Overview
What is Kankakee Terminal Belt Credit Union?
Kankakee Terminal Belt Credit Union is a local financial institution, headquartered at 1370 W Court St, Kankakee, Illinois. With a small team of four dedicated employees, this credit union is committed to serving its members by offering a range of financial services. Its primary role includes providing consumer loans and managing deposits, including savings, checking, and Certificate of Deposit (CD) accounts. The credit union has extended approximately 360 consumer loans and issued 130 Visa cards to its members, demonstrating its active engagement in supporting its community's financial needs.
Official website here: www.ktbcu.com
Is Kankakee Terminal Belt Credit Union legitimate?
Kankakee Terminal Belt Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kankakee Terminal Belt 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: $73,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,423
For more financial information, click here
Official website here: www.ktbcu.com
What is the mission statement of Kankakee Terminal Belt Credit Union?
Kankakee Terminal Belt Credit Union's primary purpose is to serve its members by providing consumer loans and managing savings, checking, and CD accounts. This non-profit organization operates with a mission to extend these financial services, ensuring member access to credit and deposit options. The credit union has been active in providing approximately 360 consumer loans and issuing 130 Visa cards, demonstrating its commitment to meeting its members' financial needs.
Official website here: www.ktbcu.com
Who is the CEO of Kankakee Terminal Belt Credit Union?
Unavailable
Official website here: www.ktbcu.com
What is the revenue of Kankakee Terminal Belt Credit Union?
Kankakee Terminal Belt Credit Union's revenue in 2022 was $406,478.
Official website here: www.ktbcu.com
Who are the executives of Kankakee Terminal Belt Credit Union and what are their salaries?
The average compensation at Kankakee Terminal Belt Credit Union during 2022 was $37,372. There are 4 employees and 5 volunteers at Kankakee Terminal Belt Credit Union.
Here are 7 key members and their salaries:
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- Compensation: $73,064
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- Other: $0
Official website here: www.ktbcu.com
Where can I find the form 990 for Kankakee Terminal Belt Credit Union?
Kankakee Terminal Belt Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ktbcu.com
Learn more at the official website: www.ktbcu.com
Mission Statement of Kankakee Terminal Belt Credit Union
Kankakee Terminal Belt Credit Union, as a financial institution, is dedicated to serving its members by providing consumer loans and managing savings, checking, and Certificate of Deposit (CD) accounts. In essence, the credit union's mission is to act as a financial partner for its members, offering them the necessary financial tools to meet their financial needs.
The credit union's primary activity involves the provision of consumer loans, which could include various types of loans such as home loans, auto loans, or personal loans. This service enables members to meet their financial goals, whether it's purchasing a home, buying a car, or addressing unexpected expenses.
In addition to loan services, Kankakee Terminal Belt Credit Union also accepts deposits on savings, checking, and CD accounts. This means that members can store their money safely and earn interest on their savings, while also having easy access to their funds through checking accounts. This feature provides members with financial stability and flexibility, enabling them to manage their finances more effectively.
In summary, Kankakee Terminal Belt Credit Union's mission is to provide its members with financial assistance through consumer loans and deposit services on savings, checking, and CD accounts. By doing so, the credit union aims to empower its members to manage their finances effectively and achieve their financial goals.
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Impact
October, 2024
Kankakee Terminal Belt Credit Union plays a vital role in the Kankakee community by facilitating access to financial services. Through approximately 360 consumer loans and 130 VISA cards, the credit union empowers its members to achieve their personal financial goals. By receiving deposits in savings, checking, and CD accounts, it fosters a culture of saving and financial responsibility among its members. This commitment to providing essential financial resources not only enhances individual financial stability but also contributes to the overall economic health of the Kankakee area. Through its focus on consumer lending and savings opportunities, Kankakee Terminal Belt Credit Union effectively meets the needs of its community and promotes public benefit.
This information is meant to be a general summary of Kankakee Terminal Belt 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: $15,451
- Program Service Revenue: $376,961
- Gross Receipts: $406,478
Assets and Liabilities:
- Total Assets: $7,176,448
- Total Liabilities: $6,560,394
- Net Assets: $616,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$283,451
FEES AND CHARGES
Revenue
$93,510
Organization Details
Founding Year
1953
Phone
(815) 939-1688Main Address
1370 W COURT ST, KANKAKEE, IL, 609013345
Website
www.ktbcu.comNTEE Category
Code: W60 - Public benefit
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