Overview
What is Decatur Policemen Credit Union?
Decatur Policemen Credit Union is a nonprofit organization situated in Decatur, Illinois. The primary function of this credit union is to provide financial services to its members, adhering to its charter's specifications. The credit union offers various financial products, including savings accounts that pay a quarterly dividend and consumer loans at competitive rates. With a team of three dedicated individuals, Decatur Policemen Credit Union aims to support its members financially, contributing to their financial well-being.
Is Decatur Policemen Credit Union legitimate?
Decatur Policemen Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Decatur Policemen 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: $25,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Decatur Policemen Credit Union?
The Decatur Policemen Credit Union is committed to providing financial services to its members. One of its key offerings includes savings accounts that pay a dividend quarterly. Additionally, the credit union extends consumer loans to its members at competitive rates. The institution operates within the parameters of its charter, ensuring it delivers financial services effectively to its members.
Who is the CEO of Decatur Policemen Credit Union?
Bradley D Allen is the President/Tr of Decatur Policemen Credit Union.
What is the revenue of Decatur Policemen Credit Union?
Decatur Policemen Credit Union's revenue in 2022 was $121,437.
Who are the executives of Decatur Policemen Credit Union and what are their salaries?
The average compensation at Decatur Policemen Credit Union during 2022 was $8,400. There are 3 employees at Decatur Policemen Credit Union.
Here are 9 key members and their salaries:
- Compensation: $13,200
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $1,200
- 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 Policemen Credit Union?
Decatur Policemen Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Decatur Policemen Credit Union
Decatur Policemen Credit Union, as a financial institution, is dedicated to serving its members by offering a variety of financial services. One of its key offerings is savings accounts that pay a quarterly dividend, providing members with an opportunity to grow their funds over time. Furthermore, the credit union extends consumer loans to its members at competitive rates, making it easier for them to meet their financial needs. The Decatur Policemen Credit Union adheres to the guidelines of its charter by offering these financial services, thereby fulfilling its mission to support its members financially.
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Impact
October, 2024
Decatur Policemen Credit Union plays a vital role in the financial well-being of its members by providing accessible financial services tailored to their unique needs. Located in Decatur, Illinois, the credit union offers savings accounts with quarterly dividends, enabling members to grow their savings effectively.
Additionally, the credit union facilitates consumer loans at competitive rates, ensuring that members have access to necessary funds for personal or family needs without the burden of excessive interest rates. Through these services, Decatur Policemen Credit Union not only supports individual financial stability but also fosters a sense of community among its members, who are likely to include local law enforcement personnel and their families. Overall, the credit union's operations contribute positively to the local economy and enhance the financial security of its members.
This information is meant to be a general summary of Decatur Policemen 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: $10,786
- Program Service Revenue: $109,767
- Gross Receipts: $121,437
Assets and Liabilities:
- Total Assets: $6,326,169
- Total Liabilities: $5,665,011
- Net Assets: $661,158
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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
$109,767
Organization Details
Founding Year
1936
Phone
(217) 542-3524Principal Officer
Bradley D Allen
Main Address
707 W SOUTH SIDE DRIVE, DECATUR, IL, 62521
NTEE Category
Code: W60 - Public benefit
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