Credit Unions Chartered In Colorado 20 Westerra Credit Union

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

EIN: 840188017 ✦ Denver, CO ✦ Designated as a 501(c)(14)

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Overview

What is Credit Unions Chartered In Colorado 20 Westerra Credit Union?

Westerra Credit Union, chartered in Colorado and based at 3700 E Alameda Avenue in Denver, is a nonprofit organization catering to a membership of 116,126 individuals. With a team of 442 employees, they offer a diverse range of financial products and services to their members. Their mission is deeply rooted in personal attention and financial education, aiming to enrich lives and help members achieve their dreams. Westerra Credit Union's activities focus on positively impacting its financial community by providing essential financial tools and resources.


Official website here: www.westerracu.com

Is Credit Unions Chartered In Colorado 20 Westerra Credit Union legitimate?

Credit Unions Chartered In Colorado 20 Westerra Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In Colorado 20 Westerra 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: $3,951,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,479,988

For more financial information, click here


Official website here: www.westerracu.com

What is the mission statement of Credit Unions Chartered In Colorado 20 Westerra Credit Union?

Credit Union 20 Westerra, with a membership of over 116,000, is dedicated to making a positive impact on people's lives through personal attention and financial education. Their mission is to care deeply for their members and educate them endlessly to help enrich their lives financially. By offering a wide range of financial products and services, they aim to empower members to achieve their dreams. The credit union prioritizes providing essential financial tools to its community, allowing them to thrive and succeed. Their commitment extends beyond transactions, as they strive to build long-lasting relationships and foster financial literacy among their members.


Official website here: www.westerracu.com

Who is the CEO of Credit Unions Chartered In Colorado 20 Westerra Credit Union?

Steven Schmidle is the Chairman of Credit Unions Chartered In Colorado 20 Westerra Credit Union. The CEO's salary of Credit Unions Chartered In Colorado 20 Westerra Credit Union is $774,247 and their total compensation is $836,808.


Official website here: www.westerracu.com

What is the revenue of Credit Unions Chartered In Colorado 20 Westerra Credit Union?

Credit Unions Chartered In Colorado 20 Westerra Credit Union's revenue in 2022 was $72,674,242.


Official website here: www.westerracu.com

Who are the executives of Credit Unions Chartered In Colorado 20 Westerra Credit Union and what are their salaries?

The average compensation at Credit Unions Chartered In Colorado 20 Westerra Credit Union during 2022 was $53,013. There are 442 employees and 8 volunteers at Credit Unions Chartered In Colorado 20 Westerra Credit Union.


Here are 18 key members and their salaries (Credit Unions Chartered In Colorado 20 Westerra Credit Union's CEO's salary is $774,247 and their total compensation is $836,808):


Andy Raicevich (Chairman)
  • Compensation: $28,500
  • Related: $0
  • Other: $0
Larry Ottele (Vice Chairman)
  • Compensation: $23,100
  • Related: $0
  • Other: $0
Jim Kullhem (Director)
  • Compensation: $23,100
  • Related: $0
  • Other: $0
Barry Beal Jr (Treasurer)
  • Compensation: $24,900
  • Related: $0
  • Other: $0
William Abbey (Director)
  • Compensation: $23,100
  • Related: $0
  • Other: $0
John Thomas Gaietto (Director)
  • Compensation: $23,100
  • Related: $0
  • Other: $0
Ron Walker (Director)
  • Compensation: $23,100
  • Related: $0
  • Other: $0
Milton Stevens (Chief Digital Officer)
  • Compensation: $275,516
  • Related: $0
  • Other: $35,275
Elinor Fordyce (Chief People Officer)
  • Compensation: $256,090
  • Related: $0
  • Other: $51,669
Brooke Fleming (Chief Lending Officer)
  • Compensation: $266,259
  • Related: $0
  • Other: $20,610
Steve Schmidle (Chief Financial Officer)
  • Compensation: $401,067
  • Related: $0
  • Other: $59,424
James Champion (President/Chief Executive)
  • Compensation: $774,247
  • Related: $0
  • Other: $62,561
Lee Paschall (Chief Marketing Officer)
  • Compensation: $281,427
  • Related: $0
  • Other: $53,054
Michelle Burke (Vp Mortgage Lending)
  • Compensation: $240,781
  • Related: $0
  • Other: $50,510
Samuel Roy-Jackson Stookey (Commercial Loan Officer)
  • Compensation: $368,539
  • Related: $0
  • Other: $36,024
Andrew Gardner (Vp Commercial Srvc & Business Bnkg)
  • Compensation: $207,568
  • Related: $0
  • Other: $32,566
Matthew J Dell (Commercial Loan Officer)
  • Compensation: $272,236
  • Related: $0
  • Other: $35,630
David J Neff (Commercial Loan Officer)
  • Compensation: $356,370
  • Related: $0
  • Other: $31,962


Official website here: www.westerracu.com

Where can I find the form 990 for Credit Unions Chartered In Colorado 20 Westerra Credit Union?

Credit Unions Chartered In Colorado 20 Westerra Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.westerracu.com

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

Mission Statement of Credit Unions Chartered In Colorado 20 Westerra Credit Union

Credit Unions Chartered In Colorado 20 Westerra Credit Union, with a mission to positively impact lives, prioritizes personal attention and financial education for its members. The organization deeply cares for its financial community, aiming to educate them tirelessly and enrich their lives. By empowering members to achieve their dreams, Westerra Credit Union goes beyond just providing financial products and services; it creates an environment conducive to growth and success. The credit union caters to the diverse needs of its 116,126 members, offering a wide range of financial solutions to help them navigate their financial journeys.

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Impact




October, 2024

Credit Unions Chartered In Colorado 20 Westerra Credit Union plays a significant role in empowering its members and improving their financial well-being. By providing a wide variety of financial products and services to 116,126 members, Westerra Credit Union fosters a community-focused banking environment that prioritizes personal attention and financial education.

The mission drives the organization to deeply care about its members, educating them on financial matters and enriching their lives through various offerings. This supportive approach enables members to achieve their financial goals and dreams, enhancing their overall quality of life. The credit union not only offers essential banking services but also emphasizes the importance of financial literacy, ultimately creating a more informed and financially stable community in Denver, Colorado.




This information is meant to be a general summary of Credit Unions Chartered In Colorado 20 Westerra 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
$72,674,242 (2022)
Expenses
$73,263,219 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $15,540,936
  • Program Service Revenue: $57,614,052
  • Gross Receipts: $221,934,419

Assets and Liabilities:

  • Total Assets: $2,204,895,683
  • Total Liabilities: $2,055,777,122
  • Net Assets: $149,118,561

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Programs

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

INTEREST INCOME

Revenue

$46,129,377

MORTGAGE SERVICE AND INTERCHANGE

Revenue

$10,366,765

FEES & CHARGES

Revenue

$1,117,910

Organization Details

Founding Year

1934

Principal Officer

Steven Schmidle

Main Address

3700 E ALAMEDA AVENUE, DENVER, CO, 802093100

NTEE Category

Code: W60 - Public benefit

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