Overview
What is Star Choice Credit Union?
Star Choice Credit Union is a financial institution situated in Bloomington, Minnesota, with an address at 10750 France Avenue South, 55431. Known for its commitment to member service, the credit union embraces technology and values trust, integrity, passion, and honesty in its operations. In 2022, it opened 378 new deposit accounts and had a membership of 6,213 individuals as of December 31st. With a workforce of 18 employees, Star Choice Credit Union focuses on nurturing its members' financial growth.
Official website here: www.starchoicecu.org
Is Star Choice Credit Union legitimate?
Star Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Star 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: $322,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,568
For more financial information, click here
Official website here: www.starchoicecu.org
What is the mission statement of Star Choice Credit Union?
Star Choice Credit Union's mission is centered around fostering financial growth for its members. This is achieved through a service approach that integrates technology, trust, integrity, passion, and honesty. The credit union's mission is to nurture and support its members' financial well-being, embodying these core values in its operations. In 2022, Star Choice Credit Union opened 378 new deposit accounts, indicating its commitment to serving its growing membership base. As of December 31, 2022, the credit union had a membership of 6,213 members.
Official website here: www.starchoicecu.org
Who is the CEO of Star Choice Credit Union?
Scott Olson is the President of Star Choice Credit Union.
Official website here: www.starchoicecu.org
What is the revenue of Star Choice Credit Union?
Star Choice Credit Union's revenue in 2022 was $3,513,010.
Official website here: www.starchoicecu.org
Who are the executives of Star Choice Credit Union and what are their salaries?
The average compensation at Star Choice Credit Union during 2022 was $47,596. There are 18 employees and 10 volunteers at Star Choice Credit Union.
Here are 10 key members and their salaries:
- Compensation: $128,130
- Related: $0
- Other: $28,539
- Compensation: $106,202
- Related: $0
- Other: $25,835
- Compensation: $84,334
- Related: $0
- Other: $35,796
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
Official website here: www.starchoicecu.org
Where can I find the form 990 for Star Choice Credit Union?
Star Choice Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.starchoicecu.org
Learn more at the official website: www.starchoicecu.org
Mission Statement of Star Choice Credit Union
Star Choice Credit Union is committed to fostering the financial well-being of its members by delivering services that embrace technology, embody trust, integrity, passion, and honesty. This mission statement underscores the credit union's dedication to providing its members with a service experience that is both technologically advanced and grounded in ethical values. The credit union's approach is designed to nurture the financial growth of its members, ensuring they have the tools and support they need to manage their finances effectively. This mission is reflected in the various deposit accounts the credit union offers, as well as the 378 new accounts it opened in 2022, demonstrating its commitment to serving its growing membership base. As of December 31, 2022, Star Choice Credit Union had 6,213 members, further highlighting its success in fulfilling its mission.
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Impact
October, 2024
Star Choice Credit Union significantly impacts the Bloomington, MN community through its commitment to fostering financial growth among its members. By offering a variety of deposit accounts, it meets the diverse financial needs of its 6,213 members, reflecting a strong emphasis on both accessibility and service. In 2022 alone, the credit union welcomed 378 new deposit accounts, demonstrating its expanding reach and ability to attract new members.
The organization is deeply rooted in values such as trust, integrity, passion, and honesty, ensuring that members receive not just services, but a trustworthy partnership in their financial journey. By embracing technology, Star Choice Credit Union enhances its ability to serve its community efficiently and effectively, thereby reinforcing its mission to support members' financial well-being. Overall, its influence is illustrated through its growing membership base and adherence to high standards of service, which collectively contribute to the economic health of the Bloomington area.
This information is meant to be a general summary of Star 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: $238,150
- Program Service Revenue: $3,266,146
- Gross Receipts: $3,525,755
Assets and Liabilities:
- Total Assets: $93,655,773
- Total Liabilities: $86,758,117
- Net Assets: $6,897,656
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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
$2,438,850
OTHER MEMBER RELATED REVENUE
Revenue
$659,205
MEMBER FEE INCOME
Revenue
$162,652
FEE & INSURANCE INCOME
Revenue
$5,439
Organization Details
Founding Year
1931
Phone
(952) 698-7228Principal Officer
Scott Olson
Main Address
10750 FRANCE AVE SOUTH, BLOOMINGTON, MN, 55431
Website
www.starchoicecu.orgNTEE Category
Code: W60 - Public benefit
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