Pikes Peak Credit Union

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

EIN: 840409862 ✦ Colorado springs, CO ✦ Designated as a 501(c)(14)

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Overview

What is Pikes Peak Credit Union?

Pikes Peak Credit Union is a member-driven financial institution, rooted in the belief of 'people helping people.' Established as a state-chartered credit union, its primary goal is to provide a comprehensive array of financial services to its members, all while upholding financial stability and security. This member-owned cooperative operates on the principle of offering tailored financial solutions to its community, fostering a cooperative environment where people can support one another financially.


Official website here: www.pikespeakcu.com

Is Pikes Peak Credit Union legitimate?

Pikes Peak Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pikes Peak 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: $299,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $993,239

For more financial information, click here


Official website here: www.pikespeakcu.com

What is the mission statement of Pikes Peak Credit Union?

Pikes Peak Credit Union, as a member-driven financial institution, operates under a people-helping-people philosophy. Their mission is centered around providing a comprehensive array of financial services to its members, all while ensuring the maintenance of its financial stability and soundness. The credit union is member-owned and controlled, which means its operations are guided by the collective interests and needs of its members.


Official website here: www.pikespeakcu.com

Who is the CEO of Pikes Peak Credit Union?

Brett M Raitz is the CEO of Pikes Peak Credit Union The CEO's salary of Pikes Peak Credit Union is $160,747 and their total compensation is $168,295.


Official website here: www.pikespeakcu.com

What is the revenue of Pikes Peak Credit Union?

Pikes Peak Credit Union's revenue in 2023 was $5,318,804.


Official website here: www.pikespeakcu.com

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

The average compensation at Pikes Peak Credit Union during 2023 was $46,181. There are 28 employees and 10 volunteers at Pikes Peak Credit Union.

Here are 10 key members and their salaries (Pikes Peak Credit Union's CEO's salary is $160,747 and their total compensation is $168,295):


Kathy A Pullara (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aura E Patterson (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack G Menard (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael B Cliett (Board Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett M Raitz (Presidentceo)
  • Compensation: $160,747
  • Related: $0
  • Other: $7,548
Heather R Gauthier (Vice President)
  • Compensation: $129,692
  • Related: $0
  • Other: $5,924
Mary L Killoran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anjoleen Himes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin M Kierney (Operations Manager)
  • Compensation: $109,550
  • Related: $0
  • Other: $5,112
Sandra L Washburn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pikespeakcu.com

Where can I find the form 990 for Pikes Peak Credit Union?

Pikes Peak Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.pikespeakcu.com

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

Mission Statement of Pikes Peak Credit Union

Pikes Peak Credit Union, as a member-owned and controlled financial cooperative, adheres to a philosophy of 'people helping people.' This mission drives the organization to offer its members a comprehensive range of financial services while ensuring its financial stability and safety. The credit union operates with the aim of providing its members with various financial solutions while upholding its commitment to security and reliability.

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Impact




October, 2024

Pikes Peak Credit Union significantly impacts the Colorado Springs community by embodying the principles of member ownership and community support. As a state-chartered credit union, it operates as a financial cooperative where members have a voice and a stake in the organization’s success. By prioritizing a “people helping people” philosophy, the credit union fosters a strong sense of community and collaboration among its members.

The organization focuses on providing a comprehensive range of financial services tailored to meet the diverse needs of its members. This commitment enhances financial literacy and access to vital resources, empowering individuals to make informed financial decisions. Furthermore, Pikes Peak Credit Union emphasizes the importance of safety and soundness in its operations, ensuring that members can trust their financial institution.

Through its initiatives and services, Pikes Peak Credit Union plays a crucial role in promoting economic stability and growth within the community, illustrating the profound impact of a member-focused financial institution on local residents and businesses alike.




This information is meant to be a general summary of Pikes Peak 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
$5,318,804 (2023)
Expenses
$4,293,663 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $856,829
  • Program Service Revenue: $4,461,975
  • Gross Receipts: $5,318,804

Assets and Liabilities:

  • Total Assets: $117,460,750
  • Total Liabilities: $106,226,996
  • Net Assets: $11,233,754

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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

$3,813,217

Fee Income

Revenue

$324,609

Miscellaneous Income

Revenue

$324,149

Organization Details

Founding Year

1932

Principal Officer

Heather R Gauthier

NTEE Category

Code: W60 - Public benefit

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