Abri Credit Union

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

EIN: 362146035 ✦ Romeoville, IL ✦ Designated as a 501(c)(14)

Overview

What is Abri Credit Union?

Abri Credit Union, a not-for-profit financial cooperative based in Romeoville, Illinois (60446), offers essential financial services to over 27,000 members. With a team of 133 employees, they have maintained 47,463 deposit accounts and granted 20,991 consumer and real estate loans. Abri Credit Union's mission is to help members in DuPage, Will, and portions of Cook County succeed financially. Their full-service offerings include providing loans and managing deposits for the benefit of their members.


Official website here: www.abricu.com

Is Abri Credit Union legitimate?

Abri Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Abri 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: $735,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,068,145

For more financial information, click here


Official website here: www.abricu.com

What is the mission statement of Abri Credit Union?

Abri Credit Union functions as a not-for-profit financial cooperative, dedicated to helping its members thrive financially. The cooperative's primary goal is to serve residents and businesses in DuPage, Will, and portions of Cook County. By offering a comprehensive range of financial services, Abri Credit Union aims to contribute to the financial success of its members. The cooperative provided financial assistance to 27,040 members, approved 20,991 loans for consumers and real estate, and managed 47,463 deposit accounts on their behalf.


Official website here: www.abricu.com

Who is the CEO of Abri Credit Union?

Brian Cedergren is the Chairman of Abri Credit Union. The CEO's salary of Abri Credit Union is $350,934 and their total compensation is $450,928.


Official website here: www.abricu.com

What is the revenue of Abri Credit Union?

Abri Credit Union's revenue in 2022 was $19,117,577.


Official website here: www.abricu.com

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

The average compensation at Abri Credit Union during 2022 was $43,635. There are 133 employees and 9 volunteers at Abri Credit Union.

Here are 16 key members and their salaries (Abri Credit Union's CEO's salary is $350,934 and their total compensation is $450,928):

    Brian Cedergren (President/Ceo)
  • Compensation: $350,934
  • Related: $0
  • Other: $99,994

    • Patricia Locke (Evp/Coo)
  • Compensation: $243,575
  • Related: $0
  • Other: $40,768

    • Colleen Brooks (Svp Administration)
  • Compensation: $159,628
  • Related: $0
  • Other: $41,957

    • Kimberly Nichols (Svp Member Experience)
  • Compensation: $138,163
  • Related: $0
  • Other: $38,028

    • Jamie Hogue (Svp Lending)
  • Compensation: $127,831
  • Related: $0
  • Other: $39,180

    • Sarah Kiser (Vp Accounting/Card Service)
  • Compensation: $112,739
  • Related: $0
  • Other: $35,855

    • James Evans (Vp It/Facilities)
  • Compensation: $115,392
  • Related: $0
  • Other: $24,551

    • Maryann Egizio (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Vroman (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bradford Stacy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Krok (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Branshaw (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daryl Keene (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Mcginnis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Schikora (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Miller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.abricu.com

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

    The Abri Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.abricu.com

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

    Mission Statement of Abri Credit Union

    Abri Credit Union, a not-for-profit financial cooperative, is dedicated to helping its members thrive financially. With a mission to serve residents and businesses in DuPage, Will, and portions of Cook County, this full-service organization goes above and beyond to support its members.

    At the heart of Abri Credit Union's mission lies a commitment to financial success. By offering a comprehensive range of financial services, the Union empowers its members to make informed decisions and take control of their financial futures. With this goal in mind, the Union has provided services to over 27,000 members and facilitated 20,991 consumer and real estate loans. The cooperative also maintains deposits for the benefit of its members, numbering 47,463.

    Abri Credit Union's dedication to its members extends beyond basic financial services. By functioning as a cooperative, the Union puts its members first and fosters a sense of community. Through this collaborative approach, members have access to tailored financial solutions and a supportive network. In this way, Abri Credit Union is more than just a financial institution; it's a partner in its members' financial journeys.

    Impact

    This information is meant to be a general summary of Abri Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Abri Credit Union's impact is significant, as it provides essential financial services to over 27,000 members. Through its 20,991 consumer and real estate loans, Abri Credit Union plays a crucial role in supporting individuals and businesses in Dupage, Will, and portions of Cook County. Moreover, the maintenance of 47,463 deposit accounts demonstrates the institution's commitment to the financial well-being of its members. Abri Credit Union's presence in the community helps foster financial stability and growth for its members/owners.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,969,710
  • Program Service Revenue: $17,147,867
  • Gross Receipts: $19,117,577

    • Assets and Liabilities:
  • Total Assets: $395,936,429
  • Total Liabilities: $365,219,119
  • Net Assets: $30,717,310
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST INCOME ON LOANS

    Revenue

    $9,563,475

    SERVICE FEES

    Revenue

    $2,853,752

    CORP. STABILIZATION REFUND

    Revenue

    $1,716,800

    GAIN ON SALE OF VISA STOCK

    Revenue

    $1,712,195

    VISA INCOME

    Revenue

    $587,033

    Organization Details

    Founding Year

    1949

    Principal Officer

    Brian Cedergren

    Main Address

    1350 W RENWICK ROAD, ROMEOVILLE, IL, 60446

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Abri 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.