Overview
What is Galesburg Burlington Credit Union?
Galesburg Burlington Credit Union, situated in Galesburg, Illinois, is a financial institution that caters to its members. With a focus on consumer lending and deposit services, it serves over 3,720 members through share accounts and 1,555 loan accounts. The credit union's mission is to offer a comprehensive range of financial services at competitive rates, ensuring its members have access to various financial solutions. The organization is staffed by a team of eight dedicated employees.
Official website here: www.gbcu.secure
Is Galesburg Burlington Credit Union legitimate?
Galesburg Burlington Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Galesburg Burlington 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: $103,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,467
For more financial information, click here
Official website here: www.gbcu.secure
What is the mission statement of Galesburg Burlington Credit Union?
The Galesburg Burlington Credit Union is dedicated to providing its members with a comprehensive array of financial services at competitive rates. By doing so, the credit union aims to cater to the financial needs of its members effectively. With over 3,720 member share accounts and 1,555 loan accounts, the credit union offers consumer lending services and manages deposits from its membership base. The credit union's mission is focused on delivering financial services that meet the expectations of its members, ensuring they can manage their finances efficiently and affordably.
Official website here: www.gbcu.secure
Who is the CEO of Galesburg Burlington Credit Union?
Brad Gummerson is the CEO of Galesburg Burlington Credit Union The CEO's salary of Galesburg Burlington Credit Union is $86,795 and their total compensation is $103,548.
Official website here: www.gbcu.secure
What is the revenue of Galesburg Burlington Credit Union?
Galesburg Burlington Credit Union's revenue in 2023 was $2,126,505.
Official website here: www.gbcu.secure
Who are the executives of Galesburg Burlington Credit Union and what are their salaries?
The average compensation at Galesburg Burlington Credit Union during 2023 was $30,446. There are 9 employees and 8 volunteers at Galesburg Burlington Credit Union.
Here are 8 key members and their salaries (Galesburg Burlington Credit Union's CEO's salary is $86,795 and their total compensation is $103,548):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $86,795
- Related: $0
- Other: $16,753
Official website here: www.gbcu.secure
Where can I find the form 990 for Galesburg Burlington Credit Union?
Galesburg Burlington Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gbcu.secure
Learn more at the official website: www.gbcu.secure
Mission Statement of Galesburg Burlington Credit Union
Galesburg Burlington Credit Union, as a financial institution, is committed to serving its members by providing a comprehensive array of financial services at competitive rates. Its mission is centered around ensuring that members have access to various financial products that cater to their diverse needs. This credit union, which manages over 3,720 member share accounts and 1,555 loan accounts, operates with a member-focused approach, aiming to deliver financial solutions that are both affordable and beneficial. By providing competitive rates, Galesburg Burlington Credit Union demonstrates its dedication to empowering its members financially, helping them manage their funds effectively and make informed financial decisions.
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Impact
October, 2024
Galesburg Burlington Credit Union has a significant impact on the community by offering a diverse range of financial services tailored to meet the needs of its members. With over 3,720 member share accounts and 1,555 loan accounts, the credit union plays a crucial role in fostering financial stability and accessibility within Galesburg, Illinois. By providing consumer lending and accepting deposits, it actively supports economic growth and encourages responsible financial practices among its members. The credit union's competitive rates make financial products more attainable, enhancing the overall well-being of individuals and families in the area. Through its commitment to member services, Galesburg Burlington Credit Union contributes to a robust local economy and the financial empowerment of its community.
This information is meant to be a general summary of Galesburg Burlington 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 2023.
- Investment Income: $373,837
- Program Service Revenue: $1,722,676
- Gross Receipts: $2,126,505
Assets and Liabilities:
- Total Assets: $48,388,640
- Total Liabilities: $34,532,751
- Net Assets: $13,855,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$1,542,664
FEES AND CHARGES
Revenue
$180,012
Organization Details
Founding Year
1937
Principal Officer
Brad Gummerson
Website
www.gbcu.secureNTEE Category
Code: W60 - Public benefit
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