Rocky Mountain Credit Union

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

EIN: 810283608 ✦ Helena, MT ✦ Designated as a 501(c)(14)

Overview

What is Rocky Mountain Credit Union?

The Rocky Mountain Credit Union, based in Helena, Montana, is a member-owned financial cooperative serving over 24,000 residents primarily from Montana. With a commitment to enhancing their members' lives, the credit union offers a range of financial services including counseling, education, and insurance protection. In addition, they provide settlement, correspondence, investment, loan education, and other services tailored to their members' needs. By partnering with their members, Rocky Mountain Credit Union aims to build trust and respect while ensuring a secure and service-focused environment. Their team of 119 dedicated employees supports this mission.


Official website here: www.rmcu.net

Is Rocky Mountain Credit Union legitimate?

Rocky Mountain Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rocky Mountain 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $534,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,048,719

For more financial information, click here


Official website here: www.rmcu.net

What is the mission statement of Rocky Mountain Credit Union?

The Rocky Mountain Credit Union is committed to enhancing the lives of its members by offering a reliable and customer-focused credit union experience. As a member-owned financial cooperative, it strives to build trust and respect within the community. The credit union provides various financial services including counseling, education, insurance protection, and consumer information. It offers settlement, correspondence, investment, loan education, and other services to its extensive member base, surpassing 24,000 primarily Montana residents. Through its comprehensive range of financial offerings and dedication to its members, the Rocky Mountain Credit Union aims to make a positive impact on the lives of those it serves.


Official website here: www.rmcu.net

Who is the CEO of Rocky Mountain Credit Union?

Steve Sendon is the Chair of Rocky Mountain Credit Union. The CEO's salary of Rocky Mountain Credit Union is $290,359 and their total compensation is $337,682.


Official website here: www.rmcu.net

What is the revenue of Rocky Mountain Credit Union?

Rocky Mountain Credit Union's revenue in 2022 was $16,619,836.


Official website here: www.rmcu.net

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

The average compensation at Rocky Mountain Credit Union during 2022 was $46,920. There are 119 employees and 12 volunteers at Rocky Mountain Credit Union.

Here are 14 key members and their salaries (Rocky Mountain Credit Union's CEO's salary is $290,359 and their total compensation is $337,682):

    Steve Sendon (President/Ceo)
  • Compensation: $290,359
  • Related: $0
  • Other: $47,323

    • Cyrus Malkin (Cfo)
  • Compensation: $164,100
  • Related: $0
  • Other: $33,001

    • Dean Olsen (Vp - It)
  • Compensation: $145,066
  • Related: $0
  • Other: $29,759

    • Erin Johnston (Vp - Project Change)
  • Compensation: $131,531
  • Related: $0
  • Other: $31,875

    • Lesley Huber (Vp - Lending)
  • Compensation: $130,974
  • Related: $0
  • Other: $25,708

    • Holly Lane (Vp - Hr)
  • Compensation: $133,053
  • Related: $0
  • Other: $22,522

    • Brandi Lee-Mergenthaler (Vp - Operations)
  • Compensation: $115,625
  • Related: $0
  • Other: $30,241

    • Kristin Bouchard (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lyle Manley (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josh Knoedler (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stefanie Griffith (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Bertagnolli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Lemon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rmcu.net

    Where can I find the form 990 for Rocky Mountain Credit Union?

    The Rocky Mountain Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rmcu.net

    Learn more at the official website: www.rmcu.net

    Mission Statement of Rocky Mountain Credit Union

    Rocky Mountain Credit Union, a member-owned financial cooperative, is dedicated to enhancing the lives of its members by offering a secure and service-focused credit union that fosters trust and respect. This institution serves over 24,000 primarily Montana residents, providing them with a wide array of financial services.

    At the heart of Rocky Mountain Credit Union's mission is the commitment to improve the quality of life for its members. By offering a secure banking environment, the credit union builds trust and respect, enabling its members to confidently manage their finances. The credit union's service-oriented approach extends beyond standard financial transactions, with additional offerings including counseling, financial education, newsletters, deposit and loan insurance protection, and consumer information.

    Rocky Mountain Credit Union goes above and beyond in catering to the unique financial needs of its members. Besides the essential settlement, correspondence, investment, and loan education services, the credit union also provides specialized assistance to help its members make informed decisions about their financial future. Through these extensive offerings, Rocky Mountain Credit Union partners with its members to create a strong, supportive financial community.

    Impact

    This information is meant to be a general summary of Rocky Mountain Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Rocky Mountain Credit Union's impact lies in partnering with its members to enhance the quality of their lives through the provision of secure and service-focused financial services. With a focus on building trust and respect, this member-owned cooperative serves over 24,000 primarily Montana residents with a wide range of financial products and services. In addition to traditional banking offerings, the credit union also provides counseling, financial education, newsletters, deposit and loan insurance protection, and consumer information to its members. Through settlement services, investment assistance, loan education, and other member-centric offerings, Rocky Mountain Credit Union plays a vital role in empowering individuals and communities in Helena, Montana.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $552,959
  • Program Service Revenue: $15,825,920
  • Gross Receipts: $16,619,836

    • Assets and Liabilities:
  • Total Assets: $364,773,546
  • Total Liabilities: $336,048,499
  • Net Assets: $28,725,047
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $11,222,032

    FEES AND CHARGES

    Revenue

    $4,385,951

    SALE OF LOANS HELD-FOR-SALE

    Revenue

    $217,937

    Organization Details

    Founding Year

    1940

    Principal Officer

    Steve Sendon

    Main Address

    3400 NORTH MONTANA, HELENA, MT, 59601

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Rocky Mountain Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.