Overview
What is Scott Credit Union?
Scott Credit Union is a financial institution located at 101 Credit Union Way, Edwardsville, Illinois, with a total workforce of 595 employees. Their primary mission is to cater to the financial needs of their members by managing deposits, extending loans, and prudently investing excess funds. This nonprofit organization focuses on delivering essential financial services to its members in an effective and responsible manner.
Official website here: www.scu.org
Is Scott Credit Union legitimate?
Scott Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Scott 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: $3,265,054
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,153,308
For more financial information, click here
Official website here: www.scu.org
What is the mission statement of Scott Credit Union?
Scott Credit Union is dedicated to meeting the financial needs of its members. It achieves this by collecting deposits, issuing loans, and managing excess funds with prudence. The institution prioritizes the interests of its members by offering these financial services in a responsible manner. By accepting deposits, the credit union provides a source of savings for its members. It extends loans to help members achieve their financial goals, be it purchasing a home or starting a business. Additionally, by investing excess funds wisely, the credit union generates returns that benefit its members in the long term. The credit union's mission is to create value and build trust within its membership through its financial services.
Official website here: www.scu.org
Who is the CEO of Scott Credit Union?
Frank Padak is the CEO of Scott Credit Union The CEO's salary of Scott Credit Union is $899,188 and their total compensation is $989,355.
Official website here: www.scu.org
What is the revenue of Scott Credit Union?
Scott Credit Union's revenue in 2023 was $105,927,391.
Official website here: www.scu.org
Who are the executives of Scott Credit Union and what are their salaries?
The average compensation at Scott Credit Union during 2023 was $50,378. There are 445 employees and 8 volunteers at Scott Credit Union.
Here are 21 key members and their salaries (Scott Credit Union's CEO's salary is $899,188 and their total compensation is $989,355):
- Compensation: $899,188
- Related: $0
- Other: $90,167
- 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
- Compensation: $396,587
- Related: $0
- Other: $64,184
- Compensation: $272,734
- Related: $0
- Other: $76,329
- Compensation: $266,543
- Related: $0
- Other: $58,914
- Compensation: $263,980
- Related: $0
- Other: $27,921
- Compensation: $252,574
- Related: $0
- Other: $57,797
- Compensation: $242,206
- Related: $0
- Other: $55,481
- Compensation: $225,929
- Related: $0
- Other: $14,520
- Compensation: $179,384
- Related: $0
- Other: $9,908
- Compensation: $177,166
- Related: $0
- Other: $50,831
- Compensation: $169,778
- Related: $0
- Other: $49,845
- Compensation: $158,068
- Related: $0
- Other: $49,001
- Compensation: $148,285
- Related: $0
- Other: $46,909
Official website here: www.scu.org
Where can I find the form 990 for Scott Credit Union?
Scott Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scu.org
Learn more at the official website: www.scu.org
Mission Statement of Scott Credit Union
Scott Credit Union, a financial institution dedicated to its members, fulfills their financial needs by skillfully managing deposits, extending loans, and prudently investing surplus funds. The Union's primary objective is to serve its members' interests, ensuring their financial well-being through its reliable financial services. By accepting deposits, Scott Credit Union stores members' savings while offering them the peace of mind that their funds are safe and accessible. In addition, the Union grants loans to help members achieve their financial goals, be it purchasing a home or financing education. Furthermore, it invests excess funds in a prudent manner to generate returns for the members, enhancing the value of their savings. The Union's commitment to its members extends beyond basic financial services, providing them with the security and confidence they need to manage their finances effectively.
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Impact
October, 2024
Scott Credit Union has a significant impact on the community by effectively addressing its members' financial needs. By accepting deposits, granting loans, and wisely investing excess funds, Scott Credit Union fosters financial stability and growth for individuals and families. This commitment not only supports the financial well-being of its members but also contributes to the economic development of Edwardsville, IL, and the surrounding areas. Through its services, Scott Credit Union plays a vital role in enhancing the overall quality of life for its members, ensuring they have access to the essential financial resources necessary for achieving their goals.
This information is meant to be a general summary of Scott 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 2023.
- Investment Income: $14,971,683
- Program Service Revenue: $90,955,708
- Gross Receipts: $105,927,391
Assets and Liabilities:
- Total Assets: $1,751,826,315
- Total Liabilities: $1,613,825,374
- Net Assets: $138,000,941
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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
$67,546,935
FEES, CHARGES, OTHER
Revenue
$23,054,614
FINANCE AND INSURANCE
Revenue
$354,159
Organization Details
Founding Year
1943
Principal Officer
Frank M Padak
Website
www.scu.orgNTEE Category
Code: W60 - Public benefit
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