Overview
What is Consumers Cooperative Credit Union?
Consumers Cooperative Credit Union is a member-owned financial institution based in Gurnee, Illinois, with over 201,861 members. Established in 1930, the credit union offers lower loan rates, higher savings rates, and reduced fees to help its members attain financial success. The credit union issued a total of 33,261 loans amounting to $1,120,619,945, encompassing various loan categories such as first mortgages, commercial loans, HE and HELOC loans, and consumer loans. Their outstanding loan portfolio totals $2,946,587,419. Consumers CU's mission is to serve as a trusted financial partner for its members, empowering them to live better lives.
Official website here: www.myconsumers.org
Is Consumers Cooperative Credit Union legitimate?
Consumers Cooperative Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Consumers Cooperative 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: $5,184,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,767,568
For more financial information, click here
Official website here: www.myconsumers.org
What is the mission statement of Consumers Cooperative Credit Union?
Consumers Cooperative Credit Union's mission is geared towards acting as a trusted financial partner for its members. Since its establishment in 1930, the credit union has grown to serve over 200,000 members. It offers its members various financial services, including lower loan rates, higher savings rates, and lower fees, to help them achieve financial success. The credit union's mission is to empower its members to improve their lives through reliable financial assistance. It has issued numerous loans worth millions of dollars to its members for different purposes such as mortgages, commercial loans, home equity loans, and various consumer loans. The credit union's services totaled over $2.9 billion in loans in 2021.
Official website here: www.myconsumers.org
Who is the CEO of Consumers Cooperative Credit Union?
Sean Rathjen is the Ceo of Consumers Cooperative Credit Union. The CEO's salary of Consumers Cooperative Credit Union is $1,679,799 and their total compensation is $1,705,753.
Official website here: www.myconsumers.org
What is the revenue of Consumers Cooperative Credit Union?
Consumers Cooperative Credit Union's revenue in 2022 was $171,749,526.
Official website here: www.myconsumers.org
Who are the executives of Consumers Cooperative Credit Union and what are their salaries?
The average compensation at Consumers Cooperative Credit Union during 2022 was $72,052. There are 610 employees and 18 volunteers at Consumers Cooperative Credit Union.
Here are 32 key members and their salaries (Consumers Cooperative Credit Union's CEO's salary is $1,679,799 and their total compensation is $1,705,753):
- Sean Rathjen (Ceo)
- Michael Murphy (President)
- Dan Nerroth (Cio)
- Sean Bowers (Cfo)
- Dave Valentine (Chief Experience Officer)
- John Pawlowski (Vp Accounting)
- Robin Korom (Clo)
- Cheryl Kubas (Cpo)
- Maryfran Callahan (Cro)
- Adam Saper (Clo)
- Christine Stotland (Vp Retail Sales & Service)
- Matt Hancock (Vp Commercial)
- Todd Woodson (Vp Pmo)
- Michael Cubelic (Vp Loans)
- Scott Drabicki (Board Of Director - Chairperson)
- John Fiore (Board Of Director - Vice Chairperson)
- Frank Soyka (Board Of Director - Treasurer)
- Denise Charts (Board Of Director - Secretary)
- Spiro Giotis (Board Of Director)
- Kenneth Robinson (Board Of Director - Supervisory Committee Chairperson)
- John Janezic (Board Of Director)
- Francine Frankie Masi (Board Of Director)
- Lucilia Rios (Board Of Director)
- Spirdoula Mavrothalastis (Board Of Director)
- Bob Hubberts (Board Of Director)
- Saba Shibberu (Board Of Director)
- Demar Harris (Board Of Director)
- James Mahnich Sr (Associate Director)
- George Abraham (Associate Director)
- Derek Christopher (Associate Director)
- David Weisman (Associate Director)
- Leslee Johnson (Nomination Committee) [Trustee/Director]
Official website here: www.myconsumers.org
Where can I find the form 990 for Consumers Cooperative Credit Union?
The Consumers Cooperative Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.myconsumers.org
Learn more at the official website: www.myconsumers.org
Mission Statement of Consumers Cooperative Credit Union
Consumers Cooperative Credit Union, established in 1930, is a member-owned financial institution that empowers its 201,861 members to live better lives. The credit union's mission goes beyond offering financial services; it aims to be a trusted partner that helps its members succeed financially.
Through its commitment to its members, Consumers CU has issued over 33,000 loans, totaling nearly $1.2 billion. These loans cater to various financial needs, including first mortgages, commercial loans, home equity and home equity lines of credit (HELOC), and consumer loans. The credit union's portfolio consists of over $2.9 billion in total loans, with some loans sold to financial institutions like Fannie Mae, Federal Home Loan Bank - Chicago, Freddie Mac, and indirect and commercial participations.
Consumers Cooperative Credit Union's dedication to its members extends beyond lending services. By providing lower loan rates, higher savings rates, and lower fees, the credit union creates opportunities for its members to improve their financial well-being. In essence, the credit union is not just a financial institution; it is a partner in its members' journey towards financial success.
Impact
This information is meant to be a general summary of Consumers Cooperative Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Consumers Cooperative Credit Union has a significant impact on its 201,861 members by providing lower loan rates, higher savings rates, and other financial services to help them achieve their financial success. In 2020 alone, Consumers Cooperative Credit Union issued over $2.9 billion in loans to its members. This includes a variety of loans such as first mortgage loans, commercial loans, HELOC loans, and consumer loans, totaling over $1.1 billion. By offering these financial services, Consumers Cooperative Credit Union plays a crucial role in empowering its members to live better lives and secure their financial futures.
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.
Loan Income
Revenue
$106,339,011
Visa & Debit Card Interchange Income
Revenue
$14,236,518
Debt Cancellation
Revenue
$3,034,973
Mortgage Operations
Revenue
$4,962,448
Service Chage/Other Income
Revenue
$21,233,991
Organization Details
Founding Year
1930
Phone
(847) 265-5520
Principal Officer
Sean Rathjen
Main Address
1075 Tri-State Pkwy Suite 850, Gurnee, IL, 60031
Website
www.myconsumers.org
NTEE Category
Code: W60 - Public benefit
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