Cooperative Credit Union

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

EIN: 480577273 ✦ Coffeyville, KS ✦ Designated as a 501(c)(14)

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Overview

What is Cooperative Credit Union?

Cooperative Credit Union is a nonprofit organization based in Coffeyville, Kansas. With a strong commitment to their community and membership area, they offer financial and related services to 3,213 members. Their mission is to lead as a financial service provider, ensuring they meet their members' financial needs effectively. The credit union employs a team of six dedicated individuals to deliver these services.


Official website here: www.cooperativecu.com

Is Cooperative Credit Union legitimate?

Cooperative Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperative 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: $110,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,251

For more financial information, click here


Official website here: www.cooperativecu.com

What is the mission statement of Cooperative Credit Union?

The Cooperative Credit Union, serving approximately 3,213 members, has positioned itself as a leader in providing financial and financially related services within its community and membership area. Their mission is centered around leading in the financial sector, aiming to offer their members comprehensive and reliable financial services.


Official website here: www.cooperativecu.com

Who is the CEO of Cooperative Credit Union?

Lyle Martin is the Chairperson of Cooperative Credit Union.


Official website here: www.cooperativecu.com

What is the revenue of Cooperative Credit Union?

Cooperative Credit Union's revenue in 2022 was $893,235.


Official website here: www.cooperativecu.com

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

The average compensation at Cooperative Credit Union during 2022 was $45,450. There are 6 employees and 10 volunteers at Cooperative Credit Union.


Here are 8 key members and their salaries:


Clyde Kastler (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Jenkins (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Shane Simmons (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Bookter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorene Richardson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyssa Baily (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcclellan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyle Martin (President)
  • Compensation: $91,451
  • Related: $0
  • Other: $18,999


Official website here: www.cooperativecu.com

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

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


Official website here: www.cooperativecu.com

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

Mission Statement of Cooperative Credit Union

Cooperative Credit Union, as the financial service leader in its community and membership area, is committed to providing a wide range of financial and financially related services to its 3,213 members. Its mission is to take a leading role in the financial sector, serving its members effectively and efficiently. The credit union's primary goal is to meet the financial needs of its members, ensuring they have access to the necessary financial tools and resources. By being the financial service leader, Cooperative Credit Union demonstrates its commitment to its members and the community at large, striving to provide exceptional service and financial solutions.

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Impact




October, 2024

Cooperative Credit Union serves as a vital financial resource in Coffeyville, KS, positively impacting the local community and its 3,213 members. By offering a variety of financial and financially related services, it helps individuals manage their finances effectively and fosters economic stability within the community.

The credit union's commitment to being a financial service leader enhances access to essential banking services, promoting financial literacy and empowerment among its members. This focus on community-oriented service ensures that members' needs are prioritized, supporting local economic growth and encouraging responsible financial practices.

Through its mission, Cooperative Credit Union strengthens connections within the community by providing tailored services that address the unique needs of its members. Its role in enhancing financial well-being contributes to a more resilient local economy, ultimately benefiting all residents of Coffeyville.




This information is meant to be a general summary of Cooperative 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
$893,235 (2022)
Expenses
$884,630 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $139,087
  • Program Service Revenue: $748,417
  • Gross Receipts: $893,235

Assets and Liabilities:

  • Total Assets: $22,035,931
  • Total Liabilities: $19,431,518
  • Net Assets: $2,604,413

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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

$552,688

FEES & OTHER INCOME

Revenue

$195,729

Organization Details

Founding Year

1937

Principal Officer

Lyle Martin

Main Address

PO BOX 687, COFFEYVILLE, KS, 673370687

NTEE Category

Code: W60 - Public benefit

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