Overview
What is Salem School System Credit Union?
Salem School System Credit Union is a financial service organization primarily dedicated to supporting its members by offering loan, savings account, and various other financial services. Their approach is characterized by friendliness and professionalism, ensuring a positive experience for their members. Although the board has not formally adopted a mission statement, their purpose appears to be centered around assisting members in managing their financial well-being effectively.
Official website here: www.salemschoolscreditunion.com
Is Salem School System Credit Union legitimate?
Salem School System Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Salem School System 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: $42,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.salemschoolscreditunion.com
What is the mission statement of Salem School System Credit Union?
The Salem School System Credit Union, lacking an officially adopted mission statement, focuses on assisting its members in managing their financial well-being. They achieve this by offering loan, savings accounts, and various financial institution services in a friendly and professional manner. The organization's approach is centered around providing these services to enhance the financial management capabilities of its members. The Board has not yet formulated a mission statement, but the Credit Union's actions demonstrate a commitment to supporting its members financially.
Official website here: www.salemschoolscreditunion.com
Who is the CEO of Salem School System Credit Union?
Amy Detering is the Treasurer of Salem School System Credit Union.
Official website here: www.salemschoolscreditunion.com
What is the revenue of Salem School System Credit Union?
Salem School System Credit Union's revenue in 2022 was $81,996.
Official website here: www.salemschoolscreditunion.com
Who are the executives of Salem School System Credit Union and what are their salaries?
The average compensation at Salem School System Credit Union during 2022 was $21,090. There are 2 employees and 11 volunteers at Salem School System Credit Union.
Here are 11 key members and their salaries:
- Compensation: $39,600
- Related: $0
- Other: $0
- Compensation: $2,580
- 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
- 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.salemschoolscreditunion.com
Where can I find the form 990 for Salem School System Credit Union?
Salem School System Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemschoolscreditunion.com
Learn more at the official website: www.salemschoolscreditunion.com
Mission Statement of Salem School System Credit Union
Salem School System Credit Union is dedicated to helping its members manage their financial wellbeing. This is achieved by offering a variety of financial services, including loans, savings accounts, and other financial institution services. The credit union prides itself on delivering these services in a friendly and professional manner. It's important to note that while the credit union does not have an officially adopted mission statement, its activities and services reflect a commitment to assisting its members in managing their financial needs effectively.
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Impact
October, 2024
Salem School System Credit Union plays a significant role in enhancing the financial well-being of its members in Salem, IL. By offering accessible loan options and savings accounts, it empowers individuals and families to manage their finances effectively. The credit union's commitment to providing financial institution services in a friendly and professional manner creates a supportive environment for members to grow their financial literacy and stability.
Through these services, Salem School System Credit Union promotes economic resilience, enabling members to achieve their financial goals and improve their quality of life. Its presence in the community fosters trust and builds long-term relationships, ensuring that members feel valued and understood in their financial journeys. Ultimately, its impact is reflected in the financial security and empowerment of its members.
This information is meant to be a general summary of Salem School System 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: $6,452
- Program Service Revenue: $75,494
- Gross Receipts: $81,996
Assets and Liabilities:
- Total Assets: $2,201,593
- Total Liabilities: $1,601,468
- Net Assets: $600,125
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loan
Revenue
$75,494
Organization Details
Founding Year
1956
Phone
(618) 214-9456Principal Officer
Amy Detering
Main Address
PO Box 456, Salem, IL, 62881
NTEE Category
Code: W60 - Public benefit
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