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Us Employees Credit Union

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

EIN: 362479293 ✦ Chicago, IL ✦ Designated as a 501(c)(14)

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Overview

What is Us Employees Credit Union?

Us Employees Credit Union is a not-for-profit financial institution, headquartered in Chicago, Illinois. As a state-chartered credit union, it is dedicated to serving its members by providing various financial services, including consumer and real estate loans. At the end of 2022, it had 135,046 outstanding loans totaling $29,567,387. The Credit Union operates with a mission to benefit its members, offering competitive interest rates on share deposits and making loans to its members. The institution employs a team of 24 individuals to manage its operations.


Official website here: www.myusecu.org

Is Us Employees Credit Union legitimate?

Us Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Us Employees 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: $1,105,396
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,185

For more financial information, click here


Official website here: www.myusecu.org

What is the mission statement of Us Employees Credit Union?

The United States Employees Credit Union, as a member-oriented institution, is committed to providing financial services with the aim of benefiting its members. This Illinois-chartered credit union extends loans to its members and offers competitive interest rates on share deposits, paying dividends back to its members. The Credit Union's primary activities involve offering consumer and real estate loans to its members. As of December 31, 2022, the credit union had issued 135,046 loans, amounting to a total of $29,567,387.


Official website here: www.myusecu.org

Who is the CEO of Us Employees Credit Union?

Eric Stiegel is the Chairman of Us Employees Credit Union. The CEO's salary of Us Employees Credit Union is $413,612 and their total compensation is $460,366.


Official website here: www.myusecu.org

What is the revenue of Us Employees Credit Union?

Us Employees Credit Union's revenue in 2022 was $4,317,476.


Official website here: www.myusecu.org

Who are the executives of Us Employees Credit Union and what are their salaries?

The average compensation at Us Employees Credit Union during 2022 was $69,358. There are 24 employees and 6 volunteers at Us Employees Credit Union.


Here are 10 key members and their salaries (Us Employees Credit Union's CEO's salary is $413,612 and their total compensation is $460,366):


Paul E Durbak (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Therese Anderson (Vice-Chairman/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Stiegel (Cu Ceo/Board Treasurer)
  • Compensation: $413,612
  • Related: $0
  • Other: $46,754
Michael Myers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kuck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Slamar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cherie Mcclendon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilda R Padin (Chief Operating Officer)
  • Compensation: $196,398
  • Related: $0
  • Other: $29,603
John Morin (Vp-Information Technology)
  • Compensation: $157,628
  • Related: $0
  • Other: $11,778
Frank Nicholson (Chief Financial Officer)
  • Compensation: $196,511
  • Related: $0
  • Other: $30,782


Official website here: www.myusecu.org

Where can I find the form 990 for Us Employees Credit Union?

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


Official website here: www.myusecu.org

Learn more at the official website: www.myusecu.org

Mission Statement of Us Employees Credit Union

Us Employees Credit Union, as an Illinois state-chartered entity, is committed to serving its members by operating for their mutual benefit. This credit union provides financial services, making loans and offering dividends to members with share deposits at a competitive rate of interest. Its primary activity involves extending consumer and real estate loans to its members, with a total of 135,046 loans outstanding as of December 31, 2022, amounting to $29,567,387. In essence, Us Employees Credit Union is a cooperative financial institution that aims to strengthen its members' financial well-being by offering affordable loans and competitive returns on savings.

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Impact




October, 2024

Us Employees Credit Union plays a significant role in the financial landscape of its community in Chicago, Illinois. By offering a range of financial services, it helps to empower its members, providing them with essential access to consumer and real estate loans. As of December 31, 2022, the Credit Union had an impressive 135,046 loans outstanding, totaling $29,567,387.

This extensive loan activity illustrates the Credit Union's commitment to fostering financial stability and growth among its members. By prioritizing the mutual benefit of its members, Us Employees Credit Union not only facilitates individual financial success but also contributes to the overall economic health of the community. Additionally, by paying competitive dividends on share deposits, the Credit Union rewards its members for their savings, further enhancing their financial wellbeing.




This information is meant to be a general summary of Us Employees 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
$4,317,476 (2022)
Expenses
$3,635,414 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $830,576
  • Program Service Revenue: $3,471,696
  • Gross Receipts: $4,363,686

Assets and Liabilities:

  • Total Assets: $101,726,447
  • Total Liabilities: $91,341,620
  • Net Assets: $10,384,827

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Programs

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

Fees and service charg

Revenue

$1,889,629

Int - loans to members

Revenue

$1,582,067

Organization Details

Founding Year

1953

Principal Officer

Eric Stiegel

Main Address

230 S Dearborn 29th Floor 2962, Chicago, IL, 60604

NTEE Category

Code: W61 - Public benefit

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