Overview
What is Taylorville Community Credit Union?
Taylorville Community Credit Union is a nonprofit financial institution located at 422 W MAIN ST, Taylorville, IL 62568. With a dedicated team of 30 employees, its primary mission is to promote thrift among its members, offer a reliable source of credit at reasonable interest rates, and provide an opportunity for its members to manage their own funds, ultimately improving their economic and social conditions. The credit union serves over 12,200 member share accounts and more than 2,900 loan accounts, including Visa cards, demonstrating its commitment to meeting the financial needs of its members.
Is Taylorville Community Credit Union legitimate?
Taylorville Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Taylorville Community 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: $636,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,318
For more financial information, click here
What is the mission statement of Taylorville Community Credit Union?
Taylorville Community Credit Union's mission is centered around encouraging savings among its members and providing them with a reliable source of credit at reasonable interest rates. The primary objective is to offer members an opportunity to manage their own money, thereby improving their economic and social conditions. By doing so, the credit union aims to empower its members to take control of their financial situations. The institution provides consumer lending and receives deposits from its membership, which currently exceeds 12,200 share accounts and 2,900 loan accounts, including Visa cards.
Who is the CEO of Taylorville Community Credit Union?
William Perkins is the Chair of Taylorville Community Credit Union. The CEO's salary of Taylorville Community Credit Union is $159,924 and their total compensation is $173,395.
What is the revenue of Taylorville Community Credit Union?
Taylorville Community Credit Union's revenue in 2022 was $3,813,489.
Who are the executives of Taylorville Community Credit Union and what are their salaries?
The average compensation at Taylorville Community Credit Union during 2022 was $40,299. There are 30 employees and 8 volunteers at Taylorville Community Credit Union.
Here are 15 key members and their salaries (Taylorville Community Credit Union's CEO's salary is $159,924 and their total compensation is $173,395):
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- Compensation: $159,924
- Related: $0
- Other: $13,471
- Compensation: $83,843
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- Other: $4,569
- Compensation: $51,541
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- Other: $2,932
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- Compensation: $62,384
- Related: $0
- Other: $7,361
- Compensation: $72,884
- Related: $0
- Other: $3,743
- Compensation: $58,933
- Related: $0
- Other: $7,693
- Compensation: $98,149
- Related: $0
- Other: $9,231
Where can I find the form 990 for Taylorville Community Credit Union?
Taylorville Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Taylorville Community Credit Union
Taylorville Community Credit Union, as an organization, is dedicated to encouraging thrift among its members. This means inspiring its members to save money and practice financial prudence. Furthermore, the credit union aims to create a reliable source of credit, offering loans at reasonable interest rates. This aspect empowers its members by providing them with an opportunity to use and manage their own funds effectively, ultimately aiming to improve their economic and social conditions. In essence, Taylorville Community Credit Union serves as a platform that enables its members to take control of their financial lives, fostering financial stability and growth.
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Impact
October, 2024
Taylorville Community Credit Union plays a vital role in fostering economic empowerment and financial stability within its community. By encouraging thrift among its members, the credit union promotes a culture of saving and responsible financial management. With over 12,200 member share accounts and more than 2,900 loan accounts, including VISA cards, it provides accessible financial services that enable members to control their finances effectively.
The credit union also emphasizes the importance of affordable credit. By offering loans at reasonable interest rates, Taylorville Community Credit Union helps its members access the funds they need for various purposes, from personal expenditures to education and home purchases. This support not only enhances individual financial health but also contributes to the overall economic well-being of the Taylorville community.
In essence, the credit union’s mission of providing tools for financial independence helps improve social conditions for its members, fostering a stronger and more resilient community.
This information is meant to be a general summary of Taylorville Community 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: $244,084
- Program Service Revenue: $3,205,743
- Gross Receipts: $3,850,949
Assets and Liabilities:
- Total Assets: $82,627,272
- Total Liabilities: $75,354,449
- Net Assets: $7,272,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,689,762
FEES AND CHARGES
Revenue
$515,981
Organization Details
Founding Year
1956
Phone
(217) 824-9658Principal Officer
William Perkins
Main Address
422 W MAIN ST, TAYLORVILLE, IL, 625682156
NTEE Category
Code: W60 - Public benefit
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