Springfield City Employees Credit Union

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

EIN: 370790402 ✦ Springfield, IL ✦ Designated as a 501(c)(14)

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Overview

What is Springfield City Employees Credit Union?

Springfield City Employees Credit Union serves as a financially secure haven for its members, enabling them to save funds and access competitive loan options. As a nonprofit credit union and financial institution, it operates under the guidance of Diane M Lauterbach. The primary mission of Springfield City Employees Credit Union is to offer a secure environment for members to save their money and provide them with competitive borrowing opportunities. The union prides itself on being a reliable financial partner to its members.


Official website here: www.scecu.org

Is Springfield City Employees Credit Union legitimate?

Springfield City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Springfield City 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: $78,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,014

For more financial information, click here


Official website here: www.scecu.org

What is the mission statement of Springfield City Employees Credit Union?

Springfield City Employees Credit Union's mission is centered around providing its members with a secure space for savings and competitive borrowing options. Acting as a financial institution and credit union, the organization offers its services with a focus on ensuring member satisfaction. The credit union operates with a leadership structure in place, aiming to cater to its members' financial needs effectively.


Official website here: www.scecu.org

Who is the CEO of Springfield City Employees Credit Union?

Diane M Lauterbach is the President/Manager of Springfield City Employees Credit Union.


Official website here: www.scecu.org

What is the revenue of Springfield City Employees Credit Union?

Springfield City Employees Credit Union's revenue in 2022 was $434,126.


Official website here: www.scecu.org

Who are the executives of Springfield City Employees Credit Union and what are their salaries?

The average compensation at Springfield City Employees Credit Union during 2022 was $36,004. There are 4 employees and 9 volunteers at Springfield City Employees Credit Union.


Here are 9 key members and their salaries:


Diane M Lauterbach (President/Manager)
  • Compensation: $78,000
  • Related: $0
  • Other: $0
Robert Bommarito (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane M Lauterbach (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Kuizin (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Cowan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kollins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seena Friend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Snider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scecu.org

Where can I find the form 990 for Springfield City Employees Credit Union?

Springfield City Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scecu.org

Learn more at the official website: www.scecu.org

Mission Statement of Springfield City Employees Credit Union

Springfield City Employees Credit Union, led by Diane M Lauterbach, is dedicated to serving its members by offering a secure environment for savings and a competitive loan service. As a financial institution and credit union, the organization's primary mission is to provide a safe and reliable place for its members to save their funds. Simultaneously, it offers competitive loan options, ensuring its members have access to affordable borrowing opportunities. In essence, Springfield City Employees Credit Union seeks to strike a balance between fostering financial security and offering accessible financial services, thereby benefiting its members.

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Impact




October, 2024

Springfield City Employees Credit Union plays a significant role in enhancing the financial stability of its members and the broader community. By offering a secure environment for savings, it encourages responsible financial habits and provides peace of mind to its members. Additionally, the credit union's competitive lending services facilitate access to necessary funds for personal loans, home purchases, and other financial needs, promoting economic growth and stability among its members.

Led by Diane M Lauterbach, the organization is dedicated to meeting the unique financial needs of city employees and their families, fostering a sense of community and mutual support. This commitment not only strengthens individual financial health but also positively impacts the overall economy of Springfield, IL. By prioritizing member welfare and public benefit, Springfield City Employees Credit Union serves as a vital resource for its community, helping to empower members through financial education and services that are both accessible and beneficial.




This information is meant to be a general summary of Springfield City 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.

Revenue
$434,126 (2022)
Expenses
$349,150 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $48,920
  • Program Service Revenue: $385,206
  • Gross Receipts: $434,126

Assets and Liabilities:

  • Total Assets: $13,103,998
  • Total Liabilities: $11,355,558
  • Net Assets: $1,748,440

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Organization Details

Founding Year

1958

Principal Officer

Diane M Lauterbach

Main Address

300 S 7TH ST ROOM B4, SPRINGFIELD, IL, 62701

NTEE Category

Code: W60 - Public benefit

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