Elgin Mental Health Center Credit Union

Organization Overview

Elgin Mental Health Center Credit Union is located in Elgin, IL. As of 12/2017, Elgin Mental Health Center Credit Union employed 3 individuals. Elgin Mental Health Center Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2017, Elgin Mental Health Center Credit Union generated $251.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $253.6k during the year ending 12/2017. While expenses have increased by 3.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT UNION MAKES AND SERVICES CONSUMER LOANS TO ITS MEMBERS. THE NUMBER OF CONSUMER LOANS OUTSTANDING AT 12/31/17 WAS 351 FOR A TOTAL OF $1,311,453.


CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/17 IS 1,289 FOR A TOTAL OF $4,601,502.


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Board, Officers & Key Employees

Name (title)Compensation
Betty Newhouse
Chair
$0
Keith Mctyer
Vice-Chair
$0
Ben Newhouse
Treasurer
$0
Tina Sheffield
Secretary
$0
Ludovice Barber
Director
$0
Thomas Giomi
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$189,442
Investment income $55,803
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $251,852

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