Overview
What is Funeral Service Credit Union?
Funeral Service Credit Union is a nonprofit financial institution based in Springfield, Illinois, specifically located at 915 S Durkin Dr Suite A, 62704. Its primary mission is to aid its members in managing their financial well-being by offering loans, share savings accounts, and various financial institution services in a friendly and professional manner. In 2022, the organization issued 89 loans totaling $5.5 million, managed 13 certificates of deposit (CDs) worth $1.5 million, welcomed 51 new members, and added a new sponsor employee group called OKFDA. The Credit Union ended the year with no delinquencies, demonstrating its financial stability and commitment to serving its members effectively. With a staff of only two individuals, Funeral Service Credit Union remains dedicated to assisting its members with all their financial needs.
Official website here: www.fscunet.org
Is Funeral Service Credit Union legitimate?
Funeral Service Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Funeral Service 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: $61,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,178
For more financial information, click here
Official website here: www.fscunet.org
What is the mission statement of Funeral Service Credit Union?
Funeral Service Credit Union's mission is centered around assisting its members in managing their financial well-being. This is achieved through the provision of various financial services such as loans and savings accounts. The credit union's primary goal is to cater to all of its members' financial needs in a friendly and professional manner. In 2022, the credit union issued 89 loans totaling $5.5 million, welcomed 51 new members, and added a new sponsor employee group. Furthermore, the credit union ended the year with no delinquencies, demonstrating its commitment to financial assistance and responsible lending practices.
Official website here: www.fscunet.org
Who is the CEO of Funeral Service Credit Union?
Rebecca Dobey is the President, Secretary & Executive Committee of Funeral Service Credit Union.
Official website here: www.fscunet.org
What is the revenue of Funeral Service Credit Union?
Funeral Service Credit Union's revenue in 2022 was $405,762.
Official website here: www.fscunet.org
Who are the executives of Funeral Service Credit Union and what are their salaries?
The average compensation at Funeral Service Credit Union during 2022 was $46,786. There are 2 employees and 8 volunteers at Funeral Service Credit Union.
Here are 9 key members and their salaries:
- Compensation: $61,393
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.fscunet.org
Where can I find the form 990 for Funeral Service Credit Union?
Funeral Service Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fscunet.org
Learn more at the official website: www.fscunet.org
Mission Statement of Funeral Service Credit Union
Funeral Service Credit Union, a financial institution, is committed to aiding its members in managing their financial well-being. They accomplish this mission by offering a variety of services, including loans and share savings accounts. The credit union's primary goal is to assist its members in meeting all their financial needs, demonstrating a dedication to their members' financial prosperity. In 2022, they issued 89 loans totaling $5.5 million and added a new sponsor employee group, OKFDA, to their clientele, further solidifying their commitment to helping their members. Furthermore, they ended the year with no delinquencies, indicating their success in managing financial obligations and providing reliable services.
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Impact
October, 2024
Funeral Service Credit Union plays a vital role in enhancing the financial well-being of its members through a variety of services aimed at promoting fiscal stability and growth. In the past year, the credit union issued 89 loans totaling $5.5 million, directly supporting members with their financial needs. Additionally, they facilitated 13 certificates of deposit (CDs) amounting to $1.5 million, encouraging savings and financial security.
The organization welcomed 51 new members, expanding its community outreach and impact. They also added a new sponsor employee group, OKFDA, which broadens their service capability. Remarkably, Funeral Service Credit Union concluded 2022 with zero delinquencies, demonstrating a commitment to responsible lending and effective financial management. Through these efforts, they contribute significantly to the overall financial health and stability of individuals within their community in Springfield, IL.
This information is meant to be a general summary of Funeral Service 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: $11,342
- Program Service Revenue: $375,491
- Gross Receipts: $405,762
Assets and Liabilities:
- Total Assets: $11,152,060
- Total Liabilities: $9,391,164
- Net Assets: $1,760,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$373,329
Organization Details
Founding Year
1983
Phone
(217) 546-5480Principal Officer
Rebecca Dobey
Main Address
915 S DURKIN DR SUITE A, SPRINGFIELD, IL, 62704
Website
www.fscunet.orgNTEE Category
Code: W60 - Public benefit
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