Greater Iowa Credit Union

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

EIN: 420664060 ✦ Ames, IA ✦ Designated as a 501(c)(14)

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Overview

What is Greater Iowa Credit Union?

Greater Iowa Credit Union is a member-driven financial cooperative based in Ames, Iowa. With a vision to become a trailblazer in the financial services industry, they offer personalized services and innovative products. Their mission is to create a dependable credit source, instill savings habits, and empower members to utilize their savings collectively. In 2022, they served over 35,000 members and employed 134 individuals. Their commitment to growth includes long-term relationships with their communities and members.


Official website here: www.greateriowacu.org

Is Greater Iowa Credit Union legitimate?

Greater Iowa Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Greater Iowa 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: $2,231,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,594,568

For more financial information, click here


Official website here: www.greateriowacu.org

What is the mission statement of Greater Iowa Credit Union?

The Greater Iowa Credit Union is dedicated to growing with its communities and members by offering personalized service and innovative financial products. This commitment is encapsulated in the credit union's promise and vision statement. The organization aims to become a leader in the financial services industry by providing a reliable source of credit, encouraging savings habits, and allowing members to utilize their savings for mutual benefit. In 2022, the credit union served a membership base of 35,968 individuals.


Official website here: www.greateriowacu.org

Who is the CEO of Greater Iowa Credit Union?

Scott Zahnle is the Ceo of Greater Iowa Credit Union. The CEO's salary of Greater Iowa Credit Union is $358,647 and their total compensation is $390,776.


Official website here: www.greateriowacu.org

What is the revenue of Greater Iowa Credit Union?

Greater Iowa Credit Union's revenue in 2022 was $28,864,385.


Official website here: www.greateriowacu.org

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

The average compensation at Greater Iowa Credit Union during 2022 was $65,869. There are 134 employees at Greater Iowa Credit Union.


Here are 21 key members and their salaries (Greater Iowa Credit Union's CEO's salary is $358,647 and their total compensation is $390,776):


Michael Wahlin (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lewis Vollotti (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geri Derner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Ashby (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Arbuckle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanjeev Agarwal (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Crum (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pol Herrmann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Bowers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lara Olson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Zahnle (Ceo)
  • Compensation: $358,647
  • Related: $0
  • Other: $32,129
Gary Hayenga (Clo)
  • Compensation: $267,061
  • Related: $0
  • Other: $30,230
Carla Danielson (Vp Of Finance)
  • Compensation: $165,120
  • Related: $0
  • Other: $23,249
Julie Willse (Vp Of Member Service)
  • Compensation: $203,721
  • Related: $0
  • Other: $11,434
Nate Scott (Vp Of Consumer Lending)
  • Compensation: $164,931
  • Related: $0
  • Other: $11,144
Gregory Milbach (Vp Of It)
  • Compensation: $177,484
  • Related: $0
  • Other: $19,217
Margaret Wurster (Regional Director Of Member Service)
  • Compensation: $164,352
  • Related: $0
  • Other: $17,207
Brian Dooley (Regional Director Of Member Service)
  • Compensation: $156,269
  • Related: $0
  • Other: $16,861
William Grund (Senior Business Relationship Manager)
  • Compensation: $118,247
  • Related: $0
  • Other: $15,632
Myranda Reasoner (Branch Manager)
  • Compensation: $131,506
  • Related: $0
  • Other: $7,335
Mindi Wheeler (Senior Business Anayst)
  • Compensation: $113,261
  • Related: $0
  • Other: $26,796


Official website here: www.greateriowacu.org

Where can I find the form 990 for Greater Iowa Credit Union?

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


Official website here: www.greateriowacu.org

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

Mission Statement of Greater Iowa Credit Union

Greater Iowa Credit Union, a leading financial institution, is committed to growing alongside its communities and members by providing lifelong personal service and innovative financial products. Established with a vision to become a pacesetter in the financial services industry, the Credit Union's mission goes beyond offering financial solutions. It aims to foster a culture of saving and financial literacy among its members, creating a mutually beneficial environment. With 35,968 members served in the 2022 calendar year, Greater Iowa Credit Union's impact is evident in the lives it touches. By prioritizing personalized service and forward-thinking financial products, the Credit Union continues to set the bar high in the industry.

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Impact




October, 2024

Greater Iowa Credit Union makes a significant impact on its members and the surrounding community by focusing on personal service and innovative financial solutions. With a commitment to fostering financial growth, the organization served 35,968 members in 2022, providing access to fair and reasonable credit, promoting savings habits, and empowering individuals to manage their finances for mutual benefit.

By prioritizing lifelong personal service, Greater Iowa Credit Union builds strong relationships with its members, ensuring that their financial needs and goals are met. This approach not only supports individual members but also contributes to the economic well-being of the community at large.

Moreover, the credit union strives to be a pace setter in the financial services industry, continually seeking to enhance its offerings and stay at the forefront of innovation. This dedication to growth and improvement helps to elevate the standards of financial service within Iowa, benefiting both the credit union members and the community as a whole.




This information is meant to be a general summary of Greater Iowa 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
$28,864,385 (2022)
Expenses
$26,035,092 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$225,895
  • Program Service Revenue: $22,139,565
  • Gross Receipts: $28,864,385

Assets and Liabilities:

  • Total Assets: $656,755,237
  • Total Liabilities: $605,448,745
  • Net Assets: $51,306,492

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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

$22,139,565

Organization Details

Founding Year

1932

Principal Officer

Scott Zahnle

Main Address

1509 BALTIMORE DRIVE, AMES, IA, 500108783

NTEE Category

Code: Z99 - Unknown

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