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Employer Identification Number 37-0694528

GALE CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:GALE CREDIT UNION
Employer identification number (EIN):37-0694528
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration GALE CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROMOTE THRIFT AND TO PROVIDE THE HIGHEST QUALITY COMPETITIVE SERVICES AND BENEFITS TO ITS MEMBERS, WHILE ASSURING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
Number of Employees11
Number of Volunteers8
Year Formed1947

Organization Governance

Legal DomicileIL
Voting Members - Governing Body9
Voting Members - Independent8

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,146,940
Program Service Revenue from current yearUSD $ 1,245,882
Investment Income from prior yearUSD $ 238,148
Investment Income from current yearUSD $ 264,441
Other Revenue from prior yearUSD $ 228,733
Other Revenue from current yearUSD $ 102,708
Gross receipts from all sourcesUSD $ 1,613,031
Net assets / fund balances at end of fiscal yearUSD $ 4,871,854
Net assets / fund balances at beginning of fiscal yearUSD $ 4,489,207
Total liabilities at end of fiscal yearUSD $ 34,326,362
Total liabilities at beginning of fiscal yearUSD $ 31,026,641
Total assets at end of fiscal yearUSD $ 39,198,216
Total assets at beginning of fiscal yearUSD $ 35,515,848
Revenues less expenses for current yearUSD $ 382,647
Revenues less expenses for previous yearUSD $ 430,210
Total expenses for current yearUSD $ 1,230,384
Total expenses for previous yearUSD $ 1,183,611
Other expenses in current yearUSD $ 677,390
Other expenses in previous yearUSD $ 645,580
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 552,994
Employee salary and benefits paid in previous yearUSD $ 538,031
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,613,031
Total revenue in previous fiscal yearUSD $ 1,613,821
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 102,708
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,100,185
Program Service Revenue from current yearUSD $ 1,146,940
Investment Income from prior yearUSD $ 307,156
Investment Income from current yearUSD $ 238,148
Other Revenue from prior yearUSD $ 45,000
Other Revenue from current yearUSD $ 228,733
Gross receipts from all sourcesUSD $ 1,613,821
Net assets / fund balances at end of fiscal yearUSD $ 4,489,207
Net assets / fund balances at beginning of fiscal yearUSD $ 4,059,090
Total liabilities at end of fiscal yearUSD $ 31,026,641
Total liabilities at beginning of fiscal yearUSD $ 27,744,478
Total assets at end of fiscal yearUSD $ 35,515,848
Total assets at beginning of fiscal yearUSD $ 31,803,568
Revenues less expenses for current yearUSD $ 430,210
Revenues less expenses for previous yearUSD $ 332,829
Total expenses for current yearUSD $ 1,183,611
Total expenses for previous yearUSD $ 1,119,512
Other expenses in current yearUSD $ 645,580
Other expenses in previous yearUSD $ 621,704
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 538,031
Employee salary and benefits paid in previous yearUSD $ 497,808
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,613,821
Total revenue in previous fiscal yearUSD $ 1,452,341
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 228,733
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,036,868
Program Service Revenue from current yearUSD $ 1,100,185
Investment Income from prior yearUSD $ 296,126
Investment Income from current yearUSD $ 307,156
Other Revenue from current yearUSD $ 45,000
Gross receipts from all sourcesUSD $ 1,452,341
Net assets / fund balances at end of fiscal yearUSD $ 4,059,090
Net assets / fund balances at beginning of fiscal yearUSD $ 3,726,261
Total liabilities at end of fiscal yearUSD $ 27,744,478
Total liabilities at beginning of fiscal yearUSD $ 23,522,654
Total assets at end of fiscal yearUSD $ 31,803,568
Total assets at beginning of fiscal yearUSD $ 27,248,915
Revenues less expenses for current yearUSD $ 332,829
Revenues less expenses for previous yearUSD $ 280,029
Total expenses for current yearUSD $ 1,119,512
Total expenses for previous yearUSD $ 1,052,965
Other expenses in current yearUSD $ 621,704
Other expenses in previous yearUSD $ 602,181
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 6,183
Employee salary and benefits paid in current yearUSD $ 497,808
Employee salary and benefits paid in previous yearUSD $ 444,601
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,452,341
Total revenue in previous fiscal yearUSD $ 1,332,994
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 45,000
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,026,235
Program Service Revenue from current yearUSD $ 1,036,868
Investment Income from prior yearUSD $ 235,182
Investment Income from current yearUSD $ 296,126
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,332,994
