Overview
What is Smw Financial Credit Union?
Smw Financial Credit Union is a nonprofit organization located in Lino Lakes, Minnesota, with a ZIP code of 55014. Their primary mission is to foster trusted relationships and secure financial futures for their 5,438 members. Membership is open to individuals residing, working, worshipping, attending school, or volunteering in Anoka, Hennepin, Ramsey, or Washington counties of Minnesota. The credit union provides affordable financial services, with a team of 22 employees dedicated to achieving this mission.
Official website here: www.smwfcu.com
Is Smw Financial Credit Union legitimate?
Smw Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Smw Financial 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: $680,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $510,331
For more financial information, click here
Official website here: www.smwfcu.com
What is the mission statement of Smw Financial Credit Union?
Smw Financial Credit Union's mission is centered around establishing reliable relationships and fostering financially secure futures for its members. The credit union extends its membership to individuals residing, working, worshiping, attending school, or volunteering in specific counties in Minnesota. The primary activity of Smw Financial Credit Union involves providing affordable financial services to its current membership base, which currently consists of 5,438 individuals.
Official website here: www.smwfcu.com
Who is the CEO of Smw Financial Credit Union?
Erin Mcnamara is the President/Ceo of Smw Financial Credit Union. The CEO's salary of Smw Financial Credit Union is $118,469 and their total compensation is $127,086.
Official website here: www.smwfcu.com
What is the revenue of Smw Financial Credit Union?
Smw Financial Credit Union's revenue in 2022 was $3,852,056.
Official website here: www.smwfcu.com
Who are the executives of Smw Financial Credit Union and what are their salaries?
The average compensation at Smw Financial Credit Union during 2022 was $54,130. There are 22 employees and 7 volunteers at Smw Financial Credit Union.
Here are 11 key members and their salaries (Smw Financial Credit Union's CEO's salary is $118,469 and their total compensation is $127,086):
- 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: $142,586
- Related: $0
- Other: $9,736
- Compensation: $107,472
- Related: $0
- Other: $7,369
- Compensation: $107,371
- Related: $0
- Other: $6,666
- Compensation: $33,507
- Related: $0
- Other: $3,616
- Compensation: $118,469
- Related: $0
- Other: $8,617
- Compensation: $126,792
- Related: $0
- Other: $8,336
Official website here: www.smwfcu.com
Where can I find the form 990 for Smw Financial Credit Union?
Smw Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smwfcu.com
Learn more at the official website: www.smwfcu.com
Mission Statement of Smw Financial Credit Union
Smw Financial Credit Union, with a mission to build trusted relationships and strong financial futures, strives to serve its members effectively. This nonprofit organization is dedicated to providing financial services at affordable rates to its 5,438 members, who hail from various backgrounds and reside in Anoka, Hennepin, Ramsey, or Washington Counties of Minnesota. Smw Financial Credit Union's mission is geared towards fostering financial stability and security for its members, thereby establishing and strengthening the bonds between the credit union and its clientele.
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Impact
October, 2024
Smw Financial Credit Union plays a pivotal role in fostering financial well-being within its community. By providing low-cost financial services to 5,438 members, the credit union helps individuals manage their finances more effectively, promoting economic stability and growth. Its mission centers on building trusted relationships and strong financial futures, which serves as a foundation for empowering members in Anoka, Hennepin, Ramsey, and Washington counties.
Through inclusive membership eligibility, Smw Financial Credit Union ensures that anyone who lives, works, worships, or volunteers in these areas has access to essential financial resources. This open approach not only strengthens community ties but also enhances financial literacy and capability among members. Ultimately, the credit union contributes to the overall health of the local economy by supporting individuals in achieving their financial goals.
This information is meant to be a general summary of Smw Financial 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: $494,323
- Program Service Revenue: $3,357,733
- Gross Receipts: $5,323,901
Assets and Liabilities:
- Total Assets: $90,556,222
- Total Liabilities: $83,152,181
- Net Assets: $7,404,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,175,654
FEES & CHARGES
Revenue
$617,596
OTHER OPERATING INCOME
Revenue
$564,483
Organization Details
Founding Year
1953
Phone
(507) 747-1580Principal Officer
Erin Mcnamara
Main Address
700 APOLLO DR, LINO LAKES, MN, 55014
Website
www.smwfcu.comNTEE Category
Code: W60 - Public benefit
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