Mazuma Credit Union

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

EIN: 440544335 ✦ Overland park, KS ✦ Designated as a 501(c)(14)

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Overview

What is Mazuma Credit Union?

Mazuma Credit Union is a non-profit financial institution dedicated to enhancing the communities of Cass, Jackson and Clay Counties in Missouri and Johnson and Wyandotte Counties in Kansas. With a membership base of 39,533 individuals, they offer a range of services including checking and transaction accounts, account services, and deposit services. Their mission is to make Kansas City a better place to live, work, and bank by providing lending, savings, and financial services to their members. Mazuma Credit Union strives to improve the local area through its non-profit status and financial offerings.


Official website here: www.mazuma.org

Is Mazuma Credit Union legitimate?

Mazuma Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mazuma 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: $2,495,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,881,179

For more financial information, click here


Official website here: www.mazuma.org

What is the mission statement of Mazuma Credit Union?

Mazuma Credit Union is a non-profit financial institution dedicated to enhancing the quality of life in its community. By offering lending, savings, and financial services to its membership, Mazuma Credit Union aims to make a positive impact. The organization's programs include transaction and checking account services for over 39,000 members, as well as deposit services for nearly 72,000 members. Mazuma Credit Union's mission is to provide essential financial resources to its members, contributing to the overall betterment and well-being of the community.


Official website here: www.mazuma.org

Who is the CEO of Mazuma Credit Union?

Brandon Michaels is the Principal Officer of Mazuma Credit Union. The CEO's salary of Mazuma Credit Union is $421,974 and their total compensation is $458,131.


Official website here: www.mazuma.org

What is the revenue of Mazuma Credit Union?

Mazuma Credit Union's revenue in 2022 was $55,384,302.


Official website here: www.mazuma.org

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

The average compensation at Mazuma Credit Union during 2022 was $49,475. There are 331 employees and 15 volunteers at Mazuma Credit Union.


Here are 25 key members and their salaries (Mazuma Credit Union's CEO's salary is $421,974 and their total compensation is $458,131):


Jeff Westmeyer (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Durbin (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Johnson (Bod/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ike Nwabuonwu (V. Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Petry (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lathrop (Bod/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Cates (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Frymer (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Reck (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clifton Carney (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Cleaver (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deonne Christensen (Ceo)
  • Compensation: $421,974
  • Related: $0
  • Other: $36,157
Justin Mouzoukos (Cfo)
  • Compensation: $275,663
  • Related: $0
  • Other: $28,964
Daniel Engelhard (Clo)
  • Compensation: $272,923
  • Related: $0
  • Other: $36,855
Brad Rein (Cio)
  • Compensation: $254,326
  • Related: $0
  • Other: $35,041
Michelle Wood (Chief Culture & Diversity And Inclusion Officer)
  • Compensation: $246,566
  • Related: $0
  • Other: $38,214
John Brown (Vp Technology)
  • Compensation: $185,398
  • Related: $0
  • Other: $26,784
Sereptha J Helm (Chief Member Officer)
  • Compensation: $230,338
  • Related: $0
  • Other: $37,339
Lauren Clement (Vp Mortgage Operations)
  • Compensation: $157,818
  • Related: $0
  • Other: $32,774
Sean Voth (Vp Consumer Lending)
  • Compensation: $156,578
  • Related: $0
  • Other: $21,372
Michael Schreck (Vp Risk Management)
  • Compensation: $144,640
  • Related: $0
  • Other: $34,266
Bill Sherman (Wealth Management Officer)
  • Compensation: $191,453
  • Related: $0
  • Other: $26,455
Cathy Solomon (Vp Branch Operations)
  • Compensation: $135,679
  • Related: $0
  • Other: $17,343
Mark Thompson (Vp Growth)
  • Compensation: $173,796
  • Related: $0
  • Other: $33,080
Timothy J Scheer (Vp Retail Operations)
  • Compensation: $144,159
  • Related: $0
  • Other: $32,634


Official website here: www.mazuma.org

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

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


Official website here: www.mazuma.org

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

Mission Statement of Mazuma Credit Union

Mazuma Credit Union, a leading non-profit financial institution, is dedicated to enhancing the quality of life in the communities it serves by offering lending, savings, and financial services to its members. Located in Missouri and Kansas, this credit union's mission is to make a difference in the places it calls home.

By providing essential financial services, Mazuma Credit Union empowers its members to manage their money effectively. With a strong focus on lending, the credit union helps individuals and families realize their financial goals through various loan products. Moreover, Mazuma Credit Union's savings services enable members to build a solid financial foundation for the future.

In addition to its core financial offerings, Mazuma Credit Union takes pride in its commitment to its members. The institution caters to the needs of over 39,533 checking account holders and 71,658 deposit account members, ensuring they receive personalized attention and service. Through its comprehensive suite of account services, Mazuma Credit Union fosters long-lasting relationships with its members, making a positive impact on their financial well-being.

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Impact




October, 2024

Mazuma Credit Union significantly enhances the quality of life in the Kansas City area by providing essential lending, savings, and financial services tailored to its community. With a focus on serving over 39,000 members through checking account and transaction services, and offering deposit services to nearly 72,000 members, Mazuma plays a vital role in promoting financial well-being. Their commitment to making Kansas City a better place to live, work, and bank is reflected in their dedication to improving accessibility to financial resources, thereby fostering economic stability in Cass, Jackson, and Clay Counties in Missouri, as well as Johnson and Wyandotte Counties in Kansas. Through various programs, Mazuma Credit Union not only supports individual financial growth but also contributes to the broader economic development of the region, making a positive and lasting impact on the communities they serve.




This information is meant to be a general summary of Mazuma 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
$55,384,302 (2022)
Expenses
$49,259,039 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,822,725
  • Program Service Revenue: $52,561,577
  • Gross Receipts: $55,384,302

Assets and Liabilities:

  • Total Assets: $928,906,481
  • Total Liabilities: $833,376,093
  • Net Assets: $95,530,388

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Programs

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

INCOME ON LOANS

Revenue

$34,669,243

SERVICE FEES/OTHER

Revenue

$17,423,407

FINANCE & INSURANCE

Revenue

$468,927

Organization Details

Founding Year

1949

Principal Officer

Brandon Michaels

Main Address

7260 W 135TH STREET, OVERLAND PARK, KS, 66223

NTEE Category

Code: W60 - Public benefit

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