Overview
What is Lennox Employees Credit Union?
Lennox Employees Credit Union is a nonprofit financial institution situated in Marshalltown, Iowa. Established primarily to serve Lennox employees, their families, and select employee groups, it offers a wide range of deposit accounts. In 2022, the credit union welcomed 1,065 new members, bringing the total number to 6,491 as of December 31st. Its mission involves providing financially sound, long-term affordable borrowing and savings opportunities, aiming to offer the lowest interest rates on loans and the highest returns on savings. The credit union operates on a perpetual basis, ensuring the best service possible for its members.
Official website here: www.lennoxecu.com
What do the Facebook reviews say about Lennox Employees Credit Union?
Lennox Employees Credit Union has received positive comments from its users, even though it is not yet rated on Facebook. One review highlights the exceptional quality of service provided, emphasizing the friendly and helpful nature of the staff.
Many users express confidence in the institution, suggesting a welcoming environment where they feel valued. The overall sentiment indicates that members appreciate the community-oriented approach of the credit union.
With positive remarks about the staff and services, it appears that Lennox Employees Credit Union is well-regarded among its clients, offering an experience that aligns with its mission of supporting its employees and their financial needs.
This AI summary has been generated from reviews found on Facebook.
Is Lennox Employees Credit Union legitimate?
Lennox Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lennox 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: $206,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,163
For more financial information, click here
Official website here: www.lennoxecu.com
What is the mission statement of Lennox Employees Credit Union?
Lennox Employees Credit Union's mission is centered around providing financial services. They aim to serve Lennox employees, their families, and selected employee groups and their families who are credit union members. The union strives to offer affordable borrowing and savings opportunities on a financially sound and perpetual basis. Their goal is to provide the lowest possible rates on loans and the best possible returns on savings. In essence, Lennox Employees Credit Union aims to enhance the financial well-being of its members.
Official website here: www.lennoxecu.com
Who is the CEO of Lennox Employees Credit Union?
Carl Mundth is the President/Ce of Lennox Employees Credit Union.
Official website here: www.lennoxecu.com
What is the revenue of Lennox Employees Credit Union?
Lennox Employees Credit Union's revenue in 2022 was $2,271,982.
Official website here: www.lennoxecu.com
Who are the executives of Lennox Employees Credit Union and what are their salaries?
The average compensation at Lennox Employees Credit Union during 2022 was $31,075. There are 19 employees and 11 volunteers at Lennox Employees Credit Union.
Here are 14 key members and their salaries:
- Compensation: $87,773
- Related: $0
- Other: $37,174
- Compensation: $63,273
- Related: $0
- Other: $6,618
- Compensation: $55,211
- Related: $0
- Other: $19,777
- 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
Official website here: www.lennoxecu.com
Where can I find the form 990 for Lennox Employees Credit Union?
Lennox Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lennoxecu.com
Learn more at the official website: www.lennoxecu.com
Mission Statement of Lennox Employees Credit Union
Lennox Employees Credit Union, in its mission, strives to provide financial services to the employees of Lennox, their families, and select employee groups and their families who are credit union members. The credit union aims to accomplish this mission on a financially sound and perpetual basis, offering affordable borrowing and savings opportunities. They strive to offer the lowest possible rates on loans and the best possible returns on savings. In essence, Lennox Employees Credit Union is committed to serving its members by providing them with financial solutions that are both affordable and beneficial.
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Impact
October, 2024
Lennox Employees Credit Union plays a crucial role in providing accessible financial services to Lennox employees, their families, and select employee groups. By offering a range of deposit accounts and striving for low rates on loans while maximizing savings returns, the credit union supports the financial well-being of its members.
In 2022, the credit union successfully opened 1,065 new deposit accounts, reflecting its commitment to helping members manage their finances effectively. With a membership that has grown to 6,491 by the end of 2022, the credit union has established itself as a trusted financial partner within the community of Marshalltown, Iowa.
The focus on affordable borrowing and savings opportunities not only empowers individuals and families to achieve their financial goals but also fosters a sense of security and stability within the member community. Through its dedicated efforts, Lennox Employees Credit Union enhances the overall financial literacy and resilience of its members, contributing positively to their quality of life.
This information is meant to be a general summary of Lennox 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $334,740
- Program Service Revenue: $1,927,391
- Gross Receipts: $5,131,956
Assets and Liabilities:
- Total Assets: $60,676,227
- Total Liabilities: $56,162,663
- Net Assets: $4,513,564
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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
$1,436,899
MEMBER FEE INCOME
Revenue
$467,140
OTHER MEMBER RELATED INCOME
Revenue
$19,656
FEE & INSURANCE INCOME
Revenue
$3,696
Organization Details
Founding Year
1948
Phone
(641) 754-4501Principal Officer
Carl Mundth
Main Address
1004 E MAIN ST, MARSHALLTOWN, IA, 50158
Website
www.lennoxecu.comNTEE Category
Code: W60 - Public benefit
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