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Streator Onized Credit Union

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

EIN: 362494471 ✦ Streator, IL ✦ Designated as a 501(c)(14)

Overview

What is Streator Onized Credit Union?

Streator Onized Credit Union is a financial institution based on enhancing the economic and social well-being of its members and communities. They achieve this goal by offering quality financial services, including taking in deposits for 3504 new savings accounts and providing 69 real estate loans to their members. Their mission is dedicated to improving the livelihoods of their members and community through financial assistance and services.


Official website here: www.socu.org

Is Streator Onized Credit Union legitimate?

Streator Onized Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Streator Onized 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: $808,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,053,136

For more financial information, click here


Official website here: www.socu.org

What is the mission statement of Streator Onized Credit Union?

Streator Onized Credit Union is dedicated to improving the economic and social well-being of its members and the communities it serves. Through the provision of high-quality financial services, it aims to enhance members' financial capabilities and contribute positively to the communities. The credit union's activities include accepting deposits for new savings accounts and granting real estate loans to members. By focusing on financial services that benefit both individuals and communities, Streator Onized Credit Union fosters financial growth and stability.


Official website here: www.socu.org

Who is the CEO of Streator Onized Credit Union?

Douglas Patterson is the Ceo of Streator Onized Credit Union. The CEO's salary of Streator Onized Credit Union is $181,802 and their total compensation is $216,926.


Official website here: www.socu.org

What is the revenue of Streator Onized Credit Union?

Streator Onized Credit Union's revenue in 2022 was $23,425,097.


Official website here: www.socu.org

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

The average compensation at Streator Onized Credit Union during 2022 was $39,343. There are 149 employees and 7 volunteers at Streator Onized Credit Union.

Here are 12 key members and their salaries (Streator Onized Credit Union's CEO's salary is $181,802 and their total compensation is $216,926):

    Douglas Patterson (Ceo)
  • Compensation: $181,802
  • Related: $0
  • Other: $35,124

    • Angela Kusnerick (Coo)
  • Compensation: $129,390
  • Related: $0
  • Other: $24,980

    • Mandi Gillman (Clo)
  • Compensation: $135,136
  • Related: $0
  • Other: $19,085

    • Andrew Threagill (Cio)
  • Compensation: $112,559
  • Related: $0
  • Other: $29,240

    • Cheryl Davis (Cfo)
  • Compensation: $129,572
  • Related: $0
  • Other: $12,054

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

    • Tony Miles (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

    • Nathan Darrow (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Bulthuis (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.socu.org

    Where can I find the form 990 for Streator Onized Credit Union?

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


    Official website here: www.socu.org

    Learn more at the official website: www.socu.org

    Mission Statement of Streator Onized Credit Union

    Streator Onized Credit Union, a prominent financial institution, is dedicated to enhancing the economic and social well-being of its members and communities. Through its mission, the Credit Union goes beyond offering standard financial services, aiming to make a positive impact on the lives of those it serves.

    The Credit Union's commitment to quality is evident in its programs, which not only receive deposits on new savings accounts but also facilitate 69 real estate loans for its members. These financial tools enable individuals to build a strong financial foundation, ultimately contributing to their overall well-being.

    By providing quality financial services, Streator Onized Credit Union sets itself apart as more than just a financial institution. It is a vital resource that empowers its members to make informed financial decisions and work towards a better future. The Credit Union's dedication to its mission ensures that it continues to be an essential partner in the economic growth and social development of the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    Streator Onized Credit Union's impact lies in its commitment to enhancing the economic and social well-being of its members and communities through quality financial services. By providing services such as real estate loans and accepting deposits for new accounts, the credit union plays a vital role in promoting financial stability and growth in Streator, Illinois. Its efforts contribute to the overall economic development and prosperity of the local area, benefiting individuals and businesses alike.





    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: $493,060
  • Program Service Revenue: $22,915,036
  • Gross Receipts: $24,041,930

    • Assets and Liabilities:
  • Total Assets: $335,438,347
  • Total Liabilities: $284,638,112
  • Net Assets: $50,800,235
  • Programs

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

    Loan Interest

    Revenue

    $16,640,542

    Fees and Charges

    Revenue

    $5,695,156

    Insurance and Charges

    Revenue

    $579,338

    Organization Details

    Founding Year

    1939

    Principal Officer

    Douglas Patterson

    Main Address

    912 N Shabbona, Streator, IL, 61364

    NTEE Category

    Code: W61 - Public benefit

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