Overview
What is Healthcare Associates Credit Union?
Healthcare Associates Credit Union is a member-driven financial institution based in Naperville, Illinois. With a workforce of 80 employees, this credit union aims to promote savings among its members and offers them access to affordable credit. It provides various loan options, such as home equity, credit card, and vehicle loans, to eligible members in good standing. Additionally, share draft accounts come with no monthly fees for qualifying members. The credit union also facilitates electronic access to accounts using ATM/debit cards and checkcards. Their commitment is to serve and support their members financially.
Official website here: www.hacu.org
What are the reviews and ratings of this charity?
Healthcare Associates Credit Union is not currently rated by Charity Navigator. This is mainly due to its classification; it is not a 501(c)(3) IRS registered nonprofit, which means it doesn't meet Charity Navigator's criteria for evaluation, such as the Accountability & Finance or Impact & Measurement methodologies. The absence of a rating shouldn't be interpreted as positive or negative, merely that the organization hasn't been reviewed under Charity Navigator's system.
The organization operates independently, not affiliated with any national or regional groups. Lack of data on total revenue, expenses, and salaries of key personnel further limits the insights into its operations and financial health. While IRS Form 990 data is available, without the 501(c)(3) status, certain evaluations cannot be performed.
No user reviews are available from GreatNonprofits, leaving no supplementary community feedback to assess the organization's impact or public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Healthcare Associates Credit Union legitimate?
Healthcare Associates Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Healthcare Associates 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: $1,902,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,116,597
For more financial information, click here
Official website here: www.hacu.org
What is the mission statement of Healthcare Associates Credit Union?
Healthcare Associates Credit Union's primary objective is to foster savings among its members and serve as a dependable lending institution. The credit union extends loans to eligible members in good standing, offering various types such as home equity, credit card, and vehicle loans. Furthermore, share draft accounts are accessible with no monthly fees to those members who meet the requirements. Lastly, members have the convenience of using ATM/debit cards and checkcards to manage their accounts electronically.
Official website here: www.hacu.org
Who is the CEO of Healthcare Associates Credit Union?
Unavailable The CEO's salary of Healthcare Associates Credit Union is $1,167,121 and their total compensation is $1,277,617.
Official website here: www.hacu.org
What is the revenue of Healthcare Associates Credit Union?
Healthcare Associates Credit Union's revenue in 2022 was $20,273,181.
Official website here: www.hacu.org
Who are the executives of Healthcare Associates Credit Union and what are their salaries?
The average compensation at Healthcare Associates Credit Union during 2022 was $62,743. There are 80 employees and 12 volunteers at Healthcare Associates Credit Union.
Here are 20 key members and their salaries (Healthcare Associates Credit Union's CEO's salary is $1,167,121 and their total compensation is $1,277,617):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,167,121
- Related: $0
- Other: $110,496
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $197,252
- Related: $0
- Other: $63,836
- Compensation: $283,959
- Related: $0
- Other: $80,189
- Compensation: $163,847
- Related: $0
- Other: $51,707
- Compensation: $176,486
- Related: $0
- Other: $21,125
- Compensation: $184,949
- Related: $0
- Other: $45,201
- Compensation: $128,808
- Related: $0
- Other: $32,943
- Compensation: $124,669
- Related: $0
- Other: $14,867
Official website here: www.hacu.org
Where can I find the form 990 for Healthcare Associates Credit Union?
Healthcare Associates Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hacu.org
Learn more at the official website: www.hacu.org
Mission Statement of Healthcare Associates Credit Union
Healthcare Associates Credit Union, a financial institution dedicated to its members, aims to foster savings and serve as a reliable lending source. The credit union's primary objective is to inspire its members to save and, in turn, offer them reasonable credit opportunities when needed. The array of loans provided by Healthcare Associates Credit Union includes home equity, credit card, and vehicle loans, ensuring flexibility for its members' financial needs.
Additionally, Healthcare Associates Credit Union extends convenience to its members through various electronic access options. Members can apply for and access ShareDraft accounts without monthly fees, and they have the ability to utilize ATM/Debit cards and Checkcards for deposits, withdrawals, and account inquiries. These features contribute significantly to the Credit Union's commitment to making financial services accessible and convenient for its members.
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Impact
October, 2024
Healthcare Associates Credit Union has a significant impact on its members and the broader community by promoting financial health and accessibility. It helps individuals manage their finances through a variety of services, including loans tailored to meet diverse needs such as home equity, vehicle financing, and credit cards. By offering these financial products, the credit union encourages responsible borrowing and spending habits.
Their sharedraft accounts, which come with no monthly fees, provide members with affordable banking options, making it easier for them to access their funds without incurring extra costs. The availability of ATM and debit cards further enhances financial convenience, allowing members to manage their accounts easily.
In addition to these services, Healthcare Associates Credit Union fosters a culture of thrift among its members, encouraging saving and financial responsibility. This commitment not only benefits individual members but also contributes to the overall economic health of the community in Naperville, IL. By creating a supportive financial ecosystem, they enable members to achieve their financial goals while promoting financial literacy and security.
This information is meant to be a general summary of Healthcare Associates 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: $3,909,033
- Program Service Revenue: $16,004,527
- Gross Receipts: $20,307,272
Assets and Liabilities:
- Total Assets: $455,322,003
- Total Liabilities: $415,388,282
- Net Assets: $39,933,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Loans
Revenue
$11,309,316
Share/Check Program
Revenue
$2,223,132
ATM/Debit Card Services
Revenue
$1,327,904
Credit Card Program
Revenue
$800,041
Insurance Program
Revenue
$344,134
Organization Details
Founding Year
1979
Phone
(630) 276-5555Main Address
PO Box 3053, Naperville, IL, 605667053
Website
www.hacu.orgNTEE Category
Code: W60 - Public benefit
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