Peoria Postal Employees Credit Union

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

EIN: 370460215 ✦ Peoria, IL ✦ Designated as a 501(c)(14)

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Overview

What is Peoria Postal Employees Credit Union?

Peoria Postal Employees Credit Union is a financial institution, serving its members with a dedication to their financial well-being. It offers various services such as loans and savings accounts in a welcoming and expert manner. Despite not having an official mission statement, the credit union issues Certificates of Deposit to 75 members and extends consumer loans to 566 members, demonstrating its commitment to supporting its members' financial needs.


Official website here: www.ppecu.info

Is Peoria Postal Employees Credit Union legitimate?

Peoria Postal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoria Postal Employees 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: $95,114
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,180

For more financial information, click here


Official website here: www.ppecu.info

What is the mission statement of Peoria Postal Employees Credit Union?

The Peoria Postal Employees Credit Union does not have a formally adopted mission statement. However, its primary activity is to aid its members in managing their financial well-being by providing various financial services such as loans and savings accounts, all delivered in a friendly and professional manner. The credit union also issues certificates of deposit to 75 members and provides consumer loans to 566 members. Despite not having an official mission statement, the credit union's actions demonstrate a commitment to supporting its members' financial needs.


Official website here: www.ppecu.info

Who is the CEO of Peoria Postal Employees Credit Union?

Stephen B Rowe is the President of Peoria Postal Employees Credit Union.


Official website here: www.ppecu.info

What is the revenue of Peoria Postal Employees Credit Union?

Peoria Postal Employees Credit Union's revenue in 2022 was $522,900.


Official website here: www.ppecu.info

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

The average compensation at Peoria Postal Employees Credit Union during 2022 was $81,647. There are 2 employees and 9 volunteers at Peoria Postal Employees Credit Union.


Here are 10 key members and their salaries:


Stephen B Rowe (President)
  • Compensation: $95,114
  • Related: $0
  • Other: $4,756
Gene L Sharp (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie K Ahl (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina M Trueblood (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent M Stringer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl A Berry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael C Byrns (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Dailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela D Herron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen A Leitner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ppecu.info

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

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


Official website here: www.ppecu.info

Learn more at the official website: www.ppecu.info

Mission Statement of Peoria Postal Employees Credit Union

Peoria Postal Employees Credit Union is dedicated to aiding its members in the effective management of their financial health. This is accomplished through the provision of various financial services, such as loans and savings accounts, all delivered in a welcoming and professional manner. Notably, the credit union has yet to establish a formal mission statement. However, it is evident from its activities that Peoria Postal Employees Credit Union is committed to assisting its members in achieving financial stability and well-being. The credit union issues certificates of deposit to 75 of its members and extends consumer loans to 566 members, demonstrating its active role in supporting the financial needs of its membership base.

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Impact




October, 2024

Peoria Postal Employees Credit Union significantly enhances the financial well-being of its members by providing essential services such as loans and savings accounts. By offering a friendly and professional environment, it supports members in managing their finances effectively. The credit union plays a vital role in the community, serving a diverse membership base by issuing certificates of deposit to 75 individuals and extending consumer loans to 566 members. Through these services, it contributes to the economic stability and growth of its members in Peoria, IL, promoting a culture of financial responsibility and accessibility.




This information is meant to be a general summary of Peoria Postal Employees 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
$522,900 (2022)
Expenses
$495,110 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $64,908
  • Program Service Revenue: $364,054
  • Gross Receipts: $522,900

Assets and Liabilities:

  • Total Assets: $13,047,483
  • Total Liabilities: $10,492,596
  • Net Assets: $2,554,887

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Programs

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

Loan Interest

Revenue

$283,390

Fees and Charges

Revenue

$80,664

Organization Details

Founding Year

1928

Principal Officer

Stephen B Rowe

Main Address

P O Box 1215, Peoria, IL, 61654

NTEE Category

Code: W60 - Public benefit

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