Overview
What is Acme Continental Credit Union?
Acme Continental Credit Union is a community-focused financial institution located in Riverdale, Illinois. As an Illinois state-chartered credit union, its primary objective is to serve its members' best interests. The credit union provides consumer and real estate loans, with a total of 1,900 active loans worth $17,489,771 as of December 31, 2022. The credit union operates on a mutual basis, which means that its profits are returned to its members in the form of competitive interest rates on share deposits. With a modest workforce of 14 individuals, Acme Continental Credit Union plays a crucial role in the financial wellbeing of its members in the Riverdale area.
Official website here: www.acmecontinentalcu.com
Is Acme Continental Credit Union legitimate?
Acme Continental Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Acme Continental 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: $286,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,317
For more financial information, click here
Official website here: www.acmecontinentalcu.com
What is the mission statement of Acme Continental Credit Union?
Acme Continental Credit Union is dedicated to serving its members with mutual benefits. Its primary activity involves extending loans to members and returning dividends at competitive interest rates for share deposits. The credit union focuses on providing consumer and real estate loans to its members, with a total of 1,900 loans worth $17,489,771 outstanding as of December 31, 2022. In essence, Acme Continental Credit Union operates as a cooperative entity aimed at providing financial assistance to its members while ensuring fair returns on their investments.
Official website here: www.acmecontinentalcu.com
Who is the CEO of Acme Continental Credit Union?
Mark Duffy is the President & Treasurer of Acme Continental Credit Union.
Official website here: www.acmecontinentalcu.com
What is the revenue of Acme Continental Credit Union?
Acme Continental Credit Union's revenue in 2022 was $2,260,775.
Official website here: www.acmecontinentalcu.com
Who are the executives of Acme Continental Credit Union and what are their salaries?
The average compensation at Acme Continental Credit Union during 2022 was $51,957. There are 14 employees and 11 volunteers at Acme Continental Credit Union.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $133,468
- Related: $0
- Other: $53,256
- Compensation: $75,731
- Related: $0
- Other: $23,626
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acmecontinentalcu.com
Where can I find the form 990 for Acme Continental Credit Union?
Acme Continental Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acmecontinentalcu.com
Learn more at the official website: www.acmecontinentalcu.com
Mission Statement of Acme Continental Credit Union
Acme Continental Credit Union, as an Illinois state-chartered institution, is dedicated to serving its members with mutual benefit in mind. The credit union's primary mission involves extending loans to its members and distributing dividends to those with share deposits, offering competitive interest rates. This financial institution is actively engaged in making and servicing consumer and real estate loans, with a record of 1,900 loans outstanding at the end of 2022, totaling $17,489,771. In essence, Acme Continental Credit Union operates as a cooperative entity, working towards the financial well-being of its members by providing them with accessible and affordable loan options.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Acme Continental Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members in Riverdale, Illinois. By making and servicing consumer and real estate loans, the credit union supports local economic growth and empowers individuals with access to credit. As of December 31, 2022, Acme Continental had 1,900 outstanding loans totaling $17,489,771, demonstrating its commitment to fostering financial stability among its members.
Moreover, the credit union operates with a mission centered on mutual benefit, ensuring that members not only receive loans but also earn competitive dividends on their share deposits. This structure enhances the financial well-being of members, encouraging savings and investment in one another's futures. Acme Continental Credit Union's dedication to serving its members fosters a sense of community and mutual support, ultimately contributing to the overall economic health of the area.
This information is meant to be a general summary of Acme Continental 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: $529,333
- Program Service Revenue: $1,642,025
- Gross Receipts: $2,260,775
Assets and Liabilities:
- Total Assets: $57,389,469
- Total Liabilities: $46,995,030
- Net Assets: $10,394,439
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$1,327,714
Fees and other charges
Revenue
$314,311
Organization Details
Founding Year
1937
Phone
(708) 849-3113Principal Officer
Mark Duffy
Main Address
13601 S Perry Avenue, Riverdale, IL, 60827
Website
www.acmecontinentalcu.comIf you are a representative of Acme Continental 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.