Lee Co Credit Union

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

EIN: 421316581 ✦ Keokuk, IA ✦ Designated as a 501(c)(14)

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Overview

What is Lee Co Credit Union?

Lee Co Credit Union is a nonprofit organization situated in Keokuk, Iowa. Primarily, their mission revolves around offering a selection of financial services to their members. This membership is open to individuals residing or working within Lee County. The credit union's operations are limited in scope, focusing on meeting the financial needs of its member base. With a modest workforce of two employees, Lee Co Credit Union serves its community, providing essential financial services.

Is Lee Co Credit Union legitimate?

Lee Co Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lee Co 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: $78,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lee Co Credit Union?

Lee Co Credit Union's primary mission is to offer a restricted selection of financial services to its members. This credit union extends its membership eligibility to individuals who reside or work within Lee County. Its main objective is to serve and support its members financially, providing them with essential financial services. The credit union aims to contribute positively to its members' financial well-being and stability by offering a limited yet necessary range of financial products and services.

Who is the CEO of Lee Co Credit Union?

Thomas Ketterer is the Chief Financial Officer of Lee Co Credit Union.

What is the revenue of Lee Co Credit Union?

Lee Co Credit Union's revenue in 2022 was $169,962.

Who are the executives of Lee Co Credit Union and what are their salaries?

The average compensation at Lee Co Credit Union during 2022 was $39,146. There are 2 employees and 9 volunteers at Lee Co Credit Union.


Here are 9 key members and their salaries:


Kelly Fett (Manager)
  • Compensation: $50,422
  • Related: $0
  • Other: $0
Mark Rulon (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Moander (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hardy (Audit Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Ragar (Credit Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Seaver (Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Hardy (Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leland Seaver (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ketterer (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lee Co Credit Union?

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

Mission Statement of Lee Co Credit Union

Lee Co Credit Union's primary mission is centered around providing a limited array of financial services to its eligible members. This nonprofit organization extends its membership privileges to individuals who reside or work within Lee County. By fulfilling this mission, Lee Co Credit Union aims to contribute positively to the financial well-being of its members, offering them essential financial services. The union's mission is rooted in the belief that financial services are crucial components in enhancing the lives of its members, and by making these services accessible, it can contribute to their overall welfare.

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Impact




October, 2024

Lee Co Credit Union plays a vital role in enhancing the financial well-being of its members in Lee County, Iowa. By providing a limited range of financial services, it fosters economic stability and growth within the community. The credit union serves individuals who live or work in the area, creating a strong support network that promotes financial inclusion.

By offering accessible financial services, Lee Co Credit Union empowers its members to achieve their financial goals, whether through savings accounts, loans, or other financial products tailored to their needs. This not only improves the economic prospects of its members but also contributes to the overall vitality of Lee County. The credit union's commitment to serving the local community helps to strengthen relationships, promote financial literacy, and encourage responsible financial practices among its members. Through its operations, Lee Co Credit Union significantly impacts the economic landscape of the region, driving positive change and support for its community.




This information is meant to be a general summary of Lee Co 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
$169,962 (2022)
Expenses
$142,216 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $19,487
  • Program Service Revenue: $150,475
  • Gross Receipts: $169,962

Assets and Liabilities:

  • Total Assets: $3,828,052
  • Total Liabilities: $2,967,277
  • Net Assets: $860,775

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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

$150,475

Organization Details

Founding Year

1966

Principal Officer

Thomas Ketterer

Main Address

PO Box 907, Keokuk, IA, 52632

NTEE Category

Code: W60 - Public benefit

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