Overview
What is Rockford Municipal Employees Credit Union?
Rockford Municipal Employees Credit Union is a nonprofit financial institution located at 634 N Church St, Rockford, IL 61103. With a team of 12 dedicated professionals, its primary mission is to support the financial well-being of its approximately 2,500 members. The credit union achieves this by offering a range of financial services, including loans and savings accounts, in a friendly and professional manner. The organization's activities are centered around assisting members in managing their finances effectively.
Is Rockford Municipal Employees Credit Union legitimate?
Rockford Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rockford Municipal Employees 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: $91,355
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,530
For more financial information, click here
What is the mission statement of Rockford Municipal Employees Credit Union?
The Rockford Municipal Employees Credit Union's mission is centered around assisting its members in managing their financial well-being. This is achieved by providing various financial institution services such as loans and savings accounts, all delivered in a friendly and professional manner. The credit union strives to support its members in their financial management needs, ensuring they operate in an efficient and effective manner. The institution receives deposits from approximately 2,500 members, demonstrating its commitment to serving its community.
Who is the CEO of Rockford Municipal Employees Credit Union?
Jody Mernack is the President of Rockford Municipal Employees Credit Union.
What is the revenue of Rockford Municipal Employees Credit Union?
Rockford Municipal Employees Credit Union's revenue in 2022 was $710,180.
Who are the executives of Rockford Municipal Employees Credit Union and what are their salaries?
The average compensation at Rockford Municipal Employees Credit Union during 2022 was $18,157. There are 12 employees and 12 volunteers at Rockford Municipal Employees Credit Union.
Here are 14 key members and their salaries:
- Compensation: $55,525
- Related: $0
- Other: $9,479
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- Other: $0
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- Other: $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
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- Other: $0
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- Other: $0
- Compensation: $35,830
- Related: $0
- Other: $4,745
Where can I find the form 990 for Rockford Municipal Employees Credit Union?
Rockford Municipal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rockford Municipal Employees Credit Union
Rockford Municipal Employees Credit Union is committed to aiding its members in managing their financial well-being. This is achieved by offering various financial institution services, including loans and savings accounts, in a friendly and professional manner. The Credit Union's mission is to serve its members effectively, ensuring they have the tools necessary to manage their finances efficiently. By providing these services, Rockford Municipal Employees Credit Union seeks to foster financial stability and security among its members. The Credit Union's approach is characterized by a dedication to professionalism and friendliness, ensuring that its members feel supported and confident in their financial decisions. With approximately 2,500 members relying on the Credit Union's services, it is clear that Rockford Municipal Employees Credit Union plays a significant role in helping its members navigate the complexities of financial management.
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Impact
October, 2024
Rockford Municipal Employees Credit Union plays a crucial role in enhancing the financial well-being of its members by offering a range of services including loans and savings accounts. With approximately 2,500 members, it provides a welcoming and professional environment for individuals to manage and grow their finances. By focusing on personalized assistance and fostering a sense of community, the credit union empowers its members to make informed financial decisions that positively impact their lives. Through its dedicated services, it contributes to the overall economic stability of Rockford, IL, and helps members achieve their financial goals.
This information is meant to be a general summary of Rockford Municipal Employees 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: $200,898
- Program Service Revenue: $509,282
- Gross Receipts: $710,180
Assets and Liabilities:
- Total Assets: $25,499,085
- Total Liabilities: $22,705,375
- Net Assets: $2,793,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$386,557
INSURANCE SALES
Revenue
$2,291
FEE INCOME
Revenue
$93,526
OTHER INCOME
Revenue
$26,908
Organization Details
Founding Year
1942
Phone
(815) 316-4655Principal Officer
Jody Mernack
Main Address
634 N CHURCH ST, ROCKFORD, IL, 61103
NTEE Category
Code: W60 - Public benefit
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