Overview
What is Superior Choice Credit Union?
Superior Choice Credit Union is a member-owned financial institution located at 1320 Grand Avenue, Superior, Wisconsin, with a ZIP code of 54880. Established as a not-for-profit organization, it provides financial services to its members, including loans, deposits, and transactional services. Its primary mission is to offer financial solutions to its members, with operations mainly focused on managing deposits and extending loans. The credit union employs approximately 210 people, working diligently to cater to the financial needs of its member base.
Official website here: www.superiorchoice.com
Is Superior Choice Credit Union legitimate?
Superior Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Superior Choice 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: $1,368,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,275,226
For more financial information, click here
Official website here: www.superiorchoice.com
What is the mission statement of Superior Choice Credit Union?
Superior Choice Credit Union is a not-for-profit financial institution owned and operated by its members. Its primary mission is to provide financial services to its member base. The organization offers a range of financial solutions including loans, deposits, and transactional services. Its operations are centered around serving the financial needs of its membership. Superior Choice Credit Union aims to build strong and sustainable financial relationships with its members, acting as a trusted financial partner. The credit union's commitment is to contribute to the financial well-being of its members and help them achieve their financial goals.
Official website here: www.superiorchoice.com
Who is the CEO of Superior Choice Credit Union?
Tim Foster is the President & of Superior Choice Credit Union.
Official website here: www.superiorchoice.com
What is the revenue of Superior Choice Credit Union?
Superior Choice Credit Union's revenue in 2022 was $30,905,234.
Official website here: www.superiorchoice.com
Who are the executives of Superior Choice Credit Union and what are their salaries?
The average compensation at Superior Choice Credit Union during 2022 was $41,162. There are 210 employees and 7 volunteers at Superior Choice Credit Union.
Here are 17 key members and their salaries:
- Compensation: $422,318
- Related: $0
- Other: $53,990
- Compensation: $281,221
- Related: $0
- Other: $40,630
- Compensation: $267,568
- Related: $0
- Other: $50,119
- Compensation: $243,147
- Related: $0
- Other: $19,611
- Compensation: $154,479
- Related: $0
- Other: $16,092
- Compensation: $136,939
- Related: $0
- Other: $30,946
- Compensation: $125,430
- Related: $0
- Other: $0
- Compensation: $122,588
- Related: $0
- Other: $0
- Compensation: $108,899
- Related: $0
- Other: $9,256
- Compensation: $103,650
- Related: $0
- Other: $10,260
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $6,700
- Related: $0
- Other: $0
- Compensation: $6,700
- Related: $0
- Other: $0
- Compensation: $6,700
- Related: $0
- Other: $0
- Compensation: $6,100
- Related: $0
- Other: $0
- Compensation: $6,100
- Related: $0
- Other: $0
- Compensation: $6,100
- Related: $0
- Other: $0
Official website here: www.superiorchoice.com
Where can I find the form 990 for Superior Choice Credit Union?
Superior Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.superiorchoice.com
Learn more at the official website: www.superiorchoice.com
Mission Statement of Superior Choice Credit Union
Superior Choice Credit Union, a not-for-profit financial institution, is dedicated to providing financial services to its member-owners. This member-owned organization operates primarily with the emphasis on holding deposits and making loans to its members. In simple terms, Superior Choice Credit Union functions as a financial service provider, catering to various financial needs of its members.
At the core of Superior Choice Credit Union's mission lies its commitment to its members. By prioritizing the financial well-being of its members, Superior Choice Credit Union sets itself apart as a trusted and reliable financial partner. The Credit Union's main objective is to facilitate the growth and financial stability of its members through its range of financial products and services. Whether it's securing a loan for a new car or saving for a rainy day, Superior Choice Credit Union strives to meet the diverse financial needs of its member-owners.
Moreover, Superior Choice Credit Union is more than just a financial institution, it's a community of members working together to achieve financial success. The Credit Union's focus on member-ownership fosters a unique sense of camaraderie and shared responsibility, with each member contributing to the collective growth and stability of the organization. This member-centric approach allows Superior Choice Credit Union to tailor its financial services to the specific needs and goals of its members, ensuring their financial journey is both successful and rewarding.
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Impact
October, 2024
Superior Choice Credit Union plays a vital role in the financial well-being of its members and the greater community. As a member-owned financial institution, it focuses on providing essential financial services such as loans, deposits, and transactional services. This approach fosters a sense of community, ensuring that members can access the resources they need to achieve their financial goals.
By prioritizing the needs of its members, Superior Choice Credit Union enhances financial literacy and promotes responsible lending practices. It serves as a trusted partner for individuals and families, helping them navigate financial challenges and build a secure future. Through its operations, the credit union bolsters local economic growth by facilitating access to credit for personal and business needs, thereby empowering members to invest in their lives and contribute to the community.
Additionally, the credit union's commitment to public benefit ensures that profits are reinvested back into the community, further amplifying its positive impact. This cycle of support not only strengthens individual financial stability but also fosters a thriving community in Superior, Wisconsin.
This information is meant to be a general summary of Superior Choice 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: $1,559,344
- Program Service Revenue: $29,255,012
- Gross Receipts: $30,905,234
Assets and Liabilities:
- Total Assets: $708,340,396
- Total Liabilities: $646,689,586
- Net Assets: $61,650,810
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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
$24,082,407
FEE INCOME
Revenue
$2,903,123
INTERCHANGE FEES
Revenue
$1,528,251
OTHER OPERATING REVENUE
Revenue
$536,388
INSURANCE SALES & COMMISSIONS
Revenue
$156,646
Organization Details
Founding Year
1932
Phone
(715) 718-5804Principal Officer
Tim Foster
Main Address
1320 GRAND AVENUE, SUPERIOR, WI, 54880
Website
www.superiorchoice.comNTEE Category
Code: W60 - Public benefit
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