Overview
What is Illinois Community Credit Union?
Illinois Community Credit Union is a member-owned financial institution, headquartered in Sycamore, Illinois. With a team of 53 dedicated individuals, the credit union offers a range of services to its 10,738 members. These services include savings and checking accounts, including Christmas Club accounts that enable automatic monthly savings transfers into regular savings accounts in November. Illinois Community Credit Union also extends checking account opportunities to individuals who may have faced negative banking history situations in the past. The credit union's mission is to provide high-quality financial products and services, tailored to meet the needs of its members and the communities it serves.
Official website here: www.myiccu.org
Is Illinois Community Credit Union legitimate?
Illinois Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Illinois Community 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: $515,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,707,526
For more financial information, click here
Official website here: www.myiccu.org
What is the mission statement of Illinois Community Credit Union?
The Illinois Community Credit Union, being a member-owned financial institution, is committed to delivering high-quality financial products and services that cater to the needs of its members and the communities it serves. Its mission is to offer savings and checking account services, including Christmas Club accounts for members to save a fixed amount monthly, transferred into their savings account annually. The credit union also provides checking accounts for individuals with past banking issues, along with other checking accounts tailored to different financial life stages.
Official website here: www.myiccu.org
Who is the CEO of Illinois Community Credit Union?
Thor Dolan is the Ceo of Illinois Community Credit Union. The CEO's salary of Illinois Community Credit Union is $212,393 and their total compensation is $246,230.
Official website here: www.myiccu.org
What is the revenue of Illinois Community Credit Union?
Illinois Community Credit Union's revenue in 2022 was $6,378,212.
Official website here: www.myiccu.org
Who are the executives of Illinois Community Credit Union and what are their salaries?
The average compensation at Illinois Community Credit Union during 2022 was $41,947. There are 53 employees and 9 volunteers at Illinois Community Credit Union.
Here are 11 key members and their salaries (Illinois Community Credit Union's CEO's salary is $212,393 and their total compensation is $246,230):
- Compensation: $212,393
- Related: $0
- Other: $33,837
- Compensation: $122,913
- Related: $0
- Other: $26,515
- Compensation: $114,950
- Related: $0
- Other: $5,076
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.myiccu.org
Where can I find the form 990 for Illinois Community Credit Union?
Illinois Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myiccu.org
Learn more at the official website: www.myiccu.org
Mission Statement of Illinois Community Credit Union
Illinois Community Credit Union, as a member-owned financial institution, is committed to delivering high-quality financial products and services that cater to the needs of its members and the communities it serves. The organization's mission is centered around providing services that are tailored to meet various financial requirements, ensuring its members have access to savings and checking accounts, including Christmas Club accounts for automated savings and checking accounts for individuals who may have had past banking challenges. Illinois Community Credit Union also offers checking accounts based on different financial stages in a member's life.
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Impact
October, 2024
Illinois Community Credit Union significantly contributes to the financial well-being of its members and the surrounding community in Sycamore, Illinois. As a member-owned financial institution, it focuses on offering quality products and services tailored to meet diverse needs.
With a membership base of 10,738 individuals, the credit union provides various savings and checking account options, including specialized services like Christmas Club accounts. These accounts allow members to save a fixed amount monthly, which is then transferred into their regular savings account in November, helping them prepare for holiday expenses.
Additionally, Illinois Community Credit Union serves those who might struggle to qualify for traditional checking accounts due to past banking difficulties. This commitment to inclusivity supports financial stability for individuals facing challenges, enabling them to regain control of their financial lives. Overall, the credit union plays a crucial role in fostering financial literacy, accessibility, and stability within the community, aligning with its mission to meet the needs of its members and the areas it serves.
This information is meant to be a general summary of Illinois Community 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: $178,076
- Program Service Revenue: $6,188,228
- Gross Receipts: $6,378,212
Assets and Liabilities:
- Total Assets: $121,524,439
- Total Liabilities: $107,077,463
- Net Assets: $14,446,976
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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
$4,081,768
MEMBER FEES
Revenue
$1,852,544
CUNA INCOME
Revenue
$253,916
Organization Details
Founding Year
1935
Phone
(815) 895-4541Principal Officer
Thor Dolan
Main Address
508 WEST STATE STREET, SYCAMORE, IL, 60178
Website
www.myiccu.orgNTEE Category
Code: W60 - Public benefit
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