Credit Union Of America

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

EIN: 480477295 ✦ Wichita, KS ✦ Designated as a 501(c)(14)

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Overview

What is Credit Union Of America?

Credit Union of America is a nonprofit organization based in Wichita, Kansas. With a membership base of over 91,000 individuals, it offers various financial and related services. The organization provides lending, savings, and financial solutions, encompassing consumer loans, real estate loans, credit cards, savings and certificate accounts, investment options, and multiple methods for members to access their financial services. The mission of Credit Union of America is to offer these financial services for mutual benefit. It employs a team of 361 individuals to help members manage their finances effectively.


Official website here: www.cuofamerica.com

Is Credit Union Of America legitimate?

Credit Union Of America is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of America 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: $2,634,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,373,417

For more financial information, click here


Official website here: www.cuofamerica.com

What is the mission statement of Credit Union Of America?

Credit Union of America focuses on providing lending, savings, and financial services for its members. Their offerings include consumer loans, real estate loans, credit cards, savings and certificate accounts, and investment options. Members have multiple methods to access their financial services and resources. The mission of Credit Union of America is to offer these financial services cooperatively, with a membership-driven purpose. They serve a community of 91,208 individuals.


Official website here: www.cuofamerica.com

Who is the CEO of Credit Union Of America?

Frank Shoffner is the Ceo of Credit Union Of America. The CEO's salary of Credit Union Of America is $887,214 and their total compensation is $1,034,250.


Official website here: www.cuofamerica.com

What is the revenue of Credit Union Of America?

Credit Union Of America's revenue in 2022 was $79,212,400.


Official website here: www.cuofamerica.com

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

The average compensation at Credit Union Of America during 2022 was $49,883. There are 361 employees and 14 volunteers at Credit Union Of America.


Here are 21 key members and their salaries (Credit Union Of America's CEO's salary is $887,214 and their total compensation is $1,034,250):


Richard Gilstrap (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Lang (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Longhofer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Kay Glasner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kienzie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Singleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Briggeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clinton Koker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Shoffner (Ceo)
  • Compensation: $887,214
  • Related: $0
  • Other: $147,036
Paul Meissner (Cfo (Retired))
  • Compensation: $308,089
  • Related: $0
  • Other: $23,053
Eileen Phelps (Coo)
  • Compensation: $283,671
  • Related: $0
  • Other: $84,723
Lee Ann Gabbert (Cao)
  • Compensation: $262,261
  • Related: $0
  • Other: $71,032
David Germann (Clo)
  • Compensation: $264,219
  • Related: $0
  • Other: $71,947
Gopi Menon (Cio (Terminated))
  • Compensation: $244,695
  • Related: $0
  • Other: $74,916
Sam Grove (Cfo)
  • Compensation: $193,055
  • Related: $0
  • Other: $12,925
Glenda Burkett (Corp Giving/Communications/Marketing Director)
  • Compensation: $311,278
  • Related: $0
  • Other: $25,364
Pam Hildebrand (Re Loan Officer)
  • Compensation: $207,597
  • Related: $0
  • Other: $22,542
Heather Baker (Re Loan Officer)
  • Compensation: $169,329
  • Related: $0
  • Other: $16,154
Jim Jacobs (Svp Risk, Accounting & Finance)
  • Compensation: $162,770
  • Related: $0
  • Other: $11,930
Ernest Warren (Vp Real Estate Lending)
  • Compensation: $157,305
  • Related: $0
  • Other: $15,557


Official website here: www.cuofamerica.com

Where can I find the form 990 for Credit Union Of America?

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


Official website here: www.cuofamerica.com

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

Mission Statement of Credit Union Of America

Credit Union of America, a leading financial institution, is dedicated to providing lending, savings, and financial services for the mutual benefit of its members. With a mission to empower its members, this organization offers a wide range of financial products and resources.

Among the services Credit Union of America provides are consumer loans and real estate loans, allowing members to borrow funds for various personal and property-related needs. The organization also offers credit cards and savings and certificate accounts, enabling members to save for the future and manage their daily expenses. Additionally, members have access to investment options through the credit union, helping them grow their wealth.

Credit Union of America goes above and beyond by offering multiple methods for members to access their financial services. Members can easily manage their accounts through various channels, ensuring convenience and flexibility. By prioritizing its members' needs, Credit Union of America has built a strong community of over 91,208 individuals who trust and rely on the organization for their financial well-being.

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Impact




October, 2024

Credit Union of America significantly impacts its community by providing essential financial services tailored to meet the needs of its members. With a focus on mutual benefit, it offers a range of lending options, including consumer loans, real estate loans, and credit cards, empowering individuals to achieve their financial goals.

Additionally, it facilitates savings through various accounts, such as savings and certificate accounts, while also presenting investment options to enhance financial growth. Serving over 91,000 members in Wichita, Kansas, Credit Union of America ensures that its members have multiple ways to access their financial services, which fosters greater financial inclusion and stability within the community. By prioritizing member access and financial education, it plays a vital role in supporting the economic well-being of its members.




This information is meant to be a general summary of Credit Union Of America. 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
$79,212,400 (2022)
Expenses
$58,892,751 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,682,354
  • Program Service Revenue: $71,812,888
  • Gross Receipts: $81,487,338

Assets and Liabilities:

  • Total Assets: $1,405,805,782
  • Total Liabilities: $1,229,425,765
  • Net Assets: $176,380,017

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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

$50,345,815

VISA INTERCHANGE

Revenue

$9,802,442

FEES & OTHER CHARGES

Revenue

$7,587,159

INSURANCE SALES

Revenue

$2,793,566

RE ORIGINATION

Revenue

$686,601

Organization Details

Founding Year

1935

Principal Officer

Frank Shoffner

Main Address

PO BOX 47528, WICHITA, KS, 67201

NTEE Category

Code: W60 - Public benefit

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