Overview
What is Chicago's Bravest Credit Union?
Chicago's Bravest Credit Union is a nonprofit financial institution, specifically a credit union, headquartered in Chicago, Illinois. It is Illinois state-chartered and operates with the primary aim of benefiting its members. The credit union provides consumer loans to its members, with 746 active loans totaling $8,365,671 as of December 31, 2022. The credit union follows a mutual model, meaning it makes loans to its members and pays them competitive interest rates on their share deposits. As of now, the credit union employs a modest team of 4 individuals.
Official website here: www.chicagosbravestcu.com
Is Chicago's Bravest Credit Union legitimate?
Chicago's Bravest Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Chicago's Bravest 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: $123,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,104
For more financial information, click here
Official website here: www.chicagosbravestcu.com
What is the mission statement of Chicago's Bravest Credit Union?
Chicago's Bravest Credit Union, as an Illinois state-chartered institution, serves its members with a mission to benefit them mutually. The credit union provides loans to its members and returns dividends to those with share deposits, offering competitive interest rates. The primary activity of the credit union involves making and servicing consumer loans to its members. As of December 31, 2022, the credit union had 746 outstanding loans amounting to $8,365,671.
Official website here: www.chicagosbravestcu.com
Who is the CEO of Chicago's Bravest Credit Union?
Joseph T Owens is the Vice Chairman of Chicago's Bravest Credit Union.
Official website here: www.chicagosbravestcu.com
What is the revenue of Chicago's Bravest Credit Union?
Chicago's Bravest Credit Union's revenue in 2022 was $540,161.
Official website here: www.chicagosbravestcu.com
Who are the executives of Chicago's Bravest Credit Union and what are their salaries?
The average compensation at Chicago's Bravest Credit Union during 2022 was $45,554. There are 4 employees and 7 volunteers at Chicago's Bravest Credit Union.
Here are 9 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $41,037
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- Other: $0
- Compensation: $41,037
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $41,037
- 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.chicagosbravestcu.com
Where can I find the form 990 for Chicago's Bravest Credit Union?
Chicago's Bravest Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagosbravestcu.com
Learn more at the official website: www.chicagosbravestcu.com
Mission Statement of Chicago's Bravest Credit Union
Chicago's Bravest Credit Union, as an Illinois state-chartered institution, is committed to serving its members for their mutual benefit. Its primary mission is to extend credit facilities to its members and return dividends, offering competitive interest rates on share deposits. The credit union actively engages in lending consumer loans to its members, with a total of 746 loans outstanding amounting to $8,365,671 as of December 31, 2022.
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Impact
October, 2024
Chicago's Bravest Credit Union plays a vital role in supporting its members through accessible financial services. Operating under an Illinois state charter, the credit union primarily focuses on the mutual benefit of its members, fostering a sense of community and support among them.
With a significant total of $8,365,671 in loans outstanding as of December 31, 2022, the credit union actively provides consumer loans, allowing members to finance various needs and goals. This access to credit empowers individuals, contributing to their financial stability and overall quality of life.
In addition to lending, Chicago's Bravest Credit Union prioritizes member savings by offering competitive interest rates on share deposits. This commitment to both lending and saving illustrates the credit union's dual focus on promoting responsible financial practices and ensuring that its members benefit from their membership.
Overall, Chicago's Bravest Credit Union makes a positive impact in the Chicago area, enhancing the financial well-being of its members while fostering a supportive community environment.
This information is meant to be a general summary of Chicago's Bravest 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: $42,680
- Program Service Revenue: $483,323
- Gross Receipts: $540,161
Assets and Liabilities:
- Total Assets: $11,212,840
- Total Liabilities: $9,492,847
- Net Assets: $1,719,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans
Revenue
$466,768
Fees & charges
Revenue
$16,555
Organization Details
Founding Year
1957
Phone
(773) 445-1700Principal Officer
Joseph T Owens
Main Address
10231 S Western Avenue, Chicago, IL, 60643
Website
www.chicagosbravestcu.comNTEE Category
Code: W60 - Public benefit
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