of Indiana Members Credit Union?
Indiana Members Credit Union functions as a state-chartered financial institution, providing access to banking services for individuals who may not have the opportunity to use other financial institutions. The credit union takes in deposits and extends loans as part of its operations. Beyond this, it also invests the surplus funds of its members and distributes the profits back to them through dividends. Essentially, Indiana Members Credit Union acts as a cooperative financial organization, serving its members by offering essential financial services and returning profits.
Official website here: www.imcu.org
Who is the CEO of Indiana Members Credit Union?
John Newett is the CEO of Indiana Members Credit Union The CEO's salary of Indiana Members Credit Union is $868,346 and their total compensation is $935,833.
Official website here: www.imcu.org
What is the revenue of Indiana Members Credit Union?
Indiana Members Credit Union's revenue in 2024 was $182,884,003.
Official website here: www.imcu.org
Who are the executives of Indiana Members Credit Union and what are their salaries?
The average compensation at Indiana Members Credit Union during 2024 was $56,802. There are 552 employees and 3 volunteers at Indiana Members Credit Union.
Here are 30 key members and their salaries (Indiana Members Credit Union's CEO's salary is $868,346 and their total compensation is $935,833):
- Compensation: $868,346
- Related: $0
- Other: $67,487
- Compensation: $458,559
- Related: $0
- Other: $67,487
- Compensation: $352,153
- Related: $0
- Other: $67,487
- Compensation: $333,603
- Related: $0
- Other: $65,958
- Compensation: $326,373
- Related: $0
- Other: $67,487
- Compensation: $298,365
- Related: $0
- Other: $63,802
- Compensation: $286,393
- Related: $0
- Other: $62,926
- Compensation: $280,389
- Related: $0
- Other: $61,020
- Compensation: $237,825
- Related: $0
- Other: $53,798
- Compensation: $237,434
- Related: $0
- Other: $53,547
- Compensation: $233,349
- Related: $0
- Other: $52,047
- Compensation: $234,894
- Related: $0
- Other: $36,083
- Compensation: $218,804
- Related: $0
- Other: $50,815
- Compensation: $229,210
- Related: $0
- Other: $37,202
- Compensation: $221,945
- Related: $0
- Other: $43,056
- Compensation: $210,335
- Related: $0
- Other: $49,240
- Compensation: $202,663
- Related: $0
- Other: $48,058
- Compensation: $202,153
- Related: $0
- Other: $45,984
- Compensation: $177,058
- Related: $0
- Other: $44,286
- Compensation: $165,664
- Related: $0
- Other: $43,477
- Compensation: $187,117
- Related: $0
- Other: $20,597
- Compensation: $56,443
- Related: $0
- Other: $0
- Compensation: $41,000
- Related: $0
- Other: $0
- Compensation: $37,450
- Related: $0
- Other: $0
- Compensation: $33,950
- Related: $0
- Other: $0
- Compensation: $26,659
- Related: $0
- Other: $0
- Compensation: $22,875
- Related: $0
- Other: $0
- Compensation: $22,675
- Related: $0
- Other: $0
- Compensation: $21,674
- Related: $0
- Other: $0
- Compensation: $16,175
- Related: $0
- Other: $0
Official website here: www.imcu.org
Where can I find the form 990 for Indiana Members Credit Union?
Indiana Members Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.imcu.org
Learn more at the official website: www.imcu.org
Mission Statement of Indiana Members Credit Union
Indiana Members Credit Union, a state-chartered financial institution, is dedicated to extending financial services to individuals who may not have access to other institutions. Established in Indiana, this credit union is committed to taking in deposits and providing loans to its members. Beyond banking services, Indiana Members Credit Union also invests excess funds on behalf of its members and redistributes the profits to them as dividends. The organization's primary goal is to serve its members' financial needs and contribute to their overall financial well-being. By offering financial services, Indiana Members Credit Union aims to help its members manage their money effectively and secure their financial future.
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Impact
October, 2024
Indiana Members Credit Union significantly impacts the community by providing essential financial services to individuals who may face barriers in accessing traditional banking. Located in Indianapolis, IN, it offers a safe place for deposits and facilitates loans that empower members to achieve their financial goals. By investing excess funds on behalf of its members, the credit union ensures that profits are shared through dividends, enhancing the financial well-being of its members. This commitment fosters economic growth and stability within the community, ultimately contributing to improved access to financial resources and services for those in need.
This information is meant to be a general summary of Indiana Members 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 2024.
- Investment Income: $40,159,096
- Program Service Revenue: $111,911,679
- Gross Receipts: $182,884,003
Assets and Liabilities:
- Total Assets: $2,918,005,380
- Total Liabilities: $148,197,245
- Net Assets: $2,769,808,135
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Organization Details
Founding Year
1956
Principal Officer
John Newett
Website
www.imcu.orgNTEE Category
Code: P20 - Human services
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