Siue Credit Union

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

EIN: 370814055 ✦ Edwardsville, IL ✦ Designated as a 501(c)(14)

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Overview

What is Siue Credit Union?

Siue Credit Union is a nonprofit organization that caters to select employee groups and the local community, offering affordable financial services. With a mission to meet the financial needs of its educational community, Siue Credit Union has garnered savings deposits from approximately 1800 members and extended first mortgage loans to 11 of them. This credit union aims to provide personal and professional financial solutions that align with the needs of its members, fostering a sense of mutual purpose within its community.


Official website here: www.siuecu.org

Is Siue Credit Union legitimate?

Siue Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Siue 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: $85,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,757

For more financial information, click here


Official website here: www.siuecu.org

What is the mission statement of Siue Credit Union?

Siue Credit Union's mission is centered around providing financial services. They cater to select employee groups and the local community with a focus on affordability, serving their needs in a personal and professional manner. The credit union's mission is to offer financial products and services that align with the requirements of its educational community. As of the provided information, Siue Credit Union has successfully garnered deposits from over 1800 members and extended first mortgage loans to 11 of them, demonstrating their commitment to their mission.


Official website here: www.siuecu.org

Who is the CEO of Siue Credit Union?

Matthew Parrott is the Vice-President/Operations of Siue Credit Union. The CEO's salary of Siue Credit Union is $54,783 and their total compensation is $54,783.


Official website here: www.siuecu.org

What is the revenue of Siue Credit Union?

Siue Credit Union's revenue in 2022 was $966,251.


Official website here: www.siuecu.org

Who are the executives of Siue Credit Union and what are their salaries?

The average compensation at Siue Credit Union during 2022 was $30,187. There are 8 employees and 7 volunteers at Siue Credit Union.


Here are 9 key members and their salaries (Siue Credit Union's CEO's salary is $54,783 and their total compensation is $54,783):


Suzanne Lohrum (Vice-President/Operations)
  • Compensation: $55,300
  • Related: $0
  • Other: $0
Matthew Parrott (President/Ceo)
  • Compensation: $54,783
  • Related: $0
  • Other: $0
Maxine Callies (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Edwards (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Harwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Meehan (Director - Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Ortegren (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Holbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.siuecu.org

Where can I find the form 990 for Siue Credit Union?

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


Official website here: www.siuecu.org

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

Mission Statement of Siue Credit Union

Siue Credit Union, a credit union dedicated to serving select employee groups and the local community, has a mission to deliver financial products and services that cater to the requirements of its educational community. In essence, the organization strives to provide personal and professional financial assistance that aligns with the needs of its members, focusing on the educational sector. Siue Credit Union has successfully attracted deposits from over 1800 members and has extended first mortgage loans to 11 of its members, demonstrating its commitment to its mission.

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Impact




October, 2024

Siue Credit Union plays a significant role in enhancing the financial well-being of its members and the local community in Edwardsville, IL. By offering low-cost financial services specifically tailored to select employee groups and the broader educational community, the credit union meets the unique needs of its members.

With a membership base of approximately 1,800 individuals, Siue Credit Union not only accepts deposits but also provides essential services such as first mortgage loans, supporting 11 members in achieving their homeownership goals. This commitment to accessible financial products fosters a sense of mutual support and community growth, ensuring that individuals have the resources necessary to make informed financial decisions.

Through its mission, Siue Credit Union prioritizes the financial needs of the educational community, illustrating its dedication to personalized service and community investment. The organization's impact extends beyond mere transactions; it contributes to strengthening local ties and supporting the financial future of its members.




This information is meant to be a general summary of Siue 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
$966,251 (2022)
Expenses
$900,553 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $231,993
  • Program Service Revenue: $734,258
  • Gross Receipts: $966,251

Assets and Liabilities:

  • Total Assets: $29,825,696
  • Total Liabilities: $27,536,946
  • Net Assets: $2,288,750

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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

$540,334

Fees & Charges

Revenue

$193,924

Organization Details

Founding Year

1959

Principal Officer

Matthew Parrott

Main Address

Box 1069 SIUE 1566 Lewis Rd, Edwardsville, IL, 62026

NTEE Category

Code: W60 - Public benefit

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