Overview
What is Decatur Postal Credit Union?
Decatur Postal Credit Union is a credit union situated in Decatur, Illinois, specifically at 214 N Franklin St, Box 104A. With a small team of three employees, it offers its members a safe space for financial growth by providing savings opportunities and loan services. The union received deposits from approximately 635 members with share type accounts and extended around 195 consumer loans to its members. In essence, Decatur Postal Credit Union serves as a financial hub for its members, offering a place to save their funds and access loans when needed.
Is Decatur Postal Credit Union legitimate?
Decatur Postal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Decatur Postal 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: $40,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,840
For more financial information, click here
What is the mission statement of Decatur Postal Credit Union?
Decatur Postal Credit Union is committed to serving its members by providing a platform for both savings and loans. Its mission is to cater to the financial needs of its members, offering them a place to save their money and access loans when needed. The credit union received deposits from approximately 635 members through share type accounts and extended around 195 consumer loans to its members. In essence, Decatur Postal Credit Union aims to support its members financially, offering them a reliable and member-focused financial service.
Who is the CEO of Decatur Postal Credit Union?
Melissa Wright is the Director of Decatur Postal Credit Union.
What is the revenue of Decatur Postal Credit Union?
Decatur Postal Credit Union's revenue in 2022 was $171,922.
Who are the executives of Decatur Postal Credit Union and what are their salaries?
The average compensation at Decatur Postal Credit Union during 2022 was $20,763. There are 3 employees and 9 volunteers at Decatur Postal Credit Union.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $40,448
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Decatur Postal Credit Union?
Decatur Postal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Decatur Postal Credit Union
Decatur Postal Credit Union, as a credit union, serves its members by providing a secure place for them to save their money and access loans when needed. The mission of this financial institution is centered around its members, offering them both a savings option and the opportunity to borrow funds when necessary. With approximately 635 members having savings accounts at Decatur Postal Credit Union, and around 195 consumer loans being provided to its members, the credit union demonstrates its commitment to serving its members financially.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Decatur Postal Credit Union plays a vital role in the financial well-being of its community by providing a reliable place for its members to save money and access loans. With approximately 635 members actively participating in share type accounts, the credit union fosters a sense of community by encouraging savings and financial stability among its members.
In addition, Decatur Postal Credit Union has provided around 195 consumer loans, helping individuals achieve their personal financial goals, whether it's purchasing a car, funding education, or managing other expenses. By serving its members in Decatur, Illinois, the credit union not only contributes to their financial needs but also promotes a culture of saving and responsible borrowing, ultimately enhancing the economic health of the community.
This information is meant to be a general summary of Decatur Postal 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: $22,629
- Program Service Revenue: $133,057
- Gross Receipts: $171,922
Assets and Liabilities:
- Total Assets: $6,897,440
- Total Liabilities: $5,555,961
- Net Assets: $1,341,479
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON MEMBER LOANS
Revenue
$128,417
FEES
Revenue
$4,640
Organization Details
Founding Year
1928
Phone
(217) 428-8333Principal Officer
Melissa Wright
Main Address
214 N FRANKLIN ST BOX 104A, DECATUR, IL, 62523
NTEE Category
Code: W60 - Public benefit
If you are a representative of Decatur Postal Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.