Overview
What is Western Illinois Credit Union?
Western Illinois Credit Union, located in Rantoul, Illinois, is a member-owned financial cooperative. Its primary purpose is to offer personal financial services, including customer lending and deposit collection, to its membership. The credit union is dedicated to providing top-notch financial services while ensuring its long-term stability. With a team of nine dedicated employees, Western Illinois Credit Union strives to excel in its field and serve its members effectively.
Is Western Illinois Credit Union legitimate?
Western Illinois Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Western Illinois 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: $183,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,351
For more financial information, click here
What is the mission statement of Western Illinois Credit Union?
Western Illinois Credit Union, as a member-owned financial cooperative, is dedicated to excelling in providing top-notch financial services. Its primary goal is to ensure the long-term stability of the institution. The credit union offers customer lending services and receives deposits from its membership, demonstrating its commitment to meeting the financial needs of its members. By prioritizing exceptional service and financial stability, Western Illinois Credit Union aims to create a positive and secure financial experience for its members.
Who is the CEO of Western Illinois Credit Union?
Scott Mcdonald is the Board Treasurer/Acting President of Western Illinois Credit Union.
What is the revenue of Western Illinois Credit Union?
Western Illinois Credit Union's revenue in 2022 was $723,690.
Who are the executives of Western Illinois Credit Union and what are their salaries?
The average compensation at Western Illinois Credit Union during 2022 was $42,059. There are 9 employees and 12 volunteers at Western Illinois Credit Union.
Here are 14 key members and their salaries:
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- Compensation: $52,350
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- Other: $1,777
- Compensation: $67,350
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- Other: $11,299
- Compensation: $44,308
- Related: $0
- Other: $6,098
Where can I find the form 990 for Western Illinois Credit Union?
Western Illinois Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Western Illinois Credit Union
Western Illinois Credit Union, as a member-owned financial cooperative, is committed to excelling in providing top-tier personal financial services. Their mission is geared towards maximizing the credit union's long-term stability while delivering the best financial services possible. The credit union achieves this by offering customer lending and receiving deposits from its membership. In essence, Western Illinois Credit Union is dedicated to serving its members by providing them with reliable and effective financial solutions, all while ensuring the sustainability of the organization for future generations.
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Impact
October, 2024
Western Illinois Credit Union serves as a member-owned financial cooperative dedicated to delivering exceptional personal financial services to its community. Based in Rantoul, Illinois, the credit union focuses on maximizing long-term stability while providing valuable customer lending options and facilitating deposits for its members. This commitment to member service fosters a sense of community and trust, enabling individuals and families to achieve their financial goals and improve their economic well-being. By prioritizing the needs of its members, Western Illinois Credit Union plays a vital role in enhancing financial literacy and access to essential financial services within the region.
This information is meant to be a general summary of Western Illinois 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: $186,093
- Program Service Revenue: $511,229
- Gross Receipts: $723,690
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$404,622
FEES AND CHARGES
Revenue
$106,607
Organization Details
Founding Year
1959
Principal Officer
Scott Mcdonald
Main Address
200 E CHAMPAIGN AVENUE, RANTOUL, IL, 61866
NTEE Category
Code: W60 - Public benefit
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