Overview
What is Teachers Credit Union?
Teachers Credit Union, based in Beloit, Wisconsin, serves as a not-for-profit, member-owned financial institution. Their primary mission is to offer top-tier financial services to their members at affordable rates, while ensuring the credit union's long-term financial stability. In 2022, they expanded their services by opening 162 new deposit accounts, catering to a membership base of 2,086 individuals as of December 31st. With a dedicated workforce of seven employees, Teachers Credit Union is committed to providing its members with a wide range of deposit accounts.
Official website here: www.tcubeloit.org
Is Teachers Credit Union legitimate?
Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Teachers 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: $153,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,275
For more financial information, click here
Official website here: www.tcubeloit.org
What is the mission statement of Teachers Credit Union?
Teachers Credit Union, being a member-owned not-for-profit organization, strives to deliver top-tier financial services to its members at competitive rates. The primary goal is to ensure the credit union's long-term financial stability while providing its members with the best possible financial solutions. By maintaining this commitment, the credit union aims to enhance its members' financial well-being. In 2022, the credit union expanded its offerings by opening 162 new deposit accounts, serving a membership of 2,086 individuals as of December 31st.
Official website here: www.tcubeloit.org
Who is the CEO of Teachers Credit Union?
Amy Jacobson is the President of Teachers Credit Union.
Official website here: www.tcubeloit.org
What is the revenue of Teachers Credit Union?
Teachers Credit Union's revenue in 2022 was $910,623.
Official website here: www.tcubeloit.org
Who are the executives of Teachers Credit Union and what are their salaries?
The average compensation at Teachers Credit Union during 2022 was $39,065. There are 7 employees and 9 volunteers at Teachers Credit Union.
Here are 11 key members and their salaries:
- Compensation: $86,200
- Related: $0
- Other: $5,067
- Compensation: $65,914
- Related: $0
- Other: $3,868
- Compensation: $490
- Related: $0
- Other: $0
- Compensation: $360
- Related: $0
- Other: $0
- Compensation: $98
- Related: $0
- Other: $0
- Compensation: $80
- Related: $0
- Other: $0
- Compensation: $40
- 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
Official website here: www.tcubeloit.org
Where can I find the form 990 for Teachers Credit Union?
Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcubeloit.org
Learn more at the official website: www.tcubeloit.org
Mission Statement of Teachers Credit Union
Teachers Credit Union, a member-owned not-for-profit organization, is committed to providing the best possible financial services to its members at competitive rates. Its primary goal is to ensure the long-term financial stability of the credit union. This mission is carried out by offering a variety of deposit accounts to its members, with 162 new accounts being opened in 2022. As of December 31, 2022, Teachers Credit Union had a membership of 2,086 individuals. In essence, the credit union is dedicated to serving its members with quality financial services, ensuring their satisfaction while maintaining its financial health.
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Impact
October, 2024
Teachers Credit Union has positively impacted the financial well-being of its members in Beloit, Wisconsin, by providing accessible and competitive financial services. The organization focuses on offering a variety of deposit accounts, facilitating savings and investment opportunities tailored to the needs of its members. In 2022 alone, Teachers Credit Union opened 162 new deposit accounts, reflecting a growing trust and reliance on their services among the community.
With a membership of 2,086 individuals as of the end of 2022, the credit union fosters a sense of community and cooperation among its members. By prioritizing long-term financial stability while ensuring competitive rates, Teachers Credit Union helps empower its members to achieve their financial goals, contributing to the overall economic health of the region.
This information is meant to be a general summary of Teachers 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: $217,691
- Program Service Revenue: $684,904
- Gross Receipts: $910,623
Assets and Liabilities:
- Total Assets: $32,637,898
- Total Liabilities: $29,054,994
- Net Assets: $3,582,904
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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
$553,196
OTHER MEMBER RELATED REVENUE
Revenue
$99,443
MEMBER FEE INCOME
Revenue
$31,745
NON-MEMBER CHECK CASH FEES
Revenue
$520
Organization Details
Founding Year
1934
Phone
(608) 362-8983Principal Officer
Amy Jacobson
Main Address
2315 PRAIRIE AVENUE, BELOIT, WI, 53511
Website
www.tcubeloit.orgNTEE Category
Code: W60 - Public benefit
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