Overview
What is Land Of Lincoln Credit Union?
Land of Lincoln Credit Union is a member-focused financial institution dedicated to helping its 34,055 members reach financial success. Through their range of offerings, including savings programs and consumer loans, the credit union empowers individuals to make informed financial decisions. With 6,660 loans granted, the institution has positively impacted the lives of many, enabling them to improve their financial well-being. The mission of Land of Lincoln Credit Union remains unwavering: to provide education and essential services, ensuring each member can thrive financially.
Official website here: www.llcu.org
Is Land Of Lincoln Credit Union legitimate?
Land Of Lincoln Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Land Of Lincoln 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: $684,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,806,066
For more financial information, click here
Official website here: www.llcu.org
What is the mission statement of Land Of Lincoln Credit Union?
Land of Lincoln Credit Union is committed to helping its members attain financial success. Through the provision of education and various services, this credit union aims to empower its members to make informed financial decisions and build a secure financial future. With over 34,000 members benefiting from its offerings, the credit union has delivered on its promise of financial empowerment. Its portfolio includes a variety of savings vehicles and financial services that cater to the diverse needs of its membership base. Furthermore, the credit union has facilitated over 6,000 consumer loans, demonstrating its dedication to supporting its members' financial goals.
Official website here: www.llcu.org
Who is the CEO of Land Of Lincoln Credit Union?
Robert Ares is the CEO of Land Of Lincoln Credit Union The CEO's salary of Land Of Lincoln Credit Union is $283,159 and their total compensation is $311,429.
Official website here: www.llcu.org
What is the revenue of Land Of Lincoln Credit Union?
Land Of Lincoln Credit Union's revenue in 2023 was $27,328,640.
Official website here: www.llcu.org
Who are the executives of Land Of Lincoln Credit Union and what are their salaries?
The average compensation at Land Of Lincoln Credit Union during 2023 was $38,024. There are 197 employees and 9 volunteers at Land Of Lincoln Credit Union.
Here are 20 key members and their salaries (Land Of Lincoln Credit Union's CEO's salary is $283,159 and their total compensation is $311,429):
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- Compensation: $283,159
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- Other: $28,270
- Compensation: $201,438
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- Other: $15,471
- Compensation: $134,849
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- Other: $21,561
- Compensation: $103,272
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- Other: $16,414
- Compensation: $167,705
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- Other: $10,752
- Compensation: $162,935
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- Other: $26,753
- Compensation: $137,765
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- Other: $7,501
- Compensation: $107,843
- Related: $0
- Other: $16,089
Official website here: www.llcu.org
Where can I find the form 990 for Land Of Lincoln Credit Union?
Land Of Lincoln Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.llcu.org
Learn more at the official website: www.llcu.org
Mission Statement of Land Of Lincoln Credit Union
Land of Lincoln Credit Union is dedicated to helping its members attain financial success. This mission is embodied in the organization's daily operations and offerings. By providing education and services, Land of Lincoln Credit Union empowers its members to make informed financial decisions and build a solid financial foundation.
The credit union offers a variety of programs designed to cater to the diverse financial needs of its 34,055 members. These include savings vehicles and an array of financial services. Through these offerings, members are equipped with the tools and resources necessary to achieve their financial goals.
Land of Lincoln Credit Union's impact can be seen in the number of consumer loans it has provided to its members – a total of 6,660. These loans serve as stepping stones for individuals looking to invest in their future, purchase homes, or cover unexpected expenses. The credit union's commitment to financial success extends beyond just loans, as it also focuses on educating its members about various financial topics and offering guidance whenever needed.
In summary, Land of Lincoln Credit Union is a financial institution that puts the needs and success of its members at the forefront. By providing education and services, it empowers individuals to make informed financial decisions and take control of their financial futures.
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Impact
October, 2024
Land of Lincoln Credit Union plays a significant role in enhancing the financial well-being of its community. By focusing on education and providing a range of financial services, the credit union empowers its 34,055 members to achieve their financial goals. The organization has facilitated 6,660 consumer loans, enabling individuals to make significant purchases and investments in their futures. This commitment to financial education and access to savings vehicles and other services fosters a culture of financial literacy and stability, ultimately contributing to the overall economic health of Decatur, Illinois.
This information is meant to be a general summary of Land Of Lincoln 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: $2,139,601
- Program Service Revenue: $24,738,984
- Gross Receipts: $34,205,915
Assets and Liabilities:
- Total Assets: $380,839,730
- Total Liabilities: $351,108,159
- Net Assets: $29,731,571
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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
$15,187,052
FEE INCOME
Revenue
$4,590,927
CREDIT AND DEBIT CARD FEE INCOME
Revenue
$2,674,854
INSURANCE INCOME
Revenue
$1,253,899
INTERCHANGE INCOME
Revenue
$700,883
Organization Details
Founding Year
1947
Principal Officer
Robert Ares
Website
www.llcu.orgNTEE Category
Code: W60 - Public benefit
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