Rimrock Credit Union

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

EIN: 810269867 ✦ Billings, MT ✦ Designated as a 501(c)(14)

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Overview

What is Rimrock Credit Union?

Rimrock Credit Union is a community-focused financial institution situated in Billings, Montana. Its primary purpose is to serve its members, offering a variety of consumer financial services. The credit union's mission is centered around providing financial support and resources to its members, thereby contributing positively to their financial well-being.


Official website here: www.rimrockcu.org

What do the Facebook reviews say about Rimrock Credit Union?

96% of 11 reviewers on Facebook recommend Rimrock Credit Union. Here is a summary of their reviews:

Most patrons describe the credit union as exceptionally friendly, emphasizing that the staff treats members like family. This personal touch appears to foster a positive atmosphere, making individuals feel valued and welcomed.

Overall, it seems Rimrock Credit Union successfully delivers on its promise to provide a supportive and community-oriented banking experience, which resonates well with its members.


This AI summary has been generated from reviews found on Facebook.

Is Rimrock Credit Union legitimate?

Rimrock Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rimrock 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: $247,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,967

For more financial information, click here


Official website here: www.rimrockcu.org

What is the mission statement of Rimrock Credit Union?

Rimrock Credit Union, as a financial institution, is committed to providing consumer-focused financial services. Its mission is centered around serving its members, aiming to meet their financial needs effectively. The credit union's operations are geared towards delivering various financial services to its members, ensuring they have access to reliable financial solutions. Although the information provided is limited, it is clear that Rimrock Credit Union prioritizes its members' financial well-being, acting as a reliable financial partner in their daily financial journeys.


Official website here: www.rimrockcu.org

Who is the CEO of Rimrock Credit Union?

Wade Mcfadden is the President of Rimrock Credit Union. The CEO's salary of Rimrock Credit Union is $156,000 and their total compensation is $156,000.


Official website here: www.rimrockcu.org

What is the revenue of Rimrock Credit Union?

Rimrock Credit Union's revenue in 2022 was $1,501,327.


Official website here: www.rimrockcu.org

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

The average compensation at Rimrock Credit Union during 2022 was $42,862. There are 10 employees and 7 volunteers at Rimrock Credit Union.


Here are 11 key members and their salaries (Rimrock Credit Union's CEO's salary is $156,000 and their total compensation is $156,000):


Jim Kraft (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Koerber (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Massey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Bettise (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Sayre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Ekblad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Ross (Supervisory Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Wyman (Supervisory Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandi Hickey (Clo)
  • Compensation: $91,658
  • Related: $0
  • Other: $0
Wade Mcfadden (Ceo)
  • Compensation: $156,000
  • Related: $0
  • Other: $0


Official website here: www.rimrockcu.org

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

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


Official website here: www.rimrockcu.org

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

Mission Statement of Rimrock Credit Union

Rimrock Credit Union, a financial institution, is dedicated to providing consumer financial services. Their mission is centered around serving their members, ensuring they have access to various financial services. This organization strives to make a positive impact on its members' financial well-being, offering a range of services designed to meet their financial needs.

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Impact




October, 2024

Rimrock Credit Union directly impacts the Billings, MT community by providing essential consumer financial services. By focusing on the financial needs of its members, the credit union fosters economic empowerment and supports financial literacy. Its commitment to personalized service helps individuals make informed decisions about their finances, ultimately leading to increased financial stability among its members.

In addition to financial products and services, Rimrock Credit Union contributes to the overall well-being of the community by promoting responsible financial practices and encouraging local engagement. This approach not only strengthens individual members but also enhances the economic landscape of Billings, creating a more vibrant and resilient local economy. Through its mission-driven focus, Rimrock Credit Union ensures that access to financial services is equitable and beneficial for the community it serves.




This information is meant to be a general summary of Rimrock 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
$1,501,327 (2022)
Expenses
$1,411,455 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $409,019
  • Program Service Revenue: $1,092,308
  • Gross Receipts: $1,501,327

Assets and Liabilities:

  • Total Assets: $57,398,405
  • Total Liabilities: -$14,262
  • Net Assets: $57,412,667

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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

$798,728

OTHER OPERATING INCOME

Revenue

$178,070

FEE INCOME

Revenue

$115,510

Organization Details

Founding Year

1949

Principal Officer

Wade Mcfadden

Main Address

952 CENTRAL AVE, BILLINGS, MT, 59102

NTEE Category

Code: W60 - Public benefit

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