Peoria Bell Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 370459120 ✦ Peoria, IL ✦ Designated as a 501(c)(14)

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Overview

What is Peoria Bell Credit Union?

Peoria Bell Credit Union is a member-driven financial institution, situated in an unspecified location. Its primary function is to offer consumer lending services and accept deposits from its membership. The credit union has a substantial number of members, serving over 780 share-type accounts, and manages approximately 220 loan accounts. While not categorized as a nonprofit in the strictest sense, Peoria Bell Credit Union operates with a mutual purpose, benefiting its members collectively.


Official website here: www.peoriabell.org

Is Peoria Bell Credit Union legitimate?

Peoria Bell Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoria Bell 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: $56,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,220

For more financial information, click here


Official website here: www.peoriabell.org

What is the mission statement of Peoria Bell Credit Union?

Peoria Bell Credit Union functions with a mutual purpose, serving its membership by offering consumer loans and managing deposits. The credit union caters to over 780 member share accounts and manages approximately 220 loan accounts. In essence, Peoria Bell Credit Union operates as a financial cooperative, providing financial services to its members for their collective benefit.


Official website here: www.peoriabell.org

Who is the CEO of Peoria Bell Credit Union?

Kim Reed is the Vice-Chairperson of Peoria Bell Credit Union.


Official website here: www.peoriabell.org

What is the revenue of Peoria Bell Credit Union?

Peoria Bell Credit Union's revenue in 2022 was $181,634.


Official website here: www.peoriabell.org

Who are the executives of Peoria Bell Credit Union and what are their salaries?

The average compensation at Peoria Bell Credit Union during 2022 was $38,572. There are 2 employees and 8 volunteers at Peoria Bell Credit Union.


Here are 9 key members and their salaries:


Tony Benavidez (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Elliott (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Engelbrecht (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hawksworth (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Hesek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Lavender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonja Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Reed (Treasurer/Manger)
  • Compensation: $49,500
  • Related: $0
  • Other: $7,425


Official website here: www.peoriabell.org

Where can I find the form 990 for Peoria Bell Credit Union?

Peoria Bell Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.peoriabell.org

Learn more at the official website: www.peoriabell.org

Mission Statement of Peoria Bell Credit Union

Peoria Bell Credit Union is a credit union that operates with a shared purpose, catering to its membership by offering consumer lending services and managing deposits. The organization serves over 780 member share accounts and manages approximately 220 loan accounts, indicating its commitment to its members' financial needs. In essence, Peoria Bell Credit Union operates as a cooperative financial institution, providing lending opportunities and deposit services for its membership.

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Impact




October, 2024

Peoria Bell Credit Union has a significant impact in the Peoria, IL community by fostering financial well-being among its members. With a focus on mutual aid, the credit union provides essential consumer lending services and facilitates deposits for its membership. Serving over 780 member share type accounts, Peoria Bell Credit Union plays a crucial role in promoting financial inclusion and stability.

Additionally, by managing 220 loan accounts, the credit union supports its members in achieving their financial goals, whether it's purchasing a home, financing education, or managing day-to-day expenses. This local financial institution enhances community resilience and empowers individuals by providing accessible financial resources tailored to their needs. Through its operations, Peoria Bell Credit Union exemplifies a commitment to serving the public good and supporting the economic growth of its constituents.




This information is meant to be a general summary of Peoria Bell 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.

Revenue
$181,634 (2022)
Expenses
$218,556 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,057
  • Program Service Revenue: $139,577
  • Gross Receipts: $181,634

Assets and Liabilities:

  • Total Assets: $6,766,175
  • Total Liabilities: $4,195,922
  • Net Assets: $2,570,253

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON MEMBERS LOANS

Revenue

$108,552

FEES & CHARGES

Revenue

$31,025

Organization Details

Founding Year

1935

Principal Officer

Kim Reed

Main Address

8103 N UNIVERSITY ST, PEORIA, IL, 616151842

NTEE Category

Code: W60 - Public benefit

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