Community Choice Credit Union

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

EIN: 420778245 ✦ Johnston, IA ✦ Designated as a 501(c)(14)

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Overview

What is Community Choice Credit Union?

Community Choice Credit Union, based in Johnston, Iowa, is a member-focused financial institution with a mission to exceedingly satisfy the financial requirements of its 50,264 members. As a full-service financial provider, they offer a range of products including mortgages and safe deposit boxes. With 217 dedicated employees, the credit union strives to delight not only its members but also its employees and the communities it serves. Boasting low-interest loans and higher-rate deposits, Community Choice Credit Union is committed to surpassing the expectations of those it serves.


Official website here: www.comchoicecu.org

Is Community Choice Credit Union legitimate?

Community Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Choice 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: $3,884,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,387,824

For more financial information, click here


Official website here: www.comchoicecu.org

What is the mission statement of Community Choice Credit Union?

Community Choice Credit Union is committed to fulfilling the financial needs and desires of its members in an unexpectedly delightful manner. This mission statement extends to serving their employees and communities as well. As a full-service financial provider, the credit union offers low-rate loans and higher-rate deposits. Their offerings range from mortgage loans to safe deposit boxes. The membership count, as of December 31, 2022, was 50,264. The team at Community Choice Credit Union strives to go above and beyond in providing financial services to its diverse membership base, aiming to bring joy and satisfaction to every member interaction.


Official website here: www.comchoicecu.org

Who is the CEO of Community Choice Credit Union?

Josh Cook is the Board Chair of Community Choice Credit Union. The CEO's salary of Community Choice Credit Union is $689,403 and their total compensation is $717,684.


Official website here: www.comchoicecu.org

What is the revenue of Community Choice Credit Union?

Community Choice Credit Union's revenue in 2022 was $39,072,921.


Official website here: www.comchoicecu.org

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

The average compensation at Community Choice Credit Union during 2022 was $56,554. There are 217 employees at Community Choice Credit Union.


Here are 23 key members and their salaries (Community Choice Credit Union's CEO's salary is $689,403 and their total compensation is $717,684):


Randy Dickey (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Yamen (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikel Koschmeder (Board Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mcentee (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Zinkula (Audit Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Degraff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Farrell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenna Finnerty (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Kurovski (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Cook (Ceo)
  • Compensation: $689,403
  • Related: $0
  • Other: $28,281
Brian Curtin (Clo)
  • Compensation: $293,566
  • Related: $0
  • Other: $49,829
Erik Sorensen (Cfo)
  • Compensation: $220,722
  • Related: $0
  • Other: $43,024
Timothy Wallen (Coo)
  • Compensation: $221,491
  • Related: $0
  • Other: $40,247
Judith Willis (Vp Human Resources)
  • Compensation: $211,921
  • Related: $0
  • Other: $37,780
Kelley Quick (Vp Retial Payment Systems)
  • Compensation: $198,963
  • Related: $0
  • Other: $30,681
Stephen Bakken (Vp Commercial Lending)
  • Compensation: $181,908
  • Related: $0
  • Other: $34,363
Joshua Murphy (Vp Retail Banking)
  • Compensation: $179,843
  • Related: $0
  • Other: $36,220
David Jordan (Vp Mortgage Lending)
  • Compensation: $174,129
  • Related: $0
  • Other: $34,197
Kayla Nelson (Mortgage Loan Officer)
  • Compensation: $308,303
  • Related: $0
  • Other: $51,906
Joseph Hayhoe (Mortgage Loan Officer)
  • Compensation: $208,130
  • Related: $0
  • Other: $38,182
Gary Brown (Director Of Consumer Loan Operations)
  • Compensation: $173,688
  • Related: $0
  • Other: $31,806
Chris Punke (Vp Digital Services)
  • Compensation: $173,027
  • Related: $0
  • Other: $34,123
Chad Brewer (Mortgage Loan Officer)
  • Compensation: $133,891
  • Related: $0
  • Other: $24,855


Official website here: www.comchoicecu.org

Where can I find the form 990 for Community Choice Credit Union?

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


Official website here: www.comchoicecu.org

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

Mission Statement of Community Choice Credit Union

Community Choice Credit Union, a financial institution dedicated to its members, aspires to surpass their financial expectations with unexpected delight. By doing so, the organization aims to please not only its members but also its employees and the communities it serves.

At the heart of Community Choice Credit Union's mission lies the commitment to fulfilling the financial needs and wants of its members. This dedication drives the credit union to provide a comprehensive range of financial services, from mortgage loans to safe deposit boxes.

In their pursuit of delighting their members, Community Choice Credit Union offers competitive loan rates and attractive deposit rates. Boasting a membership of over 50,000 individuals as of December 31, 2022, the credit union has succeeded in making a difference in the lives of its members.

The organization's team is constantly striving to exceed the expectations of their clients, ensuring that their financial solutions cater to the unique requirements of each member. By fostering a culture of satisfaction and delight, Community Choice Credit Union distinguishes itself as a credit union that truly puts its members first.

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Impact




October, 2024

Community Choice Credit Union positively impacts its members and the community by providing a comprehensive range of financial services designed to meet diverse needs. With a mission focused on fulfilling the financial wants and needs of its members, the credit union consistently seeks to exceed expectations in service delivery.

By offering low-rate loans and higher-rate deposits, Community Choice ensures that its members benefit from favorable financial products. This approach not only helps individuals manage their finances more effectively but also fosters a sense of community by promoting financial well-being among its 50,264 members as of December 31, 2022.

Additionally, the credit union contributes to the local economy through its variety of services, which include everything from mortgage loans to safe deposit boxes. By supporting both personal and community financial health, Community Choice Credit Union plays a vital role in enhancing the quality of life for its members and the surrounding community.




This information is meant to be a general summary of Community Choice 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
$39,072,921 (2022)
Expenses
$33,641,930 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,434,739
  • Program Service Revenue: $37,638,182
  • Gross Receipts: $39,887,869

Assets and Liabilities:

  • Total Assets: $797,520,469
  • Total Liabilities: $713,881,135
  • Net Assets: $83,639,334

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Programs

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

LOAN INTEREST

Revenue

$26,709,038

CUSTOMER SERVICE FEES

Revenue

$10,929,144

Organization Details

Founding Year

1953

Principal Officer

Josh Cook

Main Address

PO BOX 1405, JOHNSTON, IA, 50131

NTEE Category

Code: W60 - Public benefit

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