Overview
What is Archer Heights Credit Union?
Archer Heights Credit Union is a member-focused financial institution, headquartered in Chicago, Illinois. As a state-chartered credit union, it offers a range of financial services and products, including consumer loans, to its members. As of December 31, 2022, the credit union had 1,702 outstanding loans totaling $11,257,582. The Credit Union's mission is deeply rooted in the "People Helping People" philosophy, prioritizing the mutual benefit of its members. By providing competitive interest rates on share deposits and loans, the Credit Union embodies the cooperative spirit of a credit union. With a team of nine dedicated employees, Archer Heights Credit Union serves its members effectively.
Official website here: www.archerheights.com
Is Archer Heights Credit Union legitimate?
Archer Heights Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Archer Heights 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: $83,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,213
For more financial information, click here
Official website here: www.archerheights.com
What is the mission statement of Archer Heights Credit Union?
Archer Heights Credit Union operates with a mission to serve its members' financial needs, embodying the "People Helping People" philosophy. This is achieved through offering competitive loans and paying dividends on share deposits. The Credit Union operates on a cooperative basis, where its activities are geared towards benefiting its members. The primary objective is to exemplify this cooperative nature while providing financial services. At the end of 2022, the Credit Union had extended loans to 1,702 members, totaling $11,257,582.
Official website here: www.archerheights.com
Who is the CEO of Archer Heights Credit Union?
Lisa Strnad is the Chairman of Archer Heights Credit Union.
Official website here: www.archerheights.com
What is the revenue of Archer Heights Credit Union?
Archer Heights Credit Union's revenue in 2022 was $999,120.
Official website here: www.archerheights.com
Who are the executives of Archer Heights Credit Union and what are their salaries?
The average compensation at Archer Heights Credit Union during 2022 was $34,219. There are 9 employees and 9 volunteers at Archer Heights Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $74,172
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- Other: $9,586
Official website here: www.archerheights.com
Where can I find the form 990 for Archer Heights Credit Union?
Archer Heights Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archerheights.com
Learn more at the official website: www.archerheights.com
Mission Statement of Archer Heights Credit Union
Archer Heights Credit Union, as a member-centric institution, is driven by a mission to serve its members effectively. Operating under the principle of 'People Helping People,' this credit union aims to benefit its members by offering competitive loan rates and dividends on share deposits. The credit union's operations are guided by a cooperative nature, with the primary goal of providing financial support to its members. The Credit Union actively issues and manages consumer loans, as evident from the 1,702 loans outstanding and a total loan sum of $11,257,582 as of December 31, 2022.
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Impact
October, 2024
Archer Heights Credit Union significantly impacts its community by providing essential financial products and services to its members in Chicago, Illinois. It offers a range of consumer loans, with 1,702 loans outstanding as of December 31, 2022, totaling $11,257,582. This accessibility to credit helps members manage personal finances, meet significant expenditures, and stimulate local economic activity.
The credit union operates under the principle of mutual benefit, focusing on the needs of its members. It exemplifies the "People Helping People" philosophy by ensuring competitive interest rates on loans and paying dividends on share deposits. This commitment fosters a sense of community and encourages financial growth among its members. Overall, Archer Heights Credit Union is a vital financial resource that supports the economic well-being and empowerment of individuals in its service area.
This information is meant to be a general summary of Archer Heights 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: $131,084
- Program Service Revenue: $618,036
- Gross Receipts: $999,120
Assets and Liabilities:
- Total Assets: $21,764,932
- Total Liabilities: $19,687,719
- Net Assets: $2,077,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loans to members
Revenue
$506,162
Fee income
Revenue
$111,874
Organization Details
Founding Year
1965
Phone
(773) 229-1500Principal Officer
Lisa Strnad
Main Address
6554 W Archer Avenue, Chicago, IL, 60638
Website
www.archerheights.comNTEE Category
Code: W60 - Public benefit
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