Dupage County Employees Credit Union

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

EIN: 362499947 ✦ Wheaton, IL ✦ Designated as a 501(c)(14)

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Overview

What is Dupage County Employees Credit Union?

Dupage County Employees Credit Union is a nonprofit financial institution, headquartered at 421 N County Farm Rd, Wheaton, IL 60187. Established with the mission of 'people helping people,' the credit union offers its services primarily to over 500 members, providing them with affordable consumer loans. Additionally, it attracts deposits from over 1000 members, ensuring their savings are secure. The credit union stands out due to its lower loan rates, higher dividends on savings, and lower fees. It is committed to delivering exceptional personal service to its members, maintaining a strong financial position for over 60 years. With a team of just 4 employees, Dupage County Employees Credit Union continues its tradition of providing affordable financial services to its members.


Official website here: www.dupagececu.org

Is Dupage County Employees Credit Union legitimate?

Dupage County Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Dupage County 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: $11,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,305

For more financial information, click here


Official website here: www.dupagececu.org

What is the mission statement of Dupage County Employees Credit Union?

The DuPage County Employees Credit Union carries on the tradition of community aid by offering affordable financial services. Their mission involves providing lower loan rates, paying higher dividends on savings and certificates of deposit, and offering services with lower fees. They prioritize providing exceptional personal service to their members, which currently include over 500 individuals who have received consumer loans and over 1000 members who have deposited savings with them. In essence, the credit union continues to uphold the principle of people helping people, while maintaining a financially stable position for over six decades.


Official website here: www.dupagececu.org

Who is the CEO of Dupage County Employees Credit Union?

Kathryn Galles is the Treasurer/President of Dupage County Employees Credit Union.


Official website here: www.dupagececu.org

What is the revenue of Dupage County Employees Credit Union?

Dupage County Employees Credit Union's revenue in 2022 was $569,469.


Official website here: www.dupagececu.org

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

The average compensation at Dupage County Employees Credit Union during 2022 was $43,589. There are 4 employees and 13 volunteers at Dupage County Employees Credit Union.


Here are 9 key members and their salaries:


Kathryn Galles (Treasurer/President)
  • Compensation: $11,052
  • Related: $0
  • Other: $11,052
Paul Hinds (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Briggs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Groh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Flaherty (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Balgemann (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Craig Loveless (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Denniger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dupagececu.org

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

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


Official website here: www.dupagececu.org

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

Mission Statement of Dupage County Employees Credit Union

The DuPage County Employees Credit Union, with over 60 years of service, upholds the tradition of people helping people by offering affordable financial services. This nonprofit organization is committed to providing its members with lower loan rates, higher dividends on savings and certificates of deposit, and lower fees. The Credit Union's mission is to extend exceptional personal service, ensuring that its members can benefit from these financial advantages. By doing so, the DuPage County Employees Credit Union continues to uphold the philosophy of people helping people, making financial opportunities more accessible and affordable for its members.

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Impact




October, 2024

Dupage County Employees Credit Union has a significant impact on its members and the community by embodying the principle of mutual assistance through affordable financial services. With over 500 members benefiting from consumer loans, the credit union facilitates access to necessary funds, enabling individuals to make important purchases, whether it be for vehicles, education, or other significant expenses.

In addition, the credit union serves over 1,000 members by offering savings accounts that provide higher dividends compared to traditional banking options. This not only helps members grow their savings but also encourages a culture of saving and financial literacy within the community. Furthermore, by keeping fees low and emphasizing exceptional personal service, it ensures that members feel valued and supported in their financial journeys.

For more than 60 years, the organization has maintained a sound financial position while focusing on the employees of DuPage County. This commitment strengthens the financial stability of the community and fosters a spirit of collaboration and support among its members. Overall, Dupage County Employees Credit Union plays a vital role in promoting financial well-being and supporting the foundational values of community and cooperation.




This information is meant to be a general summary of Dupage County 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
$569,469 (2022)
Expenses
$484,691 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $113,277
  • Program Service Revenue: $330,091
  • Gross Receipts: $569,469

Assets and Liabilities:

  • Total Assets: $21,436,788
  • Total Liabilities: $19,538,492
  • Net Assets: $1,898,296

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Programs

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

INTEREST ON MEMBER LOANS

Revenue

$319,901

INSURANCE RELATED ACTIVITIES

Revenue

$10,190

Organization Details

Founding Year

1954

Principal Officer

Kathryn Galles

Main Address

421 N COUNTY FARM RD, WHEATON, IL, 60187

NTEE Category

Code: W60 - Public benefit

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