Overview
What is Chicago Municipal Employees Credit Union?
Chicago Municipal Employees Credit Union is an Illinois-based nonprofit organization, specifically a state-chartered credit union. It operates with the aim of benefiting its members, providing them with various financial services in a welcoming environment. The credit union specializes in offering consumer and real estate loans to its members, with 1,942 active loans totaling $31,921,511 as of December 31, 2022. Established with the mission to help members manage their finances, the Credit Union strives to foster long-term relationships with its members. It is headquartered at 18 S Michigan Avenue 1000, Chicago, IL, 60603, with a team of 22 dedicated employees.
Official website here: www.cmecuonline.org
Is Chicago Municipal Employees Credit Union legitimate?
Chicago Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Chicago Municipal Employees 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: $122,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $608,348
For more financial information, click here
Official website here: www.cmecuonline.org
What is the mission statement of Chicago Municipal Employees Credit Union?
The Chicago Municipal Employees Credit Union's mission is centered around serving its members' financial needs. It aims to provide a comfortable and family-like environment where members can take charge of their financial destinies. The credit union strives to build long-term relationships with its members by offering a range of financial services. Its goal is to cater to its members' needs effectively, ensuring they have the necessary tools to manage their finances. The Credit Union offers consumer and real estate loans to its members, with a total of 1,942 loans worth $31,921,511 outstanding as of December 31, 2022.
Official website here: www.cmecuonline.org
Who is the CEO of Chicago Municipal Employees Credit Union?
Peter Tzortzakis is the Chairperson of Chicago Municipal Employees Credit Union. The CEO's salary of Chicago Municipal Employees Credit Union is $96,885 and their total compensation is $122,563.
Official website here: www.cmecuonline.org
What is the revenue of Chicago Municipal Employees Credit Union?
Chicago Municipal Employees Credit Union's revenue in 2022 was $3,857,215.
Official website here: www.cmecuonline.org
Who are the executives of Chicago Municipal Employees Credit Union and what are their salaries?
The average compensation at Chicago Municipal Employees Credit Union during 2022 was $33,223. There are 22 employees and 9 volunteers at Chicago Municipal Employees Credit Union.
Here are 9 key members and their salaries (Chicago Municipal Employees Credit Union's CEO's salary is $96,885 and their total compensation is $122,563):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $96,885
- Related: $0
- Other: $25,678
Official website here: www.cmecuonline.org
Where can I find the form 990 for Chicago Municipal Employees Credit Union?
Chicago Municipal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmecuonline.org
Learn more at the official website: www.cmecuonline.org
Mission Statement of Chicago Municipal Employees Credit Union
Chicago Municipal Employees Credit Union, as a state-chartered organization, operates with the primary goal of benefiting its members. Its mission is to empower its members by offering them the necessary financial services tools to manage their finances effectively. The Credit Union strives to establish and maintain long-term relationships with its members, creating a comfortable and family-like environment. By doing so, it aims to provide its members with the means to take control of their financial destiny.
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Impact
October, 2024
Chicago Municipal Employees Credit Union plays a significant role in enhancing the financial landscape for its members by offering tailored financial services that empower individuals to take control of their financial destinies. With a focus on consumer and real estate loans, the credit union currently manages 1,942 outstanding loans totaling over $31.9 million as of December 31, 2022. This substantial lending activity not only supports individual financial goals but also contributes to the broader economic vitality of Chicago.
By fostering a supportive, family-like environment, the credit union prioritizes long-term relationships with its members, ensuring that they have access to the necessary resources to meet their financial needs. This approach helps build a strong sense of community and trust, aligning with its mission to deliver personalized service and financial literacy for its members, ultimately leading to their economic empowerment and stability.
This information is meant to be a general summary of Chicago Municipal Employees 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: $264,722
- Program Service Revenue: $3,592,493
- Gross Receipts: $3,857,215
Assets and Liabilities:
- Total Assets: $57,741,757
- Total Liabilities: $51,969,625
- Net Assets: $5,772,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loans to members
Revenue
$2,274,619
Fees and services
Revenue
$1,317,874
Organization Details
Founding Year
1926
Phone
(312) 236-2326Principal Officer
Peter Tzortzakis
Main Address
18 S Michigan Avenue 1000, Chicago, IL, 60603
Website
www.cmecuonline.orgNTEE Category
Code: W60 - Public benefit
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