Superior Choice Credit Union

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

EIN: 390906277 ✦ Superior, WI ✦ Designated as a 501(c)(14)

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 not tax deductible.

Here 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:

    Tim Foster (President &)
  • Compensation: $422,318
  • Related: $0
  • Other: $53,990

    • Shane Asbel (Coo/Evp)
  • Compensation: $281,221
  • Related: $0
  • Other: $40,630

    • Ben Altonen (Cfo/Evp)
  • Compensation: $267,568
  • Related: $0
  • Other: $50,119

    • Kelli Koehler (Cmo/Svp)
  • Compensation: $243,147
  • Related: $0
  • Other: $19,611

    • Myron Baker (Vp It)
  • Compensation: $154,479
  • Related: $0
  • Other: $16,092

    • Julie Lupa (Vp Mortgage)
  • Compensation: $136,939
  • Related: $0
  • Other: $30,946

    • Kevin Kubat (Vp Consumer)
  • Compensation: $125,430
  • Related: $0
  • Other: $0

    • Tammy Makela (Vp Accountin)
  • Compensation: $122,588
  • Related: $0
  • Other: $0

    • Scott Maki (Cpo/Evp)
  • Compensation: $108,899
  • Related: $0
  • Other: $9,256

    • Danielle Severson (Vp Fraud/Col)
  • Compensation: $103,650
  • Related: $0
  • Other: $10,260

    • Bill Anderson (Board Vice C) [Trustee/Director]
  • Compensation: $7,300
  • Related: $0
  • Other: $0

    • Mark Casper (Board Chair) [Trustee/Director]
  • Compensation: $6,700
  • Related: $0
  • Other: $0

    • Paul Gilbertson (Treasurer) [Trustee/Director]
  • Compensation: $6,700
  • Related: $0
  • Other: $0

    • Pamela Tafelski (Vice Chair L) [Trustee/Director]
  • Compensation: $6,700
  • Related: $0
  • Other: $0

    • Charlie Glazman (Vice Chair P) [Trustee/Director]
  • Compensation: $6,100
  • Related: $0
  • Other: $0

    • Jim Larson (Vice Chair-A) [Trustee/Director]
  • Compensation: $6,100
  • Related: $0
  • Other: $0

    • Greg Running (Alco) [Trustee/Director]
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Superior Choice Credit Union has a significant impact on the community by providing essential financial services to its members. Through its operations as a member-owned financial institution, Superior Choice Credit Union offers a range of services such as loans, deposits, and transactional services that help individuals and families manage their finances and achieve their financial goals. By fostering financial stability and empowerment among its members, Superior Choice Credit Union contributes to the overall well-being and prosperity of the community it serves.





    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: $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
  • 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

    Principal Officer

    Tim Foster

    Main Address

    1320 GRAND AVENUE, SUPERIOR, WI, 54880

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Superior Choice Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.