Overview
What is Western Il School Employees Cu?
Western Il School Employees Cu is a nonprofit organization located in Quincy, Illinois, with a US address at 1416 Maine. This credit union provides financial and financially-related services to 1,712 members, acting as a reliable source of credit for its members at reasonable interest rates. As of December 31, 2022, the credit union had 1,004 outstanding loans totaling $13,240,062. Throughout the year, the credit union also paid dividends on member deposits, amounting to $187,960. The organization's mission is to offer high-quality financial services to its members, aiming to boost their financial health while maintaining the credit union's financial stability. With a workforce of 4 employees, Western Il School Employees Cu is dedicated to serving its community effectively.
Official website here: www.wisecu.com
Is Western Il School Employees Cu legitimate?
Western Il School Employees Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Western Il School Employees Cu 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: $80,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,682
For more financial information, click here
Official website here: www.wisecu.com
What is the mission statement of Western Il School Employees Cu?
The mission of Western Il School Employees Credit Union, as stated, is centered around providing top-notch financial services to its members. This aim is twofold: enhancing the financial well-being of its members and maintaining the financial stability of the credit union itself. The credit union offers a variety of financial and financially-related services to its 1,712 members. It acts as a reliable source of credit for its members, providing loans at reasonable interest rates. Additionally, the credit union demonstrates its commitment to its members by distributing dividends on their deposits. As of December 31, 2022, it paid out 187,960 in dividends.
Official website here: www.wisecu.com
Who is the CEO of Western Il School Employees Cu?
Kathy Gerecke is the Supervisory of Western Il School Employees Cu.
Official website here: www.wisecu.com
What is the revenue of Western Il School Employees Cu?
Western Il School Employees Cu's revenue in 2022 was $568,011.
Official website here: www.wisecu.com
Who are the executives of Western Il School Employees Cu and what are their salaries?
The average compensation at Western Il School Employees Cu during 2022 was $36,155. There are 4 employees and 12 volunteers at Western Il School Employees Cu.
Here are 13 key members and their salaries:
- Compensation: $80,938
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Official website here: www.wisecu.com
Where can I find the form 990 for Western Il School Employees Cu?
Western Il School Employees Cu's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wisecu.com
Learn more at the official website: www.wisecu.com
Mission Statement of Western Il School Employees Cu
Western Illinois School Employees Credit Union, abbreviated as WISE Cu, is dedicated to offering top-notch financial services to its members with the aim of improving their financial health while preserving the financial stability of the credit union itself. WISE Cu provides a diverse range of financial and financially-related services to its 1,712 members, acting as a reliable source of credit at reasonable interest rates. As of December 31, 2022, the credit union had 1,004 outstanding loans, totaling 13,240,062. In addition, WISE Cu distributed dividends on member deposits, amounting to 187,960 for the year. By offering these services, the credit union demonstrates its commitment to enhancing the financial well-being of its members and ensuring the long-term financial strength of the organization.
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Impact
October, 2024
Western IL School Employees Credit Union has a significant impact on its community by providing essential financial services tailored to its members. Serving 1,712 members, the credit union plays a vital role in enhancing the financial well-being of educators and school staff in Quincy, IL.
With a focus on offering fair and reasonable rates, the credit union currently has 1,004 outstanding loans totaling over $13 million, facilitating access to credit that empowers members to meet their financial needs. In 2022, members also benefited from the credit union's growth, receiving dividends totaling nearly $188,000 on their deposits, illustrating a commitment to returning value to its members.
By prioritizing high-quality financial services, the credit union supports the economic stability and growth of its members, creating a positive ripple effect in the community and ensuring its continued financial strength.
This information is meant to be a general summary of Western Il School Employees Cu. 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: $118,857
- Program Service Revenue: $429,136
- Gross Receipts: $568,011
Assets and Liabilities:
- Total Assets: $23,313,524
- Total Liabilities: $19,909,280
- Net Assets: $3,404,244
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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
$386,967
INTEREST ON LOANS - CULS
Revenue
$34,594
LATE FEES ON LOANS
Revenue
$4,052
GAP INSURANCE INCOME
Revenue
$3,463
ENTRANCE FEES & FINE
Revenue
$60
Organization Details
Founding Year
1936
Phone
(217) 224-2091Principal Officer
Kathy Gerecke
Main Address
1416 MAINE, QUINCY, IL, 62301
Website
www.wisecu.comNTEE Category
Code: W60 - Public benefit
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