Overview
What is Midwest Members Credit Union?
Midwest Members Credit Union is a nonprofit organization situated in Wood River, Illinois. With a membership base of 19,816 individuals, the credit union offers a wide array of financial services to cater to their needs. The primary goal of Midwest Members Credit Union is to become the preferred full-service credit union in its area by ensuring convenient access to various financial solutions for its members. The credit union employs a team of 67 dedicated professionals to deliver these services.
Official website here: www.midmembers.org
Is Midwest Members Credit Union legitimate?
Midwest Members Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midwest Members 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: $392,259
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,722,744
For more financial information, click here
Official website here: www.midmembers.org
What is the mission statement of Midwest Members Credit Union?
Midwest Members Credit Union aims to establish itself as the preferred full-service credit union in the area. They achieve this by offering members convenient access to a broad spectrum of financial services. The credit union's mission is to provide financial and financially related services to its 19,816 members, ensuring they have a wide range of options at their disposal.
Official website here: www.midmembers.org
Who is the CEO of Midwest Members Credit Union?
Louis Bicanic Iii is the Chairman of Midwest Members Credit Union. The CEO's salary of Midwest Members Credit Union is $156,888 and their total compensation is $198,988.
Official website here: www.midmembers.org
What is the revenue of Midwest Members Credit Union?
Midwest Members Credit Union's revenue in 2022 was $9,071,640.
Official website here: www.midmembers.org
Who are the executives of Midwest Members Credit Union and what are their salaries?
The average compensation at Midwest Members Credit Union during 2022 was $31,567. There are 67 employees and 7 volunteers at Midwest Members Credit Union.
Here are 10 key members and their salaries (Midwest Members Credit Union's CEO's salary is $156,888 and their total compensation is $198,988):
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $0
- Related: $0
- Other: $165
- Compensation: $156,888
- Related: $0
- Other: $42,100
- Compensation: $91,622
- Related: $0
- Other: $4,729
- Compensation: $84,917
- Related: $0
- Other: $10,848
Official website here: www.midmembers.org
Where can I find the form 990 for Midwest Members Credit Union?
Midwest Members Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midmembers.org
Learn more at the official website: www.midmembers.org
Mission Statement of Midwest Members Credit Union
Midwest Members Credit Union, as a full-service credit union, aims to become the preferred choice for its members in the area. It accomplishes this by offering convenient access to a broad spectrum of financial services. The credit union's mission is centered around providing its 19,816 members with a diverse range of financial and financially related services. By doing so, Midwest Members Credit Union aims to cater to the diverse financial needs of its members, thereby positioning itself as a comprehensive financial solution.
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Impact
October, 2024
Midwest Members Credit Union serves as a vital financial resource for the Wood River community, impacting the lives of 19,816 members by providing convenient access to a diverse range of financial services. By prioritizing member needs, the credit union fosters a supportive atmosphere where individuals can secure loans, manage savings, and access various financial products tailored to their goals. Through this commitment, Midwest Members Credit Union enhances financial well-being and stability within the community, making it the area's preferred choice for comprehensive financial services.
This information is meant to be a general summary of Midwest Members 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: $454,662
- Program Service Revenue: $8,594,680
- Gross Receipts: $9,071,640
Assets and Liabilities:
- Total Assets: $194,942,200
- Total Liabilities: $178,576,606
- Net Assets: $16,365,594
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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
$5,117,226
FEES & OTHER INCOME
Revenue
$3,474,454
WARRANTY SALES
Revenue
$3,000
Organization Details
Founding Year
1935
Phone
(618) 254-0605Principal Officer
Louis Bicanic Iii
Main Address
PO BOX 619, WOOD RIVER, IL, 620950619
Website
www.midmembers.orgNTEE Category
Code: W60 - Public benefit
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