Rockford Bell Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361695055 ✦ Loves park, IL ✦ Designated as a 501(c)(14)

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Overview

What is Rockford Bell Credit Union?

Rockford Bell Credit Union is a member-focused financial institution, established and regulated by the state, situated in Loves Park, IL. As a community credit union, its primary objective is to deliver high-quality financial services to its 5,990 members. The credit union offers various financial solutions, including savings and checking accounts and real estate loans, with 317 members benefiting from its home loan services. The organization is committed to its members and aims to provide them with reliable and efficient financial solutions.


Official website here: www.rbcu.net

Is Rockford Bell Credit Union legitimate?

Rockford Bell Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rockford Bell 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: $118,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $515,175

For more financial information, click here


Official website here: www.rbcu.net

What is the mission statement of Rockford Bell Credit Union?

Rockford Bell Credit Union, as a member-owned community credit union, is committed to providing high-quality financial services to its membership. Chartered by the state, its mission is to offer loans, savings accounts, and various other financial services. The credit union is dedicated to serving its members effectively, ensuring they receive the financial support they need. With deposits on savings and checking accounts from over 5,900 members and providing real estate loans to 317 members, Rockford Bell Credit Union demonstrates its commitment to its members' financial well-being.


Official website here: www.rbcu.net

Who is the CEO of Rockford Bell Credit Union?

John R Hansen is the Secretary of Rockford Bell Credit Union. The CEO's salary of Rockford Bell Credit Union is $100,561 and their total compensation is $118,609.


Official website here: www.rbcu.net

What is the revenue of Rockford Bell Credit Union?

Rockford Bell Credit Union's revenue in 2022 was $1,534,799.


Official website here: www.rbcu.net

Who are the executives of Rockford Bell Credit Union and what are their salaries?

The average compensation at Rockford Bell Credit Union during 2022 was $15,458. There are 41 employees and 10 volunteers at Rockford Bell Credit Union.


Here are 11 key members and their salaries (Rockford Bell Credit Union's CEO's salary is $100,561 and their total compensation is $118,609):


Alexis Bj (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Conness Donald (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Davis Dennis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gioppo Daniel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hansen John R (President Ceo)
  • Compensation: $100,561
  • Related: $0
  • Other: $18,048
Langkamp Duane (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thompson John (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Finfrock Ii John (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haas Walter (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reid Jutras (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Labash Ferol (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rbcu.net

Where can I find the form 990 for Rockford Bell Credit Union?

Rockford Bell Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rbcu.net

Learn more at the official website: www.rbcu.net

Mission Statement of Rockford Bell Credit Union

Rockford Bell Credit Union, as a member-owned community credit union, is committed to providing top-notch financial services to its membership. This organization, chartered by the state, is dedicated to meeting the financial needs of its members effectively. The primary mission of Rockford Bell Credit Union is to offer loans, savings accounts, and various other financial services, ensuring quality and reliability in all its offerings. By doing so, it aims to foster financial well-being within its membership community.

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Impact




October, 2024

Rockford Bell Credit Union plays a significant role in the community by offering essential financial services such as loans and savings accounts tailored to meet the needs of its members. With a focus on member ownership and community support, it has established a strong presence in Loves Park, IL, serving 5,990 members with easy access to checking and savings options. The credit union's commitment to providing real estate loans has enabled 317 members to achieve their homeownership dreams, reinforcing its impact on local stability and growth. By prioritizing quality financial services, Rockford Bell Credit Union fosters a supportive environment that empowers individuals and contributes to the well-being of the community.




This information is meant to be a general summary of Rockford Bell 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.

Revenue
$1,534,799 (2022)
Expenses
$1,528,237 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $61,871
  • Program Service Revenue: $1,472,928
  • Gross Receipts: $1,534,799

Assets and Liabilities:

  • Total Assets: $43,975,150
  • Total Liabilities: $39,027,095
  • Net Assets: $4,948,055

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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

$1,099,922

SERVICE FEES

Revenue

$373,006

Organization Details

Founding Year

1935

Principal Officer

John R Hansen

Main Address

4225 PERRYVILLE ROAD, LOVES PARK, IL, 61111

NTEE Category

Code: W60 - Public benefit

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