Columbia Credit Union

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

EIN: 436041840 ✦ Columbia, MO ✦ Designated as a 501(c)(14)

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Overview

What is Columbia Credit Union?

Columbia Credit Union is a nonprofit financial institution situated in Columbia, Missouri. Its primary goal is to promote thrift among its members by offering them a platform to save and access credit at reasonable rates. The union serves its members' financial needs in a competitive yet sustainable manner, keeping future growth in perspective. By operating with a cooperative spirit, Columbia Credit Union aims to improve the community it serves and provides various fiscal and financial services. The union employs a dedicated team of 14 individuals who work towards meeting the financial requirements of their members.


Official website here: www.comomoneypeople.com

Is Columbia Credit Union legitimate?

Columbia Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Columbia 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: $229,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,799

For more financial information, click here


Official website here: www.comomoneypeople.com

What is the mission statement of Columbia Credit Union?

Columbia Credit Union is committed to serving the financial needs of its members in a sustainable and competitive manner, while maintaining a realistic perspective towards future growth. The union's mission is to promote thrift among its members by providing them with an opportunity to save and accumulate funds. It offers a source of credit at reasonable interest rates, allowing members to utilize and manage their money for their collective benefit. The union also aims to educate members on the prudent use of money and credit, operates in a spirit of cooperation, and strives to improve the community it serves, providing various financial and fiscal services.


Official website here: www.comomoneypeople.com

Who is the CEO of Columbia Credit Union?

Jennifer Heath is the Credit Union of Columbia Credit Union.


Official website here: www.comomoneypeople.com

What is the revenue of Columbia Credit Union?

Columbia Credit Union's revenue in 2022 was $1,358,036.


Official website here: www.comomoneypeople.com

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

The average compensation at Columbia Credit Union during 2022 was $33,748. There are 14 employees and 10 volunteers at Columbia Credit Union.


Here are 9 key members and their salaries:


Jennifer Heath (Credit Union)
  • Compensation: $151,886
  • Related: $0
  • Other: $19,069
Jennifer Archuleta (Vp Of Operat)
  • Compensation: $74,643
  • Related: $0
  • Other: $10,456
Bobby Chick (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Cole (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deven Lavere (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shara Meyer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susie Sapp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Wilson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Wymer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.comomoneypeople.com

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

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


Official website here: www.comomoneypeople.com

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

Mission Statement of Columbia Credit Union

Columbia Credit Union is dedicated to serving the financial needs of its members in a responsible and competitive manner, while maintaining a realistic perspective on future growth. This mission-driven organization seeks to promote thrift among its members, offering them the opportunity to save and accumulate funds. By providing an accessible source of credit at reasonable interest rates, Columbia Credit Union empowers its members to use and manage their money for their mutual benefit.

Beyond financial services, Columbia Credit Union aims to educate its members on the prudent use of money and credit. This includes instilling a cooperative spirit, where members work together for the collective benefit, rather than for personal gain. The union also strives to improve the community in which it operates, extending its reach beyond financial matters.

In summary, Columbia Credit Union's mission is to meet the financial needs of its members in a competitive and sustainable manner. By fostering thrift, providing affordable credit, and promoting financial literacy, the union empowers its members to manage their finances effectively. Additionally, it plays a role in community development, contributing to its overall improvement.

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Impact




October, 2024

Columbia Credit Union plays a vital role in enhancing the financial well-being of its members and the community at large. By focusing on promoting thrift, it empowers individuals to accumulate savings, providing them with a strong foundation for their financial futures. The credit union creates access to credit at fair and reasonable interest rates, ensuring that members can meet their financial needs without facing excessive costs.

Additionally, Columbia Credit Union emphasizes the importance of financial education, equipping members with the knowledge to make informed decisions regarding money and credit management. This commitment fosters responsible financial practices that benefit not only individual members but also contribute to the overall economic health of Columbia, MO.

Operating with a cooperative spirit, the credit union prioritizes the mutual benefits of its members over profit. This collaborative approach helps strengthen community ties while improving local economic conditions. Overall, Columbia Credit Union's impact is reflected in its dedication to serving financial needs, promoting education, and supporting community growth.




This information is meant to be a general summary of Columbia 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
$1,358,036 (2022)
Expenses
$1,208,418 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $100,506
  • Program Service Revenue: $972,611
  • Gross Receipts: $1,366,066

Assets and Liabilities:

  • Total Assets: $31,397,115
  • Total Liabilities: $28,867,002
  • Net Assets: $2,530,113

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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

$972,611

Organization Details

Founding Year

1935

Principal Officer

Jennifer Heath

Main Address

310 EAST WALNUT STREET, COLUMBIA, MO, 65201

NTEE Category

Code: Z99 - Unknown

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