Hbi Employees Credit Union

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

EIN: 410785958 ✦ Saint paul, MN ✦ Designated as a 501(c)(14)

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Overview

What is Hbi Employees Credit Union?

Hbi Employees Credit Union is a financial institution based in Saint Paul, Minnesota, specifically at 3415 University Ave, with a focus on serving its members. With a mission to promote thrift among its members and provide them with a reliable source of credit, the credit union offers various deposit accounts. As of March 31, 2022, it had 946 active members. In the recent year, the credit union opened 7 new accounts, demonstrating its commitment to serving its community.


Official website here: www.hbicu.com

Is Hbi Employees Credit Union legitimate?

Hbi Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hbi Employees 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: $40,053
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hbicu.com

What is the mission statement of Hbi Employees Credit Union?

The Hbi Employees Credit Union's mission is centered around encouraging savings among its members and serving as a reliable source of credit for them, offering fair interest rates. The credit union offers various deposit account options to its members. In 2022, they opened seven new accounts for their members. As of March 31, 2022, the credit union had 946 members in its fold.


Official website here: www.hbicu.com

Who is the CEO of Hbi Employees Credit Union?

Karen Fleming is the President/Ce of Hbi Employees Credit Union.


Official website here: www.hbicu.com

What is the revenue of Hbi Employees Credit Union?

Hbi Employees Credit Union's revenue in 2022 was $61,811.


Official website here: www.hbicu.com

Who are the executives of Hbi Employees Credit Union and what are their salaries?

There 10 volunteers at Hbi Employees Credit Union.


Here are 8 key members and their salaries:


Karen Fleming (President/Ce)
  • Compensation: $26,350
  • Related: $0
  • Other: $1,685
Theresa Peterson (Assistant Ma)
  • Compensation: $13,703
  • Related: $0
  • Other: $1,893
Matt Michalski (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Degan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Fredrickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernadette Erdos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Stachowksi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Reichow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hbicu.com

Where can I find the form 990 for Hbi Employees Credit Union?

Hbi Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hbicu.com

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

Mission Statement of Hbi Employees Credit Union

Hbi Employees Credit Union's primary objective is to encourage savings among its members and serve as a reliable source of credit for them at reasonable interest rates. The credit union's mission is geared towards promoting thrift among its members, thereby providing them with a financially sound foundation. By doing so, Hbi Employees Credit Union aims to create a credit source that is both legitimate and beneficial for its members.

In pursuit of this mission, Hbi Employees Credit Union offers various types of deposit accounts to its members. These accounts cater to the diverse financial needs of its members, offering them a stable and secure place to save their money. In the year 2022, the credit union opened seven new accounts for its members, demonstrating its commitment to expanding its services and reaching out to more individuals. As of March 31, 2022, the credit union had a membership of 946 individuals, reflecting its growing popularity and influence within the financial sector.

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Impact




October, 2024

HBI Employees Credit Union plays a vital role in enhancing financial well-being within the Saint Paul community. By promoting thrift among its members, the credit union encourages responsible savings and provides various deposit account options tailored to meet their financial needs.

In 2022, HBI opened seven new accounts, demonstrating its commitment to expanding access to financial services for its members. The credit union serves a diverse membership base of 946 individuals, offering them a reliable source of credit at legitimate interest rates, thereby fostering financial stability and empowerment.

Overall, HBI Employees Credit Union contributes to the economic health of the community by enabling its members to manage their finances effectively, save for the future, and access credit when needed.




This information is meant to be a general summary of Hbi Employees 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
$61,811 (2022)
Expenses
$266,798 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,047
  • Program Service Revenue: $53,269
  • Gross Receipts: $61,811

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$33,832

OTHER MEMBER RELATED INCOME

Revenue

$14,134

MEMBER FEE INCOME

Revenue

$5,087

FEE & INSURANCE INCOME

Revenue

$201

VEHCILE TITLE FEES

Revenue

$15

Organization Details

Founding Year

1955

Principal Officer

Karen Fleming

Main Address

3415 UNIVERSITY AVE, SAINT PAUL, MN, 55114

NTEE Category

Code: W60 - Public benefit

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