Overview
What is The Credit Union For All?
The Credit Union For All, located in Bloomington, Illinois, is a nonprofit organization that prioritizes the financial well-being of its members. As of December 31, 2022, it manages 11,859 share accounts, collectively valued at $74,254,621. The credit union extends financial services, ensuring savings security and competitively priced loans to its members. During the year 2022, it granted 2,042 loans, totaling $36,797,107. With a team of 23 dedicated employees, The Credit Union For All maintains financial stability and fosters capital growth within the association, serving its members in a convenient and responsive manner.
Official website here: www.midillinicu.com
Is The Credit Union For All legitimate?
The Credit Union For All is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Credit Union For All 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: $288,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,050,367
For more financial information, click here
Official website here: www.midillinicu.com
What is the mission statement of The Credit Union For All?
The Credit Union For All is dedicated to ensuring the safety of its members' savings and providing them with various financial services in a convenient, responsive manner. It strives to maintain financial stability and capital growth within the organization while offering these services at competitive rates. As of December 31, 2022, the credit union managed 11,859 share accounts totaling $74,254,621 in total shares. Furthermore, it granted 2,042 loans amounting to $36,797,107 to its members during 2022. In essence, The Credit Union For All focuses on providing secure savings and financial services to its members, ensuring financial stability, and offering loans at competitive rates.
Official website here: www.midillinicu.com
Who is the CEO of The Credit Union For All?
Tom Stewart is the Chairman of The Credit Union For All.
Official website here: www.midillinicu.com
What is the revenue of The Credit Union For All?
The Credit Union For All's revenue in 2022 was $4,068,734.
Official website here: www.midillinicu.com
Who are the executives of The Credit Union For All and what are their salaries?
The average compensation at The Credit Union For All during 2022 was $58,203. There are 23 employees and 8 volunteers at The Credit Union For All.
Here are 11 key members and their salaries:
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- Other: $0
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- Compensation: $259,224
- Related: $0
- Other: $29,073
- Compensation: $117,940
- Related: $0
- Other: $6,368
- Compensation: $101,840
- Related: $0
- Other: $9,909
Official website here: www.midillinicu.com
Where can I find the form 990 for The Credit Union For All?
The Credit Union For All's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midillinicu.com
Learn more at the official website: www.midillinicu.com
Mission Statement of The Credit Union For All
The Credit Union For All, as the name suggests, is dedicated to ensuring the financial security of its members. They achieve this by providing a range of convenient and responsive financial services at competitive rates. The organization's mission is to maintain financial stability and encourage capital growth within the association. This means they not only offer savings services but also facilitate loans to their members, as evident by the 2,042 loans totaling $36,797,107 granted in 2022. The Credit Union For All aims to provide these services in a manner that is both efficient and beneficial to its members, thereby contributing to their financial well-being.
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Impact
October, 2024
The Credit Union For All significantly impacts its community by offering financial security and access to vital financial services. With 11,859 share accounts totaling over $74 million in deposits as of December 31, 2022, it provides members with a safe place to save and grow their finances. In 2022 alone, the credit union granted 2,042 loans totaling nearly $37 million, empowering members to achieve their financial goals, whether that be purchasing a home, funding education, or managing unexpected expenses.
By delivering services in a convenient and responsive manner, The Credit Union For All ensures that members benefit from competitive rates while also maintaining financial stability and capital growth within the organization. This commitment to both member well-being and financial health fosters a sense of community and supports economic growth in Bloomington, IL, contributing to the overall public benefit.
This information is meant to be a general summary of The Credit Union For All. 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: $213,028
- Program Service Revenue: $3,855,706
- Gross Receipts: $4,068,734
Assets and Liabilities:
- Total Assets: $80,425,234
- Total Liabilities: $74,539,114
- Net Assets: $5,886,120
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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
$2,667,773
FEES & OTHER INC.
Revenue
$1,187,933
Organization Details
Founding Year
1940
Phone
(309) 661-1166Principal Officer
Tom Stewart
Main Address
PO BOX 1266, BLOOMINGTON, IL, 61702
Website
www.midillinicu.comNTEE Category
Code: W60 - Public benefit
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