Overview
What is Tee-Pak Credit Union?
Tee-Pak Credit Union is a member-owned, not-for-profit financial institution situated in Danville, Illinois. With a commitment to delivering high-quality services, the credit union caters to the unique needs of its approximately 4,500 members, offering various types of savings and loan accounts. Operating with a team of 15 dedicated individuals, Tee-Pak Credit Union focuses on providing consumer lending and managing deposits for its membership base. The credit union's activities extend beyond traditional banking, as it strives to meet the diverse financial requirements of its members while preserving its core values.
Is Tee-Pak Credit Union legitimate?
Tee-Pak Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tee-Pak 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: $78,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,482
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What is the mission statement of Tee-Pak Credit Union?
Tee-Pak Credit Union, being a member-owned and not-for-profit financial institution, is dedicated to providing high-quality services and programs tailored to meet the unique needs of its members. The credit union's mission is to preserve its resources while serving its members effectively. It offers consumer lending and accepts deposits from its membership, managing over 4,500 member share type accounts and approximately 770 loan type accounts, excluding Visa cards. The credit union's primary goal is to cater to its members' individual needs, ensuring financial well-being and security.
Who is the CEO of Tee-Pak Credit Union?
Amber Hahn is the Director of Tee-Pak Credit Union.
What is the revenue of Tee-Pak Credit Union?
Tee-Pak Credit Union's revenue in 2022 was $1,016,883.
Who are the executives of Tee-Pak Credit Union and what are their salaries?
The average compensation at Tee-Pak Credit Union during 2022 was $23,392. There are 15 employees and 9 volunteers at Tee-Pak Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $76,093
- Related: $0
- Other: $2,304
Where can I find the form 990 for Tee-Pak Credit Union?
Tee-Pak Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tee-Pak Credit Union
Tee-Pak Credit Union, as a member-owned and not-for-profit financial institution, is committed to providing top-notch services and programs tailored to meet the unique needs of its members. This mission is centered around preserving the financial well-being of its members while offering quality solutions. The credit union serves over 4,500 member share accounts and approximately 770 loan accounts, excluding Visa cards, demonstrating its dedication to catering to the diverse financial needs of its members.
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Impact
October, 2024
Tee-Pak Credit Union plays a significant role in the financial well-being of its community in Danville, IL. As a member-owned financial institution, it focuses on delivering quality services tailored to the individual needs of its members. With over 4,500 member share type accounts and approximately 770 loan type accounts, Tee-Pak Credit Union actively supports the financial goals of its diverse membership.
By providing consumer lending opportunities and a secure place for deposits, the credit union fosters financial stability and promotes responsible money management within the community. Tee-Pak Credit Union's commitment to meeting the needs of its members not only enhances their financial health but also strengthens the overall economic fabric of the region.
This information is meant to be a general summary of Tee-Pak 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: $81,968
- Program Service Revenue: $934,915
- Gross Receipts: $1,016,883
Assets and Liabilities:
- Total Assets: $22,888,887
- Total Liabilities: $18,925,718
- Net Assets: $3,963,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$618,235
FEES AND CHARGES
Revenue
$316,680
Organization Details
Founding Year
1949
Phone
(217) 477-4428Principal Officer
Amber Hahn
Main Address
3591 N VERMILION ST, DANVILLE, IL, 61832
NTEE Category
Code: W60 - Public benefit
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