Overview
What is Central Credit Union Of Illinois?
Central Credit Union of Illinois is a member-driven financial institution, committed to enhancing the financial well-being of its 11,080 members. They offer a range of services, including loans, savings accounts, and other financial solutions, all delivered in a friendly and professional manner. The credit union has extended first mortgage loans to 389 of its members, demonstrating its dedication to assisting its members in managing their finances effectively. Central Credit Union of Illinois serves as a comprehensive financial resource for its members, aiming to contribute positively to their financial stability.
Official website here: www.centralcu.org
Is Central Credit Union Of Illinois legitimate?
Central Credit Union Of Illinois is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Credit Union Of Illinois 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: $462,855
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,263,512
For more financial information, click here
Official website here: www.centralcu.org
What is the mission statement of Central Credit Union Of Illinois?
Central Credit Union of Illinois, as a member-owned financial institution, aims to enhance the financial well-being of its members. They accomplish this by offering a range of comprehensive and forward-thinking financial services. The credit union assists its members in managing their finances effectively by providing loans, savings accounts, and various other financial institution services in a congenial and proficient manner. They have managed to amass savings deposits from over 11,000 members, and have also extended first mortgage loans to 389 of these members.
Official website here: www.centralcu.org
Who is the CEO of Central Credit Union Of Illinois?
Robert Satinover is the President/Ceo of Central Credit Union Of Illinois. The CEO's salary of Central Credit Union Of Illinois is $159,552 and their total compensation is $159,552.
Official website here: www.centralcu.org
What is the revenue of Central Credit Union Of Illinois?
Central Credit Union Of Illinois's revenue in 2022 was $5,873,134.
Official website here: www.centralcu.org
Who are the executives of Central Credit Union Of Illinois and what are their salaries?
The average compensation at Central Credit Union Of Illinois during 2022 was $52,314. There are 33 employees and 7 volunteers at Central Credit Union Of Illinois.
Here are 10 key members and their salaries (Central Credit Union Of Illinois's CEO's salary is $159,552 and their total compensation is $159,552):
- Compensation: $194,456
- Related: $0
- Other: $0
- Compensation: $159,552
- Related: $0
- Other: $0
- Compensation: $108,847
- 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.centralcu.org
Where can I find the form 990 for Central Credit Union Of Illinois?
Central Credit Union Of Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralcu.org
Learn more at the official website: www.centralcu.org
Mission Statement of Central Credit Union Of Illinois
Central Credit Union of Illinois, a member-owned financial institution, is dedicated to promoting the financial well-being of its members. Their mission is to achieve this goal by offering a wide range of comprehensive and progressively advanced financial services. They strive to assist their members in effectively managing their financial situations, providing them with loans, savings accounts, and various other financial institution services in a welcoming and professional manner. The organization's purpose is to enhance the financial stability of its members, working tirelessly to meet their financial needs with efficiency and friendliness. To date, Central Credit Union of Illinois has received deposits from over 11,000 members and has provided 389 first mortgage loans to its members, demonstrating their commitment to financial assistance and growth.
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Impact
October, 2024
Central Credit Union of Illinois plays a vital role in enhancing the financial well-being of its members by offering a range of financial services tailored to meet their needs. With a commitment to professionalism and a friendly approach, the credit union facilitates financial stability through the provision of loans and savings accounts.
Serving over 11,000 members, Central Credit Union of Illinois has successfully fostered a sense of community and trust. The provision of 389 first mortgage loans demonstrates their dedication to helping members achieve homeownership, a significant milestone in personal financial security. By promoting responsible financial management and providing accessible financial services, the credit union contributes to the economic health of both individuals and the broader community in Bellwood, IL.
This information is meant to be a general summary of Central Credit Union Of Illinois. 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: $563,688
- Program Service Revenue: $4,447,246
- Gross Receipts: $5,873,134
Assets and Liabilities:
- Total Assets: $122,362,523
- Total Liabilities: $110,954,997
- Net Assets: $11,407,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$3,112,536
Visa and Debit Card Income
Revenue
$523,062
Members Financial Services Income
Revenue
$475,891
Service Fees
Revenue
$266,317
Organization Details
Founding Year
1936
Phone
(708) 649-6400Principal Officer
Robert Satinover
Main Address
1001 Mannheim Road, Bellwood, IL, 60104
Website
www.centralcu.orgNTEE Category
Code: W61 - Public benefit
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