Overview
What is Illinois Educators Credit Union?
Illinois Educators Credit Union is a nonprofit financial institution situated in Springfield, Illinois, specifically at 3101 Montvale Drive. The credit union's primary role is to support its members by offering various deposit accounts and providing loans and other financial services. As of December 31, 2022, the credit union boasts a membership of 8,997 individuals. The Illinois Educators Credit Union operates with a team of 42 dedicated employees, all committed to serving the financial needs of its membership.
Official website here: www.iecumember.org
Is Illinois Educators Credit Union legitimate?
Illinois Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Illinois Educators 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: $308,761
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,200,771
For more financial information, click here
Official website here: www.iecumember.org
What is the mission statement of Illinois Educators Credit Union?
The Illinois Educators Credit Union's mission is centered around assisting its membership. By offering loans, deposit accounts, and various financial services, the Credit Union aims to benefit its entire member base. The Credit Union operates with the goal of enhancing the financial well-being of its members. As of December 31, 2022, the Credit Union had a membership of 8,997 individuals.
Official website here: www.iecumember.org
Who is the CEO of Illinois Educators Credit Union?
Jody Dabrowski is the CEO of Illinois Educators Credit Union The CEO's salary of Illinois Educators Credit Union is $249,123 and their total compensation is $259,493.
Official website here: www.iecumember.org
What is the revenue of Illinois Educators Credit Union?
Illinois Educators Credit Union's revenue in 2023 was $5,723,602.
Official website here: www.iecumember.org
Who are the executives of Illinois Educators Credit Union and what are their salaries?
The average compensation at Illinois Educators Credit Union during 2023 was $40,798. There are 37 employees and 11 volunteers at Illinois Educators Credit Union.
Here are 13 key members and their salaries (Illinois Educators Credit Union's CEO's salary is $249,123 and their total compensation is $259,493):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $249,123
- Related: $0
- Other: $10,370
- Compensation: $45,589
- Related: $0
- Other: $3,679
- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iecumember.org
Where can I find the form 990 for Illinois Educators Credit Union?
Illinois Educators Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iecumember.org
Learn more at the official website: www.iecumember.org
Mission Statement of Illinois Educators Credit Union
Illinois Educators Credit Union, in its mission, aims to support its membership by offering a variety of financial services, including loans and deposit accounts. The Credit Union's primary objective is to benefit its entire membership, working towards their collective financial well-being. As of December 31, 2022, the Credit Union has over 8,997 members who have sought its assistance. The Credit Union's activities are geared towards providing these services, aiming to contribute positively to its members' financial lives.
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Impact
October, 2024
Illinois Educators Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members. With a membership base of 8,997 individuals as of December 31, 2022, the Credit Union plays a vital role in enhancing financial literacy and stability among educators and their families in Springfield, IL.
The Credit Union offers a variety of deposit accounts, enabling members to save effectively and manage their finances with ease. By providing loans and other financial services, it empowers its members to achieve their personal and professional goals, thereby fostering a supportive environment that benefits the entire community. Overall, Illinois Educators Credit Union is dedicated to enhancing the financial well-being of its members, creating a more financially secure future for all involved.
This information is meant to be a general summary of Illinois Educators 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: $518,756
- Program Service Revenue: $5,186,860
- Gross Receipts: $5,723,602
Assets and Liabilities:
- Total Assets: $100,277,471
- Total Liabilities: $89,732,087
- Net Assets: $10,545,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$3,729,712
Fees and Charges
Revenue
$964,271
Interchange Income
Revenue
$492,877
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1938
Principal Officer
Jody Dabrowski
Website
www.iecumember.orgNTEE Category
Code: W60 - Public benefit
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