Summit Ridge Credit Union

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

EIN: 446013148 ✦ Lees summit, MO ✦ Designated as a 501(c)(14)

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Overview

What is Summit Ridge Credit Union?

Summit Ridge Credit Union is a small nonprofit organization situated in Lees Summit, Missouri. With a membership base of 1,842 individuals, this credit union is dedicated to offering financial and related services. Their primary mission is to provide top-notch financial support to their members, aiming to improve their financial health while maintaining the credit union's financial stability. The team, comprised of just five employees, works tirelessly to deliver these financial services with care and precision.


Official website here: www.mysrcu.com

Is Summit Ridge Credit Union legitimate?

Summit Ridge Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Summit Ridge 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: $186,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,178

For more financial information, click here


Official website here: www.mysrcu.com

What is the mission statement of Summit Ridge Credit Union?

Summit Ridge Credit Union is committed to delivering top-notch financial services to its members, aiming to enhance their financial well-being. This is achieved while simultaneously ensuring the financial stability of the credit union itself. The credit union provides a range of financial and financially related services to its 1,842 members. Its mission is centered around improving the financial health of its members, thereby contributing to their overall quality of life. The credit union strives to maintain its financial strength, ensuring it can continue to provide these services effectively.


Official website here: www.mysrcu.com

Who is the CEO of Summit Ridge Credit Union?

Sharri Wardlow is the Chairperson of Summit Ridge Credit Union.


Official website here: www.mysrcu.com

What is the revenue of Summit Ridge Credit Union?

Summit Ridge Credit Union's revenue in 2022 was $995,532.


Official website here: www.mysrcu.com

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

The average compensation at Summit Ridge Credit Union during 2022 was $68,485. There are 5 employees and 10 volunteers at Summit Ridge Credit Union.


Here are 9 key members and their salaries:


Norman Beeman (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Wise (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Bronson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Francis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Galate (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harvey Heidbreder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Rempe (President (Retired))
  • Compensation: $144,615
  • Related: $0
  • Other: $5,434
Sharri Wardlow (President)
  • Compensation: $35,000
  • Related: $0
  • Other: $1,200


Official website here: www.mysrcu.com

Where can I find the form 990 for Summit Ridge Credit Union?

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


Official website here: www.mysrcu.com

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

Mission Statement of Summit Ridge Credit Union

Summit Ridge Credit Union, a financial institution dedicated to its members, is committed to providing top-notch financial services. Its mission is twofold: firstly, it aims to enhance the financial well-being of its members. By offering high-quality financial services, the credit union seeks to empower its members to make sound financial decisions and improve their overall financial health. Secondly, Summit Ridge Credit Union is dedicated to maintaining its own financial strength. This ensures the credit union's long-term viability and its ability to continue providing these essential services to its members. By balancing these two objectives, Summit Ridge Credit Union strives to create a mutually beneficial relationship with its members, providing them with the financial support they need while also safeguarding the credit union's financial stability.

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Impact




October, 2024

Summit Ridge Credit Union has a significant impact on the financial well-being of its 1,842 members in Lee's Summit, Missouri. By providing high-quality financial services, the credit union enhances the financial strength of its members, helping them achieve their personal and financial goals. The focus on maintaining the credit union's financial stability ensures that members can access reliable services and resources, fostering a supportive community for individuals seeking to improve their financial literacy and stability. This commitment to quality service not only benefits individual members but also contributes to the overall economic health of the local community.




This information is meant to be a general summary of Summit Ridge 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
$995,532 (2022)
Expenses
$969,623 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $89,652
  • Program Service Revenue: $905,880
  • Gross Receipts: $995,532

Assets and Liabilities:

  • Total Assets: $22,613,335
  • Total Liabilities: $20,974,602
  • Net Assets: $1,638,733

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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

$732,902

FEES & OTHER INCOME

Revenue

$170,978

WARRANTY SALES

Revenue

$2,000

Organization Details

Founding Year

1955

Principal Officer

Sharri Wardlow

Main Address

3485 NE RALPH POWELL ROAD, LEES SUMMIT, MO, 640642361

NTEE Category

Code: Z99 - Unknown

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