Des Moines Metro Credit Union

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

EIN: 420214646 ✦ Des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is Des Moines Metro Credit Union?

Des Moines Metro Credit Union is a nonprofit financial institution, serving the unique financial needs of approximately 6,533 members as of December 31, 2021. They provide a range of financial services, including savings, loans, and certificates of deposit. The organization's mission is centered around meeting these financial needs in a distinct manner, setting it apart from other financial institutions.


Official website here: www.dmmcu.org

Is Des Moines Metro Credit Union legitimate?

Des Moines Metro Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Des Moines Metro 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: $270,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $459,098

For more financial information, click here


Official website here: www.dmmcu.org

What is the mission statement of Des Moines Metro Credit Union?

Des Moines Metro Credit Union is committed to meeting its members' financial needs in a unique manner. As of December 31, 2021, the credit union serves approximately 6,533 members, providing them with savings, loan, and certificate of deposit services. The organization's mission revolves around catering to its members' financial needs in a distinctive manner, offering a range of financial products. While the exact methodology of this unique approach is not specified, it is clear that Des Moines Metro Credit Union prioritizes its members' financial well-being.


Official website here: www.dmmcu.org

Who is the CEO of Des Moines Metro Credit Union?

Jim Anderson is the Chairman of Des Moines Metro Credit Union. The CEO's salary of Des Moines Metro Credit Union is $139,345 and their total compensation is $157,517.


Official website here: www.dmmcu.org

What is the revenue of Des Moines Metro Credit Union?

Des Moines Metro Credit Union's revenue in 2022 was $2,439,603.


Official website here: www.dmmcu.org

Who are the executives of Des Moines Metro Credit Union and what are their salaries?

The average compensation at Des Moines Metro Credit Union during 2022 was $34,750. There are 21 employees at Des Moines Metro Credit Union.


Here are 9 key members and their salaries (Des Moines Metro Credit Union's CEO's salary is $139,345 and their total compensation is $157,517):


Cindy Smith (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bair (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Ritter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Heckman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marylee Woods (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Olson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Goreth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Anderson (Ceo)
  • Compensation: $139,345
  • Related: $0
  • Other: $18,172
Traci Stiles (Evp)
  • Compensation: $100,682
  • Related: $0
  • Other: $12,449


Official website here: www.dmmcu.org

Where can I find the form 990 for Des Moines Metro Credit Union?

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


Official website here: www.dmmcu.org

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

Mission Statement of Des Moines Metro Credit Union

Des Moines Metro Credit Union, with a membership of approximately 6,533 individuals as of December 31, 2021, is dedicated to meeting its members' financial needs in a distinct manner. The credit union offers a variety of financial services, including savings, loans, and certificates of deposit, to cater to the unique financial needs of its members. In essence, Des Moines Metro Credit Union sets itself apart by providing tailored financial solutions to its members, ensuring their financial well-being.

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Impact




October, 2024

Des Moines Metro Credit Union significantly impacts its community by addressing the financial needs of its members in a distinctive and personalized manner. Serving approximately 6,533 members as of the end of 2021, the credit union provides essential financial services, including savings accounts, loans, and certificates of deposit. By focusing on member needs, Des Moines Metro Credit Union promotes financial well-being, helping individuals and families achieve their financial goals and secure their financial futures within the Des Moines area.




This information is meant to be a general summary of Des Moines Metro 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
$2,439,603 (2022)
Expenses
$2,280,479 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $379,334
  • Program Service Revenue: $1,674,883
  • Gross Receipts: $2,439,603

Assets and Liabilities:

  • Total Assets: $71,719,993
  • Total Liabilities: $64,096,949
  • Net Assets: $7,623,044

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$1,342,626

CREDIT/DEBIT CARD

Revenue

$332,257

Organization Details

Founding Year

1938

Principal Officer

Jim Anderson

Main Address

100 UNIVERSITY AVENUE, DES MOINES, IA, 50314

NTEE Category

Code: W60 - Public benefit

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