Overview
What is Springfield Firefighters Credit Union?
The Springfield Firefighters Credit Union, situated in Springfield, Illinois, is a small, member-focused financial institution. Its primary mission is to provide loans to its members using their savings deposits. By doing so, it contributes to the financial well-being of its members by offering them a single loan account and savings account. This nonprofit credit union, with its headquarters at 2401 Peoria Road, Springfield, IL 62702, serves its community by utilizing members' investments to fund loans.
Is Springfield Firefighters Credit Union legitimate?
Springfield Firefighters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Springfield Firefighters 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Springfield Firefighters Credit Union?
The Springfield Firefighters Credit Union's primary mission is to extend loans to its members utilizing the funds they deposit within the institution. This financial institution operates on a mutual basis, where members invest their money and in turn, can avail of loans. The credit union made 87 such loans recently, allowing its members to earn a return of 3.3% on their savings. The credit union maintains a policy of allowing only one loan account and one savings account per member, thereby ensuring a focused and personalized service to its members.
Who is the CEO of Springfield Firefighters Credit Union?
Ed Canny is the Treasurer of Springfield Firefighters Credit Union.
What is the revenue of Springfield Firefighters Credit Union?
Springfield Firefighters Credit Union's revenue in 2022 was $111,477.
Who are the executives of Springfield Firefighters Credit Union and what are their salaries?
Here are 10 key members and their salaries:
- 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
- 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 Springfield Firefighters Credit Union?
Springfield Firefighters Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Springfield Firefighters Credit Union
Springfield Firefighters Credit Union's mission centers around lending funds to its members, utilizing the money they invest within the Credit Union. This financial institution essentially acts as a lender, providing loans to its members, thereby generating returns on their savings deposits. The Credit Union maintains a strict policy, allowing only one loan account and one savings account per member. Through this approach, Springfield Firefighters Credit Union managed to make 87 loans, resulting in a return of 3.3% on its members' savings. The Credit Union plays a crucial role in offering financial services to its members, enabling them to access loans when needed, thereby fostering financial stability and growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Springfield Firefighters Credit Union plays a vital role in the community by providing financial support to its members through loans. In the past year, the credit union facilitated 87 loans, demonstrating its commitment to empowering individuals and families within the Springfield area. By making these loans, Springfield Firefighters Credit Union not only supports its members' financial needs but also offers competitive savings rates, currently at 3.3%, encouraging them to save and invest in their financial futures.
As a small credit union, it maintains a personalized approach, allowing each member to hold one loan account and one savings account, fostering a strong sense of community and trust. The focused mission of making loans to its members underscores its dedication to the public benefit, ensuring that those who contribute to the credit union can also access the financial resources they need. Overall, Springfield Firefighters Credit Union impacts the local community by promoting financial well-being and supporting the aspirations of its members.
This information is meant to be a general summary of Springfield Firefighters 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: $17,287
- Program Service Revenue: $94,190
- Gross Receipts: $111,477
Assets and Liabilities:
- Total Assets: $3,828,690
- Total Liabilities: $3,331,145
- Net Assets: $497,545
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Loans
Revenue
$94,190
Organization Details
Founding Year
1938
Principal Officer
Ed Canny
Main Address
2401 Peoria Road, Springfield, IL, 62702
NTEE Category
Code: W60 - Public benefit
If you are a representative of Springfield Firefighters Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.