Overview
What is Sherwin Williams Employees Credit Union?
Sherwin Williams Employees Credit Union is an Illinois-based nonprofit organization, serving as a mutual benefit credit union for its members. Its primary function involves offering loans to members and paying competitive interest rates on share deposits in the form of dividends. As of the provided data, the credit union has approximately 6,233 members and has provided 485 loans to its member base. The credit union operates under Illinois state charter, ensuring it is regulated and governed appropriately to serve its members effectively.
Official website here: www.swcu.org
Is Sherwin Williams Employees Credit Union legitimate?
Sherwin Williams Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Sherwin Williams 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: $124,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $278,759
For more financial information, click here
Official website here: www.swcu.org
What is the mission statement of Sherwin Williams Employees Credit Union?
The Sherwin Williams Employees Credit Union operates with a mission to serve its members mutually. It provides loans to its members and pays dividends on share deposits at a competitive interest rate. The credit union operates under an Illinois State charter, and as of the provided data, it served approximately 6,233 members and extended 485 loans to them. The primary objective of this credit union is to benefit its members financially, offering them loan and savings opportunities.
Official website here: www.swcu.org
Who is the CEO of Sherwin Williams Employees Credit Union?
Diane Nibungco is the Chair of Sherwin Williams Employees Credit Union.
Official website here: www.swcu.org
What is the revenue of Sherwin Williams Employees Credit Union?
Sherwin Williams Employees Credit Union's revenue in 2022 was $1,310,628.
Official website here: www.swcu.org
Who are the executives of Sherwin Williams Employees Credit Union and what are their salaries?
The average compensation at Sherwin Williams Employees Credit Union during 2022 was $20,164. There are 20 employees and 9 volunteers at Sherwin Williams Employees Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $109,524
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- Other: $15,000
Official website here: www.swcu.org
Where can I find the form 990 for Sherwin Williams Employees Credit Union?
Sherwin Williams Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swcu.org
Learn more at the official website: www.swcu.org
Mission Statement of Sherwin Williams Employees Credit Union
Sherwin Williams Employees Credit Union, as an Illinois State Chartered entity, operates with the primary objective of benefiting its members mutually. This credit union stands out by offering loan facilities to its members and returning dividends to those with share deposits, all at competitive interest rates. By doing so, it ensures financial assistance and returns on investments for its members, thereby promoting financial well-being within its community.
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Impact
October, 2024
Sherwin Williams Employees Credit Union plays a significant role in supporting its members' financial well-being within the South Holland community. By providing a range of financial services, including competitive loan options and attractive dividends on share deposits, the credit union ensures its members have access to necessary resources for personal and financial growth.
With a membership base of 6,233 individuals, Sherwin Williams Employees Credit Union fosters a sense of community and mutual support among its members. The credit union's commitment to offering 485 loans helps members finance various needs, whether it be for education, home purchases, or other personal objectives. This access to credit can significantly enhance the financial stability and opportunities available to its members.
In summary, Sherwin Williams Employees Credit Union not only facilitates individual financial growth but also strengthens the community by promoting responsible borrowing and saving practices among its members.
This information is meant to be a general summary of Sherwin Williams 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: $402,994
- Program Service Revenue: $907,634
- Gross Receipts: $4,772,628
Assets and Liabilities:
- Total Assets: $34,516,663
- Total Liabilities: $31,424,620
- Net Assets: $3,092,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CHARGES
Revenue
$478,786
LOAN INTEREST
Revenue
$428,848
Organization Details
Founding Year
1936
Phone
(708) 333-0900Principal Officer
Diane Nibungco
Main Address
16230 PRINCE DRIVE, SOUTH HOLLAND, IL, 60473
Website
www.swcu.orgNTEE Category
Code: W61 - Public benefit
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