Volt Credit Union

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

EIN: 440444090 ✦ Springfield, MO ✦ Designated as a 501(c)(14)

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Overview

What is Volt Credit Union?

Volt Credit Union is a nonprofit financial institution based in Springfield, Missouri, specifically at PO Box 1217. Its primary mission is to assist its 7,226 members in establishing financial stability over the long term. The credit union values exceptional member service, ensuring it remains a cornerstone of their operations. With a workforce of 38 employees, Volt Credit Union provides various financial and related services to its members, aiming to contribute positively to their financial well-being.


Official website here: www.voltcu.org

Is Volt Credit Union legitimate?

Volt Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Volt 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: $317,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $992,642

For more financial information, click here


Official website here: www.voltcu.org

What is the mission statement of Volt Credit Union?

Volt Credit Union's primary mission is centered around assisting its members in establishing lasting financial stability. This mission is consistently upheld by prioritizing exceptional member service. The credit union provides various financial and financially related services to a membership of 7,226 individuals. Their dedication to member service is a commitment that continues to shape their operations.


Official website here: www.voltcu.org

Who is the CEO of Volt Credit Union?

Christopher Moss is the Chairman of Volt Credit Union. The CEO's salary of Volt Credit Union is $240,486 and their total compensation is $278,226.


Official website here: www.voltcu.org

What is the revenue of Volt Credit Union?

Volt Credit Union's revenue in 2022 was $4,130,929.


Official website here: www.voltcu.org

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

The average compensation at Volt Credit Union during 2022 was $34,476. There are 38 employees and 9 volunteers at Volt Credit Union.


Here are 9 key members and their salaries (Volt Credit Union's CEO's salary is $240,486 and their total compensation is $278,226):


Bill Jameson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Tucker (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Peeters (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Decker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Rosenauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Roney (President/Ceo)
  • Compensation: $240,486
  • Related: $0
  • Other: $37,740
Shana Jahnke (Chief Operations Officer)
  • Compensation: $108,261
  • Related: $0
  • Other: $19,729


Official website here: www.voltcu.org

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

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


Official website here: www.voltcu.org

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

Mission Statement of Volt Credit Union

Volt Credit Union, a financial institution dedicated to its members, prioritizes assisting them in establishing long-term financial stability. This mission is underpinned by a strong commitment to providing exceptional member service, ensuring that it remains the primary focus and continues to be upheld. The credit union offers various financial and financially related services to its 7,226 members, working towards fostering their financial well-being.

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Impact




October, 2024

Volt Credit Union plays a significant role in enhancing the financial well-being of its members and the broader community in Springfield, MO. With a dedicated focus on providing financial services, it supports 7,226 members in building long-term financial security. The credit union emphasizes excellent member service, ensuring that individuals and families receive the guidance and resources they need to navigate their financial journeys effectively.

By offering a range of financial products and services, Volt Credit Union empowers its members to achieve their financial goals, whether that involves saving for a home, managing debt, or planning for retirement. This commitment to member success not only fosters individual growth but also contributes to the economic vitality of the community, reinforcing a culture of financial stability and support. Through these efforts, Volt Credit Union truly embodies its mission of delivering value to its members and enhancing public benefit.




This information is meant to be a general summary of Volt 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
$4,130,929 (2022)
Expenses
$3,886,485 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $259,263
  • Program Service Revenue: $3,845,169
  • Gross Receipts: $4,188,635

Assets and Liabilities:

  • Total Assets: $90,479,481
  • Total Liabilities: $83,143,139
  • Net Assets: $7,336,342

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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

$2,710,231

FEES & OTHER INCOME

Revenue

$1,099,785

WARRANTY SALES

Revenue

$35,153

Organization Details

Founding Year

1935

Principal Officer

Christopher Moss

Main Address

PO BOX 1217, SPRINGFIELD, MO, 658011217

NTEE Category

Code: W60 - Public benefit

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