Overview
What is Numark Credit Union?
Numark Credit Union is a financial cooperative based in Joliet, Illinois, with a PO Box address at 604342729. Their primary goal is to encourage savings among their members and offer them affordable credit when needed. With a team of 198 employees, they provide various loan options, including those for real estate, credit cards, vehicles, and other purposes. At the end of 2022, they had 71,440 active loans outstanding. The credit union's mission is to enable its members to improve their economic and social conditions by allowing them to save and borrow their own money.
Official website here: www.numarkcu.org
Is Numark Credit Union legitimate?
Numark Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Numark 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: $1,705,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,737,263
For more financial information, click here
Official website here: www.numarkcu.org
What is the mission statement of Numark Credit Union?
Numark Credit Union's mission is geared towards encouraging thrift among its members, creating a reliable source of credit with reasonable interest rates, and providing a platform for members to manage and utilize their own money to enhance their economic and social conditions. The credit union offers various types of loans, including real estate, credit card, vehicle, and others, to help members achieve their financial goals. As of December 31, 2022, there were 71,440 outstanding loans.
Official website here: www.numarkcu.org
Who is the CEO of Numark Credit Union?
Lloyd Fredendall is the Director of Numark Credit Union. The CEO's salary of Numark Credit Union is $884,503 and their total compensation is $935,925.
Official website here: www.numarkcu.org
What is the revenue of Numark Credit Union?
Who are the executives of Numark Credit Union and what are their salaries?
The average compensation at Numark Credit Union during 2022 was $42,639. There are 198 employees and 10 volunteers at Numark Credit Union.
Here are 15 key members and their salaries (Numark Credit Union's CEO's salary is $884,503 and their total compensation is $935,925):
- Lloyd Fredendall (President/Ceo)
- Michelle Balog (Evp)
- Bernard Niewoehner (Evp)
- Steve Clark (Clo)
- Debbie Reed (Cfo)
- Wally Chlipala (Director)
- Dave Harris (Director)
- Clifford Struthers (Chairperson) [Trustee/Director]
- Raymond Eich (Secretary) [Trustee/Director]
- Steven Magruder (Director)
- Jim Broz (Treasurer) [Trustee/Director]
- George Fiegle (Director)
- Dennis Hughes (Director)
- Joe Joseph (Vice Chairperson) [Trustee/Director]
- Greg Zilinsky (Director)
Official website here: www.numarkcu.org
Where can I find the form 990 for Numark Credit Union?
The Numark Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.numarkcu.org
Learn more at the official website: www.numarkcu.org
Mission Statement of Numark Credit Union
Numark Credit Union, a member-driven financial institution, is committed to encouraging thrift among its members and offering them a reliable source of credit with reasonable interest rates. By doing so, the credit union empowers its members to take control of their money and improve their economic and social conditions. With a robust portfolio of loans, including real estate, credit card, vehicle, and other types, Numark Credit Union caters to the diverse financial needs of its members.
At the heart of Numark Credit Union's mission lies its dedication to promoting thrift and financial responsibility. By providing a platform that encourages saving and offers affordable borrowing opportunities, the credit union sets its members on the path to financial security and stability. The number of loans outstanding at the end of 2022 stood at 71,440, a testament to the credit union's impact on its membership base.
In summary, Numark Credit Union plays a crucial role in the financial lives of its members by offering a range of loan products at reasonable rates, thereby enabling them to save, borrow, and ultimately improve their economic conditions. Through its member-centric approach, the credit union fosters a culture of financial responsibility and empowers individuals to take control of their financial future.
Impact
This information is meant to be a general summary of Numark Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Numark Credit Union's impact can be seen in its commitment to encouraging thrift among its members and providing them with access to credit at reasonable interest rates. By offering various types of loans, such as real estate, credit card, and vehicle loans, Numark Credit Union plays a significant role in supporting its members' financial needs and aspirations. With over 71,000 loans outstanding as of the end of 2022, the credit union is actively contributing to improving the economic well-being of its community in Joliet, IL.
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 INTEREST
Revenue
$20,045,946
FEES AND CHARGES
Revenue
$10,112,061
OTHER INCOME
Revenue
$2,253,087
GAIN ON SALE OF MORTGAGES
Revenue
$223,621
Organization Details
Founding Year
1954
Phone
(815) 729-3211
Principal Officer
Lloyd Fredendall
Main Address
PO BOX 2729, JOLIET, IL, 604342729
Website
www.numarkcu.org
NTEE Category
Code: W61 - Public benefit
If you are a representative of Numark 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.