Overview
What is Streator Onized Credit Union?
Streator Onized Credit Union is a financial institution based on enhancing the economic and social well-being of its members and communities. They achieve this goal by offering quality financial services, including taking in deposits for 3504 new savings accounts and providing 69 real estate loans to their members. Their mission is dedicated to improving the livelihoods of their members and community through financial assistance and services.
Official website here: www.socu.org
Is Streator Onized Credit Union legitimate?
Streator Onized Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Streator Onized 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: $933,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,300,772
For more financial information, click here
Official website here: www.socu.org
What is the mission statement of Streator Onized Credit Union?
Streator Onized Credit Union is dedicated to improving the economic and social well-being of its members and the communities it serves. Through the provision of high-quality financial services, it aims to enhance members' financial capabilities and contribute positively to the communities. The credit union's activities include accepting deposits for new savings accounts and granting real estate loans to members. By focusing on financial services that benefit both individuals and communities, Streator Onized Credit Union fosters financial growth and stability.
Official website here: www.socu.org
Who is the CEO of Streator Onized Credit Union?
Douglas Patterson is the CEO of Streator Onized Credit Union The CEO's salary of Streator Onized Credit Union is $211,972 and their total compensation is $256,108.
Official website here: www.socu.org
What is the revenue of Streator Onized Credit Union?
Streator Onized Credit Union's revenue in 2024 was $32,389,635.
Official website here: www.socu.org
Who are the executives of Streator Onized Credit Union and what are their salaries?
The average compensation at Streator Onized Credit Union during 2024 was $47,596. There are 152 employees and 7 volunteers at Streator Onized Credit Union.
Here are 12 key members and their salaries (Streator Onized Credit Union's CEO's salary is $211,972 and their total compensation is $256,108):
- Compensation: $211,972
- Related: $0
- Other: $44,136
- Compensation: $145,261
- Related: $0
- Other: $31,088
- Compensation: $146,410
- Related: $0
- Other: $23,691
- Compensation: $134,541
- Related: $0
- Other: $32,313
- Compensation: $146,224
- Related: $0
- Other: $18,135
- Compensation: $7,850
- Related: $0
- Other: $0
- Compensation: $6,900
- Related: $0
- Other: $0
- Compensation: $6,350
- Related: $0
- Other: $0
- Compensation: $6,300
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,850
- Related: $0
- Other: $0
- Compensation: $1,040
- Related: $0
- Other: $0
Official website here: www.socu.org
Where can I find the form 990 for Streator Onized Credit Union?
Streator Onized Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.socu.org
Learn more at the official website: www.socu.org
Mission Statement of Streator Onized Credit Union
Streator Onized Credit Union, a prominent financial institution, is dedicated to enhancing the economic and social well-being of its members and communities. Through its mission, the Credit Union goes beyond offering standard financial services, aiming to make a positive impact on the lives of those it serves.
The Credit Union's commitment to quality is evident in its programs, which not only receive deposits on new savings accounts but also facilitate 69 real estate loans for its members. These financial tools enable individuals to build a strong financial foundation, ultimately contributing to their overall well-being.
By providing quality financial services, Streator Onized Credit Union sets itself apart as more than just a financial institution. It is a vital resource that empowers its members to make informed financial decisions and work towards a better future. The Credit Union's dedication to its mission ensures that it continues to be an essential partner in the economic growth and social development of the communities it serves.
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Impact
October, 2024
Streator Onized Credit Union significantly enhances the economic and social well-being of its members and the surrounding communities in Streator, IL. By providing quality financial services, it fosters financial stability and growth for individuals and families. With a strong focus on accessibility, the credit union has opened 3,504 new accounts, facilitating savings and encouraging responsible financial practices among its members.
Additionally, Streator Onized Credit Union supports homeownership and community development through the provision of 69 real estate loans. This not only contributes to the local economy but also helps families achieve their aspirations of owning a home, thereby strengthening the community fabric. Overall, the credit union plays a vital role in promoting financial health and stability, making a meaningful impact on the lives of those it serves.
This information is meant to be a general summary of Streator Onized 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 2024.
- Investment Income: $2,135,654
- Program Service Revenue: $30,261,291
- Gross Receipts: $33,570,111
Assets and Liabilities:
- Total Assets: $335,438,347
- Total Liabilities: $284,638,112
- Net Assets: $50,800,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$23,645,674
Fees and Charges
Revenue
$5,944,541
Insurance Charges
Revenue
$671,076
Organization Details
Founding Year
1939
Principal Officer
Douglas Patterson
Website
www.socu.orgNTEE Category
Code: W61 - Public benefit
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