Overview
What is Bea Credit Union?
Bea Credit Union, located in Bethalto, Illinois, is a modest-sized nonprofit organization with a mission to aid its members. Primarily functioning as a financial institution, it offers loans and savings accounts to its members. Over the past period, Bea Credit Union has extended 190 consumer loans and attracted deposits from 497 members, demonstrating its commitment to serving its member base. With a workforce of just two dedicated individuals, this credit union provides essential financial services to its community, fostering financial growth and stability for its members.
Is Bea Credit Union legitimate?
Bea Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bea 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: $33,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,429
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What is the mission statement of Bea Credit Union?
Bea Credit Union's mission is centered around assisting its members. They achieve this by offering various financial services, primarily focusing on providing loans and savings accounts. This union demonstrates its commitment to its members by extending 190 consumer loans and accepting deposits from 497 members. In essence, Bea Credit Union strives to support its members' financial needs and help them manage their funds effectively.
Who is the CEO of Bea Credit Union?
Joseph Schoppet is the Treasurer of Bea Credit Union.
What is the revenue of Bea Credit Union?
Bea Credit Union's revenue in 2022 was $111,775.
Who are the executives of Bea Credit Union and what are their salaries?
The average compensation at Bea Credit Union during 2022 was $19,097. There are 2 employees at Bea Credit Union.
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Where can I find the form 990 for Bea Credit Union?
Bea Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bea Credit Union
Bea Credit Union is committed to aiding its members by offering loan and savings services. This mission is enacted through the provision of consumer loans to its members and the acceptance of deposits on savings accounts from a total of 497 individuals. By offering these financial services, Bea Credit Union seeks to assist its members in managing their finances and achieving their financial goals. The credit union's activities are centered around providing loan and savings options, thereby assisting its members in a practical and tangible way.
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Impact
October, 2024
Bea Credit Union has made a significant impact in the Bethalto community by providing essential financial services to its members. In the past year, the credit union facilitated 190 consumer loans, enabling members to access the funds they need for various personal and family-related expenses. Additionally, it has successfully attracted deposits from 497 members, promoting savings and financial stability within the community.
Through its mission to assist members with loans and savings accounts, Bea Credit Union is fostering economic growth and enhancing the financial well-being of individuals and families in the area. By prioritizing public benefit, it plays a vital role in helping its members achieve their financial goals and build a secure future.
This information is meant to be a general summary of Bea 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: $2,017
- Program Service Revenue: $95,393
- Gross Receipts: $111,775
Assets and Liabilities:
- Total Assets: $3,063,862
- Total Liabilities: $2,488,777
- Net Assets: $575,085
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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
$95,393
Organization Details
Founding Year
1954
Principal Officer
Joseph Schoppet
Main Address
101 School Street, Bethalto, IL, 62010
NTEE Category
Code: W60 - Public benefit
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