Overview
What is Corporate America Family Credit Union?
Corporate America Family Credit Union is a not-for-profit financial cooperative based at 2075 BIG TIMBER RD, Elgin, IL, 60123. With a team of 266 employees, the credit union serves as the primary financial institution for its 68,055 members. They offer a range of savings products at competitive rates, including regular shares, money markets, certificates of deposit, and IRA products. Members can also choose from various checking accounts, such as a free traditional checking account. The credit union's mission emphasizes its commitment to its members. As a member-owned and -directed organization, Corporate America Family Credit Union aims to provide essential financial services to its community.
Official website here: www.cafcu.org
What are the reviews and ratings of this charity?
The Corporate America Family Credit Union is not currently rated by Charity Navigator. The absence of a rating suggests that the organization has yet to be evaluated, not that there is a positive or negative standing. This is partly because the organization is not classified as a 501(c)(3) and thus is not eligible for evaluation based on Charity Navigator's typical criteria, such as Accountability & Finance or Impact & Measurement.
Charity Navigator's past ratings focused mainly on Accountability and Finance, lacking considerations such as Leadership & Adaptability. The absence of these evaluations for Corporate America Family Credit Union means there isn't a comprehensive view of the organization's operational and financial health. Such data gaps, including details about key persons' salaries or total revenue and expenses, limit the ability to assess the organization's efficiency or impact.
Since the organization doesn't collect tax-deductible donations, its impact must be assessed through other frameworks typical for credit unions and similar entities. However, without user reviews from GreatNonprofits or specific data from Charity Navigator, forming a complete picture of its community engagement or operational efficacy remains challenging.
This AI summary has been generated from information found on Charity Navigator.
Is Corporate America Family Credit Union legitimate?
Corporate America Family Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Corporate America Family 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: $1,390,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,672,150
For more financial information, click here
Official website here: www.cafcu.org
What is the mission statement of Corporate America Family Credit Union?
Corporate America Family Credit Union is a not-for-profit financial cooperative, owned and governed by its members. The credit union is committed to being the primary financial institution for its members. With over 68,000 members, it offers a range of savings products at competitive rates, including regular shares, money markets, certificates of deposit, and IRA products. The credit union also provides various checking account options, one of which is free for members. Its mission is to serve and cater to the financial needs of its member community.
Official website here: www.cafcu.org
Who is the CEO of Corporate America Family Credit Union?
Peter Paulson is the President/Ceo of Corporate America Family Credit Union. The CEO's salary of Corporate America Family Credit Union is $381,390 and their total compensation is $620,542.
Official website here: www.cafcu.org
What is the revenue of Corporate America Family Credit Union?
Corporate America Family Credit Union's revenue in 2022 was $39,765,164.
Official website here: www.cafcu.org
Who are the executives of Corporate America Family Credit Union and what are their salaries?
The average compensation at Corporate America Family Credit Union during 2022 was $52,869. There are 266 employees and 9 volunteers at Corporate America Family Credit Union.
Here are 21 key members and their salaries (Corporate America Family Credit Union's CEO's salary is $381,390 and their total compensation is $620,542):
- Compensation: $381,390
- Related: $0
- Other: $239,152
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,886
- Related: $0
- Other: $704
- Compensation: $192,246
- Related: $0
- Other: $47,414
- Compensation: $163,358
- Related: $0
- Other: $42,303
- Compensation: $157,350
- Related: $0
- Other: $56,079
- Compensation: $149,271
- Related: $0
- Other: $43,875
- Compensation: $136,241
- Related: $0
- Other: $21,936
- Compensation: $126,884
- Related: $0
- Other: $39,531
- Compensation: $143,467
- Related: $0
- Other: $26,331
- Compensation: $114,357
- Related: $0
- Other: $22,819
- Compensation: $131,664
- Related: $0
- Other: $32,388
Official website here: www.cafcu.org
Where can I find the form 990 for Corporate America Family Credit Union?
Corporate America Family Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cafcu.org
Learn more at the official website: www.cafcu.org
Mission Statement of Corporate America Family Credit Union
Corporate America Family Credit Union, a member-owned and directed financial cooperative, is dedicated to serving as the primary financial institution for its members. With a not-for-profit status, this credit union prides itself on being owned and controlled by its members, ensuring their financial needs are at the forefront of its operations.
The credit union offers a range of competitive savings products to its members, including regular shares, money markets, certificates of deposit, and various IRA options. Furthermore, it provides checking accounts, with a traditional one available free of charge for members. By prioritizing the financial well-being of its members, Corporate America Family Credit Union aims to build strong, lasting relationships and help its members achieve their financial goals.
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Impact
October, 2024
Corporate America Family Credit Union plays a significant role in the financial well-being of its community by providing a range of competitive savings and checking products tailored to meet the needs of its 68,055 members. Positioned as a primary financial institution, it offers regular shares, money market accounts, certificates of deposit, and IRA products, ensuring that members can manage their savings effectively. Additionally, the credit union provides a variety of checking accounts, including a traditional option that is free of charge, promoting accessible banking solutions for all members.
By focusing on member ownership and direction, Corporate America Family Credit Union fosters a cooperative environment that prioritizes the financial interests of its members. The organization’s mission to serve as a trusted financial partner contributes to the economic empowerment of individuals and families, thus enhancing the overall quality of life within the community in Elgin, IL. Through its commitment to competitive rates and member-centric services, Corporate America Family Credit Union is making a meaningful impact in the lives of those it serves.
This information is meant to be a general summary of Corporate America Family 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: $6,240,117
- Program Service Revenue: $33,441,082
- Gross Receipts: $45,338,962
Assets and Liabilities:
- Total Assets: $839,530,698
- Total Liabilities: $749,049,787
- Net Assets: $90,480,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$23,566,086
FEE INCOME
Revenue
$7,229,024
OTHER OPERATING REVENUE
Revenue
$2,645,972
Organization Details
Founding Year
1939
Phone
(847) 214-2000Principal Officer
Peter Paulson
Main Address
2075 BIG TIMBER RD, ELGIN, IL, 601231140
Website
www.cafcu.orgNTEE Category
Code: W60 - Public benefit
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