Overview
What is Redbrand Credit Union?
Redbrand Credit Union, established as a member-owned, not-for-profit financial cooperative, is situated in Bartonville, Illinois. With a mission to promote thrift and provide high-quality, competitive services and benefits, this credit union serves its membership of over 16,000 members and manages over 6,800 loan accounts, as well as offering Visa cards. Redbrand Credit Union's activities primarily revolve around offering consumer lending and receiving deposits from its members. The credit union boasts a workforce of 30 individuals dedicated to serving its community.
Official website here: www.redbrandcu.com
Is Redbrand Credit Union legitimate?
Redbrand Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Redbrand 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: $130,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $952,938
For more financial information, click here
Official website here: www.redbrandcu.com
What is the mission statement of Redbrand Credit Union?
Redbrand Credit Union, being a member-owned and not-for-profit financial cooperative, aims to promote thrift and provide the highest quality, competitive services and benefits for its members. Its continuing goals are focused on enhancing the financial well-being of its members by offering competitive consumer lending and receiving deposits. The credit union serves more than 16,060 member share type accounts and 6,895 loan type accounts, including Visa cards. Its services extend beyond traditional financial offerings, providing its members with a comprehensive range of financial solutions.
Official website here: www.redbrandcu.com
Who is the CEO of Redbrand Credit Union?
Kelly Pearce is the Director of Redbrand Credit Union.
Official website here: www.redbrandcu.com
What is the revenue of Redbrand Credit Union?
Redbrand Credit Union's revenue in 2022 was $3,375,198.
Official website here: www.redbrandcu.com
Who are the executives of Redbrand Credit Union and what are their salaries?
The average compensation at Redbrand Credit Union during 2022 was $36,116. There are 30 employees and 7 volunteers at Redbrand Credit Union.
Here are 7 key members and their salaries:
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- Other: $0
- Compensation: $114,420
- Related: $0
- Other: $16,127
Official website here: www.redbrandcu.com
Where can I find the form 990 for Redbrand Credit Union?
Redbrand Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redbrandcu.com
Learn more at the official website: www.redbrandcu.com
Mission Statement of Redbrand Credit Union
Redbrand Credit Union, as a member-owned, not-for-profit financial cooperative, is dedicated to promoting thrift and providing the highest quality, competitive services and benefits for its members. Its ongoing goals aim to cater to the financial needs of its members efficiently and effectively. The credit union offers various financial services, including consumer lending and handling deposits from its membership base. With over 16,060 member share type accounts and 6,895 loan type accounts, Redbrand Credit Union ensures it serves its members comprehensively, including Visa card services. The organization's commitment to its members is evident in its diverse range of financial offerings, designed to meet the varying financial requirements of its membership base.
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Impact
October, 2024
Redbrand Credit Union plays a vital role in the financial well-being of its community. Serving over 16,060 members, it offers a range of competitive services that foster thrift and enhance financial stability. The credit union’s focus on consumer lending and deposit services ensures that its members have access to resources that meet their needs, including various loan types and Visa cards. By prioritizing member satisfaction and financial education, Redbrand Credit Union contributes significantly to the economic health of Bartonville, IL, creating a positive impact that extends beyond individual financial transactions. The cooperative model empowers members, allowing them to benefit directly from the credit union’s success, thus reinforcing a sense of community and shared responsibility.
This information is meant to be a general summary of Redbrand 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: $417,501
- Program Service Revenue: $2,957,697
- Gross Receipts: $3,375,198
Assets and Liabilities:
- Total Assets: $75,687,181
- Total Liabilities: $69,217,258
- Net Assets: $6,469,923
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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
$1,481,426
FEES AND CHARGES
Revenue
$1,476,271
Organization Details
Founding Year
1952
Phone
(309) 697-1447Principal Officer
Kelly Pearce
Main Address
PO BOX 4128, BARTONVILLE, IL, 616074128
Website
www.redbrandcu.comNTEE Category
Code: W60 - Public benefit
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