Overview
What is Kankakee Federation Of Teachers Credit Union?
Kankakee Federation of Teachers Credit Union is a small, successful credit union, situated in Kankakee, Illinois. With a strong dedication to supporting teachers, this nonprofit institution has a mission to offer reliable, stable, and secure financial services to its current and future members. As of the provided information, they have extended over 775 loans and managed over 1,415 member share-type accounts. The credit union's mission is evident in its operations, aiming to assist educators in managing their finances effectively.
Official website here: www.kftcu.com
Is Kankakee Federation Of Teachers Credit Union legitimate?
Kankakee Federation Of Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kankakee Federation Of Teachers 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: $85,256
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kftcu.com
What is the mission statement of Kankakee Federation Of Teachers Credit Union?
The Kankakee Federation of Teachers Credit Union, being a small and successful institution, is dedicated to its teacher member base. Its mission is to offer reliable, stable, and secure financial services to both its current and future members. This commitment to teachers helping teachers is evident in its operations, where it provided over 775 loans and managed over 1,415 member share-type accounts.
Official website here: www.kftcu.com
Who is the CEO of Kankakee Federation Of Teachers Credit Union?
Patricia Geel is the Chair of Kankakee Federation Of Teachers Credit Union.
Official website here: www.kftcu.com
What is the revenue of Kankakee Federation Of Teachers Credit Union?
Kankakee Federation Of Teachers Credit Union's revenue in 2022 was $329,519.
Official website here: www.kftcu.com
Who are the executives of Kankakee Federation Of Teachers Credit Union and what are their salaries?
The average compensation at Kankakee Federation Of Teachers Credit Union during 2022 was $28,419. There are 3 employees and 6 volunteers at Kankakee Federation Of Teachers Credit Union.
Here are 9 key members and their salaries:
- Compensation: $18,834
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $36,230
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,192
- 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.kftcu.com
Where can I find the form 990 for Kankakee Federation Of Teachers Credit Union?
Kankakee Federation Of Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kftcu.com
Learn more at the official website: www.kftcu.com
Mission Statement of Kankakee Federation Of Teachers Credit Union
Kankakee Federation of Teachers Credit Union, a small and thriving organization, is dedicated to serving teachers by providing them with reliable, stable, and secure financial services. Its mission is centered around supporting both its current and future members, demonstrating a unique commitment to the teaching community. The credit union achieves this mission by offering a variety of loan options to its members, with over 775 loans being provided in total. Furthermore, it maintains over 1,415 member share-type accounts, indicating a strong focus on serving its community. In essence, Kankakee Federation of Teachers Credit Union exists to support teachers financially, ensuring their financial well-being and stability.
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Impact
October, 2024
The Kankakee Federation of Teachers Credit Union plays a vital role in supporting educators by providing reliable financial services tailored to their needs. With a focus on mutual aid, it has successfully facilitated over 775 loans, allowing teachers to access the funds necessary for personal and professional growth. Additionally, the credit union manages more than 1,415 member share-type accounts, creating a robust financial foundation for its members.
By fostering a strong sense of community among teachers, the Kankakee Federation of Teachers Credit Union enables its members to achieve financial stability and security. Its commitment to the unique needs of educators strengthens the overall well-being of the teaching profession in Kankakee, IL, ultimately benefiting the entire community. Through its dedicated services, the credit union helps empower teachers to thrive in their careers while navigating financial challenges.
This information is meant to be a general summary of Kankakee Federation Of Teachers 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: $6,979
- Program Service Revenue: $322,540
- Gross Receipts: $329,519
Assets and Liabilities:
- Total Assets: $9,355,728
- Total Liabilities: $8,211,011
- Net Assets: $1,144,717
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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
$296,820
FEES AND COMMISSIONS
Revenue
$25,720
Organization Details
Founding Year
1956
Phone
(815) 802-4323Principal Officer
Patricia Geel
Main Address
1200 W JEFFERY ST, KANKAKEE, IL, 609014667
Website
www.kftcu.comNTEE Category
Code: W60 - Public benefit
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