Linn Area Credit Union

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

EIN: 420173285 ✦ Cedar rapids, IA ✦ Designated as a 501(c)(14)

Overview

What is Linn Area Credit Union?

Linn Area Credit Union, led by Jennifer Lorenz, is a state-chartered financial institution based in Cedar Rapids, Iowa. This credit union, with a strong community presence, provides essential financial services to its members. While it is not a nonprofit organization per se, it contributes significantly to the financial well-being of its clientele. The credit union's mission is to serve and support its members effectively, making it an integral part of the local economy.


Official website here: www.linnareacu.org

Is Linn Area Credit Union legitimate?

Linn Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Linn Area 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: $1,179,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,268,206

For more financial information, click here


Official website here: www.linnareacu.org

What is the mission statement of Linn Area Credit Union?

Linn Area Credit Union functions as a state-chartered financial institution, dedicated to providing essential services to its membership base. The organization, headquartered in Cedar Rapids, Iowa, focuses on delivering financial solutions to its members with commitment and expertise. Despite not providing an explicit mission statement, the credit union's activities center around catering to the financial needs of its members, ensuring their financial well-being and prosperity. Their operations are geared towards fostering financial security and promoting sustainable growth for each member. Together, the team at Linn Area Credit Union strives to create a supportive and inclusive financial environment, addressing the diverse needs of its membership base.


Official website here: www.linnareacu.org

Who is the CEO of Linn Area Credit Union?

Paula O'Rourke is the President/Ce of Linn Area Credit Union.


Official website here: www.linnareacu.org

What is the revenue of Linn Area Credit Union?

Linn Area Credit Union's revenue in 2022 was $28,754,492.


Official website here: www.linnareacu.org

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

The average compensation at Linn Area Credit Union during 2022 was $44,465. There are 145 employees and 9 volunteers at Linn Area Credit Union.

Here are 23 key members and their salaries:

    Paula O'Rourke (President/Ce)
  • Compensation: $414,013
  • Related: $0
  • Other: $58,205

    • Richard Head (Vp Of It)
  • Compensation: $233,466
  • Related: $0
  • Other: $18,179

    • Tracy Taylor (Sr Vp Of Len)
  • Compensation: $206,203
  • Related: $0
  • Other: $31,930

    • Daniel Limbert (Vp Of Retail)
  • Compensation: $183,638
  • Related: $0
  • Other: $24,319

    • Debra Salz-Steenblock (Vp Human Res)
  • Compensation: $158,031
  • Related: $0
  • Other: $15,881

    • Jacque Nelson-Bruns (Cfo)
  • Compensation: $156,356
  • Related: $0
  • Other: $13,519

    • Curt Gandy Ii (Vp Of Market)
  • Compensation: $140,035
  • Related: $0
  • Other: $19,279

    • Jennifer Lorenz (Consultant)
  • Compensation: $144,680
  • Related: $0
  • Other: $8,332

    • Kye Murphy (Dir Of Comm)
  • Compensation: $113,758
  • Related: $0
  • Other: $28,790

    • Blake Rodemeyer (Dir Of Info)
  • Compensation: $109,945
  • Related: $0
  • Other: $24,125

    • Timothy Larson (Dir Of Mortg)
  • Compensation: $114,699
  • Related: $0
  • Other: $19,328

    • Bev Long (Vp Finance)
  • Compensation: $113,014
  • Related: $0
  • Other: $11,538

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

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

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

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

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

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

    • Angela Glick-Martin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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

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


  • Official website here: www.linnareacu.org

    Where can I find the form 990 for Linn Area Credit Union?

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


    Official website here: www.linnareacu.org

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

    Mission Statement of Linn Area Credit Union

    Linn Area Credit Union, a state-chartered financial institution, is led by Jennifer Lorenz and dedicated to serving its members with various financial services. Based in Cedar Rapids, Iowa, this credit union operates with a mission to provide financial assistance and opportunities to its members. The institution prides itself on being a trusted financial partner, offering a range of services to help individuals manage and grow their finances.

    At the heart of Linn Area Credit Union's mission is its commitment to its members. By providing accessible financial services, the credit union empowers its members to take control of their financial futures. Through collaborative efforts with Jennifer Lorenz and her team, Linn Area Credit Union strives to create a strong and supportive financial community.

    Linn Area Credit Union's dedication extends beyond basic financial services. As a responsible financial institution, it offers its members a variety of resources to help them make informed decisions about their money. By fostering financial literacy and promoting financial well-being, Linn Area Credit Union plays a vital role in helping its members build a solid financial foundation. In this way, the credit union contributes to the overall financial health and stability of its members and the community at large.

    Impact

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




    Thursday, August 15, 2024

    Linn Area Credit Union is committed to making a positive impact on the financial well-being of its members in Cedar Rapids, Iowa, and the surrounding areas. By providing a range of financial services and programs tailored to meet the needs of the community, Linn Area Credit Union plays a significant role in supporting individuals and families in achieving their financial goals. Through its state chartered credit union status, Linn Area Credit Union strives to empower its members with the tools and resources necessary to build a strong financial future.





    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: $858,568
  • Program Service Revenue: $27,895,924
  • Gross Receipts: $28,754,492

    • Assets and Liabilities:
  • Total Assets: $621,025,958
  • Total Liabilities: $561,281,724
  • Net Assets: $59,744,234
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $21,951,594

    MISCELLANEOUS INCOME

    Revenue

    $3,635,777

    FEE INCOME

    Revenue

    $2,308,553

    Organization Details

    Founding Year

    1935

    Principal Officer

    Paula O'Rourke

    Main Address

    3015 BLAIRSFERRY RD NE, CEDAR RAPIDS, IA, 52402

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Linn Area 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.