Premier Credit Union

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

EIN: 420127275 ✦ Des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is Premier Credit Union?

Premier Credit Union, based in Des Moines, Iowa, is a state-chartered financial institution and credit union, led by Steve Flamm. As a credit union, it is a member-owned cooperative, providing financial services to its members. Premier Credit Union's mission is to serve its community, offering various financial products and services to its members.


Official website here: www.premiercu.org

Is Premier Credit Union legitimate?

Premier Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Premier 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: $266,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,470,812

For more financial information, click here


Official website here: www.premiercu.org

What is the mission statement of Premier Credit Union?

Premier Credit Union functions as a state-chartered financial institution and credit union, dedicated to providing financial services to its members. The organization's mission is centered around serving its community by offering financial products and solutions. Through its operations, it aims to contribute to the financial well-being of its clientele. The credit union is committed to delivering high-quality financial services, ensuring that its members have access to various banking and credit options. Additionally, it prioritizes the development of strong relationships with its members, fostering a sense of community and trust.


Official website here: www.premiercu.org

Who is the CEO of Premier Credit Union?

Megan Tjernagel is the Ceo of Premier Credit Union. The CEO's salary of Premier Credit Union is $185,028 and their total compensation is $192,117.


Official website here: www.premiercu.org

What is the revenue of Premier Credit Union?

Premier Credit Union's revenue in 2022 was $12,588,447.


Official website here: www.premiercu.org

Who are the executives of Premier Credit Union and what are their salaries?

The average compensation at Premier Credit Union during 2022 was $52,631. There are 52 employees and 11 volunteers at Premier Credit Union.


Here are 20 key members and their salaries (Premier Credit Union's CEO's salary is $185,028 and their total compensation is $192,117):


Megan Tjernagel (Ceo)
  • Compensation: $96,154
  • Related: $144,271
  • Other: $9,323
Mark Piper (Mortgage Loa)
  • Compensation: $0
  • Related: $231,907
  • Other: $10,426
Sheila Strand (Mortgage Loa)
  • Compensation: $0
  • Related: $226,430
  • Other: $8,003
Steve Flamm (Ceo)
  • Compensation: $185,028
  • Related: $0
  • Other: $7,089
Jill Greene Mathew (Exec Vp)
  • Compensation: $159,651
  • Related: $0
  • Other: $6,526
Sam Rizzuti (Cfo)
  • Compensation: $0
  • Related: $150,459
  • Other: $6,087
Brook Hermann (Mortgage Loa)
  • Compensation: $0
  • Related: $136,115
  • Other: $5,445
Andy Happ (Vp Lending)
  • Compensation: $115,481
  • Related: $0
  • Other: $4,738
Diane Futer (Svp Finance)
  • Compensation: $113,472
  • Related: $0
  • Other: $4,757
Brooke Avila (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Bachman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Bawek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Bennigsdorf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Cumes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Jepsen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Klein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Mendenhall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ward (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darin Zahn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.premiercu.org

Where can I find the form 990 for Premier Credit Union?

Premier Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.premiercu.org

Learn more at the official website: www.premiercu.org

Mission Statement of Premier Credit Union

Premier Credit Union, a state-chartered financial institution and credit union, is dedicated to providing financial services to its members. Based in Iowa, this credit union is helmed by Steve Flamm. The organization prides itself on being a trusted financial partner, offering various financial products and services to its members.

At its core, Premier Credit Union is committed to delivering financial solutions tailored to the unique needs of its members. By maintaining a member-owned structure, it ensures that its decisions are driven by the best interests of those it serves. This member-focused approach sets Premier Credit Union apart in the financial sector.

As a state-chartered credit union, Premier Credit Union is subjected to the same regulatory requirements as other financial institutions, ensuring its financial stability and security. The credit union's mission is to empower its members to achieve their financial goals through accessible, affordable, and convenient financial services. With a strong emphasis on member satisfaction, Premier Credit Union continually strives to exceed expectations and make a positive impact in the lives of its members.

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Impact




October, 2024

Premier Credit Union has a significant impact on the community it serves in Des Moines, IA, by providing accessible financial services and fostering economic growth. As a state-chartered credit union, it focuses on meeting the needs of its members, promoting financial literacy, and offering tailored products that empower individuals and families to achieve their financial goals.

Under the leadership of Steve Flamm, Premier Credit Union actively engages with the community, ensuring that its services support public benefit initiatives. By prioritizing member satisfaction and community investment, it enhances the overall financial well-being of the area, contributing to a stronger local economy.

Through programs aimed at education and outreach, Premier Credit Union plays a vital role in building financial resilience among its members, helping to create a more informed and economically stable community.




This information is meant to be a general summary of Premier 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.

Revenue
$12,588,447 (2022)
Expenses
$10,104,713 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $194,721
  • Program Service Revenue: $12,393,726
  • Gross Receipts: $12,588,447

Assets and Liabilities:

  • Total Assets: $287,063,539
  • Total Liabilities: $262,652,095
  • Net Assets: $24,411,444

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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

$9,165,455

MISCELLANEOUS INCOME

Revenue

$2,198,992

FEE INCOME

Revenue

$1,029,279

Organization Details

Founding Year

1933

Principal Officer

Megan Tjernagel

Main Address

800 9TH STREET, DES MOINES, IA, 503091202

NTEE Category

Code: W60 - Public benefit

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