Overview
What is Quincy Postal Employees Credit Union?
Quincy Postal Employees Credit Union is a member-focused financial institution situated in Quincy. Its primary purpose is to aid members in managing their financial health by offering services such as loans, savings accounts, and other financial solutions. The credit union promotes thrift among its members, offering them a chance to save and borrow money at reasonable interest rates. By doing so, it empowers members to control their funds and enhance their economic and social condition. The credit union serves 373 members through savings accounts and issues share certificates to 4 members.
Is Quincy Postal Employees Credit Union legitimate?
Quincy Postal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Quincy Postal Employees 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: $27,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Quincy Postal Employees Credit Union?
Quincy Postal Employees Credit Union's mission is centered around aiding its members in managing their financial well-being. This is achieved by offering loans, savings accounts, and various financial services in a friendly and professional manner. The credit union encourages its members to practice thrift, leading to the creation of a source of credit at reasonable interest rates. The ultimate goal is to provide an opportunity for members to have control over their money, thereby improving their economic and social condition. The credit union's programs include receiving deposits on savings accounts for its members and issuing share certificates.
Who is the CEO of Quincy Postal Employees Credit Union?
Unavailable
What is the revenue of Quincy Postal Employees Credit Union?
Quincy Postal Employees Credit Union's revenue in 2022 was $66,041.
Who are the executives of Quincy Postal Employees Credit Union and what are their salaries?
The average compensation at Quincy Postal Employees Credit Union during 2022 was $13,800. There are 2 employees and 7 volunteers at Quincy Postal Employees Credit Union.
Here are 9 key members and their salaries:
- Compensation: $13,800
- Related: $0
- Other: $0
- Compensation: $13,800
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Quincy Postal Employees Credit Union?
Quincy Postal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Quincy Postal Employees Credit Union
Quincy Postal Employees Credit Union is committed to fostering financial well-being among its members. Their mission, in essence, is twofold. Firstly, they encourage their members to adopt a savings habit, thereby creating a collective resource of credit. This is done at reasonable interest rates. Secondly, the credit union offers its members the opportunity to manage their money independently, empowering them to enhance their financial and social standing. By providing loan, savings account, and other financial services in a friendly and professional manner, Quincy Postal Employees Credit Union plays a significant role in improving its members' economic conditions.
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Impact
October, 2024
Quincy Postal Employees Credit Union plays a vital role in enhancing the financial well-being of its members in Quincy, IL. By providing accessible loans, savings accounts, and a range of financial services, the credit union fosters a supportive environment where members can effectively manage their finances.
Encouraging thrift and responsible financial behavior, the credit union helps members create a worthwhile source of credit at reasonable interest rates. This not only empowers individuals to take control of their finances but also contributes to improving their economic and social conditions.
With a strong focus on community, Quincy Postal Employees Credit Union serves 373 members by offering savings account services and issuing share certificates to additional members. This commitment to member engagement and financial education promotes both personal finance skills and community development, resulting in a stronger, more financially literate community.
This information is meant to be a general summary of Quincy Postal Employees 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: $31,048
- Program Service Revenue: $30,617
- Gross Receipts: $66,041
Assets and Liabilities:
- Total Assets: $2,650,778
- Total Liabilities: $2,370,870
- Net Assets: $279,908
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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
$17,887
Interest on VISA Cards
Revenue
$12,264
Finance Charges on VISA Cards
Revenue
$266
Insurance Reimbursements
Revenue
$14
Misc. Fees and Charges
Revenue
$186
Organization Details
Founding Year
1930
Phone
(217) 224-3188Main Address
3535 Locust Street, Quincy, IL, 62305
NTEE Category
Code: W60 - Public benefit
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