Overview
What is Beacon Credit Union?
Beacon Credit Union, located at 586 S Wabash Street, Wabash, IN 46992, is a cooperative financial institution with a mission to serve its members by offering a range of loan products, including agriculture, mortgage, and consumer loans. With a total of 10,599 individual loans amounting to $955,333,058, Beacon Credit Union functions as an exempt organization under IRS Code 501(c) (14) (A). Its team of 357 employees is dedicated to providing fair and competitive financial services tailored to the needs of the member-owners.
Official website here: www.beaconcu.org
Is Beacon Credit Union legitimate?
Beacon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Beacon 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,413,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,915,646
For more financial information, click here
What is the mission statement of Beacon Credit Union?
Beacon Credit Union functions as a cooperative financial institution, exempt under IRS Code 501(c) (14) (A. This organization offers its member-owners fair and competitive financial products that cater to their various needs. The credit union's mission is centered around providing responsive financial services. Among the loan products available at Beacon are those for agriculture, mortgages, and consumers. With a total of 10,599 individual loans worth over $955 million, the credit union effectively responds to the diverse financial requirements of its member-base.
Official website here: www.beaconcu.org
Who is the CEO of Beacon Credit Union?
Dustin Cuttriss is the Executive Vice President of Beacon Credit Union. The CEO's salary of Beacon Credit Union is $818,989 and their total compensation is $922,337.
Official website here: www.beaconcu.org
What is the revenue of Beacon Credit Union?
Who are the executives of Beacon Credit Union and what are their salaries?
The average compensation at Beacon Credit Union during 2022 was $45,741. There are 357 employees and 10 volunteers at Beacon Credit Union.
Here are 20 key members and their salaries (Beacon Credit Union's CEO's salary is $818,989 and their total compensation is $922,337):
- Kevin Willour (President/Ceo)
- Dustin Cuttriss (Executive Vice President)
- Todd Beehler (Chief Lending Officer)
- Tiffany Haupert (Investment Services Manager)
- Ryan Showley (Chief Information Officer)
- Lori Eltzroth (Chief Admin Officer)
- Dawn Aschleman (Chief Operations Officer)
- Marc Briney (Chief Marketing Officer)
- Trisha Loker (Senior Vp, Lending)
- Craig Bright (Vp Ag Lending Operations)
- Dan Sparling (Vp Of Finance)
- Jodie Creek (Senior Ag Loan Officer)
- Steve Caryer (Chief Financial Officer)
- Herbert Horrom (Chairman) [Trustee/Director]
- John Peters (Secretary/Treasurer) [Trustee/Director]
- Roger Bragg (Director)
- Dr Lindsay Culver (Director)
- Jim Yates (Director)
- Sarah Delbecq (Director)
- Paul Hartman (Director)
Official website here: www.beaconcu.org
Where can I find the form 990 for Beacon Credit Union?
The Beacon Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.beaconcu.org
Learn more at the official website: www.beaconcu.org
Mission Statement of Beacon Credit Union
Beacon Credit Union, a Cooperative Financial Institution exempt under IRS Code 501(c) (14) (A>, is dedicated to offering fair and competitive financial products that cater to the requirements of its member-owners. The organization takes pride in its mission to serve and empower its members financially.
In simple terms, Beacon Credit Union functions as a not-for-profit financial cooperative. It provides various loan products tailored to the diverse needs of its members. These loan options include Agriculture loans, Mortgage loans, and Consumer loans, which collectively totaled $955,333,058 with 10,599 individual loans as of the available data.
By offering such extensive financial services, Beacon Credit Union aims to create a supportive community for its members. The organization's goal is to help its members navigate their financial journeys with confidence and ease, making their financial aspirations a reality. Through its commitment to fairness and competition, Beacon Credit Union stands as a trusted financial partner for its members.
Impact
This information is meant to be a general summary of Beacon Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Beacon Credit Union's impact can be seen in the financial stability and support it provides to its members. Through its various loan products, including Agriculture loans, Mortgage loans, and Consumer loans, Beacon Credit Union has facilitated $955,333,058 in individual loans to its members. This serves as a testament to the organization's commitment to meeting the financial needs of its members in WABASH, IN. Beacon Credit Union's focus on providing fair and competitive financial products further underscores its dedication to serving as a cooperative financial institution that prioritizes the well-being of its member-owners.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Income on Loans
Revenue
$32,562,908
Miscellaneous Income
Revenue
$10,311,006
Organization Details
Founding Year
1931
Phone
(260) 563-7443
Principal Officer
Dustin Cuttriss
Main Address
586 S Wabash Street, Wabash, IN, 46992
Website
www.beaconcu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Beacon Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.