Trumark Financial Credit Union

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

EIN: 231357086 ✦ Fort washington, PA ✦ Designated as a 501(c)(14)

Overview

What is Trumark Financial Credit Union?

Trumark Financial Credit Union, a financial institution located in Fort Washington, PA, serves its members by encouraging savings and offering affordable credit. This nonprofit organization provides essential financial services, enabling its members to effectively manage their finances. By fostering thrift and creating a reliable source of credit at reasonable rates, Trumark Financial Credit Union fulfills a vital role in the community.


Official website here: www.trumarkonline.org

Is Trumark Financial Credit Union legitimate?

Trumark Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Trumark Financial 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: $4,713,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,925,753

For more financial information, click here


Official website here: www.trumarkonline.org

What is the mission statement of Trumark Financial Credit Union?

Trumark Financial Credit Union is dedicated to encouraging savings among its members and serving as a reliable source of affordable credit. The credit union's mission allows members to access various financial services. Trumark Financial Credit Union focuses on promoting financial responsibility and providing reasonable borrowing options for its members. By fostering thrift and offering credit at advantageous rates, the credit union enables its members to effectively manage their financial resources.


Official website here: www.trumarkonline.org

Who is the CEO of Trumark Financial Credit Union?

Kelly Botti is the Principal Officer of Trumark Financial Credit Union. The CEO's salary of Trumark Financial Credit Union is $553,753 and their total compensation is $607,604.


Official website here: www.trumarkonline.org

What is the revenue of Trumark Financial Credit Union?

Trumark Financial Credit Union's revenue in 2022 was $116,734,544.


Official website here: www.trumarkonline.org

Who are the executives of Trumark Financial Credit Union and what are their salaries?

The average compensation at Trumark Financial Credit Union during 2022 was $68,569. There are 476 employees and 16 volunteers at Trumark Financial Credit Union.

Here are 24 key members and their salaries (Trumark Financial Credit Union's CEO's salary is $553,753 and their total compensation is $607,604):

    Richard F Stipa (Ceo (Ending 7/31/2022))
  • Compensation: $1,198,693
  • Related: $0
  • Other: $40,094

    • Vincent J Market (Evp)
  • Compensation: $783,532
  • Related: $0
  • Other: $270,271

    • Kelly M Botti (Ceo (Beginning 8/1/2022))
  • Compensation: $553,753
  • Related: $0
  • Other: $53,851

    • Patrick O'Halloran (Svp)
  • Compensation: $366,211
  • Related: $0
  • Other: $53,851

    • Steven Olson (Svp)
  • Compensation: $375,616
  • Related: $0
  • Other: $28,196

    • Karen Sweeney (Svp)
  • Compensation: $352,448
  • Related: $0
  • Other: $28,196

    • Elizabeth Kaspern (Svp)
  • Compensation: $353,106
  • Related: $0
  • Other: $26,849

    • Gerard Devita (1St Vp)
  • Compensation: $297,933
  • Related: $0
  • Other: $26,743

    • Steven Ross (Avp)
  • Compensation: $229,364
  • Related: $0
  • Other: $26,207

    • Tuan Le (Avp)
  • Compensation: $242,607
  • Related: $0
  • Other: $12,124

    • Marianne Drumm (Svp)
  • Compensation: $230,435
  • Related: $0
  • Other: $11,439

    • Benjamin Fetterman (1St Vp)
  • Compensation: $207,781
  • Related: $0
  • Other: $17,833

    • Wayne J Goodwin (Treasurer) [Trustee/Director]
  • Compensation: $48,850
  • Related: $0
  • Other: $0

    • James Debow (Director)
  • Compensation: $39,792
  • Related: $0
  • Other: $69

    • David A Rufibach (Director)
  • Compensation: $37,936
  • Related: $0
  • Other: $0

    • Kathleen L Wells (Director)
  • Compensation: $36,968
  • Related: $0
  • Other: $0

    • Leonard V Doughty Iii (President) [Trustee/Director]
  • Compensation: $36,815
  • Related: $0
  • Other: $59

    • R Terence Brunt (Secretary) [Trustee/Director]
  • Compensation: $36,485
  • Related: $0
  • Other: $59

    • Daniel Dillard (Director)
  • Compensation: $36,232
  • Related: $0
  • Other: $0

    • Suzette E Adams (Director)
  • Compensation: $35,949
  • Related: $0
  • Other: $0

    • Hugh T Bray (Vice President) [Trustee/Director]
  • Compensation: $31,800
  • Related: $0
  • Other: $0

    • Joseph J Bily (Director)
  • Compensation: $31,493
  • Related: $0
  • Other: $0

    • Joseph Ciaranca (Director)
  • Compensation: $30,633
  • Related: $0
  • Other: $0

    • Richard F Stipa (Associate Director (Beginning 8/1/2022))
  • Compensation: $16,329
  • Related: $0
  • Other: $0


  • Official website here: www.trumarkonline.org

    Where can I find the form 990 for Trumark Financial Credit Union?

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


    Official website here: www.trumarkonline.org

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

    Mission Statement of Trumark Financial Credit Union

    Trumark Financial Credit Union is an financial institution dedicated to encouraging savings among its members. By doing so, it functions as a reliable source of credit for its members, offering loans at reasonable interest rates. The credit union provides essential financial services, empowering individuals to effectively manage their finances.

    Trumark Financial Credit Union's primary goal is to promote thrift, which is the practice of saving money on a regular basis. By doing so, members of the credit union are able to build a financial safety net, ensuring they are better prepared for unforeseen expenses or future financial needs. The credit union's accessible financial services make it easier for individuals to save and borrow, thus contributing to their financial well-being.

    Trumark Financial Credit Union serves as a not-for-profit cooperative, designed to benefit its members rather than shareholders. It is committed to creating opportunities for its members to save, borrow, and access a range of financial products and services. The credit union's mission is rooted in the belief that financial stability and security are essential components of overall well-being. Through its various offerings, Trumark Financial Credit Union aims to help its members achieve and maintain their financial goals.

    Impact

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




    Thursday, August 15, 2024

    Trumark Financial Credit Union promotes thrift among its members, creates a source of credit at reasonable rates of interest, and provides an opportunity for members to utilize financial services. Located in Fort Washington, PA, Trumark Financial Credit Union plays a crucial role in supporting the financial well-being of its members and the community. By offering accessible financial services and promoting responsible financial practices, Trumark Financial Credit Union contributes to the economic stability and growth of its members and the region.





    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: $15,047,939
  • Program Service Revenue: $88,982,909
  • Gross Receipts: $221,460,123

    • Assets and Liabilities:
  • Total Assets: $2,953,253,362
  • Total Liabilities: $2,748,489,341
  • Net Assets: $204,764,021
  • Programs

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

    INCOME ON LOANS

    Revenue

    $76,098,658

    FEES AND CHARGES

    Revenue

    $12,884,251

    Organization Details

    Founding Year

    1939

    Principal Officer

    Kelly Botti

    Main Address

    335 COMMERCE DRIVE, FORT WASHINGTON, PA, 19034

    NTEE Category

    Code: W60 - Public benefit

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