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Baxter Credit Union

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

EIN: 237250155 ✦ Vernon hills, IL ✦ Designated as a 501(c)(14)

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Overview

What is Baxter Credit Union?

Baxter Credit Union is a state-chartered financial institution based in the United States and Puerto Rico, catering to over 341,000 members. As a full-service credit union, they offer various loan and deposit products, along with additional financial services. Their extensive reach allows members to access these offerings through branches, a call center, and online channels. The credit union has extended financing to approximately 6,432 members, totaling over $2.16 billion in first mortgages.


Official website here: www.bcu.org

Is Baxter Credit Union legitimate?

Baxter Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Baxter 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,926,461

For more financial information, click here


Official website here: www.bcu.org

What is the mission statement of Baxter Credit Union?

Baxter Credit Union is a state-chartered financial institution that caters to a wide membership base across the US and Puerto Rico. Offering a comprehensive range of loan, deposit, and other financial services, the credit union ensures accessibility through multiple channels, including branches, a call center, and the internet. With a substantial member base of over 341,000 individuals, the credit union's mission is centered around providing essential financial products and services to help its members achieve their financial goals. Through its various offerings, Baxter Credit Union empowers its members to manage their finances efficiently and effectively. Additionally, the credit union has facilitated a significant number of first mortgages, totaling over $2.1 billion, further underscoring its commitment to serving its community.


Official website here: www.bcu.org

Who is the CEO of Baxter Credit Union?

Mike Valentine is the Principal Officer of Baxter Credit Union. The CEO's salary of Baxter Credit Union is $0 and their total compensation is $1,473,300.


Official website here: www.bcu.org

What is the revenue of Baxter Credit Union?

Baxter Credit Union's revenue in 2022 was $350,442,030.


Official website here: www.bcu.org

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

There 11 volunteers at Baxter Credit Union.


Here are 36 key members and their salaries (Baxter Credit Union's CEO's salary is $0 and their total compensation is $1,473,300):


Michael Valentine (President, Ceo And Treasurer)
  • Compensation: $0
  • Related: $1,473,300
  • Other: $0
Tom Moore (Evp)
  • Compensation: $0
  • Related: $886,496
  • Other: $0
Carl Presto (Evp/Cfo)
  • Compensation: $0
  • Related: $663,679
  • Other: $0
James Block (Evp/Chief Operating Officer)
  • Compensation: $0
  • Related: $645,901
  • Other: $0
Lisa Baron (Evp/Chro)
  • Compensation: $0
  • Related: $633,150
  • Other: $0
David Blum (Evp Corporate Relationships And Us Service Centers)
  • Compensation: $0
  • Related: $542,957
  • Other: $0
Edwin T Watson (Wealth Advisor)
  • Compensation: $0
  • Related: $439,729
  • Other: $0
David Brydun (Svp/Chief Lending Officer)
  • Compensation: $0
  • Related: $400,537
  • Other: $0
John Anderson (Investment Advisors)
  • Compensation: $0
  • Related: $362,343
  • Other: $0
Charles Smith (Vp/Controller)
  • Compensation: $0
  • Related: $323,365
  • Other: $0
Stephanie Southard (Vp/Ciso)
  • Compensation: $0
  • Related: $312,068
  • Other: $0
Dan Parsons (Svp Us Service Centers)
  • Compensation: $0
  • Related: $303,712
  • Other: $0
Jeffery Johnson (Evp)
  • Compensation: $0
  • Related: $299,165
  • Other: $0
Jill Sammons (Svp/Marketing And Brand Strategy)
  • Compensation: $0
  • Related: $294,448
  • Other: $0
Maria Garcia (Svp/Member Operations)
  • Compensation: $0
  • Related: $293,445
  • Other: $0
Carey Price (Svp/Digital Strategy And Delivery)
  • Compensation: $0
  • Related: $293,037
  • Other: $0
Kerriann Mills (Vp/General Counsel)
  • Compensation: $0
  • Related: $291,617
  • Other: $0
Douglas Wright (Vp/Audit)
  • Compensation: $0
  • Related: $286,912
  • Other: $0
John Sahagian (Vp)
  • Compensation: $0
  • Related: $286,335
  • Other: $0
Robert Orlich Jr (Consumer Loan Sales)
  • Compensation: $0
  • Related: $277,204
  • Other: $0
Scott Zulpo (Evp/Cio)
  • Compensation: $0
  • Related: $264,899
  • Other: $0
Robert Pondelicek (Sr Dir, Real Estate Sales & Service)
  • Compensation: $0
  • Related: $263,137
  • Other: $0
Alex Melnik (Director Of Busines Intelligence)
  • Compensation: $0
  • Related: $241,962
  • Other: $0
Kenneth Dryfthout (Vp/Strategy)
  • Compensation: $0
  • Related: $112,396
  • Other: $0
Michael Curran (Chairman)
  • Compensation: $0
  • Related: $46,125
  • Other: $0
Paul Martin (Director)
  • Compensation: $0
  • Related: $35,875
  • Other: $0
Christine Fleming (Director And Secretary)
  • Compensation: $0
  • Related: $35,875
  • Other: $0
Ola Snow (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
Brett Craig (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
Al Nietzel (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
Betty Larson (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
David Strauss (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
Bill Costa (Director)
  • Compensation: $0
  • Related: $30,750
  • Other: $0
Christine Mccauley (Director)
  • Compensation: $0
  • Related: $25,875
  • Other: $0
Robin Wells (Director)
  • Compensation: $0
  • Related: $15,375
  • Other: $0
Mark Rosenbaum (Director)
  • Compensation: $0
  • Related: $15,000
  • Other: $0


