Latah Credit Union

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

EIN: 820294658 ✦ Moscow, ID ✦ Designated as a 501(c)(14)

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Overview

What is Latah Credit Union?

Latah Credit Union is a nonprofit, state-chartered financial institution based in Moscow, Idaho. With a mission to serve its members effectively, the credit union offers competitive deposit and loan accounts, acting as a reliable source for savings and checking needs. The credit union, which boasts 7,453 members, is committed to providing affordable credit and financial services. Established with a focus on its members, Latah Credit Union has a workforce of 34 employees dedicated to serving its community.


Official website here: www.latahcu.coop

Is Latah Credit Union legitimate?

Latah Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Latah 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: $404,994
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,072,699

For more financial information, click here


Official website here: www.latahcu.coop

What is the mission statement of Latah Credit Union?

Latah Credit Union, as a non-profit, State Chartered Natural Person Credit Union, is dedicated to providing competitive financial services to its members. Its mission is to serve as a reliable source for members' savings and checking account needs, offering them low-cost credit and financial services. The credit union strives to be a competitive financial provider for its 7,453 members, ensuring they have access to affordable loan and deposit accounts.


Official website here: www.latahcu.coop

Who is the CEO of Latah Credit Union?

Wilson Marlys is the Ceo of Latah Credit Union. The CEO's salary of Latah Credit Union is $73,696 and their total compensation is $75,890.


Official website here: www.latahcu.coop

What is the revenue of Latah Credit Union?

Latah Credit Union's revenue in 2022 was $4,896,007.


Official website here: www.latahcu.coop

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

The average compensation at Latah Credit Union during 2022 was $43,462. There are 34 employees and 10 volunteers at Latah Credit Union.


Here are 17 key members and their salaries (Latah Credit Union's CEO's salary is $73,696 and their total compensation is $75,890):


Wilson Marlys (Ceo)
  • Compensation: $119,847
  • Related: $0
  • Other: $3,618
Rawlsy-Feldman Carol (Chief Lending O)
  • Compensation: $76,285
  • Related: $0
  • Other: $0
Odenborg Erika (Ceo)
  • Compensation: $73,696
  • Related: $0
  • Other: $2,194
Cox Stephanie (Vp Of Lending)
  • Compensation: $51,001
  • Related: $0
  • Other: $1,452
Mowrer Vicki (Accountant)
  • Compensation: $37,220
  • Related: $0
  • Other: $0
Belisle Don (Cfo)
  • Compensation: $29,600
  • Related: $0
  • Other: $0
Crossland Bryan (It Manager)
  • Compensation: $19,310
  • Related: $0
  • Other: $0
Jensen Matt (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fischer Steve (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anderson Erik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ouderkerken Robert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lienhard Sharon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chacon Chance (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corrao Mark (Vice Board Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drown David (Sc Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilmore Joe (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Landers Megan (Sc Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.latahcu.coop

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

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


Official website here: www.latahcu.coop

Learn more at the official website: www.latahcu.coop

Mission Statement of Latah Credit Union

Latah Credit Union, as a non-profit, State Chartered Natural Person Credit Union, is dedicated to providing its members with competitive financial services. Their mission is to act as a reliable source for members' savings and checking account needs, while also offering low-cost credit and financial services. The organization strives to make these services accessible and affordable for its members, aiming to contribute positively to their financial well-being. By offering deposit and loan accounts, Latah Credit Union seeks to empower its members, providing them with financial stability and security.

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Impact




October, 2024

Latah Credit Union has a significant impact on the financial well-being of its members and the community in Moscow, Idaho. By offering competitive financial services, it provides essential deposit and loan accounts to 7,453 members, ensuring that individuals have access to necessary financial resources. With a focus on affordability, Latah Credit Union serves as a low-cost source of credit and financial services, effectively addressing the savings and checking account needs of its members. This commitment enriches the local economy by fostering stability and supporting the financial goals of the community. Through its mission, Latah Credit Union plays a vital role in enhancing the financial literacy and empowerment of its members, promoting overall public benefit.




This information is meant to be a general summary of Latah 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
$4,896,007 (2022)
Expenses
$4,946,717 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,021,958
  • Program Service Revenue: $3,047,817
  • Gross Receipts: $4,896,007

Assets and Liabilities:

  • Total Assets: $160,856,317
  • Total Liabilities: $152,162,346
  • Net Assets: $8,693,971

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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

$3,047,817

Organization Details

Founding Year

1969

Principal Officer

Wilson Marlys

Main Address

912 S Washington St, Moscow, ID, 83843

NTEE Category

Code: W60 - Public benefit

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