Independence Teachers Credit Union

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

EIN: 440651658 ✦ Independence, MO ✦ Designated as a 501(c)(14)

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Overview

What is Independence Teachers Credit Union?

Independence Teachers Credit Union is a nonprofit organization situated in Independence, Missouri. With a mission to serve 1,915 members, they offer a range of financial and financially related services. Their primary goal is to enhance their members' financial well-being while maintaining the financial stability of the credit union. They operate with a team of three dedicated employees, providing high-quality financial services that contribute to their members' financial health. The credit union is headquartered at 201 N Forest Ave 3, Independence, MO 640502513.


Official website here: www.sites.isdschools.org/itcu

Is Independence Teachers Credit Union legitimate?

Independence Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Independence Teachers 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: $56,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,031

For more financial information, click here


Official website here: www.sites.isdschools.org/itcu

What is the mission statement of Independence Teachers Credit Union?

The Independence Teachers Credit Union is dedicated to providing top-notch financial services to its member-owners. Their primary goal is to enhance the financial well-being of these members while ensuring the financial stability of the credit union itself. They offer a range of financial and financially related services to their 1,915 members, aiming to cater to their financial needs effectively.


Official website here: www.sites.isdschools.org/itcu

Who is the CEO of Independence Teachers Credit Union?

Angela Cook is the Chairman of Independence Teachers Credit Union.


Official website here: www.sites.isdschools.org/itcu

What is the revenue of Independence Teachers Credit Union?

Independence Teachers Credit Union's revenue in 2022 was $353,814.


Official website here: www.sites.isdschools.org/itcu

Who are the executives of Independence Teachers Credit Union and what are their salaries?

The average compensation at Independence Teachers Credit Union during 2022 was $40,980. There are 3 employees and 8 volunteers at Independence Teachers Credit Union.


Here are 6 key members and their salaries:


Sam Brock (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Grubb (Vice Chairman/Security Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Allin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Dunham (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Stephens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Cook (President)
  • Compensation: $53,982
  • Related: $0
  • Other: $2,928


Official website here: www.sites.isdschools.org/itcu

Where can I find the form 990 for Independence Teachers Credit Union?

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


Official website here: www.sites.isdschools.org/itcu

Learn more at the official website: www.sites.isdschools.org/itcu

Mission Statement of Independence Teachers Credit Union

Independence Teachers Credit Union, as a mission-driven organization, is committed to delivering top-notch financial services to its member-owners. The primary goal of this credit union is to enhance the financial well-being of its members while ensuring the financial stability of the institution itself. By providing a variety of financial and financially related services, Independence Teachers Credit Union aims to contribute positively to the financial lives of its 1,915 members. The credit union's mission is not just about offering financial products, but about improving the financial health of its members, thereby playing a significant role in their overall well-being.

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Impact




October, 2024

Independence Teachers Credit Union significantly enhances the financial well-being of its 1,915 members in Independence, MO, by offering high-quality financial services tailored to their needs. Its mission focuses on providing robust financial solutions that empower members to achieve their financial goals while ensuring the credit union's financial strength. This focus not only benefits individual members but also contributes positively to the broader community by fostering financial stability and resilience among its stakeholders. Through its various services, the credit union plays a vital role in supporting and improving the financial lives of its members.




This information is meant to be a general summary of Independence Teachers 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
$353,814 (2022)
Expenses
$257,212 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $140,210
  • Program Service Revenue: $213,604
  • Gross Receipts: $353,814

Assets and Liabilities:

  • Total Assets: $17,276,723
  • Total Liabilities: $15,228,337
  • Net Assets: $2,048,386

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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

$164,936

FEES & OTHER INCOME

Revenue

$47,813

AUTO WARRANTY/ESSENTIA

Revenue

$855

Organization Details

Founding Year

1959

Principal Officer

Angela Cook

Main Address

201 N FOREST AVE 3, INDEPENDENCE, MO, 640502513

NTEE Category

Code: W60 - Public benefit

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