Affinity Credit Union

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

EIN: 420794732 ✦ Des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is Affinity Credit Union?

Affinity Credit Union is a nonprofit financial institution situated in Des Moines, Iowa. Serving over 13,700 members in 2022, it offers a range of financial services such as savings, checking, and various loan options for both consumers, real estate, and businesses. The organization is dedicated to its mission of "building better lives" by working in the best interest of its members. It simplifies financial matters, provides solutions to help members achieve financial success, and actively contributes to enriching the local communities. Beyond these core services, Affinity Credit Union offers financial education and assistance to its members at all stages of life.


Official website here: www.affinitycuia.org

Is Affinity Credit Union legitimate?

Affinity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Affinity 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: $944,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,598,124

For more financial information, click here


Official website here: www.affinitycuia.org

What is the mission statement of Affinity Credit Union?

Affinity Credit Union's mission is centered around improving the lives of its members. This is achieved by acting in their best interests, simplifying financial matters, and offering solutions that aid in financial success. The credit union strives to enrich its communities as well. By providing a wide range of services such as savings, checking, and various loan options, Affinity Credit Union aims to cater to the financial needs of its 13,786 members in 2022. Furthermore, the institution offers financial assistance and education programs for individuals of all ages, demonstrating its commitment to its members' overall well-being.


Official website here: www.affinitycuia.org

Who is the CEO of Affinity Credit Union?

James Dean is the Ceo of Affinity Credit Union. The CEO's salary of Affinity Credit Union is $267,323 and their total compensation is $306,838.


Official website here: www.affinitycuia.org

What is the revenue of Affinity Credit Union?

Affinity Credit Union's revenue in 2022 was $8,183,836.


Official website here: www.affinitycuia.org

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

The average compensation at Affinity Credit Union during 2022 was $55,270. There are 46 employees and 10 volunteers at Affinity Credit Union.


Here are 13 key members and their salaries (Affinity Credit Union's CEO's salary is $267,323 and their total compensation is $306,838):


Cindi Summers (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Busch (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Roy Porter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie Ramsey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Quijano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Martens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dean (Ceo)
  • Compensation: $267,323
  • Related: $0
  • Other: $39,515
Heidi Shaw (Cfo)
  • Compensation: $176,175
  • Related: $0
  • Other: $40,526
Kris Laufer (Cmo)
  • Compensation: $141,894
  • Related: $0
  • Other: $10,862
Lindsay Slack (Vp Member Services)
  • Compensation: $133,770
  • Related: $0
  • Other: $9,259
Jeremy Smith (Vp Of Lending)
  • Compensation: $117,435
  • Related: $0
  • Other: $7,518


Official website here: www.affinitycuia.org

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

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


Official website here: www.affinitycuia.org

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

Mission Statement of Affinity Credit Union

Affinity Credit Union is committed to improving lives by working in the best interests of its members. Their mission is multifaceted, aiming to simplify financial matters, provide solutions for achieving financial success, and enrich their communities. By offering a wide array of services, including economical savings, checking, and deposit options, as well as consumer, real estate, and business loans, Affinity Credit Union seeks to cater to the diverse financial needs of its members.

Beyond financial services, Affinity Credit Union also extends its support through various financial assistance and educational programs. These initiatives are designed to benefit members of all ages, reflecting the credit union's dedication to fostering financial well-being across its membership base. In 2022, Affinity Credit Union served a total of 13,786 members, demonstrating its wide-ranging impact and commitment to its mission.

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Impact




October, 2024

Affinity Credit Union significantly impacts its community by providing accessible financial services and education that empower individuals and families to improve their financial well-being. With a mission focused on "building better lives," the credit union offers a variety of economical savings and checking options, as well as consumer, real estate, and business loans tailored to meet the diverse needs of its 13,786 members in 2022.

By prioritizing the best interests of its members, Affinity Credit Union simplifies financial management and offers solutions that foster financial success. Their commitment extends beyond mere transactions; they actively provide financial education and assistance to members of all ages, helping them navigate their personal financial journeys.

Additionally, Affinity's efforts contribute to enriching the communities they serve in Des Moines, Iowa, creating a ripple effect that enhances overall community well-being and economic health. Through these actions, Affinity Credit Union is not just a financial institution; it is a catalyst for positive change and growth in the lives of its members and the wider community.




This information is meant to be a general summary of Affinity 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
$8,183,836 (2022)
Expenses
$6,874,857 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $705,278
  • Program Service Revenue: $7,478,558
  • Gross Receipts: $8,562,290

Assets and Liabilities:

  • Total Assets: $144,688,009
  • Total Liabilities: $131,304,185
  • Net Assets: $13,383,824

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Programs

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

LOAN INTEREST

Revenue

$4,755,794

FEE INCOME

Revenue

$2,722,764

Organization Details

Founding Year

1949

Principal Officer

James Dean

Main Address

475 NW HOFFMAN LANE, DES MOINES, IA, 50313

NTEE Category

Code: W60 - Public benefit

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