Abri Credit Union

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

EIN: 362146035 ✦ Romeoville, IL ✦ Designated as a 501(c)(14)

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Overview

What is Abri Credit Union?

Abri Credit Union, a not-for-profit financial cooperative based in Romeoville, Illinois (60446), offers essential financial services to over 27,000 members. With a team of 133 employees, they have maintained 47,463 deposit accounts and granted 20,991 consumer and real estate loans. Abri Credit Union's mission is to help members in DuPage, Will, and portions of Cook County succeed financially. Their full-service offerings include providing loans and managing deposits for the benefit of their members.


Official website here: www.abricu.com

What do the Facebook reviews say about Abri Credit Union?

90% of the 202 reviewers on Facebook recommend Abri Credit Union. Here's a summary of their thoughts:

Members frequently express appreciation for the quality of service and support they receive, often citing long-term relationships with the credit union as a key factor in their satisfaction. Many highlight friendly and knowledgeable staff who are eager to assist with various financial needs, contributing to a sense of trust and loyalty within the community.

Overall, the sentiment towards Abri Credit Union is quite positive, with reviewers valuing the personalized service and the organization’s commitment to its members. This credit union appears to effectively meet the financial needs of its clientele, making it a commendable choice for those seeking banking services.


This AI summary has been generated from reviews found on Facebook.

Is Abri Credit Union legitimate?

Abri Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Abri 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: $735,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,068,145

For more financial information, click here


Official website here: www.abricu.com

What is the mission statement of Abri Credit Union?

Abri Credit Union functions as a not-for-profit financial cooperative, dedicated to helping its members thrive financially. The cooperative's primary goal is to serve residents and businesses in DuPage, Will, and portions of Cook County. By offering a comprehensive range of financial services, Abri Credit Union aims to contribute to the financial success of its members. The cooperative provided financial assistance to 27,040 members, approved 20,991 loans for consumers and real estate, and managed 47,463 deposit accounts on their behalf.


Official website here: www.abricu.com

Who is the CEO of Abri Credit Union?

Brian Cedergren is the Chairman of Abri Credit Union. The CEO's salary of Abri Credit Union is $350,934 and their total compensation is $450,928.


Official website here: www.abricu.com

What is the revenue of Abri Credit Union?

Abri Credit Union's revenue in 2022 was $19,117,577.


Official website here: www.abricu.com

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

The average compensation at Abri Credit Union during 2022 was $43,635. There are 133 employees and 9 volunteers at Abri Credit Union.


Here are 16 key members and their salaries (Abri Credit Union's CEO's salary is $350,934 and their total compensation is $450,928):


Maryann Egizio (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Vroman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradford Stacy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Krok (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Branshaw (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl Keene (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Mcginnis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Schikora (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Cedergren (President/Ceo)
  • Compensation: $350,934
  • Related: $0
  • Other: $99,994
Patricia Locke (Evp/Coo)
  • Compensation: $243,575
  • Related: $0
  • Other: $40,768
Colleen Brooks (Svp Administration)
  • Compensation: $159,628
  • Related: $0
  • Other: $41,957
Kimberly Nichols (Svp Member Experience)
  • Compensation: $138,163
  • Related: $0
  • Other: $38,028
Jamie Hogue (Svp Lending)
  • Compensation: $127,831
  • Related: $0
  • Other: $39,180
Sarah Kiser (Vp Accounting/Card Service)
  • Compensation: $112,739
  • Related: $0
  • Other: $35,855
James Evans (Vp It/Facilities)
  • Compensation: $115,392
  • Related: $0
  • Other: $24,551


Official website here: www.abricu.com

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

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


Official website here: www.abricu.com

Learn more at the official website: www.abricu.com

Mission Statement of Abri Credit Union

Abri Credit Union, a not-for-profit financial cooperative, is dedicated to helping its members thrive financially. With a mission to serve residents and businesses in DuPage, Will, and portions of Cook County, this full-service organization goes above and beyond to support its members.

At the heart of Abri Credit Union's mission lies a commitment to financial success. By offering a comprehensive range of financial services, the Union empowers its members to make informed decisions and take control of their financial futures. With this goal in mind, the Union has provided services to over 27,000 members and facilitated 20,991 consumer and real estate loans. The cooperative also maintains deposits for the benefit of its members, numbering 47,463.

Abri Credit Union's dedication to its members extends beyond basic financial services. By functioning as a cooperative, the Union puts its members first and fosters a sense of community. Through this collaborative approach, members have access to tailored financial solutions and a supportive network. In this way, Abri Credit Union is more than just a financial institution; it's a partner in its members' financial journeys.

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Impact




October, 2024

Abri Credit Union significantly impacts its community by providing essential financial services to 27,040 members, which includes both individuals and businesses in DuPage, Will, and portions of Cook County. With a focus on helping members achieve financial success, the credit union has facilitated 20,991 consumer and real estate loans, supporting economic growth and stability for families and enterprises alike. Additionally, the maintenance of 47,463 deposit accounts underscores their commitment to fostering financial security among their members. Through these efforts, Abri Credit Union enhances access to financial resources and empowers the local community.




This information is meant to be a general summary of Abri 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
$19,117,577 (2022)
Expenses
$14,237,963 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,969,710
  • Program Service Revenue: $17,147,867
  • Gross Receipts: $19,117,577

Assets and Liabilities:

  • Total Assets: $395,936,429
  • Total Liabilities: $365,219,119
  • Net Assets: $30,717,310

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME ON LOANS

Revenue

$9,563,475

SERVICE FEES

Revenue

$2,853,752

CORP. STABILIZATION REFUND

Revenue

$1,716,800

GAIN ON SALE OF VISA STOCK

Revenue

$1,712,195

VISA INCOME

Revenue

$587,033

Organization Details

Founding Year

1949

Principal Officer

Brian Cedergren

Main Address

1350 W RENWICK ROAD, ROMEOVILLE, IL, 60446

NTEE Category

Code: W60 - Public benefit

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