Kemba Peoria Credit Union

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

EIN: 376031960 ✦ Peoria, IL ✦ Designated as a 501(c)(14)

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Overview

What is Kemba Peoria Credit Union?

Kemba Peoria Credit Union is a nonprofit financial institution located at 2318 W Willow Knolls Drive, Peoria, Illinois. With a team of seven dedicated employees, the credit union's primary mission is to assist its members in managing their financial well-being. They achieve this by providing various financial services such as loans, savings accounts, and Visa cards in a friendly and professional manner. The credit union has served over 810 members by providing loan accounts and over 2,700 members with deposit and certificate of deposit (CD) services. They also issue ATM cards to their members, thereby ensuring their members have access to their finances at all times.


Official website here: www.kembapeoria.com

Is Kemba Peoria Credit Union legitimate?

Kemba Peoria Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kemba Peoria 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: $66,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,943

For more financial information, click here


Official website here: www.kembapeoria.com

What is the mission statement of Kemba Peoria Credit Union?

Kemba Peoria Credit Union's mission is centered around assisting its members in managing their financial well-being. This is accomplished by offering a range of financial services such as loans, savings accounts, and other financial products. The credit union operates in a friendly and professional manner, ensuring its members receive the best possible service. The institution has provided over 810 loan accounts to its members, issued Visa cards, share drafts, and ATM cards to over 2,700 accounts. These services aim to help members manage their finances effectively.


Official website here: www.kembapeoria.com

Who is the CEO of Kemba Peoria Credit Union?

Joy Skold is the Chairperson of Kemba Peoria Credit Union.


Official website here: www.kembapeoria.com

What is the revenue of Kemba Peoria Credit Union?

Kemba Peoria Credit Union's revenue in 2022 was $565,918.


Official website here: www.kembapeoria.com

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

The average compensation at Kemba Peoria Credit Union during 2022 was $19,401. There are 7 employees and 8 volunteers at Kemba Peoria Credit Union.


Here are 9 key members and their salaries:


Robert Howerton (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lindberg (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Boyer (Supervisory Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Dutton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Cordio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Chase (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Tarter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Remmel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Skold (President/Manager)
  • Compensation: $58,177
  • Related: $0
  • Other: $8,684


Official website here: www.kembapeoria.com

Where can I find the form 990 for Kemba Peoria Credit Union?

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


Official website here: www.kembapeoria.com

Learn more at the official website: www.kembapeoria.com

Mission Statement of Kemba Peoria Credit Union

Kemba Peoria Credit Union is dedicated to assisting its members in managing their financial well-being. They achieve this mission by offering a variety of financial services, including loans, savings accounts, and other financial products. The credit union operates in a friendly and professional manner, ensuring that its members feel comfortable and well-catered to.

The primary goal of Kemba Peoria Credit Union is to provide its members with the necessary tools to manage their finances effectively. By offering loans, the credit union enables its members to meet their financial needs, be it for home improvements, education, or other essential expenses. Savings accounts, on the other hand, provide a safe and convenient way for members to save for future goals or emergencies.

In addition to these core services, Kemba Peoria Credit Union also issues Visa cards, share drafts, and ATM cards to its members. This allows members to have easy access to their funds and make purchases or transactions conveniently. Furthermore, the credit union receives deposits and issues CDs to over 2,700 member accounts, providing a range of investment options for its members.

In summary, Kemba Peoria Credit Union's mission is to assist its members in managing their financial well-being by providing a comprehensive range of financial services. The credit union operates in a friendly and professional manner, ensuring that its members have the necessary tools to manage their finances effectively. By offering loans, savings accounts, and other financial products, Kemba Peoria Credit Union helps its members meet their financial needs and achieve their financial goals.

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Impact




October, 2024

Kemba Peoria Credit Union has made a significant impact on the financial well-being of its members in Peoria, IL. By providing over 810 loan accounts, the credit union has enabled individuals and families to access the financial resources they need for various purposes, such as education, home improvements, and other personal investments.

In addition to loans, Kemba Peoria offers essential financial services including Visa cards, share drafts, and ATM cards, enhancing the convenience and accessibility of banking for over 2,700 members. Their commitment to delivering these services in a friendly and professional manner fosters a supportive and welcoming environment for all members.

Through managing deposits and issuing certificates of deposit (CDs), Kemba Peoria plays a key role in helping members save and grow their wealth, ultimately contributing to their financial stability and success. The credit union’s focus on member service and community impact underscores its dedication to enhancing the overall financial health of the Peoria community.




This information is meant to be a general summary of Kemba Peoria 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
$565,918 (2022)
Expenses
$496,622 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38,112
  • Program Service Revenue: $437,168
  • Gross Receipts: $565,918

Assets and Liabilities:

  • Total Assets: $12,658,764
  • Total Liabilities: $11,264,744
  • Net Assets: $1,394,020

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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

$317,274

FEES AND CHARGES

Revenue

$119,894

Organization Details

Founding Year

1934

Principal Officer

Joy Skold

Main Address

2318 W WILLOW KNOLLS DRIVE, PEORIA, IL, 616141307

NTEE Category

Code: W60 - Public benefit

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