Linxus Credit Union

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

EIN: 361695980 ✦ Machesney park, IL ✦ Designated as a 501(c)(14)

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Overview

What is Linxus Credit Union?

Linxus Credit Union, situated in Machesney Park, Illinois, is a nonprofit organization dedicated to aiding its members in financial management. They offer a variety of financial products and services, such as loans, savings, and checking accounts, all with competitive rates. The credit union is committed to its members' financial stability, providing these services in a friendly and professional manner. Additionally, Linxus Credit Union managed over 650 Visa, debit, and ATM card accounts. With a team of six dedicated employees, they aim to assist their members in achieving financial well-being.


Official website here: www.linxuscu.org

Is Linxus Credit Union legitimate?

Linxus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Linxus 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: $89,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,055

For more financial information, click here


Official website here: www.linxuscu.org

What is the mission statement of Linxus Credit Union?

Linxus Credit Union's mission is centered around helping its members manage their financial well-being. They achieve this by offering a variety of financial products and services, including loans, savings, and checking accounts, in a welcoming and professional manner. The union's primary objective is to provide its members with competitive rates while maintaining its financial stability. In addition, they have handled over 650 Visa/Debit/ATM card accounts, demonstrating their commitment to servicing their members' financial needs.


Official website here: www.linxuscu.org

Who is the CEO of Linxus Credit Union?

Tracy Beyer is the President of Linxus Credit Union.


Official website here: www.linxuscu.org

What is the revenue of Linxus Credit Union?

Linxus Credit Union's revenue in 2022 was $655,041.


Official website here: www.linxuscu.org

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

The average compensation at Linxus Credit Union during 2022 was $31,569. There are 6 employees and 9 volunteers at Linxus Credit Union.


Here are 9 key members and their salaries:


Tracy Beyer (President)
  • Compensation: $89,312
  • Related: $0
  • Other: $31,245
Clectice Templeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Gille (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Pfeifer (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pauletta Franta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Swanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Malone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Ekberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.linxuscu.org

Where can I find the form 990 for Linxus Credit Union?

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


Official website here: www.linxuscu.org

Learn more at the official website: www.linxuscu.org

Mission Statement of Linxus Credit Union

Linxus Credit Union, in its mission, strives to aid its members in managing their financial health. It accomplishes this by offering various financial products and services, such as loans, savings, checking accounts, and Visa/Debit/ATM cards, in a welcoming and professional environment. The organization's primary objective is to deliver these financial services to its members at competitive rates, while maintaining its financial stability. By doing so, Linxus Credit Union demonstrates its commitment to supporting its members' financial well-being.

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Impact




October, 2024

Linxus Credit Union plays a significant role in enhancing the financial well-being of its members by offering a range of financial products and services, including loans, savings accounts, and checking accounts. Committed to providing friendly and professional service, Linxus Credit Union has effectively managed over 650 Visa, Debit, and ATM card accounts, demonstrating its dedication to serving the community of Machesney Park, IL.

By focusing on competitive rates and maintaining financial stability, Linxus Credit Union ensures that its members have access to the resources they need to achieve their financial goals. This emphasis on member support fosters a sense of trust and reliability, encouraging individuals and families to make informed financial decisions. Ultimately, Linxus Credit Union's contributions create a positive impact in the lives of its members, bolstering community resilience and economic growth.




This information is meant to be a general summary of Linxus 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
$655,041 (2022)
Expenses
$580,104 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $92,282
  • Program Service Revenue: $410,325
  • Gross Receipts: $655,041

Assets and Liabilities:

  • Total Assets: $19,159,819
  • Total Liabilities: $16,515,637
  • Net Assets: $2,644,182

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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

$336,710

FEES & FINES

Revenue

$27,129

ATM FEES

Revenue

$33,464

LOAN PROTECTION

Revenue

$13,022

Organization Details

Founding Year

1927

Principal Officer

Tracy Beyer

Main Address

1405 West Lane Rd Suite A, Machesney Park, IL, 61115

NTEE Category

Code: W60 - Public benefit

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