Overview
What is Effingham Highway Credit Union?
Effingham Highway Credit Union is a financial institution based in Effingham, Illinois, with a postal address. It serves its members by offering various financial services, such as loans and savings accounts, in a friendly and professional manner. The credit union manages approximately 1,195 member share type accounts and around 345 loan accounts, aiming to assist its members in managing their financial well-being. With a small staff of two individuals, the credit union plays an essential role in its community by providing essential financial services to its members.
Is Effingham Highway Credit Union legitimate?
Effingham Highway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Effingham Highway 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: $55,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,905
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What is the mission statement of Effingham Highway Credit Union?
Effingham Highway Credit Union's mission is centered around assisting its members in managing their financial well-being. The credit union achieves this by offering various financial institution services, including loans, savings accounts, and other financial products. It operates in a friendly and professional manner, ensuring a positive experience for its members. The primary goal is to help members effectively manage their finances, providing them with the necessary tools and resources. The credit union serves approximately 1,195 member share type accounts and around 345 loan accounts.
Who is the CEO of Effingham Highway Credit Union?
Ronni Turner is the Director of Effingham Highway Credit Union.
What is the revenue of Effingham Highway Credit Union?
Effingham Highway Credit Union's revenue in 2022 was $281,900.
Who are the executives of Effingham Highway Credit Union and what are their salaries?
The average compensation at Effingham Highway Credit Union during 2022 was $36,096. There are 2 employees and 9 volunteers at Effingham Highway Credit Union.
Here are 10 key members and their salaries:
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- Compensation: $47,856
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- Other: $7,430
Where can I find the form 990 for Effingham Highway Credit Union?
Effingham Highway Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Effingham Highway Credit Union
Effingham Highway Credit Union, as a financial institution, is committed to aiding its members in managing their financial well-being. It accomplishes this mission by offering a variety of services, including loans, savings accounts, and other financial institution offerings. The credit union operates with a friendly and professional demeanor, ensuring that its members feel well-supported in their financial journeys. The credit union serves approximately 1,195 member share type accounts and approximately 345 loan accounts, demonstrating its dedication to its members' financial needs.
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Impact
October, 2024
Effingham Highway Credit Union positively impacts its community by providing essential financial services that assist members in managing their financial well-being. With a focus on offering loans, savings accounts, and other financial services, the credit union cultivates a friendly and professional environment that fosters trust and support among its members.
Serving approximately 1,195 member share accounts and 345 loan accounts, Effingham Highway Credit Union plays a crucial role in enabling individuals and families in the Effingham, IL area to achieve their financial goals. By facilitating consumer lending and accepting deposits, the credit union contributes to the financial stability and empowerment of its members, promoting economic growth within the local community. This commitment to member support and accessibility to financial resources underscores the credit union's vital role in enhancing the overall quality of life for those it serves.
This information is meant to be a general summary of Effingham Highway 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: $10,881
- Program Service Revenue: $222,119
- Gross Receipts: $281,900
Assets and Liabilities:
- Total Assets: $6,276,671
- Total Liabilities: $5,501,157
- Net Assets: $775,514
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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
$202,297
FEES AND CHARGES
Revenue
$19,822
Organization Details
Founding Year
1952
Phone
(217) 342-8209Principal Officer
Ronni Turner
Main Address
PO BOX 1161, EFFINGHAM, IL, 62401
NTEE Category
Code: W60 - Public benefit
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