Official website here: www.bcu.org

Where can I find the form 990 for Baxter Credit Union?

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


Official website here: www.bcu.org

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

Mission Statement of Baxter Credit Union

Baxter Credit Union is a full-service, state-chartered financial institution dedicated to offering a comprehensive suite of loan, deposit products, and additional financial services to its vast membership base spanning across the United States and Puerto Rico. Utilizing various channels including branches, a call center, and the internet, the credit union extends its reach to over 341,314 individuals.

Baxter Credit Union's mission is centered around delivering financial solutions to its members. With a diverse range of products and services, the organization empowers its members to manage their finances effectively. Its member-focused approach allows individuals to access essential banking services, enabling them to achieve their financial goals and improve their financial well-being.

Baxter Credit Union showcases its commitment to its members by providing them with the necessary tools and resources to navigate their financial journey. By offering a variety of loan and deposit products, the credit union caters to the unique needs of its diverse membership base. Furthermore, through its extensive network of branches and reliable call center, Baxter Credit Union ensures accessibility and convenience for its members.

In addition to its core banking services, Baxter Credit Union has demonstrated its dedication to its members by facilitating 6,432 first mortgages, totaling an impressive $2,165,388,284. This significant contribution underscores the credit union's role as a trusted financial partner for its members, helping them secure their future through homeownership.

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Impact




October, 2024

Baxter Credit Union plays a significant role in enhancing financial well-being for its members across the United States and Puerto Rico. By offering a comprehensive suite of loan and deposit products, the credit union supports its 341,314 members in achieving their financial goals, whether through personal loans, mortgages, or savings accounts.

One of the notable impacts is evident in its mortgage services, where Baxter Credit Union facilitated 6,432 first mortgages totaling over $2.1 billion. This not only aids individuals and families in becoming homeowners but also contributes to community development and economic stability.

With a robust presence through various channels such as branches, a call center, and online services, Baxter Credit Union ensures accessibility and convenience for its members, empowering them to manage their finances effectively. Through these efforts, Baxter Credit Union strengthens the financial landscape and fosters a culture of support and opportunity within its communities.




This information is meant to be a general summary of Baxter 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
$350,442,030 (2022)
Expenses
$293,104,697 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $33,786,028
  • Program Service Revenue: $316,656,002
  • Gross Receipts: $350,442,030

Assets and Liabilities:

  • Total Assets: $5,751,484,149
  • Total Liabilities: $5,246,732,646
  • Net Assets: $504,751,503

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Programs

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

Interest on Loans

Revenue

$198,371,580

Interchange Income

Revenue

$43,027,901

Other Mortgage Income

Revenue

$14,302,152

Service Charges/Other income

Revenue

$31,977,135

Other Non-interest Income

Revenue

$28,977,234

Organization Details

Founding Year

1981

Principal Officer

Mike Valentine

Main Address

340 North Milwaukee Avenue, Vernon Hills, IL, 60061

NTEE Category

Code: W61 - Public benefit

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