San Juan Mountains Credit Union

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

EIN: 840512485 ✦ Montrose, CO ✦ Designated as a 501(c)(14)

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Overview

What is San Juan Mountains Credit Union?

San Juan Mountains Credit Union is a member-owned financial institution, serving approximately 4,200 individuals in Montrose, Colorado. The credit union offers a variety of financial services to its members, including consumer and mortgage lending, checking and savings accounts, certificates, ATM, debit, and credit cards, among others. Its primary mission is to act as the primary financial institution for its membership, providing high-quality, efficient services, thereby upholding the philosophy of "people helping people."


Official website here: www.sjmcu.com

Is San Juan Mountains Credit Union legitimate?

San Juan Mountains Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. San Juan Mountains 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: $338,732
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,732

For more financial information, click here


Official website here: www.sjmcu.com

What is the mission statement of San Juan Mountains Credit Union?

The San Juan Mountains Credit Union's mission is to serve as the primary financial institution for its membership, offering efficient services of high quality. This is done to uphold the philosophy of "People Helping People." By doing so, the credit union aims to provide financial services such as consumer and mortgage lending, checking and savings accounts, ATM, debit, and credit card services to its approximately 4,200 members. The credit union's operations are centered around this mission, aiming to meet its members' financial needs effectively.


Official website here: www.sjmcu.com

Who is the CEO of San Juan Mountains Credit Union?

Tara Salazar is the Chairman of San Juan Mountains Credit Union. The CEO's salary of San Juan Mountains Credit Union is $171,329 and their total compensation is $190,718.


Official website here: www.sjmcu.com

What is the revenue of San Juan Mountains Credit Union?

San Juan Mountains Credit Union's revenue in 2022 was $2,350,802.


Official website here: www.sjmcu.com

Who are the executives of San Juan Mountains Credit Union and what are their salaries?

There 10 volunteers at San Juan Mountains Credit Union.


Here are 7 key members and their salaries (San Juan Mountains Credit Union's CEO's salary is $171,329 and their total compensation is $190,718):


Judy Knott (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Jewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mcdermott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Swain (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom West (Secr/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara Salazar (Ceo)
  • Compensation: $171,329
  • Related: $0
  • Other: $19,389
Lynne Smith (Assistant Manager)
  • Compensation: $134,997
  • Related: $0
  • Other: $13,015


Official website here: www.sjmcu.com

Where can I find the form 990 for San Juan Mountains Credit Union?

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


Official website here: www.sjmcu.com

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

Mission Statement of San Juan Mountains Credit Union

San Juan Mountains Credit Union, with approximately 4,200 members as its ownership, serves as the primary financial institution for its membership. Its mission is centered around providing efficient services of high quality, thereby upholding the philosophy of "People Helping People." This mission translates into offering various financial services to its members, including consumer lending, mortgage lending, checking and savings deposit and certificate accounts, ATM, debit, and credit cards, and other financial services. By following this mission, San Juan Mountains Credit Union aims to foster a supportive and mutually beneficial relationship between its members, embodying the spirit of "People Helping People."

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Impact




October, 2024

San Juan Mountains Credit Union plays a vital role in the financial well-being of its approximately 4,200 members by delivering high-quality and efficient financial services. Located in Montrose, Colorado, the credit union embodies the philosophy of "people helping people," focusing on the needs of its members and fostering a community-oriented financial environment.

By providing a range of financial products—such as consumer and mortgage loans, checking and savings accounts, and credit and debit cards—the credit union empowers its members to achieve their financial goals. The availability of these services enhances financial literacy and security within the community, promoting economic stability and growth.

The credit union's commitment to its members ensures that individuals have access to essential financial resources, contributing to broader public benefit and social responsibility. Through its dedicated approach to service and community engagement, San Juan Mountains Credit Union not only supports individual financial aspirations but also strengthens the local economy.




This information is meant to be a general summary of San Juan Mountains 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
$2,350,802 (2022)
Expenses
$1,733,518 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $347,315
  • Program Service Revenue: $1,964,333
  • Gross Receipts: $2,560,656

Assets and Liabilities:

  • Total Assets: $53,043,202
  • Total Liabilities: $48,167,582
  • Net Assets: $4,875,620

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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

$1,676,190

FEES MEMBER SERVICE

Revenue

$158,764

OTHER OPERATING INCOME

Revenue

$129,379

Organization Details

Founding Year

1958

Principal Officer

Tara Salazar

Main Address

1400 E MAIN ST, MONTROSE, CO, 81401

NTEE Category

Code: W60 - Public benefit

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