Overview
What is Maternity Bvm Credit Union?
Maternity BVM Credit Union is a not-for-profit financial institution, chartered in Illinois, dedicated to serving its members. As a state-authorized credit union, it provides various financial services, primarily focusing on consumer loans. The total outstanding loan amount at the end of 2022 was $7,348,822. The Credit Union operates with a mutual benefit philosophy, offering competitive interest rates on share deposits and dividends to its members. With a small workforce of five employees, Maternity BVM Credit Union fosters a sense of collective financial success among its members.
Official website here: www.mbvmcu.com
Is Maternity Bvm Credit Union legitimate?
Maternity Bvm Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Maternity Bvm 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: $150,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,507
For more financial information, click here
Official website here: www.mbvmcu.com
What is the mission statement of Maternity Bvm Credit Union?
Maternity BVM Credit Union, as an Illinois-state chartered institution, operates with a mission to serve its members for their mutual benefit. It provides financial services, including offering loans and paying dividends at competitive interest rates, to its members who have share deposits. The credit union's primary goal is to help its members achieve financial success collectively. It accomplishes this by making and servicing consumer loans to its members, with a total outstanding loan amount of $7,348,822 as of December 31, 2022.
Official website here: www.mbvmcu.com
Who is the CEO of Maternity Bvm Credit Union?
Lisa Lillis is the Pres/Treas of Maternity Bvm Credit Union.
Official website here: www.mbvmcu.com
What is the revenue of Maternity Bvm Credit Union?
Maternity Bvm Credit Union's revenue in 2022 was $451,936.
Official website here: www.mbvmcu.com
Who are the executives of Maternity Bvm Credit Union and what are their salaries?
The average compensation at Maternity Bvm Credit Union during 2022 was $37,851. There are 5 employees and 8 volunteers at Maternity Bvm Credit Union.
Here are 8 key members and their salaries:
- Compensation: $58,593
- Related: $0
- Other: $2,930
- Compensation: $58,593
- Related: $0
- Other: $2,930
- Compensation: $8,988
- Related: $0
- Other: $1,109
- 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.mbvmcu.com
Where can I find the form 990 for Maternity Bvm Credit Union?
Maternity Bvm Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbvmcu.com
Learn more at the official website: www.mbvmcu.com
Mission Statement of Maternity Bvm Credit Union
Maternity BVM Credit Union, as an Illinois state-chartered institution, is dedicated to serving its members with financial services. Its mission is rooted in the mutual benefit concept, where the credit union offers loans and returns dividends at competitive interest rates to its members, who have share deposits. The credit union operates with the goal of fostering financial success for each member, working together as a cooperative entity. The primary activity of Maternity BVM Credit Union involves making and servicing consumer loans to its members. As of December 31, 2022, the total amount of loans outstanding stood at $7,348,822. This demonstrates the credit union's commitment to providing financial assistance to its members, contributing to their financial well-being.
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Impact
October, 2024
Maternity BVM Credit Union plays a significant role in the financial well-being of its members by providing accessible financial services tailored to their needs. With a total of $7,348,822 in outstanding consumer loans as of December 31, 2022, the credit union actively supports its members in achieving their financial goals.
By offering competitive interest rates on loans and dividends on share deposits, Maternity BVM fosters a sense of community and mutual benefit among its members. This collaborative approach not only enhances individual financial success but also contributes to the overall economic health of the Bourbonnais, IL area. The credit union's commitment to empowering its members positions it as a vital resource for financial growth and stability in the community.
This information is meant to be a general summary of Maternity Bvm 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: $170,201
- Program Service Revenue: $248,144
- Gross Receipts: $834,496
Assets and Liabilities:
- Total Assets: $13,531,983
- Total Liabilities: $12,058,318
- Net Assets: $1,473,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee income
Revenue
$27,635
Interest on loans to Mbrs
Revenue
$220,509
Organization Details
Founding Year
1957
Phone
(815) 932-7131Principal Officer
Lisa Lillis
Main Address
PO Box 56, Bourbonnais, IL, 60914
Website
www.mbvmcu.comNTEE Category
Code: W61Z - Public benefit
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