Peoria Hiway Credit Union

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

EIN: 370715957 ✦ Peoria, IL ✦ Designated as a 501(c)(14)

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Overview

What is Peoria Hiway Credit Union?

Peoria Hiway Credit Union is a community-focused financial institution located at 1025 W DETWEILLER DR, Peoria, Illinois. With a modest workforce of two dedicated individuals, the credit union offers credit and deposit services to its membership, managing over 850 share accounts and 250 loan accounts. Their mission is to assist members in managing their financial well-being, providing various loans, savings accounts, and financial services in a friendly and professional manner. The credit union's operations extend beyond basic banking, aiming to contribute positively to the financial lives of its members.

Is Peoria Hiway Credit Union legitimate?

Peoria Hiway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoria Hiway 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: $53,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,106

For more financial information, click here

What is the mission statement of Peoria Hiway Credit Union?

Peoria Hiway Credit Union's mission is centered around assisting its members in managing their financial well-being. They achieve this by offering a variety of financial services, including loans and savings accounts, in a friendly and professional manner. The credit union's activities are geared towards providing these services effectively, with over 850 member share type accounts and 250 loan type accounts being catered to. In essence, Peoria Hiway Credit Union aims to help its members navigate their financial landscapes with ease and professionalism.

Who is the CEO of Peoria Hiway Credit Union?

Nancy Biagini is the Treasurer of Peoria Hiway Credit Union.

What is the revenue of Peoria Hiway Credit Union?

Peoria Hiway Credit Union's revenue in 2022 was $222,843.

Who are the executives of Peoria Hiway Credit Union and what are their salaries?

The average compensation at Peoria Hiway Credit Union during 2022 was $29,403. There are 2 employees and 11 volunteers at Peoria Hiway Credit Union.


Here are 11 key members and their salaries:


Greg Svoboda (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Killen (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Bresnahan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendal Chambliss (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janeen Bradshaw-Combs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Interial (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Ambrosia (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonya Rodgers-Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Lodenburg (Associate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Biagini (President/Manager)
  • Compensation: $53,700
  • Related: $0
  • Other: $0
Where can I find the form 990 for Peoria Hiway Credit Union?

Peoria Hiway Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Peoria Hiway Credit Union

Peoria Hiway Credit Union, a financial institution dedicated to its members, aims to assist them in managing their financial well-being. It accomplishes this by offering various financial services such as loans, savings accounts, and other financial products. The credit union prides itself on providing these services in a friendly and professional manner, ensuring that its members feel comfortable and well-catered to. With over 850 member share type accounts and 250 loan type accounts under its management, Peoria Hiway Credit Union is committed to helping its members navigate their financial landscape effectively.

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Impact




October, 2024

Peoria Hiway Credit Union plays a significant role in enhancing the financial well-being of its members in Peoria, Illinois. By providing essential financial services such as loans and savings accounts, the credit union supports over 850 member share accounts and 250 loan accounts. This focus on consumer lending and financial management offers its members a friendly and professional environment to navigate their financial needs.

Through its dedicated services, the credit union fosters financial stability and growth for its members, empowering them to make informed decisions and improve their financial health. This commitment not only benefits individuals and families but also contributes positively to the community by promoting economic resilience and inclusion.




This information is meant to be a general summary of Peoria Hiway 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
$222,843 (2022)
Expenses
$135,097 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,110
  • Program Service Revenue: $208,208
  • Gross Receipts: $222,843

Assets and Liabilities:

  • Total Assets: $4,782,818
  • Total Liabilities: $4,146,328
  • Net Assets: $636,490

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$201,271

FEES AND CHARGES

Revenue

$6,937

Organization Details

Founding Year

1951

Principal Officer

Nancy Biagini

Main Address

1025 W DETWEILLER DR, PEORIA, IL, 616152064

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