United Savings Credit Union

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

EIN: 450226667 ✦ Fargo, ND ✦ Designated as a 501(c)(14)

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Overview

What is United Savings Credit Union?

United Savings Credit Union is a nonprofit organization situated in Fargo, North Dakota, specifically at 1001 1st Avenue N, 58102. Their primary purpose is to offer financial services to their membership base. The credit union is committed to helping its members achieve financial freedom through strong, trustworthy relationships. With a team of 24 dedicated employees, United Savings Credit Union provides a range of financial services to its members. The organization does not disclose details about its global reach or specific programs, but its mission to empower financial freedom is clear.


Official website here: www.unitedsavingscu.org

Is United Savings Credit Union legitimate?

United Savings Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. United Savings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,327,721

For more financial information, click here


Official website here: www.unitedsavingscu.org

What is the mission statement of United Savings Credit Union?

United Savings Credit Union's mission is centered around empowering its members to achieve financial freedom. This is achieved through the establishment of reliable relationships. The credit union operates as a non-profit organization, offering financial services to its member base. It strives to build trust with its members, aiming to help them gain financial independence. The focus is on creating a strong foundation for its members' financial well-being. The credit union does not disclose specific details about the methods it employs to achieve this mission, but the overarching goal is clear: to assist its members in attaining financial freedom through trusted relationships.


Official website here: www.unitedsavingscu.org

Who is the CEO of United Savings Credit Union?

Jim Schaefbauer is the Chairman of United Savings Credit Union. The CEO's salary of United Savings Credit Union is $181,634 and their total compensation is $211,050.


Official website here: www.unitedsavingscu.org

What is the revenue of United Savings Credit Union?

United Savings Credit Union's revenue in 2022 was $4,118,860.


Official website here: www.unitedsavingscu.org

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

The average compensation at United Savings Credit Union during 2022 was $55,322. There are 24 employees and 8 volunteers at United Savings Credit Union.


Here are 9 key members and their salaries (United Savings Credit Union's CEO's salary is $181,634 and their total compensation is $211,050):


Charles Burnman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dahl (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Krieg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Majerus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hansen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doreen Klomstad (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Schaefbauer (President/Ceo)
  • Compensation: $181,634
  • Related: $0
  • Other: $29,416


Official website here: www.unitedsavingscu.org

Where can I find the form 990 for United Savings Credit Union?

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


Official website here: www.unitedsavingscu.org

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

Mission Statement of United Savings Credit Union

United Savings Credit Union, as a non-profit organization, is committed to building the financial freedom of its members through trusted relationships. This mission statement emphasizes the credit union's dedication to fostering financial well-being among its members by establishing trustworthy connections. By providing financial services, United Savings Credit Union aims to empower its members to achieve financial independence.

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Impact




October, 2024

United Savings Credit Union significantly impacts the Fargo, ND community by fostering financial independence and security for its members. By focusing on the core mission of building financial freedom through trusted relationships, the credit union creates a supportive environment where individuals can access a variety of financial services tailored to their needs. This commitment not only helps members achieve their financial goals but also strengthens the overall economic health of the community. Through personalized service and a dedication to public benefit, United Savings Credit Union plays a crucial role in empowering individuals and promoting financial literacy, ultimately contributing to a more vibrant and self-sufficient community.




This information is meant to be a general summary of United Savings 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
$4,118,860 (2022)
Expenses
$3,838,759 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $167,222
  • Program Service Revenue: $3,951,638
  • Gross Receipts: $4,118,860

Assets and Liabilities:

  • Total Assets: $81,665,733
  • Total Liabilities: $70,878,495
  • Net Assets: $10,787,238

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Programs

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

INCOME FROM LOANS

Revenue

$3,192,925

FEES AND CHARGES

Revenue

$629,008

OTHER INCOME

Revenue

$129,705

Organization Details

Founding Year

1935

Principal Officer

Jim Schaefbauer

Main Address

1001 1ST AVE N, FARGO, ND, 58102

NTEE Category

Code: W60 - Public benefit

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