Land Of Lincoln Credit Union

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

EIN: 370643547 ✦ Decatur, IL ✦ Designated as a 501(c)(14)

Overview

What is Land Of Lincoln Credit Union?

Land of Lincoln Credit Union is a member-focused financial institution dedicated to helping its 34,055 members reach financial success. Through their range of offerings, including savings programs and consumer loans, the credit union empowers individuals to make informed financial decisions. With 6,660 loans granted, the institution has positively impacted the lives of many, enabling them to improve their financial well-being. The mission of Land of Lincoln Credit Union remains unwavering: to provide education and essential services, ensuring each member can thrive financially.


Official website here: www.llcu.org

Is Land Of Lincoln Credit Union legitimate?

Land Of Lincoln Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Land Of Lincoln 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: $647,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,040,492

For more financial information, click here


Official website here: www.llcu.org

What is the mission statement of Land Of Lincoln Credit Union?

Land of Lincoln Credit Union is committed to helping its members attain financial success. Through the provision of education and various services, this credit union aims to empower its members to make informed financial decisions and build a secure financial future. With over 34,000 members benefiting from its offerings, the credit union has delivered on its promise of financial empowerment. Its portfolio includes a variety of savings vehicles and financial services that cater to the diverse needs of its membership base. Furthermore, the credit union has facilitated over 6,000 consumer loans, demonstrating its dedication to supporting its members' financial goals.


Official website here: www.llcu.org

Who is the CEO of Land Of Lincoln Credit Union?

Robert Ares is the President/Ceo of Land Of Lincoln Credit Union. The CEO's salary of Land Of Lincoln Credit Union is $258,804 and their total compensation is $291,445.


Official website here: www.llcu.org

What is the revenue of Land Of Lincoln Credit Union?

Land Of Lincoln Credit Union's revenue in 2022 was $22,450,497.


Official website here: www.llcu.org

Who are the executives of Land Of Lincoln Credit Union and what are their salaries?

The average compensation at Land Of Lincoln Credit Union during 2022 was $37,998. There are 176 employees and 11 volunteers at Land Of Lincoln Credit Union.

Here are 16 key members and their salaries (Land Of Lincoln Credit Union's CEO's salary is $258,804 and their total compensation is $291,445):

    Robert Ares (President/Ceo)
  • Compensation: $258,804
  • Related: $0
  • Other: $32,641

    • Beverly Davis (Coo)
  • Compensation: $184,895
  • Related: $0
  • Other: $13,857

    • Ben Austin (Cio)
  • Compensation: $159,871
  • Related: $0
  • Other: $24,418

    • Howard Martin (Clo)
  • Compensation: $154,542
  • Related: $0
  • Other: $10,113

    • Chris Smith (Cfo)
  • Compensation: $122,572
  • Related: $0
  • Other: $34,347

    • Calyla Hittmeier (Cmo)
  • Compensation: $101,493
  • Related: $0
  • Other: $22,137

    • Todd Hogan (Facilities Manager/Security Officer)
  • Compensation: $106,720
  • Related: $0
  • Other: $14,990

    • Tony Brown (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Venter (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Landon Page (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ruth Waller (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

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

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


  • Official website here: www.llcu.org

    Where can I find the form 990 for Land Of Lincoln Credit Union?

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


    Official website here: www.llcu.org

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

    Mission Statement of Land Of Lincoln Credit Union

    Land of Lincoln Credit Union is dedicated to helping its members attain financial success. This mission is embodied in the organization's daily operations and offerings. By providing education and services, Land of Lincoln Credit Union empowers its members to make informed financial decisions and build a solid financial foundation.

    The credit union offers a variety of programs designed to cater to the diverse financial needs of its 34,055 members. These include savings vehicles and an array of financial services. Through these offerings, members are equipped with the tools and resources necessary to achieve their financial goals.

    Land of Lincoln Credit Union's impact can be seen in the number of consumer loans it has provided to its members – a total of 6,660. These loans serve as stepping stones for individuals looking to invest in their future, purchase homes, or cover unexpected expenses. The credit union's commitment to financial success extends beyond just loans, as it also focuses on educating its members about various financial topics and offering guidance whenever needed.

    In summary, Land of Lincoln Credit Union is a financial institution that puts the needs and success of its members at the forefront. By providing education and services, it empowers individuals to make informed financial decisions and take control of their financial futures.

    Impact

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




    Thursday, August 15, 2024

    Land Of Lincoln Credit Union's impact can be seen through its commitment to providing education and services to its members, enabling them to achieve financial success. With a focus on offering various programs such as savings vehicles and consumer loans, Land Of Lincoln Credit Union has positively impacted the financial well-being of its 34,055 members in Decatur, IL. Through its mission of empowering members to achieve financial success, Land Of Lincoln Credit Union has played a crucial role in supporting the economic stability and growth of its community.





    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: $1,652,345
  • Program Service Revenue: $20,713,492
  • Gross Receipts: $22,500,794

    • Assets and Liabilities:
  • Total Assets: $380,839,730
  • Total Liabilities: $351,108,159
  • Net Assets: $29,731,571
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $11,061,090

    FEE INCOME

    Revenue

    $4,253,968

    INTERCHANGE INCOME

    Revenue

    $3,079,832

    INSURANCE INCOME

    Revenue

    $1,281,305

    Organization Details

    Founding Year

    1947

    Principal Officer

    Robert Ares

    Main Address

    1435 N WATER ST, DECATUR, IL, 62526

    NTEE Category

    Code: W60 - Public benefit

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