Capitol View Credit Union

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

EIN: 420742483 ✦ Des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is Capitol View Credit Union?

Capitol View Credit Union is a member-owned financial institution, primarily catering to the state of Iowa's employees and their families. Established in Des Moines, Iowa, it had a membership of 1,900 as of December 31, 2022. The credit union offers various loan options such as auto loans, home equity loans, mortgage loans, personal loans, private student loans, and credit card loans. Its loan rates are typically lower than competitors, and members can access their accounts through multiple channels, including the credit union's office, the internet, ATM machines, debit or credit cards, and a shared branching network of over 5,000 locations nationwide. The credit union's mission is to provide financial services at fair and reasonable rates and terms, maintaining a small-town touch. It aims to combine this warmth with big-city services, fostering responsible financing and helping members achieve their financial goals. The credit union employs a team of nine individuals.


Official website here: www.capview.com

Is Capitol View Credit Union legitimate?

Capitol View Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Capitol View 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: $259,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $238,591

For more financial information, click here


Official website here: www.capview.com

What is the mission statement of Capitol View Credit Union?

Capitol View Credit Union, as a member-owned financial institution, is dedicated to serving its members with high-quality, cost-effective financial products and services. The credit union values the personal relationships and honesty that a smaller institution can offer, while also providing the services typically associated with larger financial entities. By blending small-town relationships with big-city services, Capitol View Credit Union aims to provide its members with responsible financing opportunities. The credit union is committed to helping its members achieve their financial goals by offering user-friendly and beneficial services. In 2022, the credit union served a total of 1,900 members.


Official website here: www.capview.com

Who is the CEO of Capitol View Credit Union?

Benjamin Sheridan is the Chairman of Capitol View Credit Union. The CEO's salary of Capitol View Credit Union is $77,753 and their total compensation is $87,879.


Official website here: www.capview.com

What is the revenue of Capitol View Credit Union?

Capitol View Credit Union's revenue in 2022 was $1,762,812.


Official website here: www.capview.com

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

The average compensation at Capitol View Credit Union during 2022 was $55,312. There are 9 employees at Capitol View Credit Union.


Here are 11 key members and their salaries (Capitol View Credit Union's CEO's salary is $77,753 and their total compensation is $87,879):


Carl Martin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Mccormick (Cfo Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Reed (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randal Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Scheetz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Radl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lilian Nwizu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Faber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Willer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Sheridan (Ceo)
  • Compensation: $77,753
  • Related: $0
  • Other: $10,126
Brent Kowalsky (Former Ceo)
  • Compensation: $138,933
  • Related: $0
  • Other: $19,761


Official website here: www.capview.com

Where can I find the form 990 for Capitol View Credit Union?

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


Official website here: www.capview.com

Learn more at the official website: www.capview.com

Mission Statement of Capitol View Credit Union

Capitol View Credit Union, a member-owned financial institution, is dedicated to serving its members with high-quality, cost-effective financial products and services. This credit union values the small-town relationships and honesty that a smaller institution can offer, while simultaneously providing the big-city services required for responsible financing. Capitol View Credit Union is committed to its members, offering them helpful, user-friendly services that aim to help them achieve their financial goals. In 2022, the credit union served a total of 1,900 members.

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Impact




October, 2024

Capitol View Credit Union plays a significant role in the financial well-being of its members, primarily composed of state employees in Iowa and their families. With a membership of 1,900 as of the end of 2022, the credit union offers a range of financial products including auto loans, home equity loans, mortgage loans, personal loans, private student loans, and credit cards.

By providing these services at fair and reasonable rates that are typically lower than competitors, Capitol View Credit Union ensures that its members can access affordable financing options to meet their diverse needs. The combination of personalized service and competitive pricing embodies the credit union's commitment to fostering small-town relationships while offering the convenience of modern financial services.

Members benefit from various access points to their accounts, including in-branch services, online access, ATMs, and a shared branching network that links them to over 5,000 locations nationwide. This multi-faceted access not only enhances convenience but also strengthens the credit union's role in promoting financial literacy and stability within the community.

Overall, Capitol View Credit Union's focus on quality, cost-effective financial solutions and commitment to member service contributes significantly to the financial empowerment of its members and the larger community in Des Moines, Iowa.




This information is meant to be a general summary of Capitol View 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
$1,762,812 (2022)
Expenses
$1,404,184 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $343,535
  • Program Service Revenue: $987,550
  • Gross Receipts: $1,762,812

Assets and Liabilities:

  • Total Assets: $44,234,182
  • Total Liabilities: $37,754,656
  • Net Assets: $6,479,526

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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

$910,490

CREDIT CARD INTEREST

Revenue

$77,060

Organization Details

Founding Year

1944

Principal Officer

Benjamin Sheridan

Main Address

623 E 12TH STREET, DES MOINES, IA, 50319

NTEE Category

Code: W60 - Public benefit

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