Overview
What is Bloomington Municipal Credit Union?
Bloomington Municipal Credit Union is a nonprofit financial institution located at 602 South Gridley, Bloomington, Illinois. With a mission to serve its members, it offers low-interest loans and aims to return all possible profits in the form of dividends. The credit union manages over 4,300 member share accounts and 640 loan accounts, including Visa cards. Its activities extend beyond basic lending, as it provides essential financial services to its membership base, totaling 18 employees.
Is Bloomington Municipal Credit Union legitimate?
Bloomington Municipal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bloomington Municipal 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: $101,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,188
For more financial information, click here
What is the mission statement of Bloomington Municipal Credit Union?
The Bloomington Municipal Credit Union's mission is centered around providing its members with affordable loan options and returning any surplus profits in the form of dividends. This credit union exists solely to serve its members, acting as a financial cooperative that prioritizes its member's financial well-being. The credit union's operations include consumer lending and accepting deposits from its membership, serving over 4,300 member share accounts and 640 loan accounts, including Visa cards.
Who is the CEO of Bloomington Municipal Credit Union?
Todd Keil is the Ceo of Bloomington Municipal Credit Union. The CEO's salary of Bloomington Municipal Credit Union is $97,282 and their total compensation is $101,182.
What is the revenue of Bloomington Municipal Credit Union?
Bloomington Municipal Credit Union's revenue in 2022 was $978,056.
Who are the executives of Bloomington Municipal Credit Union and what are their salaries?
The average compensation at Bloomington Municipal Credit Union during 2022 was $14,298. There are 18 employees and 11 volunteers at Bloomington Municipal Credit Union.
Here are 12 key members and their salaries (Bloomington Municipal Credit Union's CEO's salary is $97,282 and their total compensation is $101,182):
- Compensation: $97,282
- Related: $0
- Other: $3,900
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bloomington Municipal Credit Union?
Bloomington Municipal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bloomington Municipal Credit Union
Bloomington Municipal Credit Union, as a member-focused organization, is dedicated to providing its members with affordable loan options and returning any excess profits in the form of dividends. This credit union's primary purpose is to serve its members exclusively, ensuring they benefit financially. The credit union offers various consumer lending services and manages over 4,300 member share accounts and 640 loan accounts, including Visa cards. By prioritizing its members' financial well-being, Bloomington Municipal Credit Union strives to create a supportive financial environment within its community.
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Impact
October, 2024
Bloomington Municipal Credit Union plays a significant role in enhancing the financial well-being of its members by providing low-interest loans and redistributing profits in the form of dividends. By focusing solely on the needs of its members, the credit union fosters a supportive financial community in Bloomington, IL. With over 4,300 member share accounts and 640 loan accounts, including Visa cards, it ensures that individuals have access to essential consumer lending services.
The impact of Bloomington Municipal Credit Union goes beyond just financial transactions; it empowers its members to achieve their personal financial goals while promoting responsible borrowing and saving practices. This dedication to member service contributes to a thriving local economy and strengthens community ties, as the credit union actively prioritizes the financial interests of its members.
This information is meant to be a general summary of Bloomington Municipal 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: $227,352
- Program Service Revenue: $750,704
- Gross Receipts: $978,056
Assets and Liabilities:
- Total Assets: $36,866,719
- Total Liabilities: $32,618,921
- Net Assets: $4,247,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$422,114
FEES AND CHARGES
Revenue
$328,590
Organization Details
Founding Year
1953
Phone
(309) 827-7266Principal Officer
Todd Keil
Main Address
602 SOUTH GRIDLEY, BLOOMINGTON, IL, 61701
NTEE Category
Code: W60 - Public benefit
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