Overview
What is Cooperative Choice Network Credit Union?
Cooperative Choice Network Credit Union is a nonprofit financial institution situated in Peoria, Illinois. With a focus on personal attention, the credit union offers various loan accounts, such as consumer and Visa loans, to its members. It also manages deposits on various accounts, including regular shares, club accounts, share draft accounts, checking, and money market accounts. Additionally, Cooperative Choice Network Credit Union provides share certificates and IRA share accounts to its members, totaling 1,645. The credit union enhances accessibility through electronic delivery channels, including ATMs, internet banking, and Visa debit cards. The primary mission of Cooperative Choice Network Credit Union is to cater to the financial needs of each member, enabling them to achieve their financial goals, boasting a team of 34 dedicated employees.
Official website here: www.ccncu.com
Is Cooperative Choice Network Credit Union legitimate?
Cooperative Choice Network Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperative Choice Network 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: $149,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,325,715
For more financial information, click here
Official website here: www.ccncu.com
What is the mission statement of Cooperative Choice Network Credit Union?
The Cooperative Choice Network Credit Union focuses on providing personalized attention to each member, aiming to fulfill their financial needs and help them achieve their financial goals. They offer various loan accounts, including consumer and Visa loans, and manage deposits across various account types, such as checking, savings, and money market accounts. Additionally, the credit union provides electronic financial services, including ATM access, internet banking, and Visa debit cards, to cater to the digital needs of its members.
Official website here: www.ccncu.com
Who is the CEO of Cooperative Choice Network Credit Union?
Joe Webb is the Chairman of Cooperative Choice Network Credit Union.
Official website here: www.ccncu.com
What is the revenue of Cooperative Choice Network Credit Union?
Cooperative Choice Network Credit Union's revenue in 2022 was $6,257,401.
Official website here: www.ccncu.com
Who are the executives of Cooperative Choice Network Credit Union and what are their salaries?
The average compensation at Cooperative Choice Network Credit Union during 2022 was $43,386. There are 34 employees and 11 volunteers at Cooperative Choice Network Credit Union.
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- Compensation: $142,987
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- Other: $6,417
Official website here: www.ccncu.com
Where can I find the form 990 for Cooperative Choice Network Credit Union?
Cooperative Choice Network Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccncu.com
Learn more at the official website: www.ccncu.com
Mission Statement of Cooperative Choice Network Credit Union
Cooperative Choice Network Credit Union is committed to providing personal attention to its members, with the aim of helping them meet their financial needs and achieve their financial goals. This mission is reflected in their day-to-day activities, which include offering a variety of loan accounts, such as consumer and Visa loans, to its members. Furthermore, the credit union maintains deposits on numerous accounts, including regular share accounts, club accounts, share draft accounts, checking, and money market accounts, for its members. Beyond traditional banking services, Cooperative Choice Network Credit Union also provides electronic delivery of financial services, such as ATMs, internet home banking, and Visa debit cards, to its members. In doing so, the credit union aims to make financial services more convenient and accessible for its members. Overall, Cooperative Choice Network Credit Union's mission is to provide personalized financial services to its members, with the goal of helping them achieve their financial objectives.
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Impact
October, 2024
Cooperative Choice Network Credit Union significantly impacts its community by prioritizing the unique financial needs of each member, fostering both personal attention and financial growth. With a commitment to helping individuals achieve their financial goals, the credit union has successfully established 8,484 consumer and Visa loan accounts, enhancing access to crucial financial resources.
Moreover, the credit union manages deposits for 21,879 accounts, encompassing a variety of services such as regular share accounts, club accounts, share draft accounts, checking, and money market accounts. This wide range of deposit products allows members to choose options that best fit their financial circumstances.
Recognizing the importance of long-term savings, Cooperative Choice Network also administers share certificates and IRA accounts for 1,645 members, further supporting their financial security and retirement planning. The organization embraces technology to improve access to financial services by offering electronic delivery through ATMs, internet home banking, and Visa debit cards, making it easier for members to manage their finances.
Overall, Cooperative Choice Network Credit Union plays a vital role in the economic well-being of its members in Peoria, IL, facilitating financial empowerment and fostering a supportive community environment.
This information is meant to be a general summary of Cooperative Choice Network 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: $739,443
- Program Service Revenue: $5,140,326
- Gross Receipts: $6,257,401
Assets and Liabilities:
- Total Assets: $176,449,588
- Total Liabilities: $156,492,839
- Net Assets: $19,956,749
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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
$3,634,748
INTERCHANGE INCOME
Revenue
$890,736
SERVICE FEES
Revenue
$614,842
Organization Details
Founding Year
2000
Phone
(309) 672-5230Principal Officer
Joe Webb
Main Address
3919 N UNIVERSITY STREET, PEORIA, IL, 61614
Website
www.ccncu.comNTEE Category
Code: W60 - Public benefit
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