Overview
What is West Metro Schools Credit Union?
West Metro Schools Credit Union is a not-for-profit financial organization, owned and managed by its members, situated in Hopkins, Minnesota. The credit union offers a variety of deposit accounts and had 181 new account openings in 2022. As of December 31, 2022, they catered to 2,607 members. Their primary mission is to provide financial services and foster long-lasting relationships while ensuring financial stability and protecting member assets. With a staff of six individuals, West Metro Schools Credit Union is committed to serving its members effectively.
Official website here: www.wmscu.org
Is West Metro Schools Credit Union legitimate?
West Metro Schools Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. West Metro Schools 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: $113,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,176
For more financial information, click here
Official website here: www.wmscu.org
What is the mission statement of West Metro Schools Credit Union?
West Metro Schools Credit Union operates as a not-for-profit, member-owned and controlled financial organization. Their primary aim is to provide various financial services and establish long-lasting relationships with their members while ensuring financial stability and safeguarding member assets. The credit union's mission is centered around building and maintaining strong connections with its members, offering financial assistance in a secure and stable environment. As a member-led entity, West Metro Schools Credit Union prides itself on fostering a sense of community and providing essential financial services to its members. In 2022, the credit union expanded its membership base by opening 181 new deposit accounts, serving a total of 2,607 members as of December 31.
Official website here: www.wmscu.org
Who is the CEO of West Metro Schools Credit Union?
Crystal Schuman is the President of West Metro Schools Credit Union.
Official website here: www.wmscu.org
What is the revenue of West Metro Schools Credit Union?
West Metro Schools Credit Union's revenue in 2022 was $1,509,319.
Official website here: www.wmscu.org
Who are the executives of West Metro Schools Credit Union and what are their salaries?
The average compensation at West Metro Schools Credit Union during 2022 was $59,770. There are 6 employees and 10 volunteers at West Metro Schools Credit Union.
Here are 8 key members and their salaries:
- Compensation: $113,443
- Related: $0
- Other: $35,786
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wmscu.org
Where can I find the form 990 for West Metro Schools Credit Union?
West Metro Schools Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmscu.org
Learn more at the official website: www.wmscu.org
Mission Statement of West Metro Schools Credit Union
West Metro Schools Credit Union, as a not-for-profit entity, is member-owned and controlled, with a mission to build lasting relationships while providing essential financial services. This financial organization prioritizes maintaining financial stability and safeguarding the assets of its members. By offering various deposit accounts, West Metro Schools Credit Union aims to cater to the financial needs of its members, having opened 181 new deposit accounts in 2022. As of December 31, 2022, the credit union boasted a membership of 2,607 individuals.
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Impact
October, 2024
West Metro Schools Credit Union plays a vital role in the financial well-being of its members in the Hopkins, MN community. By offering a range of financial services tailored to meet the needs of its diverse membership, the credit union fosters financial stability and empowers individuals to achieve their financial goals. In 2022, the credit union successfully opened 181 new deposit accounts, underscoring its commitment to growth and service.
With a membership base of 2,607 individuals, West Metro Schools Credit Union cultivates strong, life-long relationships with its members. This personal approach not only safeguards member assets but also fosters a sense of community and trust. Overall, the credit union has a significant impact on enhancing financial literacy and providing accessible financial services, ultimately contributing to the economic health of the region.
This information is meant to be a general summary of West Metro Schools 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: $252,169
- Program Service Revenue: $1,255,165
- Gross Receipts: $1,509,319
Assets and Liabilities:
- Total Assets: $38,718,935
- Total Liabilities: $31,967,668
- Net Assets: $6,751,267
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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
$1,001,722
OTHER MEMBER RELATED INCOME
Revenue
$231,576
MEMBER FEE INCOME
Revenue
$21,867
Organization Details
Founding Year
1954
Phone
(952) 988-4165Principal Officer
Crystal Schuman
Main Address
1001 HIGHWAY 7 RM 249, HOPKINS, MN, 55305
Website
www.wmscu.orgNTEE Category
Code: W60 - Public benefit
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