Overview
What is Silgan White Cap Credit Union?
Silgan White Cap Credit Union is a nonprofit financial institution situated in Downers Grove, Illinois. Its primary mission is to offer savings accounts and low-interest loans to the employees of Silgan White Cap. The credit union, which has a total of two staff members, has provided 86 loans and 501 savings accounts to its members. It operates with the aim of providing financial aid to its employees, offering them the opportunity to save and borrow at competitive rates.
Is Silgan White Cap Credit Union legitimate?
Silgan White Cap Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Silgan White Cap 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: $34,353
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Silgan White Cap Credit Union?
The Silgan White Cap Credit Union's primary mission is to extend loan facilities and savings accounts to the employees of Silgan White Cap. This initiative aims to offer these individuals low-interest loans and attractive dividends on their savings accounts. The credit union has successfully provided 86 loans and opened 501 savings accounts for its members.
In essence, the credit union serves as a financial resource for the employees of Silgan White Cap, providing them with affordable borrowing options and rewarding savings opportunities. By doing so, it contributes to the financial well-being of its members.
Who is the CEO of Silgan White Cap Credit Union?
Unavailable
What is the revenue of Silgan White Cap Credit Union?
Silgan White Cap Credit Union's revenue in 2021 was $75,037.
Who are the executives of Silgan White Cap Credit Union and what are their salaries?
The average compensation at Silgan White Cap Credit Union during 2021 was $17,176. There are 2 employees and 10 volunteers at Silgan White Cap Credit Union.
Here are 11 key members and their salaries:
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- Compensation: $4,673
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- Compensation: $29,680
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- Other: $0
Where can I find the form 990 for Silgan White Cap Credit Union?
Silgan White Cap Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Silgan White Cap Credit Union
Silgan White Cap Credit Union is an organization dedicated to serving the financial needs of its members, who are primarily employees of Silgan White Cap. Its mission is to offer both savings accounts and loans to these individuals. The credit union aims to provide its members with access to low-interest loans, which can be beneficial in various financial situations. Additionally, it offers dividends on savings accounts, providing an opportunity for members to earn interest on their savings. In the given data, it is mentioned that in the recent past, the credit union has provided 86 loans and 501 savings accounts to its members.
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Impact
October, 2024
Silgan White Cap Credit Union significantly impacts its community by offering financial services tailored specifically for its employees. By providing low-interest loans and savings accounts, it enhances financial accessibility and supports the financial well-being of its members. In its recent efforts, the credit union has granted 86 loans, enabling employees to meet their financial needs, whether it’s for education, emergencies, or other personal goals. Additionally, it has established 501 savings accounts, fostering a culture of saving and financial responsibility among its members. Through these initiatives, Silgan White Cap Credit Union not only promotes financial health but also strengthens the economic stability of its workforce in Downers Grove, IL.
This information is meant to be a general summary of Silgan White Cap 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 2021.
- Investment Income: $3,342
- Program Service Revenue: $38,655
- Gross Receipts: $75,037
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$38,655
Organization Details
Founding Year
1935
Phone
(630) 515-5144Main Address
1140 West 31st Street, Downers Grove, IL, 60515
NTEE Category
Code: W60 - Public benefit
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