Net assets / fund balances at end of fiscal yearUSD $ 3,726,261
Net assets / fund balances at beginning of fiscal yearUSD $ 3,446,232
Total liabilities at end of fiscal yearUSD $ 23,522,654
Total liabilities at beginning of fiscal yearUSD $ 22,412,927
Total assets at end of fiscal yearUSD $ 27,248,915
Total assets at beginning of fiscal yearUSD $ 25,859,159
Revenues less expenses for current yearUSD $ 280,029
Revenues less expenses for previous yearUSD $ 38,094
Total expenses for current yearUSD $ 1,052,965
Total expenses for previous yearUSD $ 1,223,323
Other expenses in current yearUSD $ 602,181
Other expenses in previous yearUSD $ 796,689
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 6,183
Employee salary and benefits paid in current yearUSD $ 444,601
Employee salary and benefits paid in previous yearUSD $ 426,634
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,332,994
Total revenue in previous fiscal yearUSD $ 1,261,417
Contributions and grants from current yearUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,147,757
Program Service Revenue from current yearUSD $ 1,026,235
Investment Income from prior yearUSD $ 181,558
Investment Income from current yearUSD $ 235,182
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,261,417
Net assets / fund balances at end of fiscal yearUSD $ 3,446,232
Net assets / fund balances at beginning of fiscal yearUSD $ 3,408,144
Total liabilities at end of fiscal yearUSD $ 22,412,927
Total liabilities at beginning of fiscal yearUSD $ 23,002,111
Total assets at end of fiscal yearUSD $ 25,859,159
Total assets at beginning of fiscal yearUSD $ 26,410,255
Revenues less expenses for current yearUSD $ 38,094
Revenues less expenses for previous yearUSD $ -356,122
Total expenses for current yearUSD $ 1,223,323
Total expenses for previous yearUSD $ 1,685,437
Other expenses in current yearUSD $ 796,689
Other expenses in previous yearUSD $ 1,287,735
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 426,634
Employee salary and benefits paid in previous yearUSD $ 397,702
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,261,417
Total revenue in previous fiscal yearUSD $ 1,329,315
Contributions and grants from current yearUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,056,309
Program Service Revenue from current yearUSD $ 1,147,757
Investment Income from prior yearUSD $ 186,509
Investment Income from current yearUSD $ 181,558
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,329,315
Net assets / fund balances at end of fiscal yearUSD $ 3,408,144
Net assets / fund balances at beginning of fiscal yearUSD $ 3,764,266
Total liabilities at end of fiscal yearUSD $ 23,002,111
Total liabilities at beginning of fiscal yearUSD $ 23,353,826
Total assets at end of fiscal yearUSD $ 26,410,255
Total assets at beginning of fiscal yearUSD $ 27,118,092
Revenues less expenses for current yearUSD $ -356,122
Revenues less expenses for previous yearUSD $ -222,219
Total expenses for current yearUSD $ 1,685,437
Total expenses for previous yearUSD $ 1,465,037
Other expenses in current yearUSD $ 1,287,735
Other expenses in previous yearUSD $ 1,062,463
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 397,702
Employee salary and benefits paid in previous yearUSD $ 402,574
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,329,315
Total revenue in previous fiscal yearUSD $ 1,242,818
Contributions and grants from current yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 902,885
Program Service Revenue from current yearUSD $ 1,056,309
Investment Income from prior yearUSD $ 183,924
Investment Income from current yearUSD $ 186,509
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,242,818
Net assets / fund balances at end of fiscal yearUSD $ 3,764,266
Net assets / fund balances at beginning of fiscal yearUSD $ 3,986,516
Total liabilities at end of fiscal yearUSD $ 23,353,826
Total liabilities at beginning of fiscal yearUSD $ 22,817,536
Total assets at end of fiscal yearUSD $ 27,118,092
Total assets at beginning of fiscal yearUSD $ 26,804,052
Revenues less expenses for current yearUSD $ -222,219
Revenues less expenses for previous yearUSD $ 105,813
Total expenses for current yearUSD $ 1,465,037
Total expenses for previous yearUSD $ 980,996
Other expenses in current yearUSD $ 1,062,463
Other expenses in previous yearUSD $ 594,019
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 402,574
Employee salary and benefits paid in previous yearUSD $ 386,977
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,242,818
Total revenue in previous fiscal yearUSD $ 1,086,809
Contributions and grants from current yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 370694528

USA Location Address
631 N HENDERSON ST
GALESBURG
IL
61401
Date first seen: 2007-01-01
Date last seen: 2024-01-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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