Overview
What is Ottawa Hiway Credit Union?
Ottawa Hiway Credit Union is a nonprofit financial institution situated at 700 E Norris Dr, Ottawa, IL. With a team of five dedicated individuals, the credit union's primary goal is to support its members in managing their financial well-being. They achieve this by offering various services such as loans, savings accounts, and other financial institution offerings. The credit union has assisted over 720 members by providing these financial services, and they manage over 2,010 share accounts for their members. The credit union operates in a friendly and professional manner, making it an accessible and reliable financial resource for its members.
Official website here: www.ottawahiwaycu.com
Is Ottawa Hiway Credit Union legitimate?
Ottawa Hiway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ottawa Hiway 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: $93,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,763
For more financial information, click here
Official website here: www.ottawahiwaycu.com
What is the mission statement of Ottawa Hiway Credit Union?
Ottawa Hiway Credit Union's mission is centered around assisting its members in managing their financial well-being. This is achieved by offering a variety of financial services, including loans and savings accounts, in a friendly and professional manner. The credit union's activities are geared towards providing these services, aiming to make a positive impact on the financial lives of its members. As of the provided data, the credit union had extended loans to over 720 members and managed over 2,010 share accounts for them.
Official website here: www.ottawahiwaycu.com
Who is the CEO of Ottawa Hiway Credit Union?
Debra Rosencrans is the Treasurer of Ottawa Hiway Credit Union.
Official website here: www.ottawahiwaycu.com
What is the revenue of Ottawa Hiway Credit Union?
Ottawa Hiway Credit Union's revenue in 2022 was $523,399.
Official website here: www.ottawahiwaycu.com
Who are the executives of Ottawa Hiway Credit Union and what are their salaries?
The average compensation at Ottawa Hiway Credit Union during 2022 was $38,698. There are 5 employees and 18 volunteers at Ottawa Hiway Credit Union.
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- Compensation: $58,886
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- Other: $34,841
Official website here: www.ottawahiwaycu.com
Where can I find the form 990 for Ottawa Hiway Credit Union?
Ottawa Hiway Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ottawahiwaycu.com
Learn more at the official website: www.ottawahiwaycu.com
Mission Statement of Ottawa Hiway Credit Union
Ottawa Hiway Credit Union is dedicated to assisting its members in managing their financial well-being. This nonprofit organization achieves this by offering a variety of financial services, including loans and savings accounts, in a friendly and professional manner. The mission of Ottawa Hiway Credit Union is to serve its members by providing them with the necessary financial tools to manage their finances effectively. By doing so, the credit union aims to contribute positively to the financial stability of its members.
The credit union's activities are centered around this mission. It extends loans to over 720 of its members, demonstrating its commitment to financial assistance. Furthermore, Ottawa Hiway Credit Union manages over 2,010 share accounts for its members, indicating its role in saving and investment services. In essence, the credit union is a supportive financial partner to its members, helping them navigate their financial journeys with confidence and ease.
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Impact
October, 2024
Ottawa Hiway Credit Union significantly enhances the financial well-being of its community by providing essential financial services tailored to its members' needs. By offering loans and savings accounts, the Credit Union supports over 720 members in achieving their personal and financial goals. With more than 2,010 share accounts, it creates a supportive environment that fosters financial management and growth. Located in Ottawa, IL, the Credit Union prioritizes a friendly and professional approach, ensuring its members have access to valuable resources and services aimed at promoting their financial health and stability.
This information is meant to be a general summary of Ottawa Hiway 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: $75,796
- Program Service Revenue: $447,603
- Gross Receipts: $523,399
Assets and Liabilities:
- Total Assets: $14,538,794
- Total Liabilities: $12,663,776
- Net Assets: $1,875,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$337,848
FEES AND CHARGES
Revenue
$109,755
Organization Details
Founding Year
1963
Phone
(815) 434-8475Principal Officer
Debra Rosencrans
Main Address
700 E NORRIS DR, OTTAWA, IL, 613501628
Website
www.ottawahiwaycu.comNTEE Category
Code: W60 - Public benefit
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