Wheat State Credit Union

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

EIN: 486111926 ✦ Wichita, KS ✦ Designated as a 501(c)(14)

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Overview

What is Wheat State Credit Union?

Wheat State Credit Union is a cooperative financial institution, committed to serving its 3,396 members by offering them fair and reasonable credit options. Currently, the credit union has 2,073 outstanding loans totaling $20,318,946. By operating as a financial cooperative, Wheat State Credit Union provides its members with a reliable source of financial services, aiming to support their financial well-being.


Official website here: www.wheatstatecu.com

Is Wheat State Credit Union legitimate?

Wheat State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wheat State 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: $101,638
Professional Fundraising Fees: $0
Other Salaries and Wages: $342,370

For more financial information, click here


Official website here: www.wheatstatecu.com

What is the mission statement of Wheat State Credit Union?

Wheat State Credit Union operates as a cooperative financial institution, prioritizing its members by offering them credit at reasonable rates. With a current outstanding loan portfolio of $20,318,946, catering to 2,073 members, the credit union provides a range of financial services. Its mission is to serve its members by acting as a reliable source of credit, ensuring fair interest rates. This cooperative institution aims to enhance financial well-being within its member community.


Official website here: www.wheatstatecu.com

Who is the CEO of Wheat State Credit Union?

Doug Cheatum is the Chairperson of Wheat State Credit Union. The CEO's salary of Wheat State Credit Union is $82,682 and their total compensation is $101,638.


Official website here: www.wheatstatecu.com

What is the revenue of Wheat State Credit Union?

Wheat State Credit Union's revenue in 2022 was $1,999,955.


Official website here: www.wheatstatecu.com

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

The average compensation at Wheat State Credit Union during 2022 was $29,601. There are 15 employees and 8 volunteers at Wheat State Credit Union.


Here are 6 key members and their salaries (Wheat State Credit Union's CEO's salary is $82,682 and their total compensation is $101,638):


Leland Bittle (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Gray (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Burnside (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Forrest Ehmke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Schmelzer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Cheatum (President/Ceo)
  • Compensation: $82,682
  • Related: $0
  • Other: $18,956


Official website here: www.wheatstatecu.com

Where can I find the form 990 for Wheat State Credit Union?

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


Official website here: www.wheatstatecu.com

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

Mission Statement of Wheat State Credit Union

Wheat State Credit Union, as a cooperative financial institution, is committed to serving its members by offering them a reliable source of credit at reasonable interest rates. With a membership base of 3,396 individuals, the credit union currently has 2,073 outstanding loans totaling $20,318,946. By providing these financial services, Wheat State Credit Union empowers its members to manage their finances effectively, fostering financial stability and independence.

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Impact




October, 2024

Wheat State Credit Union plays a significant role in the Wichita, Kansas community by providing access to fair and reasonable credit. With a portfolio of 2,073 outstanding loans totaling over $20 million, it supports the financial needs of its 3,396 members. This cooperative financial institution empowers individuals by offering essential financial services, fostering economic stability, and promoting responsible borrowing. By prioritizing member needs, Wheat State Credit Union enhances the overall well-being of its community, contributing to a more robust local economy and ensuring that members can pursue their financial goals with confidence.




This information is meant to be a general summary of Wheat State 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
$1,999,955 (2022)
Expenses
$1,852,150 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $21,873
  • Program Service Revenue: $1,969,833
  • Gross Receipts: $1,999,955

Assets and Liabilities:

  • Total Assets: $24,510,704
  • Total Liabilities: $22,231,234
  • Net Assets: $2,279,470

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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

$1,323,878

FEES & OTHER INCOME

Revenue

$633,955

WARRANTY SALES

Revenue

$12,000

Organization Details

Founding Year

1963

Principal Officer

Doug Cheatum

Main Address

1400 SOUTH OLIVER, WICHITA, KS, 672183226

NTEE Category

Code: W60 - Public benefit

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