Dillon Credit Union

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

EIN: 486108739 ✦ Hutchinson, KS ✦ Designated as a 501(c)(14)

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Overview

What is Dillon Credit Union?

Dillon Credit Union is a nonprofit organization committed to offering financial services for the collective benefit of its members. With a membership base of 4,589 individuals, the credit union provides a range of credit and financial-related services. Its primary mission is to foster financial well-being among its members, offering them various financial programs and solutions.


Official website here: www.dilloncu.com

Is Dillon Credit Union legitimate?

Dillon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Dillon 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: $111,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $510,562

For more financial information, click here


Official website here: www.dilloncu.com

What is the mission statement of Dillon Credit Union?

Dillon Credit Union is committed to providing financial services with a mutual purpose. Their mission is to cater to the needs of 4,589 members by offering credit and various financial-related services. The union strives to serve its members effectively, ensuring they have access to necessary financial tools and resources.


Official website here: www.dilloncu.com

What is the revenue of Dillon Credit Union?

Dillon Credit Union's revenue in 2023 was $3,245,706.


Official website here: www.dilloncu.com

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

The average compensation at Dillon Credit Union during 2023 was $36,619. There are 17 employees at Dillon Credit Union.

Here are 7 key members and their salaries:


Mike Evans (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryant Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Mcconnell (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Dreiling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Gann (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valery Ropp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Scherer (President)
  • Compensation: $111,959
  • Related: $0
  • Other: $20,907


Official website here: www.dilloncu.com

Where can I find the form 990 for Dillon Credit Union?

Dillon Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.dilloncu.com

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

Mission Statement of Dillon Credit Union

Dillon Credit Union, as the name suggests, is committed to providing financial services for the collective benefit of its members. With a mission in mind, this credit union offers a range of programs designed to cater to the credit and financial needs of its 4,589 members. The primary focus of Dillon Credit Union is to serve its members, providing them with various financial-related services. This commitment to mutual purposes sets Dillon Credit Union apart, ensuring that its members have access to the financial tools they need to manage their finances effectively.

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Impact




October, 2024

Dillon Credit Union plays a significant role in the financial empowerment of its community by providing essential financial services tailored to meet the needs of its members. With a commitment to fostering mutual purposes, it serves 4,589 members, offering access to credit and a variety of other financial services that support their economic well-being.

Located in Hutchinson, Kansas, Dillon Credit Union focuses on creating programs that facilitate financial literacy and responsible management of personal finances. By prioritizing the unique needs of its members, the credit union contributes to their financial stability and growth. Through its services, Dillon Credit Union not only assists individuals in navigating their financial journeys but also strengthens the overall economic health of the community it serves.




This information is meant to be a general summary of Dillon 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
$3,245,706 (2023)
Expenses
$2,708,235 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $555,736
  • Program Service Revenue: $2,687,464
  • Gross Receipts: $3,245,706

Assets and Liabilities:

  • Total Assets: $64,125,907
  • Total Liabilities: $55,591,299
  • Net Assets: $8,534,608

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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

$2,242,760

FEE INCOME

Revenue

$444,704

Organization Details

Founding Year

1958

Principal Officer

Kenneth Scherer

NTEE Category

Code: Z99 - Unknown

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