Aventa Credit Union

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

EIN: 840485197 ✦ Colorado springs, CO ✦ Designated as a 501(c)(14)

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Overview

What is Aventa Credit Union?

Aventa Credit Union is a member-owned financial institution based in Colorado Springs, Colorado. With approximately 35,100 members, it offers a comprehensive range of financial services including consumer and entrepreneurial lending, mortgage lending, checking and savings accounts, and certificates. Their mission is to be their members' lifelong primary financial institution, providing a convenient, secure, and cost-competitive system for financial services. The credit union has a team of 127 employees dedicated to serving its members.


Official website here: www.aventa.com

Is Aventa Credit Union legitimate?

Aventa Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Aventa 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: $1,172,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,875,515

For more financial information, click here


Official website here: www.aventa.com

What is the mission statement of Aventa Credit Union?

Aventa Credit Union aims to establish long-term relationships with its members by offering a comprehensive suite of consumer and entrepreneurial financial services. Convenience, security, and cost competitiveness are the cornerstones of Aventa's mission. The credit union's services encompass various areas such as consumer and mortgage lending, checking and savings accounts, certificates, ATM, debit, and credit cards, and other financial solutions. Over 35,000 members collectively own this financial institution.


Official website here: www.aventa.com

Who is the CEO of Aventa Credit Union?

Gregory J Mills is the Ceo of Aventa Credit Union. The CEO's salary of Aventa Credit Union is $282,165 and their total compensation is $312,854.


Official website here: www.aventa.com

What is the revenue of Aventa Credit Union?

Aventa Credit Union's revenue in 2022 was $15,058,799.


Official website here: www.aventa.com

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

The average compensation at Aventa Credit Union during 2022 was $39,748. There are 127 employees and 3 volunteers at Aventa Credit Union.


Here are 17 key members and their salaries (Aventa Credit Union's CEO's salary is $282,165 and their total compensation is $312,854):


Richard Esgar (Vice Chair)
  • Compensation: $4,250
  • Related: $0
  • Other: $0
Robert Cuomo (X-Director)
  • Compensation: $1,150
  • Related: $0
  • Other: $0
Richard C Smith Jr (Director)
  • Compensation: $3,150
  • Related: $0
  • Other: $0
Terry Lowen (X-Treasurer)
  • Compensation: $1,300
  • Related: $0
  • Other: $0
Catherine Buckley (Secretary)
  • Compensation: $3,750
  • Related: $0
  • Other: $0
Jeff Schultz (Treasurer)
  • Compensation: $3,950
  • Related: $0
  • Other: $0
Norm Andersson (Chairman)
  • Compensation: $4,450
  • Related: $0
  • Other: $0
Cathy Bulf (Director)
  • Compensation: $3,300
  • Related: $0
  • Other: $0
Womba Manguya (Director)
  • Compensation: $3,550
  • Related: $0
  • Other: $0
Jim Jarviz (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Dr Luis Velez (Director)
  • Compensation: $2,100
  • Related: $0
  • Other: $0
Gregory J Mills (Ceo)
  • Compensation: $282,165
  • Related: $0
  • Other: $30,689
Sarah Henderson (Svp/Cfo)
  • Compensation: $173,407
  • Related: $0
  • Other: $20,292
Sandra Wells (Svp Lending)
  • Compensation: $201,242
  • Related: $0
  • Other: $26,117
Deborah Brown (X - Vp Hr)
  • Compensation: $91,688
  • Related: $0
  • Other: $4,135
Melissa Noble (Human Capital Officer)
  • Compensation: $122,357
  • Related: $0
  • Other: $10,288
Patrick Harrigan (Chief Risk Mitigation)
  • Compensation: $152,924
  • Related: $0
  • Other: $24,781


Official website here: www.aventa.com

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

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


Official website here: www.aventa.com

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

Mission Statement of Aventa Credit Union

Aventa Credit Union, a financial institution owned by approximately 35,100 members, aims to become the lifelong primary financial partner for its members. This mission is fulfilled by providing a comprehensive system of consumer and entrepreneurial financial services in a convenient, secure, and cost-competitive manner.

At the heart of Aventa Credit Union's operations is a commitment to delivering a range of financial services to its members. These services encompass consumer lending, mortgage lending, checking and savings deposit and certificate accounts, ATM, debit and credit cards, and other financial offerings. By offering these services, Aventa Credit Union empowers its members to manage their financial needs effectively and efficiently.

Aventa Credit Union is more than just a financial institution; it is a trusted partner dedicated to the financial wellbeing of its members. By providing convenient and secure services, Aventa Credit Union enables its members to make informed financial decisions and achieve their financial goals. Whether its members are seeking to secure a loan, buy a home, or save for the future, Aventa Credit Union is there to support them every step of the way.

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Impact




October, 2024

Aventa Credit Union plays a significant role in the financial well-being of its members by offering a comprehensive range of services tailored to meet diverse consumer and entrepreneurial needs. With a membership base of approximately 35,100 individuals, Aventa is dedicated to being a lifelong primary financial partner for its members.

The credit union provides various financial services, including consumer and mortgage lending, checking and savings accounts, and certificates of deposit. Additionally, Aventa offers convenient access to banking through ATM, debit, and credit cards, ensuring that members have the tools they need for effective financial management.

By prioritizing convenience, security, and cost competitiveness, Aventa Credit Union fosters a supportive financial environment that empowers members to achieve their financial goals. The credit union's commitment to its community enhances the overall economic health of Colorado Springs, making it a vital institution in promoting public benefit.




This information is meant to be a general summary of Aventa 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
$15,058,799 (2022)
Expenses
$14,532,338 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $410,171
  • Program Service Revenue: $14,245,582
  • Gross Receipts: $15,058,799

Assets and Liabilities:

  • Total Assets: $288,626,631
  • Total Liabilities: $264,701,693
  • Net Assets: $23,924,938

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Programs

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

INTEREST MEMBER LOANS

Revenue

$11,530,319

FEES MEMBER SERVICE

Revenue

$1,695,996

PLASTICS AND OTHER INCOME

Revenue

$1,019,267

Organization Details

Founding Year

1957

Principal Officer

Gregory J Mills

Main Address

2735 DUBLIN BLVD, COLORADO SPRINGS, CO, 80918

NTEE Category

Code: W60 - Public benefit

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