Overview
What is Fox Valley Credit Union?
Fox Valley Credit Union is an Illinois-based, member-focused financial institution, characterized as a state-chartered credit union. Its primary mission is to provide loans to its members, including consumer and real estate loans, while simultaneously offering competitive interest rates on share deposits. As of December 31, 2022, the credit union had extended a total of $17,414,682 in loans to 1,640 members. Established in Aurora, Illinois, specifically at 575 N Broadway, Fox Valley Credit Union operates with a team of 13 dedicated employees, ensuring the mutual benefit and financial well-being of its members.
Official website here: www.foxvalleycu.com
Is Fox Valley Credit Union legitimate?
Fox Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fox Valley 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: $143,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $439,231
For more financial information, click here
Official website here: www.foxvalleycu.com
What is the mission statement of Fox Valley Credit Union?
Fox Valley Credit Union, as an Illinois state-chartered institution, operates with a mission to serve its members' financial needs. It is structured to provide mutual benefits, offering loans to its members at competitive interest rates while also paying dividends on share deposits. The primary activities of the credit union involve making and servicing consumer and real estate loans, with a total of 1,640 loans worth $17,414,682 outstanding as of December 31, 2022. In essence, Fox Valley Credit Union exists to support its members financially, providing them with loan opportunities and returns on their investments.
Official website here: www.foxvalleycu.com
Who is the CEO of Fox Valley Credit Union?
Kyle B Whelan is the Chairman of Fox Valley Credit Union. The CEO's salary of Fox Valley Credit Union is $110,325 and their total compensation is $143,625.
Official website here: www.foxvalleycu.com
What is the revenue of Fox Valley Credit Union?
Fox Valley Credit Union's revenue in 2022 was $1,865,997.
Official website here: www.foxvalleycu.com
Who are the executives of Fox Valley Credit Union and what are their salaries?
The average compensation at Fox Valley Credit Union during 2022 was $44,835. There are 13 employees and 11 volunteers at Fox Valley Credit Union.
Here are 12 key members and their salaries (Fox Valley Credit Union's CEO's salary is $110,325 and their total compensation is $143,625):
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- Compensation: $110,325
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- Other: $33,300
Official website here: www.foxvalleycu.com
Where can I find the form 990 for Fox Valley Credit Union?
Fox Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foxvalleycu.com
Learn more at the official website: www.foxvalleycu.com
Mission Statement of Fox Valley Credit Union
Fox Valley Credit Union, as an Illinois state-chartered credit union, is dedicated to serving its members by operating with their mutual benefit in mind. The credit union's primary mission is to provide loans to its members and pay dividends to those with share deposits at a competitive rate of interest. This means that the credit union's operations are centered around supporting its members financially, offering them consumer and real estate loans while ensuring they receive a fair return on their investments in the form of dividends. At the end of 2022, the credit union had issued 1,640 loans, totaling $17,414,682, demonstrating its commitment to providing financial services to its members.
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Impact
October, 2024
Fox Valley Credit Union plays a significant role in the financial well-being of its members by providing essential financial services, including a variety of consumer and real estate loans. As of December 31, 2022, the credit union had 1,640 loans outstanding, amounting to $17,414,682, indicating strong member engagement and a commitment to helping individuals and families achieve their financial goals.
Located in Aurora, Illinois, Fox Valley Credit Union operates with the mission of benefiting its members. By making loans available at competitive rates and offering dividends on share deposits, the credit union promotes financial stability and growth within the community. This focus on mutual benefit fosters a strong sense of community and supports the economic development of the region. Through these efforts, Fox Valley Credit Union significantly impacts the lives of its members and contributes to the overall economic health of the area.
This information is meant to be a general summary of Fox Valley 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: $466,231
- Program Service Revenue: $1,241,993
- Gross Receipts: $1,865,997
Assets and Liabilities:
- Total Assets: $50,084,361
- Total Liabilities: $43,406,545
- Net Assets: $6,677,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Loans
Revenue
$904,365
Fee Income
Revenue
$337,628
Organization Details
Founding Year
1936
Phone
(630) 859-2276Principal Officer
Kyle B Whelan
Main Address
575 N Broadway, Aurora, IL, 60505
Website
www.foxvalleycu.comNTEE Category
Code: W60 - Public benefit
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