Overview
What is Simplicity Credit Union?
Simplicity Credit Union is a nonprofit, member-owned financial institution headquartered with a mission to offer services primarily focused on managing deposits and granting loans to individuals. As a nonprofit entity, it operates with the main objective of providing financial assistance to its members. The organization's core activities revolve around accepting deposits and extending loans to the community, making it a crucial part of the financial infrastructure for many individuals.
Official website here: www.simplicity.coop
Is Simplicity Credit Union legitimate?
Simplicity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Simplicity 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: $606,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,430,003
For more financial information, click here
Official website here: www.simplicity.coop
What is the mission statement of Simplicity Credit Union?
Simplicity Credit Union is a nonprofit organization run by and for its members. Its primary purpose is to offer financial services, focusing on accepting deposits and extending loans to individuals. The institution operates on a not-for-profit basis, with the main activities centered around managing deposits and granting loans to its membership.
Official website here: www.simplicity.coop
Who is the CEO of Simplicity Credit Union?
James Nowak is the Chair of Simplicity Credit Union. The CEO's salary of Simplicity Credit Union is $304,370 and their total compensation is $313,293.
Official website here: www.simplicity.coop
What is the revenue of Simplicity Credit Union?
Simplicity Credit Union's revenue in 2022 was $19,742,402.
Official website here: www.simplicity.coop
Who are the executives of Simplicity Credit Union and what are their salaries?
The average compensation at Simplicity Credit Union during 2022 was $44,062. There are 137 employees and 9 volunteers at Simplicity Credit Union.
Here are 17 key members and their salaries (Simplicity Credit Union's CEO's salary is $304,370 and their total compensation is $313,293):
- Compensation: $1,095
- Related: $0
- Other: $0
- Compensation: $565
- Related: $0
- Other: $0
- Compensation: $565
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $445
- Related: $0
- Other: $0
- Compensation: $465
- Related: $0
- Other: $0
- Compensation: $580
- Related: $0
- Other: $0
- Compensation: $565
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $304,370
- Related: $0
- Other: $8,923
- Compensation: $117,586
- Related: $0
- Other: $900
- Compensation: $179,515
- Related: $0
- Other: $7,274
- Compensation: $303,941
- Related: $0
- Other: $10,308
- Compensation: $109,950
- Related: $0
- Other: $3,401
- Compensation: $136,921
- Related: $0
- Other: $4,080
- Compensation: $120,288
- Related: $0
- Other: $3,837
- Compensation: $104,949
- Related: $0
- Other: $4,698
Official website here: www.simplicity.coop
Where can I find the form 990 for Simplicity Credit Union?
Simplicity Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.simplicity.coop
Learn more at the official website: www.simplicity.coop
Mission Statement of Simplicity Credit Union
Simplicity Credit Union, a member-owned thrift institution, is dedicated to providing financial services to individuals. The organization's primary operations revolve around managing deposits and extending loans to its members. Founded on a nonprofit basis, Simplicity Credit Union operates with the goal of making a positive impact on the financial wellbeing of its members.
At the heart of Simplicity Credit Union's mission is the commitment to serve as a trusted financial partner for individuals in need. By pooling resources and offering various financial products and services, the credit union empowers its members to achieve their financial goals and improve their economic stability. Through its member-owned structure, Simplicity Credit Union ensures that its decisions are guided by the needs and best interests of its community.
Simplicity Credit Union's operations revolve around providing essential financial services, including managing deposits and extending loans. The credit union's ability to offer loans to its members can be a crucial lifeline for those seeking access to credit for important expenses, such as education, home renovations, or unexpected medical bills. Additionally, by holding deposits, Simplicity Credit Union plays a vital role in maintaining financial security for its members and fostering financial growth within its community.
In summary, Simplicity Credit Union is a member-owned financial institution that offers loans and deposit management services to individuals. With a nonprofit mission, the credit union prioritizes the financial wellbeing of its members and serves as a vital resource for the community. By providing essential financial services and operating on a member-owned structure, Simplicity Credit Union fosters economic stability and empowers its members to achieve their financial goals.
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Impact
October, 2024
Simplicity Credit Union plays a vital role in its community by offering accessible financial services tailored to the needs of its members. As a member-owned thrift institution, it focuses on holding deposits and providing loans, ensuring that individuals have the financial support necessary to achieve their goals. By prioritizing the needs of its members, Simplicity Credit Union fosters financial empowerment, promotes savings, and helps cultivate a sense of belonging among its community.
The operations of Simplicity Credit Union are anchored in a commitment to public benefit, reinforcing its mission to create a positive impact on individuals' financial well-being. Located in Marshfield, WI, it stands out as a trusted resource for local residents, providing them with the tools and support required for sound financial management. Through its efforts, Simplicity Credit Union not only strengthens individual financial health but also contributes to the overall economic stability of the community.
This information is meant to be a general summary of Simplicity 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,956,556
- Program Service Revenue: $17,697,664
- Gross Receipts: $19,742,402
Assets and Liabilities:
- Total Assets: $432,153,101
- Total Liabilities: $393,526,787
- Net Assets: $38,626,314
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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
$12,214,083
FEE INCOME
Revenue
$3,318,280
INSURANCE COMMISSION AND FEES
Revenue
$1,461,276
OTHER OPERATING
Revenue
$704,025
Organization Details
Founding Year
1949
Phone
(715) 387-3702Principal Officer
James Nowak
Main Address
222 E UPHAM AVENUE, MARSHFIELD, WI, 544490790
Website
www.simplicity.coopNTEE Category
Code: W60 - Public benefit
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