Overview
What is Indiana Members Credit Union?
Indiana Members Credit Union is a state-chartered financial institution based in Indianapolis, Indiana. The credit union provides essential financial services, including accepting deposits and granting loans, for individuals who might not have access to other banking options. Beyond this, the credit union invests surplus funds on behalf of its members and distributes profits as dividends. The primary goal is to offer financial accessibility and profit-sharing opportunities to its community.
Official website here: www.imcu.org
Is Indiana Members Credit Union legitimate?
Indiana Members Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Indiana Members 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $6,179,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,453,667
For more financial information, click here
Official website here: www.imcu.org
What is the mission statement of Indiana Members Credit Union?
Indiana Members Credit Union functions as a state-chartered financial institution, providing access to banking services for individuals who may not have the opportunity to use other financial institutions. The credit union takes in deposits and extends loans as part of its operations. Beyond this, it also invests the surplus funds of its members and distributes the profits back to them through dividends. Essentially, Indiana Members Credit Union acts as a cooperative financial organization, serving its members by offering essential financial services and returning profits.
Official website here: www.imcu.org
Who is the CEO of Indiana Members Credit Union?
John Newett is the Ceo of Indiana Members Credit Union. The CEO's salary of Indiana Members Credit Union is $480,488 and their total compensation is $540,469.
Official website here: www.imcu.org
What is the revenue of Indiana Members Credit Union?
Indiana Members Credit Union's revenue in 2022 was $115,174,004.
Official website here: www.imcu.org
Who are the executives of Indiana Members Credit Union and what are their salaries?
The average compensation at Indiana Members Credit Union during 2022 was $53,521. There are 535 employees and 3 volunteers at Indiana Members Credit Union.
Here are 30 key members and their salaries (Indiana Members Credit Union's CEO's salary is $480,488 and their total compensation is $540,469):
- Ronny Collier (Ceo)
- John Newett (Ceo)
- Todd Habig (Cfo)
- Patrick Murphy (Senior Vice President)
- Luke Yaeger (Market President)
- Justin Sinders (Chief Strategy Officer)
- Jeffrey Hawkins (Senior Vice President)
- Gregory Perrey (Financial Services Advisor)
- Monique Krider (Vice President)
- John Schenk (Vice President)
- Scott Mann (Chief Retail Officer)
- Tom Wellman (Chief Risk Officer)
- Thorpe Miller (Chief Marketing Officer)
- Daniel Collier (Assistant Vice Pres)
- Bill White (Market President)
- Amanda Emery (Vice President)
- Daralyn Schneider (Senior Vice President)
- Mary Bateman (Assistant Vice Pres)
- Chantelle Sparks (Senior Vice President)
- Brian Woods (Senior Commercial Loan Officer)
- Daren Johnson (Commercial Loan Officer)
- Robert Martin (Chairman) [Trustee/Director]
- Nicholas Kellum (Vice Chairman) [Trustee/Director]
- Maggie Miller (Secretary) [Trustee/Director]
- Miriam Langsam (Board Member) [Trustee/Director]
- Michael Ney (Treasurer) [Trustee/Director]
- Kim Hodges (Board Member) [Trustee/Director]
- Joe Schulz (Board Member) [Trustee/Director]
- Jacqueline Blackwell (Board Member) [Trustee/Director]
- Bert Kite (Board Member) [Trustee/Director]
Official website here: www.imcu.org
Where can I find the form 990 for Indiana Members Credit Union?
The Indiana Members Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.imcu.org
Learn more at the official website: www.imcu.org
Mission Statement of Indiana Members Credit Union
Indiana Members Credit Union, a state-chartered financial institution, is dedicated to extending financial services to individuals who may not have access to other institutions. Established in Indiana, this credit union is committed to taking in deposits and providing loans to its members. Beyond banking services, Indiana Members Credit Union also invests excess funds on behalf of its members and redistributes the profits to them as dividends. The organization's primary goal is to serve its members' financial needs and contribute to their overall financial well-being. By offering financial services, Indiana Members Credit Union aims to help its members manage their money effectively and secure their financial future.
Impact
This information is meant to be a general summary of Indiana Members Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Indiana Members Credit Union's impact can be seen in the community through its provision of financial services to individuals who may not have access to traditional banking institutions. By offering services such as accepting deposits and providing loans, Indiana Members Credit Union helps empower its members financially and supports their economic stability. Additionally, the credit union's practice of investing excess funds on behalf of its members demonstrates a commitment to maximizing financial returns for the benefit of its members. Overall, Indiana Members Credit Union's focus on financial inclusion and community development contributes to the well-being of individuals in Indianapolis, IN.
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 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1956
Phone
(317) 788-0366
Principal Officer
John Newett
Main Address
5103 Madison Avenue, Indianapolis, IN, 46227
Website
www.imcu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Indiana Members Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.