Overview
What is Premier Members Credit Union?
Premier Members Credit Union is a thriving financial institution based in Broomfield, Colorado, with over 79,000 members. They offer a comprehensive range of financial products and services to their members, promoting thrift and providing affordable credit. With a mission to accumulate savings from members and make loans from these savings to fellow members, they aim to lower the cost of credit. The credit union employs a team of 439 dedicated individuals to ensure efficient operations and member satisfaction.
Official website here: www.pmcu.org
What are the reviews and ratings of this charity?
Premier Members Credit Union is not currently rated on Charity Navigator as it requires specific beacon evaluations, such as Accountability & Finance or Impact & Measurement, to be eligible for a rating. The absence of a rating simply reflects that the organization has not undergone this evaluation process. Historical ratings were focused primarily on aspects akin to today's Accountability and Finance criteria.
As Premier Members Credit Union is not a 501(c)(3) nonprofit, it does not fit the typical evaluation model used by Charity Navigator, which assesses registered nonprofits eligible for tax-deductible contributions. Consequently, detailed financial data, including total revenue, expenses, and key personnel salaries, is not available.
No user reviews are available on GreatNonprofits, so additional public sentiment and direct user feedback cannot be assessed at this time. This lack of data means there's limited insight into the personal experiences or opinions of those who interact with or benefit from the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Premier Members Credit Union legitimate?
Premier Members Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Premier Members 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: $4,240,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,741,477
For more financial information, click here
Official website here: www.pmcu.org
What is the mission statement of Premier Members Credit Union?
Premier Members Credit Union is dedicated to promoting thrift among its members and offering them the opportunity to accumulate savings, which in turn, is used to provide affordable credit. The mission of the credit union is to enable its members to make loans using their savings, thereby reducing the overall cost of credit. In addition to this core function, the credit union provides a diverse range of financial products and services to cater to the financial needs of its over 79,000 members.
Official website here: www.pmcu.org
Who is the CEO of Premier Members Credit Union?
Carlos Pacheco is the Chairperson of Premier Members Credit Union. The CEO's salary of Premier Members Credit Union is $736,363 and their total compensation is $774,043.
Official website here: www.pmcu.org
What is the revenue of Premier Members Credit Union?
Premier Members Credit Union's revenue in 2022 was $64,549,250.
Official website here: www.pmcu.org
Who are the executives of Premier Members Credit Union and what are their salaries?
The average compensation at Premier Members Credit Union during 2022 was $50,074. There are 439 employees and 15 volunteers at Premier Members Credit Union.
Here are 34 key members and their salaries (Premier Members Credit Union's CEO's salary is $736,363 and their total compensation is $774,043):
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $12,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $772,564
- Related: $0
- Other: $42,705
- Compensation: $736,363
- Related: $0
- Other: $37,680
- Compensation: $285,373
- Related: $0
- Other: $42,151
- Compensation: $199,393
- Related: $0
- Other: $29,748
- Compensation: $199,939
- Related: $0
- Other: $17,659
- Compensation: $186,273
- Related: $0
- Other: $19,697
- Compensation: $180,051
- Related: $0
- Other: $21,242
- Compensation: $181,272
- Related: $0
- Other: $37,583
- Compensation: $168,588
- Related: $0
- Other: $16,630
- Compensation: $156,342
- Related: $0
- Other: $10,444
- Compensation: $158,772
- Related: $0
- Other: $8,086
- Compensation: $151,591
- Related: $0
- Other: $27,217
- Compensation: $154,495
- Related: $0
- Other: $9,030
- Compensation: $303,834
- Related: $0
- Other: $18,368
- Compensation: $164,340
- Related: $0
- Other: $22,209
- Compensation: $141,715
- Related: $0
- Other: $16,523
- Compensation: $135,783
- Related: $0
- Other: $10,932
- Compensation: $131,782
- Related: $0
- Other: $16,535
Official website here: www.pmcu.org
Where can I find the form 990 for Premier Members Credit Union?
Premier Members Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pmcu.org
Learn more at the official website: www.pmcu.org
Mission Statement of Premier Members Credit Union
Premier Members Credit Union, a thriving financial institution, is committed to fostering savings among its members and offering them affordable credit. By enabling members to deposit funds into a common pool of shares, the credit union offers them the unique opportunity to borrow against their own savings when in need. This cooperative approach not only promote thrift but also ensures lower borrowing costs for the members.
With a strong dedication to its mission, Premier Members Credit Union provides a vast array of financial products and services tailored to its vast membership base, which currently exceeds 79,000 individuals. In essence, this credit union empowers its members to accumulate savings and access them as loans when required, thereby promoting financial self-sufficiency and stability.
The credit union's core value lies in its member-driven philosophy, which sets it apart from traditional financial institutions. By offering members the chance to build a financial safety net and access credit at favorable rates, Premier Members Credit Union plays a vital role in improving the financial well-being of its members.
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Impact
October, 2024
Premier Members Credit Union significantly impacts its community by promoting financial wellness and providing access to affordable credit. With a commitment to thrift and financial stability, the credit union empowers over 79,000 members in Broomfield, Colorado, by offering a diverse array of financial products and services. This initiative not only fosters individual financial growth but also cultivates a sense of community strength and resilience. By facilitating member loans and share accumulation, Premier Members Credit Union plays a crucial role in enhancing the economic well-being of its members, ultimately benefiting the broader community.
This information is meant to be a general summary of Premier Members 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,999,272
- Program Service Revenue: $57,294,704
- Gross Receipts: $64,557,874
Assets and Liabilities:
- Total Assets: $1,729,814,818
- Total Liabilities: $1,596,391,718
- Net Assets: $133,423,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS FROM MEMBERS
Revenue
$45,851,309
FEES, CHARGES, & OTHERS
Revenue
$11,401,905
FINANCE & INSURANCE
Revenue
$41,490
Organization Details
Founding Year
1950
Phone
(303) 657-7592Principal Officer
Carlos Pacheco
Main Address
360 INTERLOCKEN BLVD, BROOMFIELD, CO, 80021
Website
www.pmcu.orgNTEE Category
Code: W60 - Public benefit
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