Iron County Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390833053 ✦ Hurley, WI ✦ Designated as a 501(c)(14)

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Overview

What is Iron County Community Credit Union?

Iron County Community Credit Union is a member-driven financial cooperative, located in Hurley, Wisconsin (5702 W US HWY 2, ZIP 54534). Established as a community-based institution, its mission is to serve its members as their preferred financial partner, offering a diverse range of financial services at reasonable rates. In 2022, the credit union opened 298 new deposit accounts, growing its membership to 3,875 individuals as of December 31. The credit union's team consists of 22 dedicated employees, who are committed to their members' financial well-being.


Official website here: www.ironcccu.com

Is Iron County Community Credit Union legitimate?

Iron County Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Iron County Community 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: $134,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,460

For more financial information, click here


Official website here: www.ironcccu.com

What is the mission statement of Iron County Community Credit Union?

The Iron County Community Credit Union is a member-driven financial cooperative aimed at becoming its members' preferred financial institution. It offers a reasonable range of financial services at fair and reasonable rates. The credit union's mission is to serve its members by providing various deposit account options, with 298 new accounts opened in 2022. As of December 31, 2022, the credit union had 3,875 members. The credit union's goal is to cater to its members' financial needs, ensuring accessibility and affordability in its service offerings.


Official website here: www.ironcccu.com

Who is the CEO of Iron County Community Credit Union?

Mark Marczak is the President of Iron County Community Credit Union.


Official website here: www.ironcccu.com

What is the revenue of Iron County Community Credit Union?

Iron County Community Credit Union's revenue in 2022 was $1,569,046.


Official website here: www.ironcccu.com

Who are the executives of Iron County Community Credit Union and what are their salaries?

The average compensation at Iron County Community Credit Union during 2022 was $17,136. There are 22 employees and 5 volunteers at Iron County Community Credit Union.


Here are 9 key members and their salaries:


Mark Marczak (President)
  • Compensation: $79,198
  • Related: $0
  • Other: $18,850
Heather Verbos (Vice Preside)
  • Compensation: $55,324
  • Related: $0
  • Other: $10,550
Susan Wolfe (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Lundquist (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Alexandroni (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daneil Soine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Ahonen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Vaara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ironcccu.com

Where can I find the form 990 for Iron County Community Credit Union?

Iron County Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ironcccu.com

Learn more at the official website: www.ironcccu.com

Mission Statement of Iron County Community Credit Union

Iron County Community Credit Union, as a member-owned financial cooperative, strives to become the preferred financial institution for its members. Their mission is to provide a reasonable range of financial services at fair and reasonable rates. This nonprofit organization aims to meet the financial needs of its members, offering various deposit account options to cater to their savings and banking needs. In 2022, they successfully opened 298 new deposit accounts, demonstrating their commitment to serving their growing member base. As of December 31, 2022, Iron County Community Credit Union boasts a membership of 3,875 individuals.

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Impact




October, 2024

Iron County Community Credit Union has made a significant impact on the local community by prioritizing the financial needs of its members. As a member-owned financial cooperative, it is dedicated to providing a wide range of financial services at fair and reasonable rates. The credit union opened 298 new deposit accounts in 2022, contributing to the financial well-being of its 3,875 members as of December 31, 2022.

By fostering a community-centric approach to banking, Iron County Community Credit Union enhances financial accessibility for its members, helping them achieve their financial goals while also supporting the local economy in Hurley, Wisconsin. Its commitment to member service ensures that individuals have access to essential financial tools and resources, reinforcing the cooperative's role as a trusted ally in the community's financial landscape.




This information is meant to be a general summary of Iron County Community 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.

Revenue
$1,569,046 (2022)
Expenses
$1,018,090 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $322,204
  • Program Service Revenue: $1,242,776
  • Gross Receipts: $1,588,851

Assets and Liabilities:

  • Total Assets: $43,715,405
  • Total Liabilities: $38,306,780
  • Net Assets: $5,408,625

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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

$1,097,324

MEMBER FEE INCOME

Revenue

$115,483

OTHER MEMBER RELATED INCOME

Revenue

$28,963

FEE & INSURANCE REVENUE

Revenue

$1,006

Organization Details

Founding Year

1950

Principal Officer

Mark Marczak

Main Address

5702 W US HWY 2, HURLEY, WI, 54534

NTEE Category

Code: W60 - Public benefit

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