Overview
What is Kaskaskia Valley Community Credit Union?
Kaskaskia Valley Community Credit Union is a member-owned financial institution based on principles of cooperation, aiming to enhance the financial well-being of its members. It offers a variety of services, including loans, savings accounts, and share draft services, all delivered in a friendly and professional manner. The credit union encourages regular savings and strives to provide favorable terms for financial services, demonstrating its dedication to its members' financial needs. The institution serves 1732 loan members and 4317 savings account holders, showcasing its commitment to its community.
Official website here: www.mykvccu.org
Is Kaskaskia Valley Community Credit Union legitimate?
Kaskaskia Valley Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kaskaskia Valley Community 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: $88,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,385
For more financial information, click here
Official website here: www.mykvccu.org
What is the mission statement of Kaskaskia Valley Community Credit Union?
Kaskaskia Valley Community Credit Union, as a member-owned financial institution, is dedicated to assisting its members in managing their financial well-being. This is accomplished by providing loans, savings accounts, and various financial institution services in a friendly and professional manner. The credit union encourages its members to save regularly and aims to offer financial services at favorable terms. Furthermore, Kaskaskia Valley Community Credit Union fosters community cooperation through the principle of "people helping people." They offer share draft services to 1732 members and deposits on savings to 4317 members, demonstrating their commitment to their members' financial needs.
Official website here: www.mykvccu.org
What is the revenue of Kaskaskia Valley Community Credit Union?
Kaskaskia Valley Community Credit Union's revenue in 2023 was $1,776,085.
Official website here: www.mykvccu.org
Who are the executives of Kaskaskia Valley Community Credit Union and what are their salaries?
The average compensation at Kaskaskia Valley Community Credit Union during 2023 was $22,690. There are 18 employees and 8 volunteers at Kaskaskia Valley Community Credit Union.
Here are 7 key members and their salaries:
- Compensation: $88,028
- Related: $0
- Other: $2,641
- 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
Official website here: www.mykvccu.org
Where can I find the form 990 for Kaskaskia Valley Community Credit Union?
Kaskaskia Valley Community Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mykvccu.org
Learn more at the official website: www.mykvccu.org
Mission Statement of Kaskaskia Valley Community Credit Union
Kaskaskia Valley Community Credit Union, a member-owned and controlled financial institution, is dedicated to serving its members by encouraging regular savings and striving to offer financial services at favorable terms. The credit union's mission is rooted in the concept of "people helping people." It aims to assist its members in managing their financial well-being by providing loans, savings accounts, and various other financial institution services in a friendly and professional manner. By fostering this cooperative spirit within its community, Kaskaskia Valley Community Credit Union seeks to provide its members with the best possible financial services, ensuring their financial stability and success.
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Impact
October, 2024
Kaskaskia Valley Community Credit Union plays a vital role in enhancing the financial stability and well-being of its members. By offering a range of financial services, including loans and savings accounts, the credit union ensures that individuals have access to the resources they need to manage their finances effectively.
With a membership of 1,732 individuals benefiting from share draft services and 4,317 members with savings deposits, Kaskaskia Valley Community Credit Union fosters a cooperative environment that emphasizes the importance of regular savings. This commitment to providing favorable terms for financial services empowers members to achieve their financial goals, whether it’s saving for a major purchase or managing day-to-day expenses.
Additionally, the credit union embodies the core values of community and cooperation through its "people helping people" philosophy. This approach not only strengthens the financial health of its members but also cultivates a sense of belonging and mutual support within the Centralia, IL community. Through dedicated service and a commitment to member-focused initiatives, Kaskaskia Valley Community Credit Union significantly contributes to the local economy and enhances the quality of life in the area.
This information is meant to be a general summary of Kaskaskia Valley Community 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 2023.
- Investment Income: $382,881
- Program Service Revenue: $1,393,204
- Gross Receipts: $1,776,085
Assets and Liabilities:
- Total Assets: $26,591,285
- Total Liabilities: $24,473,938
- Net Assets: $2,117,347
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$888,198
SHARE DRAFT INCOME
Revenue
$467,415
CREDIT DISABILITY/LIFE
Revenue
$26,810
SAVINGS ACCOUNT INCOME
Revenue
$10,781
Organization Details
Founding Year
2021
Principal Officer
Kimberly G Hocking
Website
www.mykvccu.orgNTEE Category
Code: W61 - Public benefit
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