Overview
What is Indianhead Credit Union?
Indianhead Credit Union is a nonprofit financial institution located at 104 E Maple St, Spooner, WI 54801. With a staff of 26, their mission is to offer competitive financial products to their members, providing small-scale savings and loans, aiming to improve the economic and social well-being of individuals from diverse backgrounds, including low and moderate income members. Notably, they offer their services free of charge to the community, hosting a VITA/AARP site at their Spooner Office, where they assisted over 400 individuals in filing their taxes during the tax season. This service, while not generating income, is an essential contribution to the community.
Official website here: www.indianheadcu.org
Is Indianhead Credit Union legitimate?
Indianhead Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Indianhead 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: $253,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,876
For more financial information, click here
Official website here: www.indianheadcu.org
What is the mission statement of Indianhead Credit Union?
Indianhead Credit Union's mission is centered around providing the best financial products to its members, ensuring competitive rates, offering member education, and delivering exceptional service. The credit union is committed to maintaining its financial stability in the long term while striving to improve the economic and social well-being of its members, regardless of their socio-economic backgrounds. This includes offering loans, such as real estate and small balance consumer loans, and savings options like small balance passbook accounts. Moreover, the credit union demonstrates its community commitment by providing a VITA/AARP site, offering free tax preparation services to low and moderate income individuals, at an estimated cost of $8000.
Official website here: www.indianheadcu.org
Who is the CEO of Indianhead Credit Union?
Dale Gottschalk is the Ceo/President of Indianhead Credit Union. The CEO's salary of Indianhead Credit Union is $60,777 and their total compensation is $64,460.
Official website here: www.indianheadcu.org
What is the revenue of Indianhead Credit Union?
Indianhead Credit Union's revenue in 2022 was $3,212,744.
Official website here: www.indianheadcu.org
Who are the executives of Indianhead Credit Union and what are their salaries?
The average compensation at Indianhead Credit Union during 2022 was $31,802. There are 26 employees and 9 volunteers at Indianhead Credit Union.
Here are 10 key members and their salaries (Indianhead Credit Union's CEO's salary is $60,777 and their total compensation is $64,460):
- Compensation: $97,054
- Related: $0
- Other: $26,284
- Compensation: $57,006
- Related: $0
- Other: $9,160
- Compensation: $60,777
- Related: $0
- Other: $3,683
- 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
Official website here: www.indianheadcu.org
Where can I find the form 990 for Indianhead Credit Union?
Indianhead Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianheadcu.org
Learn more at the official website: www.indianheadcu.org
Mission Statement of Indianhead Credit Union
Indianhead Credit Union, with a mission to serve its members, strives to provide the best possible financial products. This mission is achieved by offering competitive rates, providing member education, and delivering outstanding service. The credit union's goal is to improve the economic and social well-being of all its members, regardless of their social or economic backgrounds. This includes offering loans such as real estate loans and small balance consumer loans, as well as savings accounts like small balance passbook accounts. The credit union's dedication to its members extends beyond financial services. For instance, Indianhead Credit Union provides space and staff for the VITA/AARP site at its Spooner Office. This initiative saw the credit union assisting over 400 low and moderate income individuals in the community by preparing their tax returns at no charge to the taxpayers. This service, although not generating income, is a testament to the credit union's commitment to giving back to its community.
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Impact
October, 2024
Indianhead Credit Union significantly enhances the economic and social well-being of its members, particularly those from low and moderate income backgrounds. By offering a diverse range of financial services, including real estate loans and small balance consumer loans, it enables individuals to access credit and savings options that may otherwise be unavailable to them.
A notable aspect of their community impact is the provision of free tax preparation services through the VITA/AARP program at their Spooner office. By assisting with more than 415 tax returns at no charge, they deliver vital support to individuals in their community, contributing to financial literacy and reducing economic burdens. Although this service incurs estimated expenses of $8,000—staffed during regular business hours without generating income—it exemplifies their commitment to giving back to the community and supporting those in need.
Indianhead Credit Union strives to offer the best possible financial products, focusing on competitive rates and member education, all while ensuring its long-term financial stability. This blend of services not only meets immediate financial needs but fosters long-lasting economic empowerment for its members.
This information is meant to be a general summary of Indianhead 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: $797,691
- Program Service Revenue: $1,841,100
- Gross Receipts: $3,212,744
Assets and Liabilities:
- Total Assets: $93,128,956
- Total Liabilities: $85,507,561
- Net Assets: $7,621,395
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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
$1,776,721
ORIGINATION FEE SERVICE LOANS
Revenue
$58,662
LATE FEES
Revenue
$5,717
Organization Details
Founding Year
1961
Phone
(715) 635-8273Principal Officer
Dale Gottschalk
Main Address
104 E Maple St, Spooner, WI, 548010100
Website
www.indianheadcu.orgNTEE Category
Code: W60 - Public benefit
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