Overview

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Est.

1942

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Rockford Municipal Employees Credit Union (EIN: 36-6110489) is dedicated to assisting its members in managing their financial well-being by offering loans, savings accounts, and other financial services in a friendly and professional manner. With an operating budget of $817.3K and total revenue of $1M for the filing year 2024, the organization relies heavily on a single funder, which contributes approximately 65% of its revenue. More information about their services can be found on their website, RMECU.NET.

Mission Statement

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY PROFESSIONAL MANNER.
Revenues
$1M
Expenses
$817.3K
Net Income:
+$195.8K
Assets
$22.5M
Liabilities
$19.2M
Net Assets:
+$3.2M
Operating Budget
$817.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
J
Jody Mernack
Board Member
C
Charles Doyle
Board Member
D
David Said
Board Member

Frequently Asked Questions

What is ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION’s budget?
In 2024, ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION reported an annual operating budget of around $817 thousand. More detailed financial information is available to registered users.
What causes does ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION support?
ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION supports work in Credit unions.
Where does ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION operate?
ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION is headquartered in ROCKFORD, IL.
Who funded ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION recently?
In 2024, ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION received grants from ILLINOIS CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION received in 2024?
The largest grant to ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION in 2024 exceeds $10 thousand.