White River Credit Union

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

EIN: 030182263 ✦ Rochester, VT ✦ Designated as a 501(c)(14)

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Overview

What is White River Credit Union?

White River Credit Union is a locally rooted financial institution situated in Rochester, Vermont. As a member-driven organization, it offers a range of savings and loan services to its community, currently serving over 4,100 individuals. The credit union's mission is to deliver diverse financial services to its members in a convenient and personal manner, ensuring long-term financial security and stability. Its operations are based at 96 N Main St PO Box 419, and it employs 14 dedicated professionals.


Official website here: www.whitercu.com

Is White River Credit Union legitimate?

White River Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. White River 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $129,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $558,066

For more financial information, click here


Official website here: www.whitercu.com

What is the mission statement of White River Credit Union?

White River Credit Union, as a member-owned financial institution, is committed to offering a range of financial services to its members in a convenient and personalized manner. The organization prioritizes long-term financial stability and safety in all its operations. White River Credit Union serves its 4,132 members, providing them with savings and lending products on a continuous basis. The aim is to ensure that members have easy access to financial services, while maintaining the credit union's financial health for the long term.


Official website here: www.whitercu.com

Who is the CEO of White River Credit Union?

Wanda H Dunham is the Principal Officer of White River Credit Union. The CEO's salary of White River Credit Union is $129,924 and their total compensation is $129,924.


Official website here: www.whitercu.com

What is the revenue of White River Credit Union?

White River Credit Union's revenue in 2022 was $2,078,194.


Official website here: www.whitercu.com

Who are the executives of White River Credit Union and what are their salaries?

The average compensation at White River Credit Union during 2022 was $49,142. There are 14 employees and 10 volunteers at White River Credit Union.


Here are 8 key members and their salaries (White River Credit Union's CEO's salary is $129,924 and their total compensation is $129,924):


Wanda Dunham (Ceo)
  • Compensation: $129,924
  • Related: $0
  • Other: $0
Andrew West (Vice Chairperson, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Harvey (Chairperson, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Shepard (Treasurer, Board Or Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Priscilla Baker (Secretary, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonni Spaulding (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faye Severy (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Floyd Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.whitercu.com

Where can I find the form 990 for White River Credit Union?

White River Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.whitercu.com

Learn more at the official website: www.whitercu.com

Mission Statement of White River Credit Union

White River Credit Union, a member-owned financial institution, is committed to delivering a diverse range of financial services to its members in a convenient and personal manner. The organization's primary goal is to ensure long-term financial stability, while maintaining this personalized approach. By doing so, White River Credit Union seeks to provide its members with the necessary financial tools to manage their finances effectively. The credit union serves a community of 4,132 members, continually striving to meet their financial needs in a reliable and sustainable manner.

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Impact




October, 2024

White River Credit Union significantly impacts its community by offering a range of financial services tailored to meet the needs of its 4,132 members. As a member-owned financial institution, it focuses on providing personalized banking solutions that contribute to the financial well-being of its members. By prioritizing long-term financial safety and stability, the credit union fosters trust and security within the community. Its emphasis on savings and lending products enables members to achieve their financial goals, whether it's building savings, purchasing a home, or investing in education. This approach not only supports individual financial growth but also strengthens the local economy, creating a more resilient and connected community in Rochester, VT.




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


Financials

This financial information is from Propublica.

Revenue
$2,078,194 (2022)
Expenses
$1,857,104 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $166,176
  • Program Service Revenue: $1,914,779
  • Gross Receipts: $2,171,455

Assets and Liabilities:

  • Total Assets: $51,325,995
  • Total Liabilities: $47,758,024
  • Net Assets: $3,567,971

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Programs

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

Interest from Loans

Revenue

$1,429,235

Program Service Fees

Revenue

$454,727

Loan Related Insurance Products

Revenue

$30,817

Organization Details

Founding Year

1947

Principal Officer

Wanda H Dunham

Main Address

96 N Main St PO Box 419, ROCHESTER, VT, 057670419

NTEE Category

Code: W60 - Public benefit

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