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Iaa Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 376031888 ✦ Bloomington, IL ✦ Designated as a 501(c)(14)

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Overview

What is Iaa Credit Union?

Iaa Credit Union is a financial institution based in Bloomington, Illinois, with the address 808 IAA Drive. They are committed to enriching the lives of their members by building strong financial relationships. Iaa Credit Union offers various loan products, extending to 4,660 consumer loans, 1,056 real estate loans, and 5,703 Visa accounts. By providing these financial services, Iaa Credit Union aims to create a positive impact on the well-being of their members.


Official website here: www.iaacu.org

Is Iaa Credit Union legitimate?

Iaa Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Iaa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iaacu.org

What is the mission statement of Iaa Credit Union?

Iaa Credit Union focuses on building meaningful financial relationships with its members. Their mission is geared towards enriching the lives of their members. They offer various financial products and services, including consumer loans, real estate loans, and Visa accounts, to cater to the diverse needs of their members. By providing these financial solutions, Iaa Credit Union aims to strengthen its bond with its members and help them navigate their financial journeys. The credit union's commitment to its members extends beyond just financial services, as it strives to build long-lasting and mutually beneficial relationships.


Official website here: www.iaacu.org

Who is the CEO of Iaa Credit Union?

T Sean Wells is the Chairperson of Iaa Credit Union.


Official website here: www.iaacu.org

What is the revenue of Iaa Credit Union?

Iaa Credit Union's revenue in 2022 was $13,399,516.


Official website here: www.iaacu.org

Who are the executives of Iaa Credit Union and what are their salaries?

There 11 volunteers at Iaa Credit Union.


Here are 9 key members and their salaries:


Tom Swearingen (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Carroll (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Crow (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Adams (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Henderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tasha Bunting (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Rhode (Supervisory Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Guenther (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Faucon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iaacu.org

Where can I find the form 990 for Iaa Credit Union?

Iaa Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iaacu.org

Learn more at the official website: www.iaacu.org

Mission Statement of Iaa Credit Union

Iaa Credit Union, with its mission to enrich members' lives, strives to build strong financial relationships. This community-focused organization has extended over 4,660 consumer loans, 1,056 real estate loans, and 5,703 Visa accounts to its members. In doing so, Iaa Credit Union empowers individuals to achieve their financial goals and improve their overall financial well-being. The credit union's dedication to its members goes beyond just providing financial products; it is about fostering long-lasting relationships that contribute to the enrichment of each person's life. By offering a wide range of consumer and real estate loans, as well as Visa accounts, Iaa Credit Union enables its members to access the financial resources they need to meet their various financial needs. This mission to build financial relationships and enrich members' lives is at the heart of Iaa Credit Union's mission and sets it apart as a trusted financial partner for its members.

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Impact




October, 2024

Iaa Credit Union has a significant impact on the Bloomington community by enhancing the financial well-being of its members. By providing 4,660 consumer loans, the credit union empowers individuals to make large purchases, invest in their futures, and improve their quality of life. Additionally, with 1,056 real estate loans, Iaa Credit Union facilitates homeownership, contributing to community stability and growth. The issuance of 5,703 Visa accounts showcases its commitment to offering accessible financial products that promote responsible spending and financial independence. Overall, Iaa Credit Union plays a crucial role in building financial relationships that enrich the lives of its members and support the broader community.




This information is meant to be a general summary of Iaa 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.

Revenue
$13,399,516 (2022)
Expenses
$9,372,448 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,466,293
  • Program Service Revenue: $10,933,223
  • Gross Receipts: $13,399,516

Assets and Liabilities:

  • Total Assets: $362,260,111
  • Total Liabilities: $319,475,628
  • Net Assets: $42,784,483

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST, FEES ON LOANS

Revenue

$7,928,927

INTERCHANGE AND OTHER INCOME

Revenue

$2,588,845

OTHER MEMBER FEES

Revenue

$415,451

Organization Details

Founding Year

1951

Principal Officer

T Sean Wells

Main Address

808 IAA DRIVE, BLOOMINGTON, IL, 61702

NTEE Category

Code: W61 - Public benefit

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