North Iowa Community Credit Union

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

EIN: 420806064 ✦ Mason city, IA ✦ Designated as a 501(c)(14)

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Overview

What is North Iowa Community Credit Union?

North Iowa Community Credit Union is a nonprofit organization located in Mason City, Iowa, with an address at 640 South Federal Avenue, 50401. The credit union offers financial services to its members, including deposit services, loans for both personal and real estate purposes, and savings accounts. During the 2022 tax year, they served approximately 11,784 members. Additionally, the credit union is committed to contributing to the local community beyond its financial services, which is an essential aspect of its mission. The organization is staffed by 30 employees.


Official website here: www.niccu.com

What do the Facebook reviews say about North Iowa Community Credit Union?

92% of 62 reviewers on Facebook would recommend North Iowa Community Credit Union. Here is a summary of their reviews:

Many users express gratitude for the support they've received, highlighting the institution's willingness to help individuals who may have faced challenges elsewhere. The sentiment is overwhelmingly positive, with comments emphasizing how the credit union has become a lifelong partner for their financial needs. Reviewers appreciate the personalized service and commitment shown by the staff, noting that their experiences have been beneficial and encouraging.

Overall, the community seems to feel valued and supported by North Iowa Community Credit Union, showcasing a strong sense of loyalty among its members. The organization appears to deliver effectively on its promises, fostering trust and satisfaction among its clientele.


This AI summary has been generated from reviews found on Facebook.

Is North Iowa Community Credit Union legitimate?

North Iowa Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North Iowa 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: $340,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,084,755

For more financial information, click here


Official website here: www.niccu.com

What is the mission statement of North Iowa Community Credit Union?

North Iowa Community Credit Union's mission, as stated, is centered around providing financial services to its members. This encompasses offering checking and savings accounts, as well as personal and real estate loans. Beyond these services, the credit union also engages in community support. During the 2022 tax year, the credit union served approximately 11,784 members.


Official website here: www.niccu.com

Who is the CEO of North Iowa Community Credit Union?

Scott J Shipman is the Chairman of North Iowa Community Credit Union.


Official website here: www.niccu.com

What is the revenue of North Iowa Community Credit Union?

North Iowa Community Credit Union's revenue in 2022 was $4,924,046.


Official website here: www.niccu.com

Who are the executives of North Iowa Community Credit Union and what are their salaries?

The average compensation at North Iowa Community Credit Union during 2022 was $47,494. There are 30 employees at North Iowa Community Credit Union.


Here are 9 key members and their salaries:


Mark Brosz (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Shannon (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin D Easley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Schweitzer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Ginder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mae Miles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Eskildsen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Hendershot (Coo)
  • Compensation: $115,223
  • Related: $0
  • Other: $12,225
Scott J Shipman (President)
  • Compensation: $199,702
  • Related: $0
  • Other: $12,907


Official website here: www.niccu.com

Where can I find the form 990 for North Iowa Community Credit Union?

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


Official website here: www.niccu.com

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

Mission Statement of North Iowa Community Credit Union

North Iowa Community Credit Union is committed to providing financial services to its members. This nonprofit organization offers a range of financial products, including checking and savings accounts, as well as both personal and real estate loans. Its mission is to serve its members effectively, ensuring they have access to the financial tools they need to manage their finances. During the 2022 tax year, North Iowa Community Credit Union served approximately 11,784 members. Beyond providing financial services, the credit union also engages in community support, furthering its commitment to its members and the broader community.

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Impact




October, 2024

North Iowa Community Credit Union plays a significant role in the financial well-being of its members and the local community. By offering a range of financial services, including checking accounts, savings options, and both personal and real estate loans, the credit union meets the diverse needs of approximately 11,784 members.

In Mason City, IA, it serves not only as a place for financial transactions but also as a partner in fostering economic stability. By providing accessible deposit services and loans, the credit union supports individuals and families in achieving their financial goals. Furthermore, its commitment to community support enhances the overall quality of life in the region, creating a positive impact that extends beyond traditional banking services.




This information is meant to be a general summary of North Iowa 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
$4,924,046 (2022)
Expenses
$4,248,851 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $63,236
  • Program Service Revenue: $4,336,537
  • Gross Receipts: $4,983,577

Assets and Liabilities:

  • Total Assets: $103,286,110
  • Total Liabilities: $94,981,027
  • Net Assets: $8,305,083

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$3,836,910

CREDIT/DEBIT CARD FEES

Revenue

$499,627

Organization Details

Founding Year

1956

Principal Officer

Scott J Shipman

Main Address

640 SOUTH FEDERAL AVENUE, MASON CITY, IA, 50401

NTEE Category

Code: Z99 - Unknown

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