Overview
What is Industrial Employees Credit Union?
Industrial Employees Credit Union is a nonprofit organization committed to promoting thrift among its members. By joining this union, members gain the power to manage their finances democratically. The primary goal of Industrial Employees Credit Union is to create an accessible and affordable source of credit, ensuring fair and reasonable interest rates, as stated in their Form 990. The organization's mission statement highlights its dedication to empowering members and providing them with financial control.
Official website here: www.ww.industrialemployeescucom
Is Industrial Employees Credit Union legitimate?
Industrial Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Industrial 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: $129,688
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ww.industrialemployeescucom
What is the mission statement of Industrial Employees Credit Union?
Industrial Employees Credit Union's mission is centered around promoting thrift among its members and empowering them to manage their finances independently. The organization serves as a democratic platform, offering its members a chance to control their money. Moreover, it strives to establish a reliable and reasonably priced source of credit, as detailed in their Form 990 documentation.
Official website here: www.ww.industrialemployeescucom
What is the revenue of Industrial Employees Credit Union?
Industrial Employees Credit Union's revenue in 2024 was $494,132.
Official website here: www.ww.industrialemployeescucom
Who are the executives of Industrial Employees Credit Union and what are their salaries?
The average compensation at Industrial Employees Credit Union during 2024 was $32,422. There are 4 employees and 12 volunteers at Industrial Employees Credit Union.
Here are 12 key members and their salaries:
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- Compensation: $51,450
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- Other: $4,009
- Compensation: $46,752
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- Other: $3,680
Official website here: www.ww.industrialemployeescucom
Where can I find the form 990 for Industrial Employees Credit Union?
Industrial Employees Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ww.industrialemployeescucom
Learn more at the official website: www.ww.industrialemployeescucom
Mission Statement of Industrial Employees Credit Union
Industrial Employees Credit Union is dedicated to promoting savings among its members and granting them the power to manage their finances independently. The organization's mission is twofold: firstly, it seeks to establish a reliable source of credit at reasonable interest rates for its members. Secondly, it aims to provide its members with the opportunity to exercise control over their own financial resources in a democratic manner, as outlined on their Form 990, specifically on page 2, part iii.
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Impact
October, 2024
Industrial Employees Credit Union plays a significant role in promoting financial stability and empowerment within its community. By encouraging thrift among its members, the credit union fosters a culture of saving and financial responsibility. This focus on thrift not only benefits individual members but also contributes to the overall economic health of the local area.
The credit union provides its members with a democratic platform to manage their finances, giving them a sense of ownership and control over their monetary decisions. This approach democratizes access to financial resources, ensuring that members can benefit from services designed with their best interests in mind.
Industrial Employees Credit Union also prioritizes accessibility to credit by offering loans at fair and reasonable interest rates. This commitment helps members finance various personal projects, investments, or unexpected expenses without falling into cycles of predatory lending. By providing responsible lending options, the credit union supports members in achieving their financial goals while promoting a sustainable economic environment.
In essence, the credit union's impact extends beyond mere financial transactions; it cultivates financial literacy, builds community trust, and empowers individuals to take charge of their financial futures.
This information is meant to be a general summary of Industrial 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 2024.
- Investment Income: $390,564
- Program Service Revenue: $103,568
- Gross Receipts: $494,132
Assets and Liabilities:
- Total Assets: $10,552,521
- Total Liabilities: $8,824,933
- Net Assets: $1,727,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & DRAFTS
Revenue
$53,994
CARD I/C INCOME
Revenue
$9,189
MC DEBIT
Revenue
$14,208
OTHER
Revenue
$23,344
K-1
Revenue
$2,833
Organization Details
Founding Year
1967
Principal Officer
Shona Varese
NTEE Category
Code: W60 - Public benefit
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