Foundation Credit Union

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

EIN: 440444355 ✦ Springfield, MO ✦ Designated as a 501(c)(14)

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Overview

What is Foundation Credit Union?

Foundation Credit Union is a nonprofit organization situated in Springfield, Missouri, specifically at 1726 W Elfindale Street. It serves a membership base of 3,116 individuals and is dedicated to delivering competitive financial services. The primary mission of this credit union is to improve the financial well-being of its members, ensuring they receive high-quality financial services. With a workforce of 18 employees, they strive to provide economically viable solutions, making a positive impact on the financial lives of their members.


Official website here: www.foundationcreditunion.com

Is Foundation Credit Union legitimate?

Foundation Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Foundation 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: $159,835
Professional Fundraising Fees: $0
Other Salaries and Wages: $494,942

For more financial information, click here


Official website here: www.foundationcreditunion.com

What is the mission statement of Foundation Credit Union?

Foundation Credit Union's mission is centered around providing high-quality, economically competitive financial services. Their primary commitment is to enhance the financial well-being of their members. In essence, they aim to serve as a trusted financial partner for their 3,116 members, ensuring their financial needs are met in a responsible and competitive manner.


Official website here: www.foundationcreditunion.com

Who is the CEO of Foundation Credit Union?

Stephanie Thomas is the Chairman of Foundation Credit Union. The CEO's salary of Foundation Credit Union is $147,405 and their total compensation is $159,835.


Official website here: www.foundationcreditunion.com

What is the revenue of Foundation Credit Union?

Foundation Credit Union's revenue in 2022 was $2,698,734.


Official website here: www.foundationcreditunion.com

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

The average compensation at Foundation Credit Union during 2022 was $36,376. There are 18 employees and 8 volunteers at Foundation Credit Union.


Here are 6 key members and their salaries (Foundation Credit Union's CEO's salary is $147,405 and their total compensation is $159,835):


Amber Salsman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Forest Owens (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Hudson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Forbes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chrysta Forrest (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Thomas (Ceo/President)
  • Compensation: $147,405
  • Related: $0
  • Other: $12,430


Official website here: www.foundationcreditunion.com

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

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


Official website here: www.foundationcreditunion.com

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

Mission Statement of Foundation Credit Union

Foundation Credit Union, with its mission, aims to be the reliable provider of financially competitive services. Their commitment extends beyond just offering quality financial products; they are dedicated to enhancing the financial well-being of their members. This mission underscores their belief in providing services that meet their members' needs efficiently and effectively. The credit union's primary goal is to ensure that its members can manage their finances effectively, thereby improving their overall financial standing.

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Impact




October, 2024

Foundation Credit Union plays a vital role in enhancing the financial well-being of its 3,116 members in Springfield, MO. By offering economically competitive financial services, it empowers individuals to make informed financial decisions and improve their economic stability. The credit union is committed to building trust and providing quality services, which not only aids its members personally but also contributes to the overall economic health of the community. Through its programs and support, Foundation Credit Union fosters financial literacy and security, ultimately promoting a stronger, more resilient local economy.




This information is meant to be a general summary of Foundation 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
$2,698,734 (2022)
Expenses
$2,265,788 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $259,704
  • Program Service Revenue: $2,429,030
  • Gross Receipts: $2,772,229

Assets and Liabilities:

  • Total Assets: $75,745,911
  • Total Liabilities: $65,591,137
  • Net Assets: $10,154,774

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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

$2,206,351

FEES & OTHER INCOME

Revenue

$209,690

WARRANTY SALES

Revenue

$12,989

Organization Details

Founding Year

1933

Principal Officer

Stephanie Thomas

Main Address

1726 W ELFINDALE STREET, SPRINGFIELD, MO, 658071289

NTEE Category

Code: W60 - Public benefit

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