Overview
What is Abbott Laboratories Employees Credit Union (Alec)?
Abbott Laboratories Employees Credit Union, referred to as Alec, is a nonprofit organization based in Gurnee, Illinois, at 325 Tri-State Parkway. Alec provides competitive loans, market deposit rates, and efficient checking services to its membership, aiming to make a difference in the lives and financial well-being of its members and employees. With a mission centered on exceptional member service, a wide range of financial products and services, and data protection, Alec also prioritizes educating its members, recognizing employee achievements, and conducting business with the highest ethical standards. The organization has a team of 105 employees dedicated to these goals.
Official website here: www.alecu.org
Is Abbott Laboratories Employees Credit Union (Alec) legitimate?
Abbott Laboratories Employees Credit Union (Alec) is a legitimate nonprofit organization registered as a 501(c)(14) entity. Abbott Laboratories Employees Credit Union (Alec) 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: $1,715,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,337,701
For more financial information, click here
Official website here: www.alecu.org
What is the mission statement of Abbott Laboratories Employees Credit Union (Alec)?
The Abbott Laboratories Employees Credit Union (Alec) is dedicated to enhancing the lives and financial well-being of its members and employees. Their commitment involves several key areas: delivering exceptional member service, providing a broad selection of financial products and services, educating members to align with their financial objectives, recognizing and promoting employee achievements, safeguarding members' data and privacy, and conducting business with unwavering ethics, integrity, and honesty.
Official website here: www.alecu.org
Who is the CEO of Abbott Laboratories Employees Credit Union (Alec)?
Joseph Trosclair is the President of Abbott Laboratories Employees Credit Union (Alec).
Official website here: www.alecu.org
What is the revenue of Abbott Laboratories Employees Credit Union (Alec)?
Abbott Laboratories Employees Credit Union (Alec)'s revenue in 2022 was $31,220,940.
Official website here: www.alecu.org
Who are the executives of Abbott Laboratories Employees Credit Union (Alec) and what are their salaries?
The average compensation at Abbott Laboratories Employees Credit Union (Alec) during 2022 was $76,700. There are 105 employees and 7 volunteers at Abbott Laboratories Employees Credit Union (Alec).
Here are 20 key members and their salaries:
- Compensation: $515,299
- Related: $0
- Other: $32,185
- Compensation: $288,112
- Related: $0
- Other: $53,948
- Compensation: $236,118
- Related: $0
- Other: $53,379
- Compensation: $223,546
- Related: $0
- Other: $46,342
- Compensation: $222,884
- Related: $0
- Other: $43,957
- Compensation: $172,107
- Related: $0
- Other: $46,295
- Compensation: $141,923
- Related: $0
- Other: $18,978
- Compensation: $141,966
- Related: $0
- Other: $17,662
- Compensation: $122,332
- Related: $0
- Other: $36,541
- Compensation: $130,541
- Related: $0
- Other: $27,044
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alecu.org
Where can I find the form 990 for Abbott Laboratories Employees Credit Union (Alec)?
Abbott Laboratories Employees Credit Union (Alec)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alecu.org
Learn more at the official website: www.alecu.org
Mission Statement of Abbott Laboratories Employees Credit Union (Alec)
Abbott Laboratories Employees Credit Union, referred to as Alec, is dedicated to making a positive impact on the lives and financial well-being of its members and employees. Alec's mission is multifaceted, with a commitment to gaining the trust of its members through exceptional customer service. This commitment extends to offering a comprehensive range of financial products, services, and delivery channels.
Moreover, Alec is committed to educating its members in line with their financial goals. This aspect of its mission reflects a deep understanding of the unique financial needs of each member. In addition, Alec places great importance on recognizing the achievements and personal development of its employees. This approach fosters a work environment that values performance and growth.
Furthermore, Alec takes data security and privacy seriously, implementing the highest standards of ethics, integrity, and honesty in all its business dealings. By providing a safe and secure environment for its members' financial information, Alec builds trust and confidence. Overall, Abbott Laboratories Employees Credit Union is a financial institution that puts its members and employees first, striving to make a difference in their lives and financial well-being.
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Impact
October, 2024
Abbott Laboratories Employees Credit Union (Alec) plays a significant role in enhancing the lives and financial health of its members and employees. By providing competitive loans, favorable deposit rates, and efficient checking services, Alec addresses the diverse financial needs of its membership.
The organization's mission is driven by a commitment to earning the trust of its members through exceptional service. Alec aims to offer a comprehensive range of financial products and services while prioritizing financial education that aligns with members' personal goals. This educational focus equips members with the knowledge and tools needed to make informed financial decisions.
Furthermore, Alec recognizes the importance of its employees, promoting performance, achievement, and personal development within the workplace. This attention to employee growth not only contributes to a positive work environment but also enhances the quality of service provided to members.
Alec is dedicated to safeguarding members' data and privacy, ensuring that high standards of ethics, integrity, and honesty guide its operations. In doing so, the organization fosters a trusting relationship with its membership, ultimately making a meaningful impact in the community it serves.
This information is meant to be a general summary of Abbott Laboratories Employees Credit Union (Alec). 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: $7,428,700
- Program Service Revenue: $23,216,472
- Gross Receipts: $31,220,940
Assets and Liabilities:
- Total Assets: $1,013,412,754
- Total Liabilities: $916,728,629
- Net Assets: $96,684,125
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$18,223,794
FEES AND CHARGES
Revenue
$4,992,678
Organization Details
Founding Year
1990
Phone
(847) 249-9431Principal Officer
Joseph Trosclair
Main Address
325 TRI-STATE PARKWAY, GURNEE, IL, 60031
Website
www.alecu.orgNTEE Category
Code: W61 - Public benefit
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