Service Plus Credit Union

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

EIN: 362442996 ✦ Moline, IL ✦ Designated as a 501(c)(14)

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Overview

What is Service Plus Credit Union?

Service Plus Credit Union is a member-focused financial institution, serving a community of 1,744 individuals. Established with the primary objective of managing savings and extending loans, the credit union offers a range of related financial services to its members. By fostering a saving culture and providing financial assistance, Service Plus Credit Union plays an essential role in supporting its community's financial well-being.


Official website here: www.service-pluscu.org

Is Service Plus Credit Union legitimate?

Service Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Service Plus 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: $204,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,881

For more financial information, click here


Official website here: www.service-pluscu.org

What is the mission statement of Service Plus Credit Union?

Service Plus Credit Union is dedicated to serving its 1,744 members by managing their savings and providing them with necessary loans, alongside related services. The credit union's mission is centered around facilitating financial well-being for its members, ensuring they have access to credit and savings solutions that cater to their financial needs. By accepting deposits and extending loans, Service Plus Credit Union plays a significant role in promoting financial stability for its membership base.


Official website here: www.service-pluscu.org

Who is the CEO of Service Plus Credit Union?

Kristine Kilburg is the Chairman of Service Plus Credit Union. The CEO's salary of Service Plus Credit Union is $92,511 and their total compensation is $118,742.


Official website here: www.service-pluscu.org

What is the revenue of Service Plus Credit Union?

Service Plus Credit Union's revenue in 2022 was $1,113,638.


Official website here: www.service-pluscu.org

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

The average compensation at Service Plus Credit Union during 2022 was $55,088. There are 6 employees at Service Plus Credit Union.


Here are 9 key members and their salaries (Service Plus Credit Union's CEO's salary is $92,511 and their total compensation is $118,742):


Dale Adamson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Shimmin (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Pinger (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Anderson (Credit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Lindsey (Credit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gratton (Supervisory Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonya Woodward (Supervisory Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristine Kilburg (Ceo/President)
  • Compensation: $92,511
  • Related: $0
  • Other: $26,231
Elena Sosa (Vice President)
  • Compensation: $69,891
  • Related: $0
  • Other: $16,015


Official website here: www.service-pluscu.org

Where can I find the form 990 for Service Plus Credit Union?

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


Official website here: www.service-pluscu.org

Learn more at the official website: www.service-pluscu.org

Mission Statement of Service Plus Credit Union

Service Plus Credit Union, as a nonprofit organization, is dedicated to providing credit and savings services to its 1,744 members. The union's primary function is to receive savings from its members and in turn, offer them loans and related services. By doing so, Service Plus Credit Union aims to serve as a financial resource for its members, helping them manage their finances effectively. The union's activities are centered around providing credit and savings services, which are essential for its members' financial well-being. The organization's mission is to support its members in their financial journeys, offering them the necessary tools to save, borrow, and manage their finances responsibly.

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Impact




October, 2024

Service Plus Credit Union plays a vital role in the community by providing essential credit and savings services to its 1,744 members in Moline, IL. By receiving members' savings, granting loans, and offering related financial services, the credit union fosters financial stability and empowers individuals and families to achieve their financial goals.

Its commitment to public benefit enhances economic well-being in the region, encouraging responsible financial practices while enabling members to access the necessary resources for investments, education, home ownership, and personal growth. This impactful presence in the community supports a cycle of saving and lending that contributes to local economic development.




This information is meant to be a general summary of Service Plus 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
$1,113,638 (2022)
Expenses
$928,406 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $111,984
  • Program Service Revenue: $696,353
  • Gross Receipts: $1,113,638

Assets and Liabilities:

  • Total Assets: $31,933,152
  • Total Liabilities: $28,221,043
  • Net Assets: $3,712,109

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Programs

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

INTEREST INCOME

Revenue

$696,353

Organization Details

Founding Year

1950

Principal Officer

Kristine Kilburg

Main Address

2110 53RD STREET, MOLINE, IL, 61265

NTEE Category

Code: W60 - Public benefit

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