Overview
What is Fairmont Village Credit Union?
Fairmont Village Credit Union is a community-focused financial institution based in Fairmont City, Illinois. With a friendly atmosphere, the credit union offers a variety of financial products and services, such as loans and savings accounts, to help its members manage their finances effectively. The credit union aims to provide competitive rates and maintain its long-term financial stability, all while delivering these services with professionalism. The organization employs a modest workforce of three individuals, demonstrating its commitment to serving its members efficiently.
Is Fairmont Village Credit Union legitimate?
Fairmont Village Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fairmont Village 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: $40,210
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fairmont Village Credit Union?
Fairmont Village Credit Union's mission is centered around assisting its members in managing their financial well-being. They accomplish this by providing a variety of financial services, including loans and savings accounts, in a welcoming and professional manner. The credit union strives to offer the best products and competitive rates, all while maintaining a long-term financial stability to ensure its continued success. This commitment to its members and financial stability is carried out in a friendly atmosphere, enhancing the overall experience for those who choose to bank with Fairmont Village Credit Union.
Who is the CEO of Fairmont Village Credit Union?
Marsha Wilkinson is the Treasurer/Manager of Fairmont Village Credit Union.
What is the revenue of Fairmont Village Credit Union?
Fairmont Village Credit Union's revenue in 2020 was $137,522.
Who are the executives of Fairmont Village Credit Union and what are their salaries?
The average compensation at Fairmont Village Credit Union during 2020 was $13,403. There are 3 employees and 6 volunteers at Fairmont Village Credit Union.
Here are 7 key members and their salaries:
- Compensation: $40,300
- Related: $40,300
- Other: $40,300
- 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
Where can I find the form 990 for Fairmont Village Credit Union?
Fairmont Village Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Fairmont Village Credit Union
Fairmont Village Credit Union is committed to aiding its members in managing their financial well-being. It achieves this goal by offering a variety of financial services such as loans and savings accounts, all while maintaining a friendly and professional atmosphere. The credit union's mission extends beyond providing financial products; it also strives to deliver competitive rates to its members. Moreover, Fairmont Village Credit Union is dedicated to ensuring its long-term financial stability, a crucial aspect that underpins its ability to serve its members effectively. The credit union's mission is to strike a balance between offering the best financial products and services, maintaining a welcoming atmosphere, and ensuring its financial stability over the long term.
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Impact
October, 2024
Fairmont Village Credit Union plays a significant role in enhancing the financial well-being of its members. By offering loans, savings accounts, and a wide range of financial services, it empowers individuals and families to manage their finances effectively. With a commitment to providing competitive rates and high-quality products, the credit union fosters a friendly and professional atmosphere that encourages positive financial behaviors.
In Fairmont City, Illinois, the credit union's mission revolves around maintaining long-term financial stability while delivering exceptional service. This focus not only benefits individual members but also strengthens the community as a whole by promoting financial literacy and responsible money management. Overall, Fairmont Village Credit Union's impact lies in its dedication to improving the financial security of its members and contributing to the economic health of the region.
This information is meant to be a general summary of Fairmont Village 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 2020.
- Investment Income: $8,696
- Program Service Revenue: $128,826
- Gross Receipts: $137,522
Assets and Liabilities:
- Total Assets: $2,183,011
- Total Liabilities: $1,871,163
- Net Assets: $311,848
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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
$88,993
PROGRASM SERVICES TO MEMBERS
Revenue
$39,833
Organization Details
Founding Year
1937
Phone
(618) 271-0521Principal Officer
Marsha Wilkinson
Main Address
4426 COOKSON RD, FAIRMONT CITY, IL, 62201
NTEE Category
Code: W60 - Public benefit
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