Overview
What is Harvard Community Credit Union?
Harvard Community Credit Union is a nonprofit financial institution located at 1200 S Division, Harvard, Illinois 60033. With a dedicated workforce of seven employees, its primary mission is to assist its members with their financial needs, thereby strengthening the credit union's financial position. As of December 31, 2020, the credit union managed a total of 1,081 consumer loans, catering to various financial requirements. These loans include 454 unsecured loans and lines of credit, 461 vehicle loans, 64 real estate loans, and 102 miscellaneous loans. The credit union's activities are focused on meeting the financial needs of its members, thereby contributing to their overall financial well-being.
Official website here: www.harvardccu.org
Is Harvard Community Credit Union legitimate?
Harvard Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Harvard 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: $84,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,890
For more financial information, click here
Official website here: www.harvardccu.org
What is the mission statement of Harvard Community Credit Union?
The mission of Harvard Community Credit Union is centered around assisting its members with their financial needs while simultaneously strengthening the financial health of the credit union itself. This organization aims to provide support to its members, catering to various financial requirements such as consumer loans, vehicle loans, real estate loans, and miscellaneous loans. The presence of a diverse range of loan options underscores the credit union's commitment to meeting the financial needs of its members.
Official website here: www.harvardccu.org
Who is the CEO of Harvard Community Credit Union?
Connie Anderson is the Director/Cu Pres of Harvard Community Credit Union.
Official website here: www.harvardccu.org
What is the revenue of Harvard Community Credit Union?
Harvard Community Credit Union's revenue in 2022 was $1,114,312.
Official website here: www.harvardccu.org
Who are the executives of Harvard Community Credit Union and what are their salaries?
The average compensation at Harvard Community Credit Union during 2022 was $41,839. There are 7 employees and 6 volunteers at Harvard Community Credit Union.
Here are 7 key members and their salaries:
- Compensation: $84,984
- Related: $0
- Other: $4,109
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.harvardccu.org
Where can I find the form 990 for Harvard Community Credit Union?
Harvard Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harvardccu.org
Learn more at the official website: www.harvardccu.org
Mission Statement of Harvard Community Credit Union
Harvard Community Credit Union, with a mission at its core, aims to assist its members in managing their financial needs while simultaneously strengthening the financial health of the credit union itself. This dual objective ensures that the credit union can effectively support its members while maintaining its own financial stability. The credit union provides various loan services, including consumer loans, vehicle loans, real estate loans, and miscellaneous loans, totaling 1,081 loans as of December 31, 2020. Among these, there are 454 unsecured loans and lines of credit, 461 vehicle loans, 64 real estate loans, and 102 miscellaneous loans. The credit union's mission is to provide its members with necessary financial assistance while maintaining a robust financial foundation for the credit union as a whole.
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Impact
October, 2024
Harvard Community Credit Union significantly impacts its members and the local community by providing essential financial services tailored to their needs. With a strong focus on consumer loans, it has facilitated access to a range of financial products, including unsecured loans, vehicle loans, and real estate loans, totaling 1,081 loans as of December 31, 2020. This broad accessibility empowers individuals and families in Harvard, IL, to achieve their financial goals, whether it’s purchasing a vehicle, buying a home, or managing day-to-day expenses.
By enhancing the financial strength of the credit union while assisting its members, Harvard Community Credit Union fosters economic growth within the community. Its mission to support members financially contributes not only to individual prosperity but also to the overall economic well-being of the town. Through personalized service and a commitment to member education, the credit union strengthens the fabric of the community it serves, ensuring that its impact is felt beyond just financial transactions.
This information is meant to be a general summary of Harvard 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: $103,144
- Program Service Revenue: $969,674
- Gross Receipts: $1,114,312
Assets and Liabilities:
- Total Assets: $24,510,721
- Total Liabilities: $22,371,423
- Net Assets: $2,139,298
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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
$815,003
LATE LOAN FEES
Revenue
$43,899
DOC FEES
Revenue
$43,132
INTERCHANGE/DEBIT CARD
Revenue
$42,425
SHARE DRAFT FEES
Revenue
$25,215
Organization Details
Founding Year
1956
Phone
(815) 943-6500Principal Officer
Connie Anderson
Main Address
1200 S DIVISION, HARVARD, IL, 60033
Website
www.harvardccu.orgNTEE Category
Code: W60 - Public benefit
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