Overview
What is Illiana Financial Credit Union?
Illiana Financial Credit Union is a member-focused financial institution based in Calumet City, Illinois. With a total of 73 employees, they offer loan services to their member base. The credit union's loan portfolio includes 11,957 active loans, totalling over $132 million in outstanding balances as of December 31, 2022. Illiana Financial Credit Union operates under the umbrella of Illinois state charter and functions with the shared objective of benefiting its members. The credit union stands out by providing members with financial assistance through loans and offering competitive interest rates on share deposits.
Official website here: www.illiana.org
Is Illiana Financial Credit Union legitimate?
Illiana Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Illiana Financial 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: $1,044,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,582,731
For more financial information, click here
Official website here: www.illiana.org
What is the mission statement of Illiana Financial Credit Union?
Illiana Financial Credit Union is a member-focused financial institution, chartered in Illinois, dedicated to providing beneficial services to its members. The organization's primary mission involves extending loans to its members and returning competitive dividends to those who deposit their savings. By operating under a mutual benefit structure, the Credit Union aims to foster a sense of community and financial prosperity among its members. Through its lending and dividend programs, Illiana Financial Credit Union empowers its members to achieve their financial goals and improve their overall financial wellbeing. As of December 31, 2022, the Credit Union had made a total of 11,957 loans, with an impressive outstanding balance of $132,139,229.
Official website here: www.illiana.org
Who is the CEO of Illiana Financial Credit Union?
Jim Henmueller is the President/Ceo of Illiana Financial Credit Union. The CEO's salary of Illiana Financial Credit Union is $387,694 and their total compensation is $429,137.
Official website here: www.illiana.org
What is the revenue of Illiana Financial Credit Union?
Illiana Financial Credit Union's revenue in 2022 was $13,127,355.
Official website here: www.illiana.org
Who are the executives of Illiana Financial Credit Union and what are their salaries?
The average compensation at Illiana Financial Credit Union during 2022 was $49,687. There are 73 employees and 8 volunteers at Illiana Financial Credit Union.
Here are 12 key members and their salaries (Illiana Financial Credit Union's CEO's salary is $387,694 and their total compensation is $429,137):
- Jim Henmueller (President/Ceo)
- Leonard Boos (Chief Financial Officer)
- Angelica Zuniga (Chief Administration Officer)
- Jill Wilson (Chief Strategy Officer)
- Sonia Gomez (Chief Communications Officer)
- Russ Melby (Chairperson) [Trustee/Director]
- Bill Frank (Vice Chairperson) [Trustee/Director]
- Derrick Bay (Treasurer/Secretary) [Trustee/Director]
- Ed Paesel (Director)
- Kristi Peckham (Director)
- Dan Smits (Director)
- Russ Prekwas (Director)
Official website here: www.illiana.org
Where can I find the form 990 for Illiana Financial Credit Union?
The Illiana Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.illiana.org
Learn more at the official website: www.illiana.org
Mission Statement of Illiana Financial Credit Union
Illiana Financial Credit Union, a mutual benefit organization, is on a mission to serve its Illinois state-chartered membership. This credit union stands apart as it provides loans to its members and returns dividends on share deposits at competitive interest rates.
At the core of Illiana Financial Credit Union's operations lies its commitment to lending. The credit union extends financial assistance to its members, enabling them to meet their various financial needs. In doing so, it fosters financial growth and stability for its community.
Moreover, Illiana Financial Credit Union is dedicated to offering its members attractive returns on their savings. By paying dividends on share deposits, the credit union rewards its members for their financial contributions and mutual support. This mutually beneficial relationship is at the heart of Illiana Financial Credit Union's mission, as it allows members to access affordable credit and save for their futures.
As of December 31, 2022, Illiana Financial Credit Union had made and serviced a total of 11,957 loans, with an outstanding loan balance of over $132 million. This data underscores the credit union's commitment to meeting its members' financial needs and fostering financial growth within its community.
Impact
This information is meant to be a general summary of Illiana Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Illiana Financial Credit Union's impact lies in its commitment to providing financial services that benefit its members. By making and servicing loans to its members, Illiana Financial Credit Union plays a vital role in supporting individuals and families in achieving their financial goals. With a significant number of loans and an outstanding loan balance, the credit union has effectively contributed to the economic well-being of its members.
Moreover, by offering competitive rates of interest on share deposits and paying dividends to its members, Illiana Financial Credit Union actively works towards ensuring the financial health and stability of its member community. This approach aligns with its mission as an Illinois state-chartered credit union operated for the mutual benefit of its members.
Overall, Illiana Financial Credit Union's impact is evident in its efforts to provide essential financial services and support to its members, thus contributing to the overall prosperity of the community it serves.
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:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loans to members
Revenue
$6,683,327
Fees and services
Revenue
$1,631,928
Organization Details
Founding Year
1935
Phone
(708) 891-7805
Principal Officer
Jim Henmueller
Main Address
1600 Huntington Drive, Calumet City, IL, 60409
Website
www.illiana.org
NTEE Category
Code: W61 - Public benefit
If you are a representative of Illiana Financial 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.