Serve Credit Union

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

EIN: 420773825 ✦ Des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is Serve Credit Union?

Serve Credit Union is a financially-focused nonprofit organization that prioritizes offering competitive rates and diverse financial products to its membership, which is committed to community services. Led by Jami Weems, the credit union aims to provide friendly service to its members, demonstrating a dedication to community-oriented initiatives. The institution's mission is to grow and excel in delivering these services, ensuring its members can thrive financially while contributing positively to their communities.


Official website here: www.servecu.org

Is Serve Credit Union legitimate?

Serve Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Serve 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.servecu.org

What is the mission statement of Serve Credit Union?

Serve Credit Union's mission is centered around expansion, aiming to offer exceptional interest rates, competitive financial products, and warm customer service to a membership committed to community services. The credit union's goal is to continually grow and enhance its offerings, catering to a membership that is deeply involved in community-oriented activities.


Official website here: www.servecu.org

Who is the CEO of Serve Credit Union?

Jami Weems is the Board Member of Serve Credit Union.


Official website here: www.servecu.org

What is the revenue of Serve Credit Union?

Serve Credit Union's revenue in 2022 was $4,223,581.


Official website here: www.servecu.org

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

There are 24 employees and 11 volunteers at Serve Credit Union.


Here are 11 key members and their salaries:


Alex Baranosky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Brockman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Bruce (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Haigh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Haigh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Hartman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Hays (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Mcclusky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Morgan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Ness (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Xayavong (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.servecu.org

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

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


Official website here: www.servecu.org

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

Mission Statement of Serve Credit Union

Serve Credit Union, a community-focused credit union, is committed to expanding its offerings. Their mission is to provide exceptional interest rates, competitive financial products, and friendly service to a membership that is deeply invested in community services. This financial institution is driven by the goal of enhancing the financial well-being of its members while contributing positively to their communities. Jami Weems heads this organization, guiding its growth and ensuring its commitment to serving its members and their communities effectively.

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Impact




October, 2024

Serve Credit Union plays a vital role in the Des Moines community by offering exceptional rates and competitive financial products tailored to the needs of its members. Under the leadership of Jami Weems, the credit union focuses on delivering friendly service to a membership that is deeply committed to community services. This emphasis on community engagement not only strengthens the financial well-being of individual members but also fosters a sense of collective responsibility and support within the locale. By prioritizing accessible, high-quality financial solutions, Serve Credit Union effectively contributes to the overall economic health and vitality of the community it serves.




This information is meant to be a general summary of Serve 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
$4,223,581 (2022)
Expenses
$3,365,122 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $107,390
  • Program Service Revenue: $4,116,191
  • Gross Receipts: $4,223,581

Assets and Liabilities:

  • Total Assets: $98,485,699
  • Total Liabilities: $84,597,541
  • Net Assets: $13,888,158

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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

$3,146,927

MISCELLANEOUS INCOME

Revenue

$744,081

FEE INCOME

Revenue

$225,183

Organization Details

Founding Year

1932

Principal Officer

Jami Weems

Main Address

423 EAST COURT AVENUE, DES MOINES, IA, 50309

NTEE Category

Code: W60 - Public benefit

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