Overview
What is Financial Partners Credit Union?
Financial Partners Credit Union is a nonprofit financial institution located at 940 North MacArthur Street, Springfield, Illinois 62702. The credit union serves its members by managing their financial well-being, offering loans, savings accounts, and various financial services in a friendly and professional manner. As of the provided data, the credit union manages 1,929 member share accounts and 634 loan accounts, with a team of 5 dedicated employees. The mission of Financial Partners Credit Union is to help its members effectively manage their finances, ensuring they have access to essential financial services.
Is Financial Partners Credit Union legitimate?
Financial Partners Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial Partners 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: $161,681
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,376
For more financial information, click here
What is the mission statement of Financial Partners Credit Union?
Financial Partners Credit Union's mission is centered around helping its members manage their financial well-being. They achieve this by offering various financial services such as loans and savings accounts, all delivered in a friendly and professional manner. The credit union aims to assist its members in managing their finances effectively, providing them with the necessary tools to make informed financial decisions. The credit union serves a membership of 1,929 share accounts and 634 loan accounts, demonstrating its commitment to its members' financial needs.
Who is the CEO of Financial Partners Credit Union?
Eric Paine is the Chairperson of Financial Partners Credit Union. The CEO's salary of Financial Partners Credit Union is $48,887 and their total compensation is $48,887.
What is the revenue of Financial Partners Credit Union?
Financial Partners Credit Union's revenue in 2022 was $464,465.
Who are the executives of Financial Partners Credit Union and what are their salaries?
The average compensation at Financial Partners Credit Union during 2022 was $36,011. There are 5 employees and 25 volunteers at Financial Partners Credit Union.
Here are 10 key members and their salaries (Financial Partners Credit Union's CEO's salary is $48,887 and their total compensation is $48,887):
- Compensation: $0
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- Other: $0
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- Compensation: $77,409
- Related: $0
- Other: $0
- Compensation: $48,887
- Related: $0
- Other: $0
- Compensation: $35,385
- Related: $0
- Other: $0
Where can I find the form 990 for Financial Partners Credit Union?
Financial Partners Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Financial Partners Credit Union
Financial Partners Credit Union is committed to assisting its members in managing their financial well-being. They achieve this by offering a variety of financial services, including loans and savings accounts, in a friendly and professional manner. The credit union's mission is to help its members effectively manage their finances, providing them with the necessary tools and resources to do so. By offering these services, Financial Partners Credit Union aims to contribute positively to the financial stability of its members. The credit union serves a membership of 1,929 share accounts and 634 loan accounts, demonstrating its commitment to its members' financial needs.
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Impact
October, 2024
Financial Partners Credit Union plays a vital role in enhancing the financial well-being of its members in Springfield, IL. By offering a range of financial services such as loans and savings accounts, the credit union empowers its 1,929 member share accounts and 634 loan accounts, fostering a sense of community and support.
With a mission centered on assisting members in managing their finances, the credit union provides a friendly and professional environment that encourages financial literacy and responsible money management. Its focus on personal service ensures that members receive tailored guidance to navigate their financial journeys effectively.
By facilitating access to essential financial products, Financial Partners Credit Union not only contributes to individual prosperity but also supports broader economic stability within the community, reinforcing its commitment to public benefit.
This information is meant to be a general summary of Financial Partners 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: $92,986
- Program Service Revenue: $371,479
- Gross Receipts: $464,465
Assets and Liabilities:
- Total Assets: $11,188,264
- Total Liabilities: $10,233,284
- Net Assets: $954,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan intereset
Revenue
$249,283
Fees and Charges
Revenue
$122,196
Organization Details
Founding Year
1926
Phone
(217) 744-1456Principal Officer
Eric Paine
Main Address
940 North MacArthur Street, Springfield, IL, 62702
NTEE Category
Code: W60 - Public benefit
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