Overview
What is Mercer Credit Union?
Mercer Credit Union is a community-focused financial institution situated in Aledo, Illinois. Its primary objective is to aid its members in managing their financial health by offering loans, savings accounts, and various other financial services. The credit union serves a membership of 586 savers and extends loans to 184 members, demonstrating its commitment to financial assistance. Despite the absence of an officially adopted mission statement from the board, Mercer Credit Union's activities align with its description of providing financial services in a friendly and professional manner.
Official website here: www.mercercreditunion.com
Is Mercer Credit Union legitimate?
Mercer Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mercer 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,725
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Official website here: www.mercercreditunion.com
What is the mission statement of Mercer Credit Union?
Mercer Credit Union, currently in its operations, focuses on supporting its members in managing their financial well-being. Through its services, the credit union offers loans, savings accounts, and various financial solutions in a welcoming and proficient manner. However, as of the provided information, Mercer Credit Union has not formally adopted a mission statement.
Official website here: www.mercercreditunion.com
What is the revenue of Mercer Credit Union?
Mercer Credit Union's revenue in 2023 was $97,508.
Official website here: www.mercercreditunion.com
Who are the executives of Mercer Credit Union and what are their salaries?
The average compensation at Mercer Credit Union during 2023 was $19,362. There are 2 employees and 9 volunteers at Mercer Credit Union.
Here are 9 key members and their salaries:
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Official website here: www.mercercreditunion.com
Where can I find the form 990 for Mercer Credit Union?
Mercer Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mercercreditunion.com
Learn more at the official website: www.mercercreditunion.com
Mission Statement of Mercer Credit Union
Mercer Credit Union, a financial institution, is committed to aiding its members in managing their financial well-being. The credit union achieves this by offering various financial services, including loans and savings accounts, in a friendly and professional manner. Although the board has yet to formally adopt a mission statement, the credit union's actions and services indicate a dedication to assisting its members in financial management.
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Impact
October, 2024
Mercer Credit Union significantly enhances the financial well-being of its members by offering essential services such as loans and savings accounts. Located in Aledo, IL, it serves a community of 586 members, providing them with a trustworthy and professional environment to manage their finances. With a focus on friendly service, Mercer Credit Union has successfully issued loans to 184 members, facilitating their access to necessary funds for various needs. By fostering a culture of support and financial literacy, Mercer Credit Union plays a crucial role in empowering individuals to achieve their financial goals.
This information is meant to be a general summary of Mercer 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 2023.
- Investment Income: $17,943
- Program Service Revenue: $79,565
- Gross Receipts: $97,508
Assets and Liabilities:
- Total Assets: $2,843,542
- Total Liabilities: $2,483,536
- Net Assets: $360,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Income from Loans
Revenue
$78,707
Organization Details
Founding Year
1969
Principal Officer
Vickie Korns
Website
www.mercercreditunion.comNTEE Category
Code: W60 - Public benefit
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