Nw Iowa 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: 426098592 ✦ Le mars, IA ✦ Designated as a 501(c)(14)

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Overview

What is Nw Iowa Credit Union?

Nw Iowa Credit Union, situated in Le Mars, Iowa, is a member-owned, non-profit financial institution. Its primary purpose is to provide accessible and reasonably priced credit to its members, encouraging financial prudence. With a mission to promote the economic prosperity of both existing and future members, Nw Iowa Credit Union offers personalized and competitive financial services. The credit union, with a modest staff of 13 individuals, operates with the goal of allowing members to manage and utilize their savings for their mutual benefit.


Official website here: www.nwicu.com

What do the Facebook reviews say about Nw Iowa Credit Union?

94% of 40 reviewers on Facebook recommend Nw Iowa Credit Union. Here’s a summary of their insights:

Many users express appreciation for the friendly and approachable staff, highlighting the positive experiences they’ve had while interacting with them. Reviewers emphasize that the credit union actively participates in community support, showcasing a commitment to giving back. This dedicated approach resonates well with members, enhancing their overall satisfaction with the organization.

Overall, the sentiment surrounding Nw Iowa Credit Union is overwhelmingly positive, with members feeling valued and pleased by the services provided. The credit union seems to effectively deliver on its promise to foster a community-driven environment.


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

Is Nw Iowa Credit Union legitimate?

Nw Iowa Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nw Iowa 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: $35,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,108

For more financial information, click here


Official website here: www.nwicu.com

What is the mission statement of Nw Iowa Credit Union?

Nw Iowa Credit Union, being a member-owned and non-profit financial institution, is committed to providing personalized and competitive services. Its mission is to promote the economic well-being of its current and future members by offering credit at reasonable interest rates, fostering savings habits, and allowing members to utilize and manage their savings for their mutual benefit. In essence, the credit union aims to serve its members effectively, ensuring their financial stability and success.


Official website here: www.nwicu.com

Who is the CEO of Nw Iowa Credit Union?

Matthew Chizek is the Director of Nw Iowa Credit Union. The CEO's salary of Nw Iowa Credit Union is $32,012 and their total compensation is $33,360.


Official website here: www.nwicu.com

What is the revenue of Nw Iowa Credit Union?

Nw Iowa Credit Union's revenue in 2022 was $2,770,938.


Official website here: www.nwicu.com

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

The average compensation at Nw Iowa Credit Union during 2022 was $36,627. There are 13 employees and 9 volunteers at Nw Iowa Credit Union.


Here are 11 key members and their salaries (Nw Iowa Credit Union's CEO's salary is $32,012 and their total compensation is $33,360):


Kim Wilkens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Boehme (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Sudtelgte (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolynn Goodchild (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wiese (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Schlotfeldt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Bolton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Loven (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Garvin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven De Boer Part Year (Ceo)
  • Compensation: $32,012
  • Related: $0
  • Other: $1,348
Matthew Chizek (Contracted Executive (Part Year))
  • Compensation: $87,463
  • Related: $0
  • Other: $0


Official website here: www.nwicu.com

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

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


Official website here: www.nwicu.com

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

Mission Statement of Nw Iowa Credit Union

Nw Iowa Credit Union, as a member-owned, non-profit financial institution, is committed to promoting the economic well-being of its present and future members. By providing personalized and competitive services, the credit union aims to create a source of credit at a fair and reasonable rate of interest. This encourages savings habits among its members, allowing them to use and control their savings for their mutual benefit. In essence, Nw Iowa Credit Union serves as a financial entity that prioritizes its members' financial stability and growth, offering services that foster economic prosperity.

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Impact




October, 2024

Nw Iowa Credit Union significantly contributes to the economic well-being of its members and the community by providing personalized and competitive financial services tailored to meet individual needs. Operating from Le Mars, Iowa, the credit union strives to create accessible credit options at fair rates, ensuring that members have the financial resources necessary to achieve their goals. The organization encourages habits of thrift, helping members build savings and manage their finances effectively.

By fostering a sense of community among its members, Nw Iowa Credit Union supports local economic development and stability. The services offered not only enhance the financial literacy of individuals but also empower them to take control of their financial future. This member-centered approach ensures that the benefits extend beyond just financial transactions, promoting a culture of mutual support and shared success within the community.




This information is meant to be a general summary of Nw Iowa 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
$2,770,938 (2022)
Expenses
$3,112,378 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $409,833
  • Program Service Revenue: $2,361,105
  • Gross Receipts: $2,770,938

Assets and Liabilities:

  • Total Assets: $87,331,389
  • Total Liabilities: $79,529,485
  • Net Assets: $7,801,904

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Programs

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

LOAN INTEREST INCOME

Revenue

$1,846,087

FEES

Revenue

$353,014

INSURANCE

Revenue

$77,283

HOME IMPROVEMENT INCOM

Revenue

$48,972

MONEY CARD FEES

Revenue

$6,778

Organization Details

Founding Year

1996

Principal Officer

Matthew Chizek

Main Address

1411 INDUSTRIAL ROAD SW, LE MARS, IA, 51031

NTEE Category

Code: W60 - Public benefit

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