Overview
What is Credit Union 1?
Credit Union 1 is a member-owned financial institution based on the principle of improving economic well-being for its members. With a commitment to convenience and competitiveness, this nonprofit organization aims to promote growth and maintain long-term financial stability, ensuring the credit union remains a member-controlled entity. By offering a range of services tailored to its members, Credit Union 1 strives to empower and support the financial needs of its community.
Official website here: www.creditunion1.org
Is Credit Union 1 legitimate?
Credit Union 1 is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union 1 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: $2,904,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.creditunion1.org
What is the mission statement of Credit Union 1?
Credit Union 1 is a member-controlled financial institution committed to enhancing the economic well-being of its members. Through convenient and competitive services, the credit union aims to foster long-term financial stability while maintaining its member-owned status. By providing financial solutions tailored to members' needs, Credit Union 1 prioritizes their ongoing financial health and growth. As a cooperative, the credit union's mission is to put its members first, balancing their financial needs with the institution's sustainability.
Official website here: www.creditunion1.org
Who is the CEO of Credit Union 1?
Scott Mcdonald is the Director - Chair of Credit Union 1. The CEO's salary of Credit Union 1 is $693,135 and their total compensation is $749,035.
Official website here: www.creditunion1.org
What is the revenue of Credit Union 1?
Who are the executives of Credit Union 1 and what are their salaries?
The average compensation at Credit Union 1 during 2022 was $5,990. There are 485 employees and 8 volunteers at Credit Union 1.
Here are 14 key members and their salaries (Credit Union 1's CEO's salary is $693,135 and their total compensation is $749,035):
- Todd Gunderson (President/Ceo) [Trustee/Director]
- Paul Fichter (Evp, General Counsel & Chi)
- Scott Mcdonald (Evp, Chief Financial Offic)
- Jeff Rothmeyer (Evp, Chief Lending Officer)
- Michael Hirt (Svp, Chief Technology Offi)
- Kevin Allen (Svp, Chief Sales Officer)
- Robert Eberhardt (Director - Chair)
- Dan Long (Director)
- Kent Yager (Director)
- Thomas Wells Jr (Director - Secretary)
- Rex Tolliver (Director)
- Hallie Olsen (Director)
- Paul Simons (Director)
- Daniel Ricci (Director - Vice Chair)
Official website here: www.creditunion1.org
Where can I find the form 990 for Credit Union 1?
The Credit Union 1’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.creditunion1.org
Learn more at the official website: www.creditunion1.org
Mission Statement of Credit Union 1
Credit Union 1, a member-owned and controlled financial institution, is dedicated to providing convenient and competitive services to its members. This dedication is driven by a mission to improve the ongoing economic well-being of its members, while ensuring the growth and long-term financial stability of the credit union.
In simple terms, Credit Union 1 aims to enhance the financial lives of its members. By offering a range of services that cater to the needs of its members, the credit union positions itself as a valuable partner in their financial journeys. This commitment to improvement extends beyond the present, as the credit union also works towards promoting growth and maintaining its financial integrity.
The member-owned structure of Credit Union 1 sets it apart from traditional financial institutions. As a cooperative, the credit union operates with its members' best interests at heart. This member-centric approach allows the credit union to tailor its offerings and adapt to the unique financial needs of its community.
Through its mission, Credit Union 1 strives to provide more than just financial services. It seeks to create a positive impact on the lives of its members, enabling them to achieve their financial goals and improve their overall economic well-being. This mission is the driving force behind the credit union's commitment to offering convenient and competitive services.
Impact
This information is meant to be a general summary of Credit Union 1. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Union 1's impact lies in its dedication to providing convenient and competitive financial services to its members. By focusing on improving the ongoing economic well-being of its members, promoting growth, and maintaining long-term financial stability, Credit Union 1 plays a vital role in supporting the financial health and prosperity of individuals and communities. Through its member-owned and controlled structure, Credit Union 1 stands as a pillar of support for its members, contributing to their financial empowerment and security.
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
$47,263,470
Organization Details
Founding Year
1958
Phone
(800) 252-6950
Principal Officer
Scott Mcdonald
Main Address
200 E CHAMPAIGN AVE, RANTOUL, IL, 618662930
Website
www.creditunion1.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Credit Union 1 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.