Overview
What is Rock Valley Credit Union?
Rock Valley Credit Union is a cooperative non-profit organization, established under the National Credit Union Act. Its primary goal is to promote savings among its members and offer credit at affordable interest rates. This credit union operates based on the principle of cooperation, aiming to benefit its members collectively. It serves as a financial resource, providing credit and fostering financial responsibility among its members.
Official website here: www.rockvalleycreditunion.org
Is Rock Valley Credit Union legitimate?
Rock Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rock Valley 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: $382,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,346,259
For more financial information, click here
Official website here: www.rockvalleycreditunion.org
What is the mission statement of Rock Valley Credit Union?
Rock Valley Credit Union serves as a cooperative non-profit association, established under the National Credit Union Act. Its primary purpose is to foster savings among its members and offer credit at reasonable interest rates. The credit union's mission is centered around encouraging financial responsibility among its members while providing them with accessible and affordable credit solutions. By operating as a cooperative, Rock Valley Credit Union aims to empower its members financially, acting as a supportive community for its members' financial needs.
Official website here: www.rockvalleycreditunion.org
Who is the CEO of Rock Valley Credit Union?
Darlyne Keller is the Chairperson of Rock Valley Credit Union. The CEO's salary of Rock Valley Credit Union is $222,571 and their total compensation is $229,430.
Official website here: www.rockvalleycreditunion.org
What is the revenue of Rock Valley Credit Union?
Rock Valley Credit Union's revenue in 2022 was $10,229,890.
Official website here: www.rockvalleycreditunion.org
Who are the executives of Rock Valley Credit Union and what are their salaries?
The average compensation at Rock Valley Credit Union during 2022 was $44,732. There are 61 employees and 8 volunteers at Rock Valley Credit Union.
Here are 10 key members and their salaries (Rock Valley Credit Union's CEO's salary is $222,571 and their total compensation is $229,430):
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- Compensation: $144,597
- Related: $0
- Other: $8,386
- Compensation: $222,571
- Related: $0
- Other: $6,859
Official website here: www.rockvalleycreditunion.org
Where can I find the form 990 for Rock Valley Credit Union?
Rock Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockvalleycreditunion.org
Learn more at the official website: www.rockvalleycreditunion.org
Mission Statement of Rock Valley Credit Union
Rock Valley Credit Union, established as a cooperative non-profit association, is dedicated to fostering thrift among its members and serving as a reliable source of credit at reasonable interest rates. This organization, operating under the National Credit Union Act, aims to encourage its members to save and provides them with affordable borrowing options. By promoting thrift and offering affordable credit, Rock Valley Credit Union seeks to empower its members financially, allowing them to manage their financial resources more effectively.
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Impact
October, 2024
Rock Valley Credit Union fosters a positive impact by promoting financial well-being and stability within the community. By encouraging thrift among its members, it helps individuals build savings and develop responsible financial habits. This commitment to member-centric services allows individuals and families to access credit at reasonable rates, enhancing their ability to invest in homes, education, and other essential needs.
Located in Loves Park, IL, Rock Valley Credit Union serves as a crucial financial resource, supporting members in achieving their financial goals while contributing to the overall economic health of the community. Through its cooperative model, it prioritizes the interests of its members, reinforcing a culture of mutual assistance and support. The emphasis on affordability and accessibility of financial services ensures that a diverse range of community members can benefit, thus playing a vital role in uplifting the local economy and enhancing financial literacy.
This information is meant to be a general summary of Rock Valley 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: $302,379
- Program Service Revenue: $9,927,511
- Gross Receipts: $10,229,890
Assets and Liabilities:
- Total Assets: $148,256,688
- Total Liabilities: $132,897,010
- Net Assets: $15,359,678
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$4,975,296
OTHER INCOME
Revenue
$3,314,731
FEES AND CHARGES
Revenue
$1,637,484
Organization Details
Founding Year
1968
Phone
(815) 282-0300Principal Officer
Darlyne Keller
Main Address
1201 CLIFFORD AVE, LOVES PARK, IL, 61111
NTEE Category
Code: W61 - Public benefit
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