Clarity Credit Union

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

EIN: 820202653 ✦ Nampa, ID ✦ Designated as a 501(c)(14)

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Overview

What is Clarity Credit Union?

Clarity Credit Union is a nonprofit organization serving approximately 17,250 members in 2022, located in Nampa, Idaho. Their mission is to enrich the quality of life in their communities by providing fair financial products for individuals with modest means. They offer a range of services, including savings, checking accounts, loans, credit cards, debit cards, and mortgages, encouraging thrift and saving among their members. Clarity Credit Union values its members as individuals, helping them achieve their goals and realize their dreams. They build long-lasting relationships within their community by providing tailored financial solutions. The organization employs 56 individuals, demonstrating their commitment to serving their members and community.


Official website here: www.claritycu.com

Is Clarity Credit Union legitimate?

Clarity Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Clarity 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: $641,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,330,275

For more financial information, click here


Official website here: www.claritycu.com

What is the mission statement of Clarity Credit Union?

Clarity Credit Union's mission is centered around enhancing the quality of life in communities by offering fair financial products to individuals with modest means. The union values its members as individuals, assisting them in realizing their goals and achieving their dreams. Through long-term relationships, Clarity Credit Union provides financial solutions within its community. In 2022, the union served 17,250 members, offering a variety of services such as savings, checking accounts, loans, debit and credit cards, and mortgages, encouraging thrift and saving among its members.


Official website here: www.claritycu.com

Who is the CEO of Clarity Credit Union?

Wendy Edwards is the Ceo/President of Clarity Credit Union. The CEO's salary of Clarity Credit Union is $219,853 and their total compensation is $257,359.


Official website here: www.claritycu.com

What is the revenue of Clarity Credit Union?

Clarity Credit Union's revenue in 2022 was $10,347,743.


Official website here: www.claritycu.com

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

The average compensation at Clarity Credit Union during 2022 was $53,064. There are 56 employees and 10 volunteers at Clarity Credit Union.


Here are 11 key members and their salaries (Clarity Credit Union's CEO's salary is $219,853 and their total compensation is $257,359):


Brett Spencer (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Edwards (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Firkin (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Barney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Archer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Serratos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Clucas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Edwards (Ceo/President)
  • Compensation: $219,853
  • Related: $0
  • Other: $37,506
Nick Fugal (Cfo)
  • Compensation: $156,748
  • Related: $0
  • Other: $33,976
Dan Edgerton (Clo)
  • Compensation: $137,678
  • Related: $0
  • Other: $16,643
Gracie Franks (Coo)
  • Compensation: $127,041
  • Related: $0
  • Other: $29,965


Official website here: www.claritycu.com

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

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


Official website here: www.claritycu.com

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

Mission Statement of Clarity Credit Union

Clarity Credit Union, a financial institution, is committed to enhancing the quality of life in its communities. Its mission is rooted in providing fairly priced financial products to individuals of modest means. The credit union values each person as an individual, working towards helping them achieve their goals and realize their dreams. By establishing long-term relationships, Clarity Credit Union offers financial solutions tailored to its community's needs, encompassing savings, checking accounts, loans, certificates of deposit (CDS), debit cards, credit cards, and mortgages. The credit union serves a membership of 17,250 individuals in 2022, emphasizing the importance of thrift and savings in its member services.

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Impact




October, 2024

Clarity Credit Union enriches the quality of life in its community by providing accessible financial products tailored for individuals with modest means. Serving 17,250 members in 2022, the credit union offers a range of services including savings and checking accounts, loans, CDs, debit and credit cards, and mortgages. Through these services, Clarity Credit Union encourages thrift and saving, empowering members to achieve their financial goals and realize their dreams. By valuing each member as an individual, Clarity Credit Union fosters lifelong relationships and strengthens the economic well-being of Nampa, ID, and surrounding areas.




This information is meant to be a general summary of Clarity 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
$10,347,743 (2022)
Expenses
$8,160,711 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $580,832
  • Program Service Revenue: $8,268,678
  • Gross Receipts: $10,457,698

Assets and Liabilities:

  • Total Assets: $168,916,965
  • Total Liabilities: $155,719,295
  • Net Assets: $13,197,670

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Programs

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

LOAN INTEREST INCOME

Revenue

$5,010,207

VISA INTERCHANGE INCOME

Revenue

$1,809,288

FEES AND CHARGES

Revenue

$1,096,815

LOAN INSURANCE SALES INCOME

Revenue

$352,368

Organization Details

Founding Year

1948

Principal Officer

Wendy Edwards

Main Address

PO BOX 500, NAMPA, ID, 83653

NTEE Category

Code: W60 - Public benefit

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