Overview
What is Credit Union 1?
Credit Union 1 is a member-owned financial institution based on the principle of improving economic well-being for its members. With a commitment to convenience and competitiveness, this nonprofit organization aims to promote growth and maintain long-term financial stability, ensuring the credit union remains a member-controlled entity. By offering a range of services tailored to its members, Credit Union 1 strives to empower and support the financial needs of its community.
Official website here: www.creditunion1.org
What do the Facebook reviews say about Credit Union 1?
82% of 289 reviewers on Facebook recommend Credit Union 1. Here is a summary of their reviews:
Many customers have expressed appreciation for the high level of customer service they received, highlighting the helpfulness and friendliness of the staff. A standout experience was shared about a representative named Danielle, who was praised for her professionalism and quick resolution of issues while providing a cheerful interaction. This positive sentiment reflects a strong rapport between customers and the service team.
Overall, the feedback signals that Credit Union 1 is doing a commendable job in customer support, making interactions enjoyable and effective for users. This commitment to quality service appears to contribute positively to the experience customers have with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Credit Union 1 legitimate?
Credit Union 1 is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union 1 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: $2,904,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.creditunion1.org
What is the mission statement of Credit Union 1?
Credit Union 1 is a member-controlled financial institution committed to enhancing the economic well-being of its members. Through convenient and competitive services, the credit union aims to foster long-term financial stability while maintaining its member-owned status. By providing financial solutions tailored to members' needs, Credit Union 1 prioritizes their ongoing financial health and growth. As a cooperative, the credit union's mission is to put its members first, balancing their financial needs with the institution's sustainability.
Official website here: www.creditunion1.org
Who is the CEO of Credit Union 1?
Scott Mcdonald is the Director - Chair of Credit Union 1. The CEO's salary of Credit Union 1 is $693,135 and their total compensation is $749,035.
Official website here: www.creditunion1.org
What is the revenue of Credit Union 1?
Credit Union 1's revenue in 2022 was $74,221,901.
Official website here: www.creditunion1.org
Who are the executives of Credit Union 1 and what are their salaries?
The average compensation at Credit Union 1 during 2022 was $5,990. There are 485 employees and 8 volunteers at Credit Union 1.
Here are 14 key members and their salaries (Credit Union 1's CEO's salary is $693,135 and their total compensation is $749,035):
- Compensation: $21,600
- Related: $0
- Other: $26,058
- Compensation: $14,400
- Related: $0
- Other: $10,906
- Compensation: $14,400
- Related: $0
- Other: $90
- Compensation: $14,400
- Related: $0
- Other: $45
- Compensation: $14,400
- Related: $0
- Other: $10,861
- Compensation: $14,400
- Related: $0
- Other: $10,906
- Compensation: $14,400
- Related: $0
- Other: $59
- Compensation: $693,135
- Related: $0
- Other: $55,900
- Compensation: $14,400
- Related: $0
- Other: $90
- Compensation: $389,506
- Related: $0
- Other: $52,761
- Compensation: $295,129
- Related: $0
- Other: $51,367
- Compensation: $285,231
- Related: $0
- Other: $47,766
- Compensation: $386,350
- Related: $0
- Other: $55,164
- Compensation: $375,427
- Related: $0
- Other: $35,816
Official website here: www.creditunion1.org
Where can I find the form 990 for Credit Union 1?
Credit Union 1's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.creditunion1.org
Learn more at the official website: www.creditunion1.org
Mission Statement of Credit Union 1
Credit Union 1, a member-owned and controlled financial institution, is dedicated to providing convenient and competitive services to its members. This dedication is driven by a mission to improve the ongoing economic well-being of its members, while ensuring the growth and long-term financial stability of the credit union.
In simple terms, Credit Union 1 aims to enhance the financial lives of its members. By offering a range of services that cater to the needs of its members, the credit union positions itself as a valuable partner in their financial journeys. This commitment to improvement extends beyond the present, as the credit union also works towards promoting growth and maintaining its financial integrity.
The member-owned structure of Credit Union 1 sets it apart from traditional financial institutions. As a cooperative, the credit union operates with its members' best interests at heart. This member-centric approach allows the credit union to tailor its offerings and adapt to the unique financial needs of its community.
Through its mission, Credit Union 1 strives to provide more than just financial services. It seeks to create a positive impact on the lives of its members, enabling them to achieve their financial goals and improve their overall economic well-being. This mission is the driving force behind the credit union's commitment to offering convenient and competitive services.
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Impact
October, 2024
Credit Union 1 significantly impacts its members by providing convenient and competitive financial services that enhance their economic well-being. As a member-owned and controlled institution, it prioritizes the needs and benefits of its members, ensuring that their financial interests are at the forefront of its operations. The credit union promotes growth while maintaining long-term financial stability, fostering a sense of community and shared responsibility among its members. Located in Rantoul, IL, Credit Union 1 stands as a reliable partner in the financial journeys of its members, helping them achieve their goals and improve their overall quality of life.
This information is meant to be a general summary of Credit Union 1. 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: $3,453,551
- Program Service Revenue: $47,263,470
- Gross Receipts: $75,979,515
Assets and Liabilities:
- Total Assets: $1,585,978,393
- Total Liabilities: $1,455,360,872
- Net Assets: $130,617,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$47,263,470
Organization Details
Founding Year
1958
Phone
(800) 252-6950Principal Officer
Scott Mcdonald
Main Address
200 E CHAMPAIGN AVE, RANTOUL, IL, 618662930
Website
www.creditunion1.orgNTEE Category
Code: W60 - Public benefit
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