Overview
What is Paris Hi-Way Credit Union?
Paris Hi-Way Credit Union is a member-owned, not-for-profit financial organization situated in Paris, Illinois. Established with the aim of promoting thrift and affordable loans, the credit union offers financial services to its members, ensuring competitive interest rates and terms similar to those offered by other financial institutions while maintaining financial stability. The Paris Hi-Way Credit Union is dedicated to assisting its members in managing their financial well-being by providing various financial institution services, such as loans, savings accounts, and other financial products, in a friendly and professional manner. The organization operates with a small workforce of only two employees.
Is Paris Hi-Way Credit Union legitimate?
Paris Hi-Way Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Paris Hi-Way 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: $110,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Paris Hi-Way Credit Union?
Paris Hi-Way Credit Union, as a member-owned and not-for-profit financial organization, is committed to offering competitive financial services to its members. Its primary goal is to ensure stable rates and terms, comparable to those provided by other financial institutions. The union aims to assist its members in managing their financial well-being by offering various financial services, including loans and savings accounts, in a friendly and professional manner. It is dedicated to maintaining financial stability while providing convenient and reliable financial solutions to its members.
What is the revenue of Paris Hi-Way Credit Union?
Paris Hi-Way Credit Union's revenue in 2024 was $416,742.
Who are the executives of Paris Hi-Way Credit Union and what are their salaries?
The average compensation at Paris Hi-Way Credit Union during 2024 was $55,290. There are 2 employees at Paris Hi-Way Credit Union.
Here are 12 key members and their salaries:
- Compensation: $68,449
- Related: $0
- Other: $0
- Compensation: $42,131
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Paris Hi-Way Credit Union?
Paris Hi-Way Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Paris Hi-Way Credit Union
Paris Hi-Way Credit Union, as a not-for-profit member-owned financial organization, is committed to delivering competitive financial services to its members. Their mission is twofold: firstly, they aim to provide loans, savings accounts, and other financial institution services in a friendly and professional manner. This ensures that their members can manage their financial well-being effectively. Secondly, Paris Hi-Way Credit Union is dedicated to maintaining financial stability, ensuring that their rates and terms are competitive with other financial institutions. By doing so, they strive to offer their members convenient financial services, thereby enhancing their financial management capabilities.
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Impact
October, 2024
Paris Hi-Way Credit Union significantly impacts its community by offering a range of financial services designed to enhance members' financial well-being. By providing competitive rates and terms on loans and savings accounts, the credit union fosters an environment of thrift and responsible borrowing, tailored to the needs of its members.
The cooperative model ensures that profits are reinvested in services that benefit the membership base, creating a mutually supportive financial ecosystem. Members receive personalized assistance in managing their finances, contributing to a stronger local economy and making financial stability more accessible.
With a commitment to friendly and professional service, Paris Hi-Way Credit Union serves as a trusted partner in its members' financial journeys, ensuring they have the tools and resources needed to thrive in their personal and financial lives. This dedication not only supports individual members but also promotes a sense of community cohesion and mutual support within the region.
This information is meant to be a general summary of Paris Hi-Way 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 2024.
- Investment Income: $123,039
- Program Service Revenue: $293,703
- Gross Receipts: $416,742
Assets and Liabilities:
- Total Assets: $11,412,867
- Total Liabilities: $9,841,702
- Net Assets: $1,571,165
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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
$287,552
LOAN APP/LATE FEES
Revenue
$5,720
MISCELLANEOUS
Revenue
$258
PENALTIES PAID BY MEMBER
Revenue
$173
Organization Details
Founding Year
1955
Principal Officer
Jill Coombes
NTEE Category
Code: W60 - Public benefit
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