Blaw Knox Credit Union

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

EIN: 370767426 ✦ Mattoon, IL ✦ Designated as a 501(c)(14)

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Overview

What is Blaw Knox Credit Union?

Blaw Knox Credit Union is a member-focused financial institution, headquartered with a commitment to improving its members' financial health. By offering a range of services such as loans, savings accounts, and other financial products, the credit union aims to help its 1,975 members manage their finances effectively. With a dedication to delivering superior saving and lending solutions, Blaw Knox Credit Union strives to surpass the offerings of other financial institutions. The credit union serves 427 of its members by providing consumer loans, indicating the institution's role in supporting its members' financial needs. The credit union's activity or mission is centered around assisting members in managing their financial well-being in a friendly and professional manner. As a testament to its commitment, Blaw Knox Credit Union ensures its services are delivered with a high level of professionalism.


Official website here: www.bkcu.net

Is Blaw Knox Credit Union legitimate?

Blaw Knox Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Blaw Knox 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: $68,376
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,311

For more financial information, click here


Official website here: www.bkcu.net

What is the mission statement of Blaw Knox Credit Union?

Blaw Knox Credit Union's mission is centered around aiding its members in managing their financial health. They accomplish this by offering a range of financial services, including loans and savings accounts, in a welcoming and proficient manner. The credit union is dedicated to providing its members with superior saving and lending options, surpassing what can be found elsewhere. Their offerings include offering consumer loans to over 400 members and receiving savings from nearly 2,000 members.


Official website here: www.bkcu.net

Who is the CEO of Blaw Knox Credit Union?

Dennis Camfield is the Treasurer/Manager of Blaw Knox Credit Union.


Official website here: www.bkcu.net

What is the revenue of Blaw Knox Credit Union?

Blaw Knox Credit Union's revenue in 2022 was $480,934.


Official website here: www.bkcu.net

Who are the executives of Blaw Knox Credit Union and what are their salaries?

The average compensation at Blaw Knox Credit Union during 2022 was $44,422. There are 4 employees and 8 volunteers at Blaw Knox Credit Union.


Here are 8 key members and their salaries:


April Cizek (Treasurer/Manager)
  • Compensation: $68,376
  • Related: $0
  • Other: $0
John Whitlock (Supervisory Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Camfield (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Landrus (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcmillian (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Herman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolas Houser (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Rich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bkcu.net

Where can I find the form 990 for Blaw Knox Credit Union?

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


Official website here: www.bkcu.net

Learn more at the official website: www.bkcu.net

Mission Statement of Blaw Knox Credit Union

Blaw Knox Credit Union, as a financial institution, is dedicated to aiding its members in managing their financial health effectively. The organization's mission is to surpass expectations by offering superior savings and lending products. By providing loans and savings accounts, along with other financial services, Blaw Knox Credit Union strives to assist its members in achieving financial well-being in a friendly and professional manner. The credit union's commitment lies in offering superior financial solutions that members may not be able to find elsewhere.

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Impact




October, 2024

Blaw Knox Credit Union plays a significant role in enhancing the financial well-being of its members in Mattoon, Illinois. By offering a range of financial services—including loans and savings accounts—the credit union actively supports its community's economic stability and growth.

With 427 members benefiting from consumer loans, Blaw Knox enables individuals to access funds for various needs, fostering personal and financial development. Moreover, with savings accounts held by 1,975 members, the credit union encourages saving habits, contributing to a stronger financial foundation for its members.

The credit union's commitment to providing better saving and lending products sets it apart, ensuring that members receive competitive rates and personalized service in a friendly, professional environment. This commitment not only empowers individuals but also positively impacts the local economy by promoting financial literacy and encouraging responsible borrowing and saving practices.




This information is meant to be a general summary of Blaw Knox 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
$480,934 (2022)
Expenses
$417,785 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $66,432
  • Program Service Revenue: $414,502
  • Gross Receipts: $480,934

Assets and Liabilities:

  • Total Assets: $13,520,945
  • Total Liabilities: $11,310,219
  • Net Assets: $2,210,726

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Programs

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

Income from Loans

Revenue

$335,625

Organization Details

Founding Year

1957

Principal Officer

Dennis Camfield

Main Address

215 South 17th Street, Mattoon, IL, 61938

NTEE Category

Code: W60 - Public benefit

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