Landmark Credit Union

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

EIN: 630207455 ✦ Fairfield, AL ✦ Designated as a 501(c)(14)

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Overview

What is Landmark Credit Union?

Landmark Credit Union is an Alabama-state-chartered financial institution, established with a dual mission of promoting thrift among its members and offering them affordable credit. Situated in Fairfield, Alabama, the credit union provides a range of savings products, such as savings, checking, certificate of deposit accounts, and IRA savings accounts, to its approximately 3,800 members residing, working, attending school, or worshipping in specific areas. This nonprofit credit union's activities primarily revolve around offering financial services to its members, aiming to promote financial well-being and financial inclusion.


Official website here: www.landmarkcu.net

Is Landmark Credit Union legitimate?

Landmark Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Landmark 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: $447,330
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,693

For more financial information, click here


Official website here: www.landmarkcu.net

What is the mission statement of Landmark Credit Union?

Landmark Credit Union, established as an Alabama state-chartered credit union, serves a dual purpose of promoting thrift among its members and providing them with a reliable source of credit at reasonable interest rates. The credit union caters to individuals residing, working, attending school, or worshipping in specific areas west of I-65, Saint Clair County, the cities of Lincoln, and Talladega. Landmark Credit Union provides financial services to approximately 3,800 members, aiming to support their financial needs in a legitimate and beneficial manner.


Official website here: www.landmarkcu.net

Who is the CEO of Landmark Credit Union?

Dow Hill is the Secretary of Landmark Credit Union. The CEO's salary of Landmark Credit Union is $153,243 and their total compensation is $253,119.


Official website here: www.landmarkcu.net

What is the revenue of Landmark Credit Union?

Landmark Credit Union's revenue in 2020 was $2,082,933.


Official website here: www.landmarkcu.net

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

There 8 volunteers at Landmark Credit Union.


Here are 8 key members and their salaries (Landmark Credit Union's CEO's salary is $153,243 and their total compensation is $253,119):


Carl Kantor (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hal Ferrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Piasky (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Crabb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dow Hill (President/Ceo)
  • Compensation: $153,243
  • Related: $0
  • Other: $99,876
Deb Rackard (Coo)
  • Compensation: $95,684
  • Related: $0
  • Other: $6,903
Ron Chatham (Vp Lending)
  • Compensation: $77,818
  • Related: $0
  • Other: $13,805


Official website here: www.landmarkcu.net

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

Landmark Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.landmarkcu.net

Learn more at the official website: www.landmarkcu.net

Mission Statement of Landmark Credit Union

Landmark Credit Union, established as a credit union with a state charter in Alabama, has a twofold purpose. Its primary mission is to promote savings among its members, encouraging them to set aside funds for future needs. Simultaneously, Landmark Credit Union serves as a reliable source of credit for its members, offering loans at reasonable interest rates. The credit union extends its services to individuals who reside, work, attend school, or worship in specific areas, including regions west of I-65, Saint Clair County, the cities of Lincoln, and Talladega. Currently, Landmark Credit Union caters to approximately 3,800 members, providing them with various financial services.

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Impact




October, 2024

Landmark Credit Union significantly impacts its community by providing essential financial services designed to promote thrift and empower members. With a strong commitment to encouraging saving habits, Landmark offers a variety of competitive savings products, including savings, checking, certificate of deposit accounts, and IRA savings accounts.

Located in Fairfield, Alabama, Landmark serves approximately 3,800 members from various backgrounds who reside, work, attend school, or worship in areas west of I-65, including St. Clair County, Lincoln, and Talladega. By creating access to reliable credit at reasonable rates, Landmark not only fosters financial stability among its members but also contributes to the overall economic health of the community. The credit union's mission to promote thrift and provide credit support underscores its dedication to uplifting the financial well-being of those it serves.




This information is meant to be a general summary of Landmark 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
$2,082,933 (2020)
Expenses
$3,201,958 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $156,832
  • Program Service Revenue: $1,926,928
  • Gross Receipts: $2,082,933

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$1,504,666

FINANCIAL SERVICE FEES

Revenue

$401,568

ATM FOREIGN FEE INCOME

Revenue

$20,694

Organization Details

Founding Year

1928

Principal Officer

Dow Hill

Main Address

5705 VALLEY ROAD, FAIRFIELD, AL, 35064

NTEE Category

Code: W60 - Public benefit

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