Overview
What is Advantage One Credit Union?
Advantage One Credit Union is a community-focused financial institution located in Morrison, Illinois, with an address at 204 N Jackson St. With a strong commitment to serving its members, it offers various deposit account options. In 2022, they expanded their membership base by opening 121 new accounts. As of December 31, 2022, Advantage One Credit Union boasted 2,549 members. The credit union's mission revolves around providing reliable and convenient financial services to enhance the local community's well-being. With a team of 11 dedicated employees, Advantage One Credit Union maintains a steadfast dedication to its members and the community it serves.
Official website here: www.adonecu.org
Is Advantage One Credit Union legitimate?
Advantage One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Advantage One 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: $137,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,815
For more financial information, click here
Official website here: www.adonecu.org
What is the mission statement of Advantage One Credit Union?
Advantage One Credit Union is committed to serving the community by providing reliable and convenient financial services. Their mission, as stated, is to fulfill this duty, earning the trust of their members. In 2022, they expanded their offerings by opening 121 new deposit accounts. As of December 31, 2022, they had a membership base of 2,549 individuals, demonstrating their success in meeting the financial needs of their community.
Official website here: www.adonecu.org
Who is the CEO of Advantage One Credit Union?
Michael Hemmer is the President (T of Advantage One Credit Union.
Official website here: www.adonecu.org
What is the revenue of Advantage One Credit Union?
Advantage One Credit Union's revenue in 2022 was $816,913.
Official website here: www.adonecu.org
Who are the executives of Advantage One Credit Union and what are their salaries?
The average compensation at Advantage One Credit Union during 2022 was $29,592. There are 11 employees and 9 volunteers at Advantage One Credit Union.
Here are 9 key members and their salaries:
- Compensation: $95,456
- Related: $0
- Other: $0
- Compensation: $42,244
- Related: $0
- Other: $6,407
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.adonecu.org
Where can I find the form 990 for Advantage One Credit Union?
Advantage One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adonecu.org
Learn more at the official website: www.adonecu.org
Mission Statement of Advantage One Credit Union
Advantage One Credit Union, a community-focused financial institution, is committed to serving its members by providing reliable and convenient financial services. The organization's mission is centered around this principle, aiming to cater to the financial needs of its members in a trustworthy manner. Throughout 2022, Advantage One Credit Union expanded its reach, opening 121 new deposit accounts, indicating its dedication to serving an increasing number of community members. As of December 31, 2022, the credit union boasted a membership of 2,549 individuals, demonstrating its growing influence and trust within the community.
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Impact
October, 2024
Advantage One Credit Union plays a vital role in the community by offering accessible and reliable financial services tailored to the needs of its members. With a focus on serving their local area, the credit union has successfully opened 121 new deposit accounts in 2022, bringing their total membership to 2,549 by the end of the year. This growth reflects their commitment to providing community members with essential banking options that foster financial stability and empowerment. Situated in Morrison, IL, Advantage One Credit Union remains dedicated to delivering trusted financial solutions that enhance the lives of its members and support the overall well-being of the community.
This information is meant to be a general summary of Advantage One 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: $145,715
- Program Service Revenue: $667,673
- Gross Receipts: $838,913
Assets and Liabilities:
- Total Assets: $25,365,173
- Total Liabilities: $23,207,841
- Net Assets: $2,157,332
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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
$531,262
OTHER MEMBER RELATED REVENUE
Revenue
$71,511
MEMBER FEE INCOME
Revenue
$62,586
FEE & INSURANCE INCOME
Revenue
$2,314
Organization Details
Founding Year
1960
Phone
(815) 772-7215Principal Officer
Michael Hemmer
Main Address
204 N JACKSON ST, MORRISON, IL, 61270
Website
www.adonecu.orgNTEE Category
Code: W60 - Public benefit
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