Catholic & Community Credit Union

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

EIN: 370646158 ✦ Shiloh, IL ✦ Designated as a 501(c)(14)

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Overview

What is Catholic & Community Credit Union?

Catholic & Community Credit Union is a nonprofit organization that primarily focuses on offering financial services to its members. Specifically, they provide both savings accounts and loans, aiming to support their members financially. While the information provided does not offer additional details about the organization's mission or impact, it can be inferred that they are dedicated to helping their members manage their finances effectively.


Official website here: www.catholicandcommunitycu.com

Is Catholic & Community Credit Union legitimate?

Catholic & Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Catholic & Community 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: $267,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,288,462

For more financial information, click here


Official website here: www.catholicandcommunitycu.com

What is the mission statement of Catholic & Community Credit Union?

Catholic & Community Credit Union's primary mission is to offer loan and savings services to its members. This financial institution is dedicated to providing its members with financial solutions, aiming to support their financial needs and goals. The credit union does not disclose a specific mission statement beyond its main activities, but its purpose can be inferred as being centered around financial assistance and member service.


Official website here: www.catholicandcommunitycu.com

Who is the CEO of Catholic & Community Credit Union?

Ken Bossung is the President of Catholic & Community Credit Union.


Official website here: www.catholicandcommunitycu.com

What is the revenue of Catholic & Community Credit Union?

Catholic & Community Credit Union's revenue in 2022 was $6,891,014.


Official website here: www.catholicandcommunitycu.com

Who are the executives of Catholic & Community Credit Union and what are their salaries?

The average compensation at Catholic & Community Credit Union during 2022 was $29,914. There are 52 employees and 7 volunteers at Catholic & Community Credit Union.


Here are 9 key members and their salaries:


Thomas Dinges (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Jacob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Belter (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Bossung (President)
  • Compensation: $150,036
  • Related: $0
  • Other: $7,531
Doreen Nersesian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Hayden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Fries (Treasurer & Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Schaberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Pickus (Vice President Of Accounting)
  • Compensation: $104,240
  • Related: $0
  • Other: $5,241


Official website here: www.catholicandcommunitycu.com

Where can I find the form 990 for Catholic & Community Credit Union?

Catholic & Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.catholicandcommunitycu.com

Learn more at the official website: www.catholicandcommunitycu.com

Mission Statement of Catholic & Community Credit Union

Catholic & Community Credit Union's primary mission is centered around providing financial assistance to its members. This is achieved through the offering of both savings accounts and loans. The credit union aims to empower its members by providing them with financial tools, enabling them to manage their finances effectively. By sourcing this information from the provided data, it can be inferred that Catholic & Community Credit Union is committed to fostering financial well-being within its member community.

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Impact




October, 2024

Catholic & Community Credit Union plays a vital role in its community by providing accessible financial services, including loans and savings accounts, to its members in Shiloh, Illinois. By focusing on the needs of individuals and families, the credit union fosters financial inclusivity and stability.

By offering affordable loans, members have the opportunity to invest in their aspirations, whether it's purchasing a home, funding education, or managing unexpected expenses. Savings accounts encourage a culture of saving, allowing members to build financial resilience and prepare for future needs.

Through its community-oriented approach, Catholic & Community Credit Union not only supports individual financial health but also contributes to the overall economic well-being of the region, creating a positive impact that extends beyond its immediate membership.




This information is meant to be a general summary of Catholic & Community 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
$6,891,014 (2022)
Expenses
$5,290,815 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,615,776
  • Program Service Revenue: $4,517,158
  • Gross Receipts: $7,168,640

Assets and Liabilities:

  • Total Assets: $183,413,723
  • Total Liabilities: $174,215,004
  • Net Assets: $9,198,719

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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

$3,104,066

FEES AND CHARGES

Revenue

$1,413,092

Organization Details

Founding Year

1938

Principal Officer

Ken Bossung

Main Address

1109 HARTMAN LANE, SHILOH, IL, 62221

NTEE Category

Code: W60 - Public benefit

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